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Feb 25, 2021 - Mar 10, 2021

National Aluminium Company Limited Buyback (NALCO Buyback) Detail

Incorporated in 1981, NALCO is a Navratna CPSE under the Ministry of Mines, Government of India. NALCO is a Schedule A‘ CPSE having integrated and diversified operations in mining, metal, and power. The main functions of the company include Mining and transportation of Bauxite, Refining of Alumina, production of Aluminium metal, Manufacturing of various Aluminium products, generation of Thermal and Wind Power, and marketing of Alumina, Aluminium and allied products.

NALCO is one of the largest integrated Bauxite-Alumina-Aluminium- Power Complex in the Country.

Globally, NALCO has achieved the distinction of being the lowest cost producer of Bauxite and Alumina in the world for the year 2019, as per the latest report of Wood Mackenzie.

NALCO Buyback Detail

Issue PeriodFeb 25, 2021 - Mar 10, 2021
Security NameNational Aluminium Company Limited
Issue TypeTender Offer
Issue Size (Shares)13.03 Crores
Issue Size (Amount)₹749.10 Crores
Buyback Price₹58 per share
Face Value₹5 per share
Listing AtBSE, NSE

NALCO Buyback Issue Timetable

Offer Opens OnFeb 25, 2021
Offer Closes OnMar 10, 2021
Record DateFeb 8, 2021
Last Date for receipt of Tender FormsMar 12, 2021
Finalisation of Buyback AcceptanceMar 16, 2021
Last Date for settlment of bidsMar 17, 2021
Last Date for Extinguishment of SharesMar 19, 2021

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 23 Equity Shares out of every 195 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 37 Equity Shares out of every 568 Equity Shares held on the Record Date.

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs in Crores)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 8,742.42 11,826.48 9,917.74
Profit After Tax 136.23 1,733.69 1,342.19
Net Worth 9,986.50 10,484.94 10,503.95

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2020 45 37.4 42.04
Nov-2020 40.2 29.95 34.63
Oct-2020 33.3 29.15 30.8

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2020 45 37.35 42.06
Nov-2020 40.2 29.95 34.63
Oct-2020 33.3 29.1 30.78

Necessity of the Issue

The Buy-back is being undertaken by the Company to:
i) Optimize the capital structure; and
ii) Improve return on equity, by reduction in the equity base.

NALCO Buyback Documents

NALCO Buyback Rating

11
3.1
Rating:Rated 3.1 stars
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NALCO Buyback Reviews

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Company Contact Information

National Aluminium Company Limited
Nalco Bhawan, Plot No. P/1, Nayapalli,
Bhubaneswar-751013


Phone: +91 (0674) 2300 677
Email: company_secretary@nalcoindia.co.in
Website: http://www.nalcoindia.com

NALCO Buyback Registrar

  1. KFin Technologies Limited
       KFintech, Tower-B, Plot No 31 & 32,
       Financial District, Nanakramguda, Gachibowli,
       Hyderabad, Telangana India - 500 032.

    Phone: 04067162222, 04079611000
    Email: nalco.buyback2021@kfintech.com
    Website: https://karisma.kfintech.com/

NALCO Buyback Manager

Lead Manager(s)

  1. IDBI Capital Market Services Limited

Registered Broker

  1. IDBI Capital Markets & Securities Limited
    Email: charushila.parkar@idbicapital.com

Find NALCO Buyback Latest Update


5 Comments

5. SARITA S  
Dear Admin sir,
There is no thrill in open market buyback for retailers.
So, please open pages for tender route buyback of companies like SIS, Bharat Rasayan etc which are good companies undergoing the buyback action.
4. Aniketiaf  
A 100 percent AR likely.
4.5. Ou Ai  
With increase in global aluminum prices by 28% Nalco and Hindalco will go up gradually despite minor dips in between. Naclo should go to 75 ~80 levels post buyback. One can buy at dips either to tender on buy back or even hold over next 1 to 2 years
4.6. ganesh jaiswal  
Aniket ji,
Today booked profit half holding of NALCO @ 63.
3. SARITA S  
Nalco may be available <49 in the coming week. Good opportunity to enter for tendering in Buyback.
3.6. Ou Ai  
it should be bought before opening of buy back. As most clever investors tend to think alike rush to buy after dates are announced. Nalco is hitting 52 week high now at 54.20!

Might remain close to buyback price as buyback opens. Aluminum prices rising in tandem with commodity prices.... good to hold unaccepted shares for an year or two
3.7. amit K singh  
I think during buyback, Nalco will not go below rs 49 ...
2. Ou Ai  
You can sell balance shares. Else, you can also tender all the shares and higher number may get accepted as a small shareholder.
1. Rajesha  
I have 200 shares of NALCO and eligible for 23 shares in buyback. After applying for buyback, can i sell remaining 177 shares before 25th February?