National Aluminium Company Limited Buyback (NALCO Buyback) Detail

Feb 25, 2021 - Mar 10, 2021

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 Market Data (for preceding 3 months)

BSE

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

NSE

Month High Price Low Price Average Price
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

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Rating:Rated 3.8 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. KFintech Private Limited
       Selenium Building, Tower-B, Plot No 31 & 32,
       Financial District,Nanakramguda, Serilingampally,
       Rangareddi, Telangana India - 500 032.

    Phone: 1-800-3454001
    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

NALCO Buyback FAQs

  1. When is NALCO Buyback offer coming?

    The NALCO Buyback opens on Feb 25, 2021, and closes on Mar 10, 2021.

  2. Which type of buyback is NALCO Buyback offer?

    The NALCO Buyback is a Tender Offer.

  3. What is the schedule of activities for NALCO Buyback?

    NALCO Buyback Schedule

    Buyback Opening DateFeb 25, 2021
    Buyback Closing DateMar 10, 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
  4. What is the offer price for NALCO Buyback offer?

    The NALCO Buyback is being offered at Rs ₹58 per share per equity share.

  5. In what ratio is the NALCO Buyback offered?

    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.
  6. What is the record date for NALCO Buyback offer?

    The record date for the NALCO Buyback is Feb 8, 2021.

  7. What is the issue size of NALCO Buyback?

    The issue size of NALCO Buyback is of 13.03 Crores equity shares at ₹58 per share aggregating upto ₹749.10 Crores.

  8. What is the necessity for NALCO Buyback?

    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.


4 Comments

Aniketiaf
4. Aniketiaf  Feb 24, 2021 08:33 I Like It. | Report Abuse Reply 0
A 100 percent AR likely.
IPO smart
4.4. IPO smart  Feb 27, 2021 20:02 I Like It. | Report Abuse 0
Sir@ I sold qty 500 at Rs 60.50. Planning to buy again qty 500 before closing buyback date(if goes down).
Ou Ai
4.5. Ou Ai  Feb 28, 2021 04:20 I Like It. | Report Abuse 0
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
SARITA S
3. SARITA S  Feb 20, 2021 20:43 I Like It. 1 | Report Abuse Reply 0
Nalco may be available <49 in the coming week. Good opportunity to enter for tendering in Buyback.
Ou Ai
3.6. Ou Ai  Feb 23, 2021 12:55 I Like It. | Report Abuse 0
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
amit K singh
3.7. amit K singh  Feb 25, 2021 07:23 I Like It. | Report Abuse 0
I think during buyback, Nalco will not go below rs 49 ...
Ou Ai
2. Ou Ai  Feb 21, 2021 11:40 I Like It. | Report Abuse Reply 0
You can sell balance shares. Else, you can also tender all the shares and higher number may get accepted as a small shareholder.
Rajesha
1. Rajesha  Feb 21, 2021 08:23 I Like It. | Report Abuse Reply 0
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?








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