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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.
| Issue Period | Feb 25, 2021 - Mar 10, 2021 |
| Security Name | National Aluminium Company Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 13.03 Crores |
| Issue Size (Amount) | ₹749.10 Crores |
| Buyback Price | ₹58 per share |
| Face Value | ₹5 per share |
| Listing At | BSE, NSE |
| Offer Opens On | Feb 25, 2021 |
| Offer Closes On | Mar 10, 2021 |
| Record Date | Feb 8, 2021 |
| Last Date for receipt of Tender Forms | Mar 12, 2021 |
| Finalisation of Buyback Acceptance | Mar 16, 2021 |
| Last Date for settlment of bids | Mar 17, 2021 |
| Last Date for Extinguishment of Shares | Mar 19, 2021 |
| 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. |
| 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 |
| 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 |
| 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 |
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.
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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
KFintech Private 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/
Lead Manager(s)
Registered Broker
The NALCO Buyback opens on Feb 25, 2021, and closes on Mar 10, 2021.
The NALCO Buyback is a Tender Offer.
NALCO Buyback Schedule
| Buyback Opening Date | Feb 25, 2021 |
| Buyback Closing Date | Mar 10, 2021 |
| Last Date for receipt of Tender Forms | Mar 12, 2021 |
| Finalisation of Buyback Acceptance | Mar 16, 2021 |
| Last Date for settlment of bids | Mar 17, 2021 |
| Last Date for Extinguishment of Shares | Mar 19, 2021 |
The NALCO Buyback is being offered at Rs ₹58 per share per equity share.
| 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. |
The record date for the NALCO Buyback is Feb 8, 2021.
The issue size of NALCO Buyback is of 13.03 Crores equity shares at ₹58 per share aggregating upto ₹749.10 Crores.
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.
All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.
The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.
The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.
The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.
The NALCO Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.
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Rs 0 Eq Delivery Brokerage
Flat ₹10 Per Trade in F&O
Rs 0 Demat AMC
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.