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Mar 23, 2022 - Sep 22, 2022

Pennar Industries Limited Buyback (Pennar Industries Buyback) Detail

Pennar Industries is one of the leading value-added engineering products and solutions company in India. It has a significant market presence in Infrastructure, Automobiles, Power, General Engineering, and Building & Construction sectors.

Its product portfolio consists of more than 1000 precision engineering products, and 2500 tools & dies. Currently, the firm has 8 manufacturing plants at Patancheru, Sadashivpet, lsnapur, Velchal, and Mallapur near Hyderabad, Chennai in Tamil Nadu and Tarapur in Maharashtra.

Pennar Industries Buyback Detail

Issue PeriodMar 23, 2022 - Sep 22, 2022
Security NamePennar Industries Limited
Issue TypeOpen Market Through Stock Exchange
Issue Size (Amount)₹40.00 Crores
Buyback Price₹50 per share
Face Value₹5 per share
Listing AtBSE, NSE

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 15,440.10 21,268.30 21,598.50
Profit After Tax 28.40 534.00 666.60
Net Worth 6,958.30 7,003.30 6,674.90

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2022 45.85 31.85 39.85
Jan-2022 45.75 34 38.69
Dec-2021 35.85 27.65 31.21

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2022 45.75 31.7 39.87
Jan-2022 45.85 33.95 38.69
Dec-2021 35.95 27.8 31.21

Necessity of the Issue

The buyback aims to utilize the net proceeds towards the following objectives:

  • To increase the earnings per share (EPS) over a period of time.
  • To effectively utilize available cash, and
  • To improve key return ratios like return on net worth, return on assets, etc.

Pennar Industries Buyback Documents

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Company Contact Information

Pennar Industries Limited
3 Floor, DHFLVC Silicon Towers, Kondapur,
Hyderabad - 500 084


Phone: +91 40 41923108
Email: corporatecommunications@pennarindia.com
Website: http://www.pennarindia.com

Pennar Industries 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: pil.buyback@kfintech.com
    Website: https://karisma.kfintech.com/

Pennar Industries Buyback Manager

Lead Manager(s)

  1. Finshore Management Services Limited

Registered Broker

  1. R.L.P. Securities Private Limited
    Email: rlpsecurities@yahoo.com

Find Pennar Industries Buyback Latest Update


2 Comments

2. Venu Gopal   I Like It. | Report Abuse |   Link | Mar 30, 2022 1:01:50 AM Reply
Hello Singh Sir,

I am new to buyback type of investing.Can you please explain why it is risky ?
1. Mr. Singh   I Like It. | Report Abuse |   Link | Mar 16, 2022 9:49:03 AM Reply
It's open offer and not through tender. So could be risky.
1.1. Akshu   I Like It. | Report Abuse |   Link | Mar 17, 2022 9:27:34 AM
can you explain the diffrence ?