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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.
Issue Period | Mar 23, 2022 - Sep 22, 2022 |
Security Name | Pennar Industries Limited |
Issue Type | Open Market Through Stock Exchange |
Issue Size (Amount) | ₹40.00 Crores |
Buyback Price | ₹50 per share |
Face Value | ₹5 per share |
Listing At | BSE, NSE |
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 |
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 |
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 |
The buyback aims to utilize the net proceeds towards the following objectives:
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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
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/
Lead Manager(s)
Registered Broker
I am new to buyback type of investing.Can you please explain why it is risky ?