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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

Pennar Industries Buyback FAQs

The Pennar Industries Buyback opens on Mar 23, 2022, and closes on Sep 22, 2022.

The Pennar Industries Buyback is a Open Market Through Stock Exchange.

Pennar Industries Buyback Schedule

Buyback Opening DateMar 23, 2022
Buyback Closing DateSep 22, 2022
Last date for acceptance of sharesUpon relevant pay-out by the Stock exchange

The Pennar Industries Buyback is being offered at Rs ₹50 per share per equity share.

There is no ratio applicable in case of open market offer through stock exchange mechanism.

There is no concept of record date in case of open market through stock exchange mechanism.

The Pennar Industries Buyback has announced a buyback for an aggregate amount of not more than Rs. ₹40.00 Crores with pricing of Rs.₹50 per share.

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.

Any equity shareholder holding the shares in Demat form can participate in the buyback offer through their stockbroker. The physical shareholder can participate only once the shares get converted into a Dematerialized form.

The shareholder needs to inform their broker on the details of the Equity shares they wish to sell. The broker will place a sell order whenever the company places a buy order for the buyback. The trade would get executed at the offer price or lesser only when the price offered by the shareholder matches with the buy order placed by the company.

The Pennar Industries 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.


2 Comments

2. Venu Gopal     Link|Mar 30, 2022 2:01:50 AM
Hello Singh Sir,

I am new to buyback type of investing.Can you please explain why it is risky ?
1. Mr. Singh     Link|Mar 16, 2022 10:49:03 AM
It's open offer and not through tender. So could be risky.
1.1. Akshu     Link|Mar 17, 2022 10:27:34 AM
can you explain the diffrence ?