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Incorporated in 2004, Rane Brake Lining Limited (RBL), an ISO certified company , is in the business of manufacturing and marketing auto components . The products of RBL include safety-critical friction material products such as brake linings, disc pads, clutch facings, clutch buttons, brake shoes, and railway brake blocks for passenger cars, utility vehicles, commercial vehicles, two-wheelers, and railways.
RBL aims to establish a global presence and enhance domestic leadership by providing eco-friendly solutions. RBL has domestic market leadership in Commercial Vehicle/Passenger Car/Utility Vehicle; Two-Wheeler applications. The company is also a leading supplier of composite brake blocks to Indian railways . RBL products are routed through stringent quality norms to match customer expectations. The company exports its products to 15 countries.
As of Dec 2020, the company has four manufacturing plants located in Chennai, Hyderabad, Puducherry, and Trichy, with superior special purpose machines and modern testing facilities to ensure consistent and stringent quality requirements.
| Issue Period | Oct 27, 2020 - Apr 26, 2021 |
| Security Name | Rane Brake Lining Limited |
| Issue Type | Open Market Through Stock Exchange |
| Issue Size (Amount) | ₹22.00 Crores |
| Buyback Price | ₹825 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Particulars | For the year/period ended (Rs. in Crores) | ||
|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Revenue from operations | 470.98 | 513.89 | 482.29 |
| Profit After Tax | 34.34 | 36.53 | 35.75 |
| Net-worth | 228.82 | 209.77 | 188.21 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Sep-2020 | 624 | 523 | 574 |
| Aug-2020 | 670 | 514 | 574 |
| Jul-2020 | 605 | 514 | 549 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Sep-2020 | 625 | 521 | 574 |
| Aug-2020 | 670 | 512 | 574 |
| Jul-2020 | 605 | 517 | 549 |
The Buyback is undertaken by the company to:
(i) Reduce outstanding number of shares and consequently increase EPS assuming same profits are earned.
(ii) Effectively utilize available cash.
(iii) Improve key ratios like Return on Equity Capital.
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Rane Brake Lining Limited
Maithri, 132
Cathedral Road, Chennai - 600086
Phone: +91 44 2811 2472
Email: investorservices@ranegroup.com
Website: https://ranegroup.com/rbl/
Integrated Registry Management Services Private Limited
2 nd Floor,
Ramakrishna Street, North Usman Road,
T. Nagar, Chennai - 600 017
Phone: + 91 44 2814 0801 to 803
Email: corpserv@integratedindia.in
Website: http://www.integratedindia.in/
Lead Manager(s)
Registered Broker
The Rane Brake Buyback opens on Oct 27, 2020, and closes on Apr 26, 2021.
The Rane Brake Buyback is a Open Market Through Stock Exchange.
Rane Brake Buyback Schedule
| Buyback Opening Date | Oct 27, 2020 |
| Buyback Closing Date | Apr 26, 2021 |
| Last date for acceptance of shares | Upon relevant pay-out by the Stock exchange |
The Rane Brake Buyback is being offered at Rs ₹825 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 Rane Brake Buyback has announced a buyback for an aggregate amount of not more than Rs. ₹22.00 Crores with pricing of Rs.₹825 per share.
The Buyback is undertaken by the company to:
(i) Reduce outstanding number of shares and consequently increase EPS assuming same profits are earned.
(ii) Effectively utilize available cash.
(iii) Improve key ratios like Return on Equity Capital.
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 Rane Brake 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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Flat ₹10 Per Trade in F&O
Rs 0 Demat AMC
