Rane Brake Lining Limited Buyback (Rane Brake Buyback) Detail

Oct 27, 2020 - Apr 26, 2021

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.

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Rane Brake Buyback Detail

Issue PeriodOct 27, 2020 - Apr 26, 2021
Security NameRane Brake Lining Limited
Issue TypeOpen Market Through Stock Exchange
Issue Size (Amount)₹22.00 Crores
Buyback Price₹825 per share
Face Value₹10 per share
Listing AtBSE, NSE

Company Financials

Summary of financial Information (Consolidated)
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

Stock Market Data (for preceding 3 months)

BSE

Month High Price Low Price Average Price
Sep-2020 624 523 574
Aug-2020 670 514 574
Jul-2020 605 514 549

NSE

Month High Price Low Price Average Price
Month High Price Low Price Average Price
Sep-2020 625 521 574
Aug-2020 670 512 574
Jul-2020 605 517 549

Necessity of the Issue

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.

Rane Brake Buyback Documents

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Company Contact Information

Rane Brake Lining Limited
Maithri, 132
Cathedral Road, Chennai - 600086


Phone: +91 44 2811 2472
Email: investorservices@ranegroup.com
Website: https://ranegroup.com/rbl/

Rane Brake Buyback Registrar

  1. 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/

Rane Brake Buyback Manager

Lead Manager(s)

  1. Ambit Private Limited

Registered Broker

  1. Ambit Capital Private Limited
    Email: sameer.parkar@ambit.co

Rane Brake Buyback FAQs

  1. When is Rane Brake Buyback offer coming?

    The Rane Brake Buyback opens on Oct 27, 2020, and closes on Apr 26, 2021.

  2. Which type of buyback is Rane Brake Buyback offer?

    The Rane Brake Buyback is a Open Market Through Stock Exchange.

  3. What is the schedule of activities for Rane Brake Buyback?

    Rane Brake Buyback Schedule

    Buyback Opening DateOct 27, 2020
    Buyback Closing DateApr 26, 2021
    Last date for acceptance of sharesUpon relevant pay-out by the Stock exchange
  4. What is the offer price for Rane Brake Buyback offer?

    The Rane Brake Buyback is being offered at Rs ₹825 per share per equity share.

  5. In what ratio is the Rane Brake Buyback offered?

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

  6. What is the record date for Rane Brake Buyback offer?

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

  7. What is the issue size of Rane Brake Buyback?

    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.

  8. What is the necessity for Rane Brake Buyback?

    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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