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Established in 1984, Rishiroop Limited is engaged in the manufacturing of polymer blends, consumed mainly by the medium and small-scale sector. These polymer blends are used in the manufacture of petrol hoses, LPG tubing, O-rings, seals & gaskets, printing & textile rollers, cable sheathing, automotive components, etc. Besides Polymer blends, the company also sells other complementary products sourced from abroad.
| Issue Period | Oct 5, 2021 - Oct 20, 2021 |
| Security Name | Rishiroop Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 0.06 Crores |
| Issue Size (Amount) | ₹8.00 Crores |
| Buyback Price | ₹125 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Offer Opens On | Oct 5, 2021 |
| Offer Closes On | Oct 20, 2021 |
| Record Date | Sep 9, 2021 |
| Last Date for receipt of Tender Forms | Oct 22, 2021 |
| Finalisation of Buyback Acceptance | Oct 28, 2021 |
| Last Date for settlment of bids | Oct 29, 2021 |
| Last Date for Extinguishment of Shares | Nov 5, 2021 |
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 5 Equity Shares out of every 57 fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 6 Equity Shares out of every 95 fully paid-up Equity Shares held on the Record Date. |
| Particulars | For the year/period ended (Rs. in Millions) | ||
|---|---|---|---|
| 31-March-21 | 31-March-20 | 31-March-19 | |
| Total Income | 660.70 | 413.18 | 629.91 |
| Profit After Tax | 299.99 | (28.41) | 73.01 |
| Net Worth | 827.49 | 574.99 | 629.09 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jul-2021 | 100.5 | 92.1 | 95.32 |
| Jun-2021 | 113 | 92 | 101.58 |
| May-2021 | 120.1 | 86.5 | 99.54 |
The Buyback aims to:
i) help the Company to distribute surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
iii) in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the Company.
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Rishiroop Limited
W-75(A), W-76(A),
MIDC Industrial Area,
Satpur, Nasik-422007, Maharashtra
Phone: +91 22 4095 2080
Email: afernandes@rishiroop.com
Website: https://www.rishiroop.in/
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: rishiroop.buyback@linkintime.co.in
Website: https://linkintime.co.in/
Lead Manager(s)
Registered Broker
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