Chittorgarh.com Logo
Loading...
Oct 5, 2021 - Oct 20, 2021

Rishiroop Limited Buyback (Rishiroop Limited Buyback) Detail

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.

Rishiroop Limited Buyback Detail

Issue PeriodOct 5, 2021 - Oct 20, 2021
Security NameRishiroop Limited
Issue TypeTender Offer
Issue Size (Shares)0.06 Crores
Issue Size (Amount)₹8.00 Crores
Buyback Price₹125 per share
Face Value₹10 per share
Listing AtBSE

Rishiroop Limited Buyback Issue Timetable

Offer Opens OnOct 5, 2021
Offer Closes OnOct 20, 2021
Record DateSep 9, 2021
Last Date for receipt of Tender FormsOct 22, 2021
Finalisation of Buyback AcceptanceOct 28, 2021
Last Date for settlment of bidsOct 29, 2021
Last Date for Extinguishment of SharesNov 5, 2021

Buyback Ratio

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.

Company Financials

Summary of financial Information (standalone)
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

Stock price at BSE (in preceding 3 months)

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

Necessity of the Issue

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.

Rishiroop Limited Buyback Documents

Rishiroop Limited Buyback Rating

1
1.0
Rating:Rated 1.0 stars
Vote Here ...

Rishiroop Limited Buyback Reviews

Sorry, we couldn't find any reviews, please check back later.

Company Contact Information

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/

Rishiroop Limited Buyback Registrar

  1. 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: http://www.linkintime.co.in

Rishiroop Limited Buyback Manager

Lead Manager(s)

  1. Inga Ventures Pvt Ltd

Registered Broker

  1. ITI Securities Broking Ltd.
    Email: kvashist@itiorg.com

Find Rishiroop Limited Buyback Latest Update

Rishiroop Limited Buyback FAQs

The Rishiroop Limited Buyback opens on Oct 5, 2021, and closes on Oct 20, 2021.

The Rishiroop Limited Buyback is a Tender Offer.

Rishiroop Limited Buyback Schedule

Buyback Opening DateOct 5, 2021
Buyback Closing DateOct 20, 2021
Last Date for receipt of Tender FormsOct 22, 2021
Finalisation of Buyback AcceptanceOct 28, 2021
Last Date for settlment of bidsOct 29, 2021
Last Date for Extinguishment of SharesNov 5, 2021

The Rishiroop Limited Buyback is being offered at Rs ₹125 per share per equity share.

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.

The record date for the Rishiroop Limited Buyback is Sep 9, 2021.

The issue size of Rishiroop Limited Buyback is of 0.06 Crores equity shares at ₹125 per share aggregating upto ₹8.00 Crores.

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.

All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.

The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.

The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.

The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.

The Rishiroop Limited 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.


1 Comments

1. KAMMA SIVA RAMA KRISHNA  Oct 17, 2021 01:01 I Like It. | Report Abuse Reply
Please watch the market price as it is likely to reach the price of the buyback. Shares can be rendered, if necessary for buy back accordingly on or before 20th. Thank you.
1.1. KAMMA SIVA RAMA KRISHNA  Oct 18, 2021 14:36 I Like It. | Report Abuse
Since touched the buyback price as expected. Thank you.