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

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Company Contact Information

Rishiroop Limited
W-75(A), W-76(A),
MIDC Industrial Area,
Satpur, Nasik-422007, Maharashtra

Phone: +91 22 4095 2080

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

Rishiroop Limited Buyback Manager

Lead Manager(s)

  1. Inga Ventures Pvt Ltd

Registered Broker

  1. ITI Securities Broking Ltd.

Find Rishiroop Limited Buyback Latest Update


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.
Since touched the buyback price as expected. Thank you.