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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) | 640,000.00 |
| Issue Size (Amount) | ₹8.00 Crores |
| Buyback Price | ₹125 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Record Date | Sep 9, 2021 |
| Offer Opens On | Oct 5, 2021 |
| Last Date for receipt of Tender Forms | Oct 22, 2021 |
| Offer Closes On | Oct 20, 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 | 100.50 | 92.10 | 95.32 |
| Jun-2021 | 113.00 | 92.00 | 101.58 |
| May-2021 | 120.10 | 86.50 | 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
The Rishiroop Limited Buyback opens on Oct 5, 2021, and closes on Oct 20, 2021.
The Rishiroop Limited Buyback last day to buy is not available as of now.
The Rishiroop Limited Buyback is a Tender Offer.
Rishiroop Limited Buyback Schedule
| Buyback Opening Date | Oct 5, 2021 |
| Buyback Closing Date | Oct 20, 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 |
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 640,000.00 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.
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