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Alembic Ltd Buyback Offer Jan 2018

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Incorporated in 1907, Alembic Ltd((BSE: 506235 | NSE: ALEMBICLTD) is engaged in manufacturing and marketing of fermentation and chemistry based Active Pharmaceuticals Ingredients (API),Research and Development activity related to Pharmaceuticals, Construction of residential & commercial real estate, Power generation(Co-generation and wind power).The Company started its first manufacturing unit in 1907 as Tinctures and Alcohol at Vadodara.

What is the Alembic Ltd share buyback offer?

Jan 18,2017 - Alembic Ltd(BSE: 506235 | NSE: ALEMBICLTD)Board is going to consider a share buyback in board meeting which is planned on Jan 23,2018.

Jan 23,2018 - Alembic Ltd Board has approved a proposal for buyback of up to 1.02 Cr shares at Rs 80 per share, aggregating Rs 82 crore which is 3.84% of the total number of Equity shares.

What is Alembic Ltd Buyback details?

Below is the complete details about Alembic Ltd Buyback. Record date, buyback open and close dates are announce in below section.

Buyback Type: Tender Offer
Buyback Offer Amount: Rs 82 Cr
Buyback Number of Shares: 1.025 Cr
Buyback Price: Rs 80
Buyback Offer Size (In %): 3.84%
Total Share Capital: Rs 1,691.65 Cr
Face Value: 2 Per Equity Share

Can I Invest today to participate in Alembic Ltd buyback offer? No

What are Alembic Ltd Buyback Important Dates?

In this section we have covered all important dates related to Alembic Ltd Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.

Alembic Ltd buyback offer important dates
Buyback Activity Date
Board Meeting for Buyback proposal 23rd Jan 2018
Buyback Approval date 24th Jan 2018
Public Announcement of Buyback 24th Jan 2018
Record Date 23rd Mar 2018
Buyback opens on/Buyback Opening Date 16th Apr 2018
Buyback closes on/Buyback Closing Date 27th Apr 2018
Cut-off date to receive completed tender forms by Registrar
Cut-off date for verification by the Registrar 3rd May 2018
Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar
9th May 2018
Last date of settlement of bids on the stock exchange 10th May 2018
Last date to return unaccepted shares by Registrar 10th May 2018
Last date of extinguishment of Equity Shares 17th May 2018

Alembic Ltd Share Holding Pattern as of Dec 2017

Stock Holding table gives a clear picture on retail investor holdings of Alembic Ltd shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.

Holding Type In %
Promoter-Foreign 0.0%
Promoter-Indian 63.53%
Non-Promoter-Institutions 1.69%
Non-Promoter-Non-Institutions 34.78%

Alembic Ltd Ratio of Buyback

    For Buy back shares holders are divided in 2 categories:
  • Reserved category for Small Shareholders ("Reserved Category") - Who holds Max Rs 2 Lakhs worth of shares @Rs 54.40 per equity share - in such case Max 3676 Equity Shares as of Record Date 23rd Mar 2018.
  • General category for all Shareholders other than Small Shareholders ("General Category")

Alembic Ltd Ratio of Buy Back

Category Entitlement Ratio of Buyback Per Equity Shares Entitlement Ratio of Buyback in %
Reserved Category 138 Equity Share out of every 2911 fully paid-up Equity Share held on the Record Date. 4.74%
General Category 396 Equity Share out of every 10663 fully paid-up Equity Share held on the Record Date. 3.71%

Post buyback comments Alembic Ltd

For Alembic Ltd Buyback Offer, Report updated by the manager of buyback -

In general category - response received 854.09%, No. of Equity Shares reserved in Buyback was 8712500 where valid bid received for retail category was 74412773 which is 854.09% oversubscribed.

In Reserved category for Small Shareholders (Retail) - response received only 544.66%, No. of Equity Shares reserved in Buyback was 1537500 where valid bid received for retail category was 8374136 which is 544.66%. Final Acceptance Ratio for Retail Investors was 4.74%.

Current and Upcoming Buybacks Key dates

The table below will give you a complete dashboard view for all open buyback offer in current market.

Current and Upcoming Buybacks Key dates
Company NameBuyback TypeOffer AmountBuyback PriceCMPRecord DateBuyback Open DateBuyback End Date
Tanla Platforms LtdTender OfferRs 170 Cr1200819.00 (0.44%)25-10-2022TBDTBD
Garware Technical Fibres LtdTender OfferRs 90 Cr37504-11-2022TBDTBD
Orbit Exports LimitedTender OfferRs 10 Cr245140.55 (0.14%)18-11-2022TBDTBD
KRBL LimitedTender Offer₹325.00Cr500277.50 (-1.65%)25-08-2023TBDTBD
Dwarikesh Sugar Industries LimitedTender Offer₹31.50Cr10569.50 (-5.61%)20-03-202427-03-202403-04-2024
Garware Technical Fibres LimitedTender Offer₹199.50Cr38003323.25 (2.01%)26-03-202401-04-202405-04-2024
Freshtrop Fruits LimitedTender Offer₹33.69Cr175165.15 (0.76%)02-04-2024TBDTBD

Detail Article on Benefit from buyback offer >> Read

Alembic Ltd Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for Alembic Ltd? How can I apply in Alembic Ltd Buyback offer?

Company Contact Information

Alembic Road,
Gujarat-390003

Registrar Contact Information

Link Intime India Pvt Ltd
B-102&103 Shangrila,
Complex First Floor,
Akota,
Vadodara - 390 020

Last Updated on 2018-10-25T04:13:28+00:00

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User Reviews

1. BINU SURANA Apr 05 2018 02:21:20 PM Reply
when we will get the form for buy back offer