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Incorporated in 1972, Paushak is the part of Alembic Group of companies situated in Gujarat, India. Alembic Group is in the pharmaceutical business from long time. The core business line of Paushak is development and marketing of phosgene based pharma intermediates. The company has manufacturing process for gases like phosgene, isocynates, chloroformates, Carbonyl Chlorides and Acid Chlorides. Company has a workforce of 200 + people and produces 150 tons of phosgene every month.
Jan 18,2017 - Paushak Ltd (BSE: 532742 , NSE: NA) Board is going to consider a share buyback in board meeting which is planned on Jan 24,2018.
Jan 24,2018 - Paushak Ltd Limited Board has approved a proposal for buyback of up to 1.25 lakhs shares at Rs 1700 per share, aggregating Rs 21.25 crore which is 3.90% of the total number of Equity shares.
Below is the complete details about Paushak Limited Buyback. Record date, buyback open and close dates are announce in below section.
Buyback Type: | Tender Offer |
Buyback Offer Amount: | Rs 21.25 Cr |
Buyback Number of Shares: | 1.25 lakhs |
Buyback Price: | Rs 1700 |
Buyback Offer Size (In %): | 3.90% |
Total Share Capital: | Rs 481.07 Cr |
Face Value: | 10 Per Equity Share |
Can I Invest today to participate in Paushak Limited buyback offer? No
In this section we have covered all important dates related to Paushak Limited 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.
Buyback Activity | Date |
---|---|
Board Meeting for Buyback proposal | 24th Jan 2018 |
Buyback Approval date | 12th Feb 2018 |
Public Announcement of Buyback | 12th Feb 2018 |
Record Date | 23rd Mar 2018 |
Buyback opens on/Buyback Opening Date | 27th Apr 2018 |
Buyback closes on/Buyback Closing Date | 14th May 2018 |
Cut-off date to receive completed tender forms by Registrar | |
Cut-off date for verification by the Registrar | 16th May 2018 |
Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
22nd May 2018 |
Last date of settlement of bids on the stock exchange | 23rd May 2018 |
Last date to return unaccepted shares by Registrar | 23rd May 2018 |
Last date of extinguishment of Equity Shares | 30th May 2018 |
Stock Holding table gives a clear picture on retail investor holdings of Paushak Limited 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 | 66.68% |
Non-Promoter-Institutions | 0.17% |
Non-Promoter-Non-Institutions | 33.15% |
Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
---|---|---|
Reserved Category | 55 Equity Share out of every 648 fully paid-up Equity Share held on the Record Date. | 8.49% |
General Category | 19 Equity Share out of every 534 fully paid-up Equity Share held on the Record Date. | 3.56% |
For Paushak Limited Buyback Offer, Report updated by the manager of buyback -
In general category - response received 198.73%, No. of Equity Shares reserved in Buyback was 106250 where valid bid received for retail category was 211153 which is 198.73% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 165.71%, No. of Equity Shares reserved in Buyback was 18750 where valid bid received for retail category was 31070 which is 165.71%. Final Acceptance Ratio for Retail Investors was 61%.
The table below will give you a complete dashboard view for all open buyback offer in current market.
Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
---|---|---|---|---|---|---|---|
Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 819.00 (0.44%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 140.55 (0.14%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 277.50 (-1.65%) | 25-08-2023 | TBD | TBD | Dwarikesh Sugar Industries Limited | Tender Offer | ₹31.50Cr | 105 | 69.50 (-5.61%) | 20-03-2024 | 27-03-2024 | 03-04-2024 | Garware Technical Fibres Limited | Tender Offer | ₹199.50Cr | 3800 | 3323.25 (2.01%) | 26-03-2024 | 01-04-2024 | 05-04-2024 | Freshtrop Fruits Limited | Tender Offer | ₹33.69Cr | 175 | 165.15 (0.76%) | 02-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
Paushak Limited 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 Paushak Limited ? How can I apply in Paushak Limited Buyback offer?Last Updated on 2018-10-25T04:17:43+00:00