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Paushak Limited Buyback Offer Jan 2018

Rated 3/5 by Team InvestorGain

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.

What is the Paushak Ltd share buyback offer?

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.

What is Paushak Limited Buyback details?

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

What are Paushak Limited Buyback Important Dates?

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.

Paushak Limited buyback offer important dates
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

Paushak Limited Share Holding Pattern as of Dec 2017

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%

Paushak Limited 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 1370.30 per equity share - in such case Max 145 Equity Shares as of Record Date 23rd Mar 2018.
  • General category for all Shareholders other than Small Shareholders ("General Category")

Paushak Limited Ratio of Buy Back

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%

Post buyback comments Paushak Limited

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%.

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

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?

Company Contact Information

Alembic Road,
Vadodra
Gujarat
390003

Registrar Contact Information

Link Intime India Pvt. Ltd.
B-102 &103, Shangrila Complex,
First Floor,
Near Radhakrishna Char Rasta,
Akota Vadodra - 390020
Gujarat

Last Updated on 2018-10-25T04:17:43+00:00

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