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Mar 15th, 2019: Aarti Drugs Ltd (BSE:524348 | NSE:AARTIDRUGS) board has approved a proposal for buyback of up to 2.82 lakh shares at Rs 900 per share, aggregating Rs 25.38 Cr (Buyback Offer Size) which is 5.51% of total paid-up equity share capital.
Below is the complete details about Aarti Drugs Ltd Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 25.38 Cr |
| Buyback Number of Shares: | 2.82 lakhs |
| Buyback Price: | Rs 900 |
| Buyback Offer Size (In %): | 5.51% |
| Total Share Capital: | Rs 1,552.88 Cr |
| Face Value: | 10 Per Equity Share |
Can I Invest today to participate in Aarti Drugs Ltd buyback offer? No
We don't recommend for Aarti Drugs Buyback as acceptance ration for the retail investor will be below 10%. We rated Aarti Drugs Buyback as 2.0/5 (Poor). Last year also in retail category acceptance ratio was 3% to 4% on 24 Cr buyback(2.6 lakh shares), so we are not expecting any big change in AR. For existing investor of Aarti Drugs, this is a good premium. New retail investor should avoid.
Poor (<10% AR),Fair (Bw 11 to 30% AR), Average (Bw 30 to 60% AR), Good (Bw 60 to 90% AR),Excellent (>90% AR)
In this section we have covered all important dates related to Aarti Drugs 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.
| Buyback Activity | Date |
|---|---|
| Board Meeting for Buyback proposal | 15th Mar 2019 |
| Buyback Approval date | 18th Mar 2019 |
| Public Announcement of Buyback | 19th Mar 2019 |
| Record Date | 29th Mar 2019 |
| Buyback opens on/Buyback Opening Date | 3rd May 2019 |
| Buyback closes on/Buyback Closing Date | 16th May 2019 |
| Cut-off date to receive completed tender forms by Registrar | 18th May 2019 |
| Cut-off date for verification by the Registrar | 24th May 2019 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
24th May 2019 |
| Last date of settlement of bids on the stock exchange | 27th May 2019 |
| Last date to return unaccepted shares by Registrar | 27th May 2019 |
| Last date of extinguishment of Equity Shares | 3rd Jun 2019 |
Stock Holding table gives a clear picture on retail investor holdings of Aarti Drugs 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 | 62.30% |
| Non-Promoter-Institutions | 5.40% |
| Non-Promoter-Non-Institutions | 32.30% |
Aarti Drugs Ltd Public Announcement >>Document
Aarti Drugs Ltd Draft Letter of Offer >>Document
Aarti Drugs Ltd Post Buyback Public Announcement >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 3 Equity Share out of every 115 fully paid-up Equity Share held on the Record Date. | 2.63% |
| General Category | 3 Equity Share out of every 275 fully paid-up Equity Share held on the Record Date. | 1.09% |
For Aarti Drugs Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 6929.61%, No. of Equity Shares reserved in Buyback was 239785 where valid bid received for retail category was 16615288 which is 6929.61% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 1358.75%, No. of Equity Shares reserved in Buyback was 42315 where valid bid received for retail category was 574796 which is 1358.75%. Final Acceptance Ratio for Retail Investors was 2.63%.
As per our initial estimate number of tender shares was too high, so the acceptance ratio for retail investors was very poor.
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 | 966.40 (-1.91%) | 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 | 180.00 (6.48%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 299.20 (1.00%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 460.95 (-0.25%) | 22-04-2024 | 26-04-2024 | 03-05-2024 |
Detail Article on Benefit from buyback offer >> Read
Aarti Drugs 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 Aarti Drugs Ltd? How can I apply in Aarti Drugs Ltd Buyback offer?Last Updated on 2019-06-03T11:25:51+00:00
