Ajanta Pharma Buyback Review

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Ajanta Pharma Buyback is worth Rs 135.97 Cr. The size of the buyback is 7.35 lakh shares which are 5.26% of the total equity. The buyback price is at Rs 1850 per share which is approx 17% premium from announcement date price.

What is Ajanta Pharma ltd Buyback details?

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

    Buyback Type: Tender Offer
    Buyback Offer Amount: Rs 135.97 Cr
    Buyback Number of Shares: 7.35 Lakh
    Buyback Price: Rs 1850
    Buyback Offer Size (In %): 5.26%
    Total Share Capital: Rs 14,070.89 Cr
    Face Value: 2 Per Equity Share

Can I Invest today to participate in Ajanta Pharma ltd buyback offer? No

What are Ajanta Pharma ltd Buyback Important Dates?

In this section we have covered all important dates related to Ajanta Pharma 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.

    Ajanta Pharma ltd buyback offer important dates
    Buyback Activity Date
    Board Meeting for Buyback proposal 3rd Nov 2020
    Buyback Approval date 3rd Nov 2020
    Public Announcement of Buyback 3rd Nov 2020
    Record Date 13th Nov 2020
    Buyback opens on/Buyback Opening Date 3rd Dec 2020
    Buyback closes on/Buyback Closing Date 16th Dec 2020
    Cut-off date to receive completed tender forms by Registrar 18th Dec 2020
    Cut-off date for verification by the Registrar 22nd Dec 2020
    Cut-off date to inform Stock Exchange on acceptance or non-acceptance
    of tendered Equity Shares by Registrar
    23rd Dec 2020
    Last date of settlement of bids on the stock exchange 24th Dec 2020
    Last date to return unaccepted shares by Registrar 24th Dec 2020
    Last date of extinguishment of Equity Shares 30th Dec 2020

Ajanta Pharma ltd Share Holding Pattern as of Sep 2020

Stock Holding table gives a clear picture on retail investor holdings of Ajanta Pharma 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 70.5%
    Non-Promoter-Institutions 19.88%
    Non-Promoter-Non-Institutions 9.6%

Ajanta Pharma ltd Public Announcement >>Document

Ajanta Pharma ltd Draft Letter of Offer >>Document

Ajanta Pharma ltd Letter of Offer >>Document

Ajanta Pharma ltd Post Buyback Public Announcement >>Document

Ajanta Pharma 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 1548.50 per equity share - in such case Max 129 Equity Shares as of Record Date 13th Nov 2020.
    • General category for all Shareholders other than Small Shareholders ("General Category")

    Ajanta Pharma ltd Ratio of Buy Back

    Category Entitlement Ratio of Buyback Per Equity Shares Entitlement Ratio of Buyback in %
    Reserved Category 11 Equity Share out of every 116 fully paid-up Equity Share held on the Record Date. 9.49%
    General Category 3 Equity Share out of every 414 fully paid-up Equity Share held on the Record Date. 0.73%

Buyback Calculator - Check your Profit/Loss and Breakeven point for left out shares.

Post buyback comments Ajanta Pharma ltd

    For Ajanta Pharma ltd Buyback Offer, Report updated by the manager of buyback -

    In general category - response received 2,215.78%, No. of Equity Shares reserved in Buyback was 6,24,750 where valid bid received for retail category was 1,38,43,082 which is 2,215.78% oversubscribed.

    In Reserved category for Small Shareholders (Retail) - response received only 253.46%, No. of Equity Shares reserved in Buyback was 1,10,250 where valid bid received for retail category was 2,79,444 which is 253.46%. Final Acceptance Ratio for Retail Investors was 9.49%.

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
Smartlink Holdings LimitedTender OfferRs 31.58 Cr9592.45 (6.69%)01-03-202130-04-202114-05-2021
SIS LimitedTender OfferRs 100 Cr550375.05 (0.23%)09-04-202112-05-202127-05-2021
Quick HealTender OfferRs 155 Cr245186.25 (1.17%)03-05-2021TBDTBD

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Detail Article on Benefit from buyback offer >> Read

Ajanta Pharma 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 Ajanta Pharma ltd? How can I apply in Ajanta Pharma ltd Buyback offer?

Company Contact Information

Ajanta House,
98 Govt Industrial Area, Charkop, Kandivli (West),
Mumbai - 400067,
Maharashtra, India
Tel.: +91 22 6606 1000, Fax: +91 22 6606 1200
E-mail: [email protected]
Website: www.ajantapharma.com

Registrar Contact Information

Link Intime India Pvt Ltd
C-101, 1st Floor, 247 Park,
Lal Bahadur Shastri Marg, Vikhroli (West),
Mumbai 400 083, Maharashtra
Tel: +91 22 4918 6200
E-mail: [email protected]
Website: www.linkintime.co.in
Request call back from

Last Updated on 2021-01-25T21:35:49+00:00


Buyback FAQs

  1. 1. What is the record date for Ajanta Pharma ltd buyback offer?

    The Record Date for Ajanta Pharma ltd Buyback offer is 13th Nov 2020

    Which means you should hold the Ajanta Pharma ltd share in your demat account by closing session of 13th Nov 2020. Share purchased on and before (13th Nov 2020) - 2 business days will be available in your demat account by 13th Nov 2020.

     

     

  2. 2. How much I can make with Ajanta Pharma ltd buyback offer?

    Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Ajanta Pharma ltd shares at ₹1572 and buyback offer price is ₹1850, you can get ₹278 per accepted share. If you hold 127 shares of Ajanta Pharma ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 42 to 64 shares with the gain from buyback of ₹11676 to ₹17792.

    The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares.

    Ajanta Pharma ltd Buyback Profit Calculation

    % Share AcceptedNo of Shared AcceptedGain from Buyback Offer
    33%42₹11676
    50%64₹17792
    75%95₹26410
    100%127₹35306

     

     

  3. 3. How to Participate in Ajanta Pharma ltd buyback offer?

    Steps to participate in Ajanta Pharma ltd buyback:

    1. On Record date (13th Nov 2020) you must have share of Ajanta Pharma ltd in your demat account/physical form. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly.
    2. After that company announces buyback open and close window, so you need to tender your share in buyback process. You can do this online or contact your broker to tender your share in buyback, so he can place a request on your behalf.
    3. Next step is with registrar - depend on buyback acceptance ratio, your shares will be sold in buyback process and fund will directly debited in your bank account. Any rejected share will be revert in your demat account which you can sell in open market or hold for long term gain.

     

     

  4. 4. How many Ajanta Pharma ltd share are eligible for buyback?

    Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.

     

     

  5. 5. When I will know how much shares accepted in Ajanta Pharma ltd buyback offer?

    As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar on or before 24th Dec 2020.

     

     

  6. 6. When I need to tender Ajanta Pharma ltd share for buyback?

    Buyback opening date for Ajanta Pharma ltd: 3rd Dec 2020

    Buyback closing date for Ajanta Pharma ltd: 16th Dec 2020

    This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by 18th Dec 2020.

     

     

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  2020-11-05T22:05:14+00:00

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