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Bharat Rasayan Buyback Review

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Incorporated in May 1989, Bharat Rasayan is one of the pioneers in the agrochemical industry in India. It is the flagship enterprise of two sister concerns, Bharat Insecticides Limited and BR Agrotech Limited. Since its inception, the company has successfully expanded its product portfolio to high-quality pesticides, fungicides, acaricides, herbicides, etc. to cater to the diverse requirements of agriculture, horticulture, and floriculture. On 12th January 2021, in the board meeting, the company has decided to come up with a buyback of Rs. 107.49 Cr. The number of shares buyback is 93,472 shares at a price of Rs. 11,500 which represents 2.20% of its fully paid-up share capital. Bharat Rasayan buyback record date is 5th March 2021.

What is Bharat Rasayan Limited Buyback details?

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

Buyback Type: Tender Offer
Buyback Offer Amount: 107.49 Cr
Buyback Number of Shares: 93472
Buyback Price: Rs 11,500
Buyback Offer Size (In %): 2.20%
Total Share Capital: 4,141.8 Cr
Face Value: 10 Per Equity Share

Can I Invest today to participate in Bharat Rasayan Limited buyback offer? No

What are Bharat Rasayan Limited Buyback Important Dates?

In this section we have covered all important dates related to Bharat Rasayan 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.

Bharat Rasayan Limited buyback offer important dates
Buyback Activity Date
Board Meeting for Buyback proposal 12th Jan 2021
Buyback Approval date 12th Jan 2021
Public Announcement of Buyback 12th Jan 2021
Record Date 5th Mar 2021
Buyback opens on/Buyback Opening Date 26th Mar 2021
Buyback closes on/Buyback Closing Date 12th Apr 2021
Cut-off date to receive completed tender forms by Registrar 14th Apr 2021
Cut-off date for verification by the Registrar 16th Apr 2021
Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar
20th Apr 2021
Last date of settlement of bids on the stock exchange 22nd Apr 2021
Last date to return unaccepted shares by Registrar 22nd Apr 2021
Last date of extinguishment of Equity Shares 29th Apr 2021

Bharat Rasayan Limited Share Holding Pattern as of Dec 2020

Stock Holding table gives a clear picture on retail investor holdings of Bharat Rasayan 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 0.3%
Promoter-Indian 74.8%
Non-Promoter-Institutions 1.2%
Non-Promoter-Non-Institutions 24%

Bharat Rasayan Limited Public Announcement >>Document

Bharat Rasayan Limited Draft Letter of Offer >>Document

Bharat Rasayan Limited Letter of Offer >>Document

Bharat Rasayan Limited Post Buyback Public Announcement >>Document

Bharat Rasayan 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 9,954.2 per equity share - in such case Max 20 Equity Shares as of Record Date 5th Mar 2021.
  • General category for all Shareholders other than Small Shareholders ("General Category")

Bharat Rasayan Limited Ratio of Buy Back

Category Entitlement Ratio of Buyback Per Equity Shares Entitlement Ratio of Buyback in %
Reserved Category 12 Equity Shares out of every 79 fully paid-up Equity Shares held on the Record Date. 15.19
General Category 19 Equity Shares out of every 994 fully paid-up Equity Shares held on the Record Date. 1.91%

Post buyback comments Bharat Rasayan Limited

For Bharat Rasayan Limited Buyback Offer, Report updated by the manager of buyback -

In general category - response received 169.05, No. of Equity Shares reserved in Buyback was 79451 where valid bid received for retail category was 134314 which is 169.05 oversubscribed.

In Reserved category for Small Shareholders (Retail) - response received only 276.12, No. of Equity Shares reserved in Buyback was 14021 where valid bid received for retail category was 38715 which is 276.12. Final Acceptance Ratio for Retail Investors was 15.19%.

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
eClerx ServicesTender Offer₹303 Cr28502247.35 (-1.17%)30-09-202118-10-202101-11-2021
Goldiam International LimitedTender Offer45.60 Cr1200941.00 (0.22%)27-10-2021TBDTBD
Nucleus Software Exports LtdTender OfferRs 158 Cr700TBDTBDTBD

Detail Article on Benefit from buyback offer >> Read

Bharat Rasayan 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 Bharat Rasayan Limited? How can I apply in Bharat Rasayan Limited Buyback offer?

Company Contact Information

Bharat Rasayan Limited
1501, Vikram Tower, Rajendra Place,
New Delhi, 110008, India
Phone: 91-11-43661111
Email: [email protected]

Registrar Contact Information

Link Intime India Private Limited
C-101, 247 Park
L B S Marg Vikhroli (West)
Mumbai 400083
Telephone: +91 (22) 4918 6200
E-mail Id: [email protected]
Contact person: Sumeet Deshpande

Last Updated on 2021-04-27T01:09:17+00:00

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