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.
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
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.
| 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 |
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
For Buy back shares holders are divided in 2 categories:
| 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% |
Buyback Calculator - Check your Profit/Loss and Breakeven point for left out shares.
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%.
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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?
Last Updated on 2021-04-27T01:09:17+00:00
The Record Date for Bharat Rasayan Limited Buyback offer is 5th Mar 2021
Which means you should hold the Bharat Rasayan Limited share in your demat account by closing session of 5th Mar 2021. Share purchased on and before (5th Mar 2021) - 2 business days will be available in your demat account by 5th Mar 2021.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Bharat Rasayan Limited shares at ₹9,900 and buyback offer price is ₹11,500, you can get ₹2 per accepted share. If you hold 22222 shares of Bharat Rasayan Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 7333 to 11111 shares with the gain from buyback of ₹14666 to ₹22222.
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.
| % Share Accepted | No of Shared Accepted | Gain from Buyback Offer |
|---|---|---|
| 33% | 7333 | ₹14666 |
| 50% | 11111 | ₹22222 |
| 75% | 16666 | ₹33332 |
| 100% | 22222 | ₹44444 |
Steps to participate in Bharat Rasayan Limited 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.
Buyback opening date for Bharat Rasayan Limited: 26th Mar 2021
Buyback closing date for Bharat Rasayan Limited: 12th Apr 2021
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 14th Apr 2021.
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 22nd Apr 2021.
Buyback opening date for Bharat Rasayan Limited: 26th Mar 2021
Buyback closing date for Bharat Rasayan Limited: 12th Apr 2021
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 14th Apr 2021.
