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Nov 15, 2018: Dhanuka Agritech Ltd (BSE:507717 | NSE:DHANUKA) board has approved a proposal for buyback of up to 15 lakhs shares at Rs 550 per share, aggregating Rs 82.50 Cr (Buyback Offer Size) which is 13.12% of total paid-up equity share.
Below is the complete details about Dhanuka Agritech Ltd Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 82.50 Cr |
| Buyback Number of Shares: | 15 lakhs |
| Buyback Price: | Rs 550 |
| Buyback Offer Size (In %): | 13.12% |
| Total Share Capital: | Rs 2080.92 Cr |
| Face Value: | 2 Per Equity Share |
Can I Invest today to participate in Dhanuka Agritech Ltd buyback offer? No
In this section we have covered all important dates related to Dhanuka Agritech 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 | 14th Nov 2018 |
| Buyback Approval date | 14th Nov 2018 |
| Public Announcement of Buyback | 14th Nov 2018 |
| Record Date | 2nd Jan 2019 |
| Buyback opens on/Buyback Opening Date | 25th Jan 2019 |
| Buyback closes on/Buyback Closing Date | 7th Feb 2019 |
| Cut-off date to receive completed tender forms by Registrar | 9th Feb 2019 |
| Cut-off date for verification by the Registrar | 12th Feb 2019 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
13th Feb 2019 |
| Last date of settlement of bids on the stock exchange | 14th Feb 2019 |
| Last date to return unaccepted shares by Registrar | 14th Feb 2019 |
| Last date of extinguishment of Equity Shares | 18th Feb 2019 |
Stock Holding table gives a clear picture on retail investor holdings of Dhanuka Agritech 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 | 75.0% |
| Non-Promoter-Institutions | 10.84% |
| Non-Promoter-Non-Institutions | 14.16% |
Dhanuka Agritech Ltd Public Announcement >>Document
Dhanuka Agritech Ltd Draft Letter of Offer >>Document
Dhanuka Agritech Ltd Letter of Offer >>Document
Dhanuka Agritech Ltd Post Buyback Public Announcement >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 7 Equity Shares out of every 67 fully paid-up Equity Shares held on the Record Date. | 10.44 |
| General Category | 5 Equity Share out of every 184 fully paid-up Equity Share held on the Record Date. | 2.72% |
For Dhanuka Agritech Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 245.02, No. of Equity Shares reserved in Buyback was 1275000 where valid bid received for retail category was 3123950 which is 245.02 oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 131.82%, No. of Equity Shares reserved in Buyback was 225000 where valid bid received for retail category was 296606 which is 131.82%. Final Acceptance Ratio for Retail Investors was 82%.
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 | 931.65 (-1.06%) | 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 | 164.70 (0.61%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 290.95 (-1.59%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 459.65 (-0.45%) | 22-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
Dhanuka Agritech 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 Dhanuka Agritech Ltd ? How can I apply in Dhanuka Agritech Ltd Buyback offer?Last Updated on 2019-03-25T22:44:27+00:00
