Dhanuka Agritech Ltd Buyback Review-2020

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Started the business by acquiring a sick unit in Gurgaon in 1980, Dhanuka Agritech has now listed in “200 Best under A Billion Companies in the Asia Pacific” by Forbes Magazine. The company has a Pan-India presence through its marketing offices located across India in all major states. It has reached out to approximately 10 million Indian farmers with its products and services. Dhanuka Agritech Limited has more than 150 registrations including Herbicides, Insecticides, Fungicides, and Plant Growth Regulators /Bio- Stimulants and with over 350 active SKUs. All these are solutions for all major crops grown in the country including cotton, paddy, wheat, sugarcane, pulses, fruits & vegetables, plantation crops, and others. The manufacturing facilities of the company are located in Rajasthan, Gujarat, and J&K with its R&D center located in Gurgaon, Haryana.

Dhanuka Agritech Ltd Buyback 2020 Latest Update

Sept 16, 2020: Dhanuka Agritech Ltd (BSE: 507717 | NSE: DHANUKA) board has approved a proposal for the repurchase of up to 10.00 Lakh (Ten Lakh) shares at ₹1,000 (One Thousand) per share, aggregating ₹100 Cr (One Hundred Crore) (Buyback Offer Size).

Dhanuka Agritech Ltd Buyback Offer Details

      »»   Total Share Capital: Rs 3,893.81 Cr
      »»   Face Value: 2 Per Equity Share
      »»   Buyback Offer Amount: Rs 100 Cr
      »»   Buyback Offer Size (In %): 14.27%
      »»   Buyback Number of Shares: 10 Lakh
      »»   Buyback Price: Rs 1,000
      »»   Promoters and Promoter Group participation:Yes
      »»   Buyback type:Tender Offer
      »»   Can I Invest today to participate in Dhanuka Agritech Ltd buyback offer :No

Dhanuka Agritech Ltd Buyback Important Dates

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.

    Dhanuka Agritech Ltd buyback offer important dates
    Buyback Activity Date
    Board Meeting for Buyback proposal 16th Sep 2020
    Buyback Approval date 16th Sep 2020
    Public Announcement of Buyback 18th Sep 2020
    Record Date 28th Sep 2020
    Buyback opens on/Buyback Opening Date 20th Oct 2020
    Buyback closes on/Buyback Closing Date 2nd Nov 2020
    Cut-off date to receive completed tender forms by Registrar 4th Nov 2020
    Cut-off date for verification by the Registrar 5th Nov 2020
    Cut-off date to inform Stock Exchange on acceptance or non-acceptance
    of tendered Equity Shares by Registrar
    9th Nov 2020
    Last date of settlement of bids on the stock exchange 10th Nov 2020
    Last date to return unaccepted shares by Registrar 10th Nov 2020
    Last date of extinguishment of Equity Shares 16th Nov 2020

Dhanuka Agritech Ltd Share Holding Pattern as of June 2020

Stock Holding table will give you a clear picture, how many retail investor holding Dhanuka Agritech Ltd shares, with this you can plan for participate in buyback offer. The less number of retail holding make more chance to get higher acceptance ratio in buyback under ratail category = higher profit.

    Holding Type In %
    Promoter-Foreign 0.0%
    Promoter-Indian 75%
    Non-Promoter-Institutions 16.44%
    Non-Promoter-Non-Institutions 8.56%

Dhanuka Agritech Ltd Public Announcement >>Document

Dhanuka Agritech Ltd Draft Letter of Offer >>Document

Dhanuka Agritech Ltd Letter of Offer >>Document

Dhanuka Agritech 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 741.80 per equity share - in such case Max 269 Equity Shares as of Record Date 28th Sep 2020.
    • General category for all Shareholders other than Small Shareholders ("General Category")

    Dhanuka Agritech Ltd Ratio of Buy Back

    Category Entitlement Ratio of Buyback Per Equity Shares Entitlement Ratio of Buyback in %
    Reserved Category 3 Equity Share out of every 55 fully paid-up Equity Share held on the Record Date. 5.44%
    General Category 4 Equity Share out of every 211 fully paid-up Equity Share held on the Record Date. 1.90%

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

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
James Warren Tea LtdTender OfferRs 19.836 Cr114108.70 (4.27%)18-09-2020TBDTBD
Cheviot Company LtdTender OfferRs 18 Cr900671.75 (1.68%)18-09-202022-10-202005-11-2020
Dhanuka Agritech LtdTender OfferRs 100 Cr1,000734.90 (2.64%)28-09-202020-10-202002-11-2020
RITES LtdTender OfferRs 257 Cr265239.60 (0.19%)30-09-2020TBDTBD
Magna Electro Castings LtdTender Offer7 Cr175147.40 (-0.03%)01-10-2020TBDTBD
TCSTender OfferRs 16000 Cr30002762.50 (0.87%)TBDTBDTBD
Wipro LtdTender OfferRs 9500 Cr400339.55 (-0.57%)TBDTBDTBD

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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?

Company Contact Information

Dhanuka Agritech Limited
14th Floor, Building 5A, DLF Cyber Terrace, Cyber City,
DLF Phase III
Gurgaon- 122002,
Tel. No.: +91-124-3838-500
E-mail: [email protected]
www.dhanuka.com

Registrar Contact Information

Link Intime India Private Limited
C-101, 1st Floor, 247 Park,
Lal Bhadur Shastri Marg, Vikhroli (West), Mumbai 400 083
Tel:+91 022 49186200
Contact Person: Mr. Sumeet Deshpande
E-mail: [email protected]
Request call back from

Last Updated on 2020-10-15T22:59:27+00:00


Buyback FAQs

  1. 1. What is the record date for Dhanuka Agritech Ltd buyback offer?

    The Record Date for Dhanuka Agritech Ltd Buyback offer is 28th Sep 2020

    Which means you should hold the Dhanuka Agritech Ltd share in your demat account by closing session of 28th Sep 2020. Share purchased on and before (28th Sep 2020) - 2 business days will be available in your demat account by 28th Sep 2020.

     

     

  2. 2. How much I can make with Dhanuka Agritech Ltd buyback offer?

    Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Dhanuka Agritech Ltd shares at ₹830 and buyback offer price is ₹1,000, you can get ₹-829 per accepted share. If you hold 241 shares of Dhanuka Agritech Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 80 to 120 shares with the gain from buyback of ₹-66320 to ₹-99480.

    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.

    Dhanuka Agritech Ltd Buyback Profit Calculation

    % Share AcceptedNo of Shared AcceptedGain from Buyback Offer
    33%80₹-66320
    50%120₹-99480
    75%181₹-150049
    100%241₹-199789

     

     

  3. 3. How to Participate in Dhanuka Agritech Ltd buyback offer?

    Steps to participate in Dhanuka Agritech Ltd buyback:

    1. On Record date (28th Sep 2020) you must have share of Dhanuka Agritech 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 Dhanuka Agritech 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 need to tender Dhanuka Agritech Ltd share for buyback?

    Buyback opening date for Dhanuka Agritech Ltd: 20th Oct 2020

    Buyback closing date for Dhanuka Agritech Ltd: 2nd Nov 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 4th Nov 2020.

     

     

  6. 6. When I will know how much shares accepted in Dhanuka Agritech 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 10th Nov 2020.

     

     

  7. 7. When I need to tender Dhanuka Agritech Ltd share for buyback?

    Buyback opening date for Dhanuka Agritech Ltd: 20th Oct 2020

    Buyback closing date for Dhanuka Agritech Ltd: 2nd Nov 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 4th Nov 2020.

     

     

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