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Eris Lifesciences Limited Buyback 2019 Review

Rated 3.5/5 by Team InvestorGain

Incorporated in 2007, Eris Lifesciences Limited is a full integrated Pharmaceutical company. The company is a leading manufacturer of chronic category and acute category. The company is second fastest growing in Chronic therapy segment. Company is focused on formulations market of cardiovascular; anti-diabetes; vitamins; gastroenterology and gynecology.

Eris Lifesciences Buyback 2019 Latest Update

July 4th, 2019:Eris Lifesciences Limited (BSE:540596 | NSE:ERIS) board has approved a proposal for purchase of up to 17.39 lakh(Seventeen lakhs and thirty nine thousand) shares at Rs 575 (Five hundred seventy five) per share, aggregating Rs 100 Cr(one hundred crore) (Buyback Offer Size) that is 1.26% of total paid- up equity capital of the Company.

What is Eris Lifesciences Limited Buyback details?

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

Buyback Type: Tender Offer
Buyback Offer Amount: Rs 100 Cr
Buyback Number of Shares: 17.39 Lakhs
Buyback Price: Rs 575
Buyback Offer Size (In %): 1.26%
Total Share Capital: Rs 6,822.36 Cr
Face Value: 1 Per Equity Share

Can I Invest today to participate in Eris Lifesciences Limited buyback offer? No

Review & Recommendation

We advocate honest for Eris Lifesciences buyback as official acceptance ratio for the retail investors are going to be between 15 to 20% (Fifteen to Twenty percent) and actual acceptance ration is going to be thirty to sixty percent (30% to 60%). We tend to rate Eris Lifesciences buyback as 3.5/5 (Average).

Making a resonable amount of profit is possible in Eris Lifesciences buyback for a new retail investor. Buyback price is up by 15% from current market price.

As per March 2019 shareholding approx 15,00,000 shares are hold by retail investors, number of shares blocked for retail share holders are 2.60 lakhs. So in that approx buyback acceptance ration is going to above 15%.

Rating

  • Poor (<10% AR)
  • Fair (Bw 11 to 30% AR)
  • Average (Bw 30 to 60% AR)
  • Good (Bw 60 to 90% AR)
  • Excellent (>90% AR)

What are Eris Lifesciences Limited Buyback Important Dates?

In this section we have covered all important dates related to Eris Lifesciences 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.

Eris Lifesciences Limited buyback offer important dates
Buyback Activity Date
Board Meeting for Buyback proposal 3rd Jul 2019
Buyback Approval date 3rd Jul 2019
Public Announcement of Buyback 4th Jul 2019
Record Date 15th Jul 2019
Buyback opens on/Buyback Opening Date 1st Jan 2020
Buyback closes on/Buyback Closing Date 14th Jan 2020
Cut-off date to receive completed tender forms by Registrar 22nd Jan 2020
Cut-off date for verification by the Registrar 22nd Jan 2020
Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar
22nd Jan 2020
Last date of settlement of bids on the stock exchange 23rd Jan 2020
Last date to return unaccepted shares by Registrar 23rd Jan 2020
Last date of extinguishment of Equity Shares 30th Jan 2020

Eris Lifesciences Limited Share Holding Pattern as of Mar 2019

Stock Holding table gives a clear picture on retail investor holdings of Eris Lifesciences 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 0.0%
Promoter-Indian 56.10%
Non-Promoter-Institutions 19.79%
Non-Promoter-Non-Institutions 24.11%

Eris Lifesciences Limited Draft Letter of Offer >>Document

Eris Lifesciences Limited Letter of Offer >>Document

Eris Lifesciences Limited Post Buyback Public Announcement >>Document

Eris Lifesciences 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 455.10 per equity share - in such case Max 439 Equity Shares as of Record Date 15th Jul 2019.
  • General category for all Shareholders other than Small Shareholders ("General Category")

Eris Lifesciences Limited Ratio of Buy Back

Category Entitlement Ratio of Buyback Per Equity Shares Entitlement Ratio of Buyback in %
Reserved Category 50 Equity Share out of every 231 fully paid-up Equity Share held on the Record Date. 21.65
General Category 5 Equity Share out of every 461 fully paid-up Equity Share held on the Record Date. 1.08%

Post buyback comments Eris Lifesciences Limited

For Eris Lifesciences Limited Buyback Offer, Report updated by the manager of buyback -

In general category - response received 504.57%, No. of Equity Shares reserved in Buyback was 1478260 where valid bid received for retail category was 7458837 which is 504.57% oversubscribed.

In Reserved category for Small Shareholders (Retail) - response received only 160.71%, No. of Equity Shares reserved in Buyback was 260870 where valid bid received for retail category was 419246 which is 160.71%. Final Acceptance Ratio for Retail Investors was 20%.

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
Tanla Platforms LtdTender OfferRs 170 Cr1200844.55 (-1.33%)25-10-2022TBDTBD
Garware Technical Fibres LtdTender OfferRs 90 Cr37504-11-2022TBDTBD
Orbit Exports LimitedTender OfferRs 10 Cr245151.90 (-0.07%)18-11-2022TBDTBD
KRBL LimitedTender Offer₹325.00Cr500289.75 (0.77%)25-08-2023TBDTBD
Shervani Industrial Syndicate LimitedTender Offer₹6.83Cr510543.60 (1.91%)07-03-202414-03-202420-03-2024
Dwarikesh Sugar Industries LimitedTender Offer₹31.50Cr10580.37 (0.19%)20-03-2024TBDTBD
Garware Technical Fibres LimitedTender Offer₹199.50Cr38003201.80 (-1.15%)26-03-2024TBDTBD

Detail Article on Benefit from buyback offer >> Read

Eris Lifesciences 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 Eris Lifesciences Limited ? How can I apply in Eris Lifesciences Limited Buyback offer?

Company Contact Information

Eris Lifesciences Limited
8th Floor, Commerce House IV,
Beside Shell Petrol Pump,,100 Feet Road,
Ahmedabad - Gujarat - 380015
Website: http://www.eris.co.in

Registrar Contact Information

Link Intime India Pvt. Ltd.,
C 101, 247 Park,
L.B.S. Marg, Vikhroli (West)
Mumbai - 400083
Website: http://www.linkintime.co.in

Last Updated on 2020-01-29T00:12:29+00:00

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User Reviews

1. sudhir maheshwari Dec 28 2019 12:45:03 PM Reply
Dear administrator,
Kindly update the site as Buyback of moil has started & of eris is going to be open very soon. NIIT technology buyback ia also declared.

Regards