Eris Lifesciences Limited Buyback 2019 Review

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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.

Eris Lifesciences Limited Buyback Offer Details

      »»   Total Share Capital: Rs 6,822.36 Cr
      »»   Face Value: 1 Per Equity Share
      »»   Buyback Offer Amount: Rs 100 Cr
      »»   Buyback Offer Size (In %): 1.26%
      »»   Buyback Number of Shares: 17.39 Lakhs
      »»   Buyback Price: Rs 575
      »»   Promoters and Promoter Group participation:Yes
      »»   Buyback type:Tender Offer
      »»   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)

Eris Lifesciences Limited Buyback Important Dates

In this section we have covered all imporatant 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 will give you a clear picture, how many retail investor holding Eris Lifesciences Limited 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 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%

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

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
Thomas Cook India LtdTender OfferRs 150 Cr57.5024.60 (4.46%)07-03-2020TBDTBD
NIIT TechnologiesTender OfferRs 337 Cr17251505.50 (4.37%)12-03-2020TBDTBD
Tips Industries LimitedTender OfferRs 18.90 Cr14096.25 (-1.58%)03-04-2020TBDTBD
Coral India Finance And Housing LtdTender OfferRs 21.08 Cr1713.50 (-2.46%)17-04-2020TBDTBD
Indiabulls Real Estate LimitedTender OfferRs 500 Cr10041.10 (1.36%)TBDTBDTBD
Granules India LtdTender OfferRs 250 Cr200165.75 (-1.54%)TBDTBDTBD

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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
Request call back from

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

Buyback FAQs

  1. 1. What is the record date for Eris Lifesciences Limited buyback offer?

    The Record Date for Eris Lifesciences Limited Buyback offer is 15th Jul 2019

    Which means you should hold the Eris Lifesciences Limited share in your demat account by closing session of 15th Jul 2019. Share purchased on and before (15th Jul 2019) - 2 business days will be available in your demat account by 15th Jul 2019.

    Discuss this question

  2. 2. How much I can make with Eris Lifesciences Limited buyback offer?

    Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Eris Lifesciences Limited shares at ₹500 and buyback offer price is ₹575, you can get ₹75 per accepted share. If you hold 400 shares of Eris Lifesciences Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 132 to 200 shares with the gain from buyback of ₹9900 to ₹15000.

    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.

    Eris Lifesciences Limited Buyback Profit Calculation

    % Share AcceptedNo of Shared AcceptedGain from Buyback Offer
    33%132₹9900
    50%200₹15000
    75%300₹22500
    100%400₹30000

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  3. 3. How to Participate in Eris Lifesciences Limited buyback offer?

    Steps to participate in Eris Lifesciences Limited buyback:

    1. On Record date (15th Jul 2019) you must have share of Eris Lifesciences Limited 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.

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  4. 4. How many Eris Lifesciences Limited 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.

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  5. 5. When I need to tender Eris Lifesciences Limited share for buyback?

    Buyback opening date for Eris Lifesciences Limited : 1st Jan 2020

    Buyback closing date for Eris Lifesciences Limited : 14th Jan 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 22nd Jan 2020.

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  6. 6. When I will know how much shares accepted in Eris Lifesciences Limited 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 23rd Jan 2020.

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  7. 7. How and when will I get money for accepted shares of Eris Lifesciences Limited buyback?

    Money will be directly deposited in your registered bank account with broker. Usually money will be deposited on and after 23rd Jan 2020, which is last date of settlement of bids on the Stock Exchange.

    In case of physical share holding, you will get a cheque.

    Discuss this question

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User Comments

avatar
1. sudhir maheshwari  12/28/2019 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

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