FDC Ltd Buyback 2019 Review

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Incorporated in 1936, FDC Ltd is full integrated Pharmaceutical company. The company is leading manufacturer of Oral Rehydration Salts (ORS). US FDA and UK MHRD approved manufacturing facilities. The company launched a new product "Enerzal" in energy drink segment. FDC is promoting this product online in retail market.

FDC Buyback 2019 Latest Update

May 24th, 2019:FDC Ltd (BSE:531599 | NSE:FDC) board has approved a proposal for purchase of up to 34.30 lakh(Thirty four lakhs and thirty thousand) shares at Rs 350 (Three hundred fifty) per share, aggregating Rs 120 Cr(one hundred and twenty crore) (Buyback Offer Size) that is 13.06% of total paid equity share capital.

In 2018 also FDC launched buyback via Tender Offer for Rs 120.05 Cr of 3.43 lakh shares @350. The current buyback is also of similar size and similar price. For retail investors last time acceptance ratio was approx 75%.

FDC Ltd Buyback 2018

What is FDC Ltd Buyback details?

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

    Buyback Type: Tender Offer
    Buyback Offer Amount: Rs 120.05 Cr
    Buyback Number of Shares: 34.30 lakhs
    Buyback Price: Rs 350
    Buyback Offer Size (In %): 8.38%
    Total Share Capital: 1432.65
    Face Value: 1 Per Equity Share

Can I Invest today to participate in FDC Ltd buyback offer? No

Review & Recommendation

We advocate honest for FDC buyback as official acceptance ratio for the retail investors are going to be between 10 to 15% (Ten to Fifteen percent) and actual acceptance ration is going to be Twenty to Thirty percent (20% to 30%). We tend to rate FDC buyback as 3.5/5 (Average).

Making a resonable amount of profit is possible in FDC buyback for a new retail investor. With referance to current market price buyback price is up by 85% (Approx).

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 FDC Ltd Buyback Important Dates?

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

    FDC Ltd buyback offer important dates
    Buyback Activity Date
    Board Meeting for Buyback proposal 24th May 2019
    Buyback Approval date 24th May 2019
    Public Announcement of Buyback 24th May 2019
    Record Date 7th Jun 2019
    Buyback opens on/Buyback Opening Date 1st Jul 2019
    Buyback closes on/Buyback Closing Date 12th Jul 2019
    Cut-off date to receive completed tender forms by Registrar 15th Jul 2019
    Cut-off date for verification by the Registrar 17th Jul 2019
    Cut-off date to inform Stock Exchange on acceptance or non-acceptance
    of tendered Equity Shares by Registrar
    18th Jul 2019
    Last date of settlement of bids on the stock exchange 19th Jul 2019
    Last date to return unaccepted shares by Registrar 19th Jul 2019
    Last date of extinguishment of Equity Shares 26th Jul 2019

FDC Ltd Share Holding Pattern as of Mar 2019

Stock Holding table gives a clear picture on retail investor holdings of FDC 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 69.07%
    Non-Promoter-Institutions 13.62%
    Non-Promoter-Non-Institutions 17.30%

FDC Ltd Public Announcement >>Document

FDC Ltd Draft Letter of Offer >>Document

FDC Ltd Letter of Offer >>Document

FDC Ltd Post Buyback Public Announcement >>Document

FDC 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 187.75 per equity share - in such case Max 1065 Equity Shares as of Record Date 7th Jun 2019.
    • General category for all Shareholders other than Small Shareholders ("General Category")

    FDC Ltd Ratio of Buy Back

    Category Entitlement Ratio of Buyback Per Equity Shares Entitlement Ratio of Buyback in %
    Reserved Category 69 Equity Share out of every 749 fully paid-up Equity Share held on the Record Date. 9.21%
    General Category 10 Equity Share out of every 579 fully paid-up Equity Share held on the Record Date. 1.72%

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

    The proposed buyback acceptance ratio is 9.21% which is very low from our previous recommendation. Actual acceptance ration will go between 15 to 20%.

Post buyback comments FDC Ltd

    For FDC Ltd Buyback Offer, Report updated by the manager of buyback -

    In general category - response received 798.01, No. of Equity Shares reserved in Buyback was 2915500 where valid bid received for retail category was 23266030 which is 798.01 oversubscribed.

    In Reserved category for Small Shareholders (Retail) - response received only 511.84%, No. of Equity Shares reserved in Buyback was 514500 where valid bid received for retail category was 2633394 which is 511.84%. Final Acceptance Ratio for Retail Investors was 9.21%.

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Detail Article on Benefit from buyback offer >> Read

FDC 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 FDC Ltd? How can I apply in FDC Ltd Buyback offer?

Company Contact Information

FDC Ltd
B-8, MIDC Industrial Estate,
Waluj,Aurangabad District
Maharashtra -431136
Website: http://www.fdcindia.com

Registrar Contact Information

Link Intime India Pvt. Ltd.
C 101, 247 Park,
L.B.S. Marg, Vikhroli (West)
Mumbai - MH - 400083
Website: http://www.linkintime.co.in
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Last Updated on 2019-07-31T23:26:55+00:00


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User Comments

avatar
1. Vijay Jain  5/31/2019 6:34:21 PM Reply
FDC can give a good return for Buyback, Invest in this. With compare to last year if the acceptance ration will be the same then also we can make 50+ in this buyback.






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