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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.
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%.
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
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).
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.
| 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 |
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
| 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%.
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%.
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 | 933.35 (0.18%) | 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 | 162.50 (-1.34%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 289.85 (-0.38%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 464.70 (1.10%) | 22-04-2024 | TBD | TBD |
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?Last Updated on 2019-07-31T23:26:55+00:00
