Ad www.AngelOne.in
FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Ad www.AngelOne.in
Incorporated in 1969, Pidilite Industries Limited (Pidilite - BSE: 500331|NSE: PIDILITIND) is a specialities chemical company. The Company has various product but company has started his business with Fevicol (An adhesives) and still Fevicol is a brand name is adhesives segment. Pidilite is the market leader in adhesives and sealants, hobby colours, construction chemicals and polymer emulsions in India. The Company product range includes Adhesives and Sealants, Construction and Paint Chemicals, Automotive Chemicals, Art Materials, Industrial Adhesives, Industrial and Textile Resins and Organic Pigments and Preparations.Company has its international presence in Singapore, under the banner Pidilite International Pte Ltd.
Dec 26,2017 - Pidilite Board has approved a proposal for buyback of up to 50 lakhs shares at Rs 1000 per share, aggregating Rs 500 crore.
Below is the complete details about Pidilite Industries Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 500 Cr |
| Buyback Number of Shares: | 50 lakhs |
| Buyback Price: | Rs 1000 |
| Buyback Offer Size (In %): | 0.975 % |
| Total Share Capital: | Rs 47,491.36 Cr |
| Face Value: | 1 Per Equity Share |
Can I Invest today to participate in Pidilite Industries buyback offer? No
In this section we have covered all important dates related to Pidilite Industries 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 | 26th Dec 2017 |
| Buyback Approval date | 26th Dec 2017 |
| Public Announcement of Buyback | 26th Dec 2017 |
| Record Date | 12th Feb 2018 |
| Buyback opens on/Buyback Opening Date | 1st Mar 2018 |
| Buyback closes on/Buyback Closing Date | 15th Mar 2018 |
| Cut-off date to receive completed tender forms by Registrar | 19th Mar 2018 |
| Cut-off date for verification by the Registrar | 19th Mar 2018 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
23rd Mar 2018 |
| Last date of settlement of bids on the stock exchange | 23rd Mar 2018 |
| Last date to return unaccepted shares by Registrar | 26th Mar 2018 |
| Last date of extinguishment of Equity Shares | 2nd Apr 2018 |
Stock Holding table gives a clear picture on retail investor holdings of Pidilite Industries 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 | 69.59% |
| Non-Promoter-Institutions | 19.31% |
| Non-Promoter-Non-Institutions | 11.10% |
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 137 Equity Share out of every 999 fully paid-up Equity Share held on the Record Date. | 13.71 |
| General Category | 8 Equity Share out of every 955 fully paid-up Equity Share held on the Record Date. | 0.83% |
For Pidilite Industries Buyback Offer, Report updated by the manager of buyback -
In general category - response received 1479.53%, No. of Equity Shares reserved in Buyback was 4250000 where valid bid received for retail category was 62879903 which is 1479.53% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 228.16%, No. of Equity Shares reserved in Buyback was 750000 where valid bid received for retail category was 1711228 which is 228.16%. Final Acceptance Ratio for Retail Investors was 13.71%.
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 | 925.60 (0.36%) | 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 | 165.00 (0.00%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 298.05 (-0.90%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 460.50 (-0.74%) | 22-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
Pidilite Industries 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 Pidilite Industries? How can I apply in Pidilite Industries Buyback offer?Last Updated on 2018-10-25T03:48:08+00:00
