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Ajanta Pharma Buyback 2021


Ajanta Pharma (BSE:532331, NSE:AJANTPHARM) is taking shares from investors via Buyback Offer. Do you wish to tender your shares for Ajanta Pharma Buyback 2021? The company has announced a buyback price of Rs 2550. Buyback Announced on 28-12-2021, the Record Date for the eligible investor is 14-01-2022.

Ajanta Pharma Buyabck Tender process starts from 03-02-2022 and end on 16-02-2022.

Acceptation Ratio for retail investor (Holding Shares worth of less than Rs 2 Lakhs on Record date) is 19.86%.

The summary report of Ajanta Pharma buyback contains overview, record date, tender dates, buyback size, buyback price, approximate entry level for new investors, date of extinguishment of Equity Shares, Entitlement Ratio for retail and general category.

Ajanta Pharma Buyback

TitleDetail
Company Name:Ajanta Pharma
Buyback Type:Tender Offer
Total Share Capital:Rs 19,158 Cr
Offer Amount:Rs 285.6 Cr
Offer Size:1.29%
Buyback Number of Shares:11.20 lakhs
Buyback Price:2550
Approx Entry Price:2200
Promoters In:Y
Buyback Approval Date:28-12-2021
Record Date:14-01-2022
Open Date:03-02-2022
Close Date:16-02-2022
Payment Date:25-02-2022
Record Date Price:2307.10
Maximum Retail Quantity:86
Draft Letter of Offer:Draft Letter of Offer
Letter of Offer:Letter of Offer
Acceptance Ratio Retail:30 Equity Shares out of every 151 fully paid-up Equity Shares held on the Record Date
Acceptance Ratio Retail %:19.86
Acceptance Ratio General:1 Equity Share out of every 91 fully paid-up Equity Shares held on the Record Date
Acceptance Ratio General %:1.11%

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FAQs

The Record Date for Ajanta Pharma Buyback offer is 14th Jan 2022

Which means you should hold the Ajanta Pharma share in your demat account by closing session of 14th Jan 2022. Share purchased on and before (14th Jan 2022) - 2 business days will be available in your demat account by 14th Jan 2022.

 

Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Ajanta Pharma shares at ₹2200 and buyback offer price is ₹2550, you can get ₹350 per accepted share. If you hold 91 shares of Ajanta Pharma and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 30 to 46 shares with the gain from buyback of ₹10500 to ₹16100.

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.

Ajanta Pharma Buyback Profit Calculation

% Share AcceptedNo of Shared AcceptedGain from Buyback Offer
33%30₹10500
50%46₹16100
75%68₹23800
100%91₹31850

 

Steps to participate in Ajanta Pharma buyback:

  1. On Record date (14th Jan 2022) you must have share of Ajanta Pharma 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.

 

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.

 

Buyback opening date for Ajanta Pharma: 3rd Feb 2022

Buyback closing date for Ajanta Pharma: 16th Feb 2022

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 .

 

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 25th Feb 2022.

 

Buyback opening date for Ajanta Pharma: 3rd Feb 2022

Buyback closing date for Ajanta Pharma: 16th Feb 2022

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 .

 


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