Archidply Industries Buyback will open for subscription from 10 February 2021. the company aims for an issue size of ₹8.14 Crores through this buyback issue.
Archidply Industries Limited
Incorporated in 1995, Archidply Industries Limited is one of the leading Plywood companies in India. Archidply Industries is the flagship company of the Archidply group that has been associated with plywood manufacturing for more than 40 years under the brand Archidply. The company is a state-of-the-art manufacturer of wood panel products, plywood, laminates, and decorative surfacing products. Archidply Industries is the first company to give India its first-ever toxin check technology plywood.
Archidply has manufacturing facilities in Rudrapur, Mysore, and Assam with Installed capacity to manufacture products worth 75 million USD. The company has 1500 Employees, 20 Sales Offices, 7 Warehouses & a 2000 Dealer network covering 27 states of India. Archidply Industries caters to a wide range of customers based in India and overseas with its excellent product portfolio of Plywood sheets, Doors, and Densified Film faced plywood.
Objectives of the Issue
- Return surplus funds to its equity shareholders.
- Achieve optimal capital structure.
- To help improve financial ratios like earnings per share and return on equity.
Archidply Industries Buyback Issue Timetable
| Offer Opens On | Feb 10, 2021 |
| Offer Closes On | Feb 24, 2021 |
| Record Date | Jan 19, 2021 |
| Last Date for receipt of Tender Forms | Feb 26, 2021 |
| Finalization of Buyback Acceptance | Mar 4, 2021 |
| Last Date for settlement of bids | Mar 5, 2021 |
| Last Date for Extinguishment of Shares | Mar 13, 2021 |
Archidply Industries Buyback Detail
| Security Name | Archidply Industries Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 0.22 Crores |
| Issue Size (Amount) | ₹8.14 Crores |
| Buyback Price | ₹37 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
Buyback Ratio
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 31 Equity Shares out of every 311 Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 30 Equity Shares out of every 301 Equity Shares held on the Record Date. |
Company Financials
| Particulars | For the year/period ended (Rs. in Millions) | ||
|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Income | 2,684.81 | 3,319.90 | 3,116.62 |
| Profit After Tax | 37.78 | 44.63 | 25.09 |
| Net Worth | 887.83 | 1,363.74 | 1,319.20 |
Stock Market Data (for preceding 3 months)
BSE
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Dec-2020 | 35.05 | 26.6 | 29.3 |
| Nov-2020 | 29.5 | 24.5 | 24.64 |
| Oct-2020 | 26.9 | 21 | 24.87 |
NSE
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Month | High Price | Low Price | Average Price |
| Dec-2020 | 35.05 | 26.6 | 29.49 |
| Nov-2020 | 29.5 | 25.05 | 26.86 |
| Oct-2020 | 26.9 | 23.05 | 24.95 |
Archidply Industries Buyback Registrar
skyline Financial Services Private Ltd
D-153A, 1st Floor,
Okhla Industrial Area, Phase-I,
New Delhi -110020
Phone: +91 – 11 – 2681
Email: compliances@skylinerta.com
Website: http://www.skylinerta.com
Company Contact Information
Archidply Industries Limited
Plot No. 7, Sector-9,
Integrated Industrial Estate, Sidcul, Pant Nagar,
Rudrapur, Udham Singh Nagar, Uttrakhand- 263153
Phone: 05944-250270, 250269
Email: cs@archidply.com
Website: https://www.archidply.com/
Final Thoughts
A buyback occurs when the issuing company pays shareholders the market value per share and re-absorbs that portion of its ownership that was previously distributed among public and private investors. subscribing for a buyback issue is purely a personal choice. make a detailed study before you make a decision on buyback issue subscription.
Happy Investing