Anup Engineering Buyback will open for subscription from 24 February 2021 to 23 August 2021. the company aims for an issue size of ₹25 Crores through this buyback issue.
The Anup Engineering Limited
“The Anup Engineering Limited” (Erstwhile subsidiary company of Arvind Limited) was incorporated in 1962. In 2017, Arvind Limited decided to demerge its subsidiary “The Anup Engineering Limited” as a separate entity and amalgamate it into Anveshan Heavy Engineering Limited. Subsequently, its name changed to “The Anup Engineering Limited” in 2019.
The Company is engaged in the business of manufacturing and fabrication of process equipment required for Oil & Gas, Petrochemical, Chemicals, Pharmaceuticals, Fertilizers, Drugs, Power, Water, Aerospace and other allied industries.
Objectives of the Issue
- Improve earnings per share by reduction in the equity base, thereby leading to long-term increase in shareholder’s value.
- Return surplus funds to the equity shareholders of the company.
- Improve return on equity through distribution of surplus fund.
Anup Engineering Buyback Details
| Issue Period | Feb 24, 2021 – Aug 23, 2021 |
| Security Name | The Anup Engineering Limited |
| Issue Type | Open Market Through Stock Exchange |
| Issue Size (Amount) | ₹25.00 Crores |
| Buyback Price | ₹800 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
Company Financials
| Particulars | For the year/period ended (Rs. in Millions) | ||
|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Income | 2,495.28 | 2,475.73 | 0 |
| Profit After Tax | 429.68 | 419.85 | (0.10) |
| Net Worth | 3,229.14 | 2,816.52 | 0.39 |
Stock Market Data (for preceding 3 months)
BSE
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2021 | 800 | 689.65 | 726.67 |
| Dec-2020 | 839 | 594.85 | 705.05 |
| Nov-2020 | 625 | 536 | 585.18 |
NSE
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Month | High Price | Low Price | Average Price |
| Jan-2021 | 824 | 688.65 | 726.51 |
| Dec-2020 | 839.2 | 596 | 704.37 |
| Nov-2020 | 626.9 | 537 | 585.15 |
Anup Engineering Buyback Registrar
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: nilesh.dalwadi@linkintime.co.in
Website: http://www.linkintime.co.in
Company Contact Information
The Anup Engineering Limited
The Anup Engineering Limited
Behind 66 Elec. Sub-Station,
Odhav Road, Ahmedabad – 382415
Phone: +91-79-22872823
Email: investorconnect@anupengg.com
Website: http://www.anupengg.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