Atul Buyback will open for subscription from 10 February 2021 to 09 August 2021. The company aims for an issue size of ₹50 Crores through this Buyback Issue.
Atul Limited
Incorporated in 1947, Atul Limited is a diverse Indian chemical company. The company serves customers in 90 countries with over 900 products, 400 formulations and owns 140 retail brands. It was the first private sector company inaugurated by India’s first Prime Minister. The Company is engaged in the manufacture of a variety of products that meet the needs of its customers belonging to varied industries like Adhesives, Aerospace, Agriculture, Animal Feed, Automobile, Chemical, Composite, Construction, Cosmetic, Defence, Dyestuff, Electrical and Electronics, Flavour, Food, Footwear, Fragrance, Glass, Home Care, Horticulture, Hospitality, Paint and Coatings, Paper, Personal Care, Pharmaceutical, Plastic, Polymer, Rubber, Soap and Detergent, Sport and Leisure, Textile, Tyre, and Wind Energy.
Atul Limited has its manufacturing facilities located at Ankleshwar, Atul and Panoli, Gujarat, and Tarapur, Maharashtra, India. The first manufacturing site of the Company is amongst the greenest chemical complexes in the world. It is also one of the largest integrated chemical companies in India that responsibly manage complex chemical processes. Atul Limited is an ISO-certified company with state-of-the-art facilities and procedures to ensure the safety and treatment of gaseous, liquid, and solid pollutants. Atul Limited is an integrated chemical company serving about 4,000 customers belonging to 30 industries across the world. The Company has its subsidiary companies in the USA, UK, China, Brazil, and UAE to serve its overseas customers.
Objectives of the Issue
- To improve earnings per share by reducing the equity base and lead to a long-term increase in the value of shareholders.
- To return surplus funds to the equity shareholders.
Atul Buyback Details
| Issue Period | Feb 10, 2021 – Aug 9, 2021 |
| Security Name | Atul Limited |
| Issue Type | Open Market Through Stock Exchange |
| Issue Size (Amount) | ₹50.00 Crores |
| Buyback Price | ₹7250 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
Company Financials
| Particulars | For the year/period ended (Rs. in Crores) | ||
|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-19 | |
| Total Income | 3,983.27 | 3,947.17 | 3,186.02 |
| Profit After Tax | 640.17 | 428.64 | 270.41 |
| Net Worth | 3,070.38 | 2,649.56 | 2,197.54 |
Stock Market Data (for preceding 3 months)
BSE
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2021 | 6791.9 | 6219.8 | 6517.29 |
| Dec-2020 | 6700 | 5951.1 | 6222.52 |
| Nov-2020 | 6660 | 5868 | 6269.6 |
NSE
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Month | High Price | Low Price | Average Price |
| Jan-2021 | 6800 | 6222 | 6516.51 |
| Dec-2020 | 6700 | 5951 | 6223.06 |
| Nov-2020 | 6600 | 5860 | 6270.86 |
Atul 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
Atul Limited
Atul House, G I Patel Marg,
Ahmedabad 380 014
Phone: (+91 79) 26461294
Email: shareholders@atul.co.in
Website: https://www.atul.co.in/
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