Bharat Rasayan Buyback will open for subscription from 26 March 2021 to 12 April 2021. the company aims for an issue size of ₹107.49 Crores through this buyback issue.
Bharat Rasayan Limited
Incorporated in 1989 as a Public Limited Company, Bharat Rasayan Limited (BRL) an ISO 9001:2008 and ISO 14001:2004 certified Company. It belongs to the Agrochemicals Industry in India. It manufactures Technical Grade Pesticides and Intermediates conforming to International Standards. The company has two production units. Unit 1 is located in Mokhra village of Rohtak district in Haryana, with a manufacturing capacity of 4260 MT per annum. It facilitates the bulk packaging of formulations. Unit 2 is located at Chemical Approved Economic Zone at Dahej in Gujarat. It manufactures Technical grade pesticides, intermediates, and bulk formulations. Commissioning of the Gujarat plant has enhanced the company’s total annual capacity to over 33,000 MT.
Both units have in-house R&D laboratories to ensure consistent quality and act as pilot plants for new products and formulations. The Ministry of Science & Technology has recognized these testing facilities at BRL. The company became a major stakeholder in the Tata-owned Siris Crop Sciences Ltd. and even acquired it in due course.
Objectives of the Issue
- To return surplus funds to the Equity Shareholders.
- To help improve financial ratios like earnings per share and return on equity, by reducing the equity base of the Company.
Bharat Rasayan Buyback Issue Timetable
Offer Opens On | Mar 26, 2021 |
Offer Closes On | Apr 12, 2021 |
Record Date | Mar 5, 2021 |
Last Date for receipt of Tender Forms | Apr 14, 2021 |
Finalisation of Buyback Acceptance | Apr 20, 2021 |
Last Date for settlment of bids | Apr 22, 2021 |
Last Date for Extinguishment of Shares | Apr 29, 2021 |
Bharat Rasayan Buyback Details
Issue Period | Mar 26, 2021 – Apr 12, 2021 |
Security Name | Bharat Rasayan Limited |
Issue Type | Tender Offer |
Issue Size (Shares) | 0.01 Crores |
Issue Size (Amount) | ₹107.49 Crores |
Buyback Price | ₹11500 per share |
Face Value | ₹10 per share |
Listing At | NSE |
Buyback Ratio
Category | Entitlement Ratio of Buyback |
---|---|
Reserved Category for Small Shareholders | 12 Equity Shares out of every 79 fully paid-up Equity Shares held on the Record Date. |
General Category for all other Eligible Shareholders | 19 Equity Shares out of every 994 fully paid-up 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 | 12,318.70 | 9,946.87 | 8,130.16 |
Profit After Tax | 1,576.42 | 1,115.24 | 983.14 |
Net Worth | 5,641.19 | 4,088.07 | 2,982.46 |
Stock Market Data (for preceding 3 months)
NSE
Month | High Price | Low Price | Average Price |
---|---|---|---|
Month | High Price | Low Price | Average Price |
Jan-2021 | 10758 | 9386 | 10207.92 |
Dec-2020 | 10190 | 8700 | 9651.52 |
Nov-2020 | 9900 | 8500 | 9115.15 |
Bharat Rasayan 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: bharatrasayan.buyback@linkintime.co.in
Website: http://www.linkintime.co.in
Company Contact Information
Bharat Rasayan Limited
1501, Vikram Tower,
Rajendra Place,
New Delhi – 110008
Phone: +011-43661111
Email: investors.brl@bharatgroup.co.in
Website: https://www.bharatgroup.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