Insecticides India Buyback will open for subscription from 12 April 2021. The company aims for an issue size of ₹60 Crores this buyback issue.
Insecticides (India) Limited
Insecticides (India) Limited was incorporated in December 1996. The Company manufactures Agro-Chemicals, Pesticides, and Technical Products for agriculture purposes. Their products include insecticides, fungicides, herbicides, and biological products to improve the soil quality. Insecticides (India) Limited’s state-of-the-art formulation and technical synthesis plants have steered Indian farmers to improve their products’ quality with new age science and products. The Company caters to both domestic and international markets.
Objects of the Issue
- Improve return on equity.
- Return surplus funds to the shareholders.
- Improve earnings per share by reducing the equity base.
Insecticides India Buyback Detail
| Issue Period | Apr 12, 2021 – Oct 11, 2021 |
| Security Name | Insecticides (India) Limited |
| Issue Type | Open Market Through Stock Exchange |
| Issue Size (Amount) | ₹60.00 Crores |
| Buyback Price | ₹575 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
Company Financials
| Particulars | For the year/period ended (Rs. in Lakhs) | ||
|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Income | 136,578.51 | 119,425.31 | 110,963.53 |
| Profit After Tax | 8,604.06 | 12,240.67 | 8,397.36 |
| Net Worth | 73,225.47 | 66,143.27 | 54,387.14 |
Stock Market Data (for preceding 3 months)
BSE
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Mar-2021 | 508 | 405 | 457.06 |
| Feb-2021 | 536.8 | 440 | 474.25 |
| Jan-2021 | 522.35 | 421.5 | 481.37 |
NSE
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Month | High Price | Low Price | Average Price |
| Mar-2021 | 509.5 | 405.1 | 456.75 |
| Feb-2021 | 537.85 | 450.15 | 474.36 |
| Jan-2021 | 523 | 449.6 | 481.26 |
Insecticides India Buyback Registrar
Alankit Assignments Ltd
Alankit House 2E/21,
Jhandewalan Extension,
New Delhi – 110055
Phone: (011) 4254 1234
Email: rameshk1@alankit.com
Website: https://www.alankit.com/
Company Contact Information
Insecticides (India) Limited
401-402, Lusa Tower,
Azadpur Commercial Complex,
Delhi -110033
Phone: +91-11-27679700
Email: investor@insecticidesindia.com
Website: https://www.insecticidesindia.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