Dhanuka Agritech Limited Buyback
Dhanuka Agritech Buyback 2024
Tender Offer
₹2,000.00
Buyback price per shareAbout Dhanuka Agritech Limited Buyback
Dhanuka Agritech Limited is 1 of India's leading agrochemical companies.Dhanuka Agritech is present in all major states of India through its sales offices. The company has 321 registrations including herbicides, insecticides, fungicides, plant growth regulators/bio-stimulants and over 330 active SKUs.
The company has three manufacturing facilities in Rajasthan, Gujarat and J&K with 39 warehouses and a network of more than eight branches across India catering to 6500 distributors and around 75,000 dealers.
With more than 1000 technical and commercial employees, a strong research and development department and a robust distribution network, Dhanuka reaches around 10 million Indian farmers with its products and services.
Dhanuka was awarded the Company of the Year (Agrochemicals Category) by the Federation of Indian Chambers of Commerce and Industry (FICCI) at the 10th biennial international exhibition and conference India Chem 2018 and has received numerous awards and recognitions from time to time.
Dhanuka Agritech Limited Buyback Details
Security Name
Dhanuka Agritech LimitedBuyback Price
₹2,000.00Face Value
₹2.00Listing at Group
BSE, NSELead Manager
Sundae Capital AdvisorsBuyback Docs
Letter Of OfferIssue Size
500,000 (1.1 % of Total number of equity Shares)Dhanuka Agritech Buyback 2024 Issue Timetable
| Last Date to buy shares | Record Date | Offer Opens On | Offer Closes On * |
| Aug 14, 2024 | Aug 16, 2024 | Aug 22, 2024 | Aug 28, 2024 |
| Last Date for receipt of Tender Forms | Finalisation of Buyback Acceptance | Last Date for settlement of bids | Last Date for Extinguishment of Shares |
| Aug 28, 2024 | Sep 3, 2024 | Sep 4, 2024 | Sep 13, 2024 |
Dhanuka Agritech Limited Buyback Ratio
| Category | Entitlement Ratio of Buyback | Shares Offered |
| Reserved Category for Small Shareholders | / | |
| General Category for all other Eligible Shareholders | / |
Company Financials All values are in ₹ Cr.
| Period Ended | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
|---|---|---|---|
| Total Borrowing | -- | -- | -- |
| Reserves And Surplus | -- | -- | -- |
| Net Worth | -- | -- | -- |
| Total Assets | 1,793.50 | -- | -- |
| Total Revenue | -- | -- | -- |
| Profit After Tax | 239.09 | -- | -- |
How to Participate in Dhanuka Agritech Limited Buyback?
1. Firstly, to be eligible for the buyback the investor should have shares of Dhanuka Agritech Limited Buyback in Demat or physical form as on the record date Aug 16, 2024.
2. Once you have shares in Demat, you can participate in the buyback process which is opening from Aug 22, 2024 by selling your shares through your broker on BSE, NSE.
3. Then on Sep 13, 2024, the payment will be given to you for accepted shares and unaccepted shares will be returned to your Demat account.
Calculation of Investment in Dhanuka Agritech Limited Buyback
Maximum market value of a share holder as on record date | ₹200,000.00 |
Buyback price per share | ₹2,000.00 |
Maximum share for small shareholders (200000/ 2000) | 100.00 share |
Closing price of stock as of 2024-08-02 | ₹1,819.15 |
Maximum amount insted in buyback (₹1,819.15 x 100 shares) | ₹181,915.00 |
* No. of shares stands to change according to the closing price on the record date
* For simplicity, we have considered the price on date Aug 2, 2024
Expected Profit from the Dhanuka Agritech Limited Buyback on the bases of acceptance Ratio:
Acceptance Ratio | 33% | 50% | 75% | 100% |
Amount Invested in Buyback | ₹181,915.00 | ₹181,915.00 | ₹181,915.00 | ₹181,915.00 |
No. of Shares Buyback | 33 | 50 | 75 | 100 |
Buyback Profit | 5968 | 9042 | 13563 | 18084 |
Profit% | 3.28% | 4.97% | 7.46% | 9.94% |
Dhanuka Agritech Limited Buyback - Necessity of the Objective
The buyback will help the company to return the surplus cash to its shareholders holding equity shares.
The buyback is expected to improve return on equity through the distribution of cash and improve earnings per share by reducing the equity base; thereby increasing in long-term increase in shareholder value.
The buyback gives an option to the shareholders holding equity shares of the company, either to sell their equity shares and receive cash or not to sell their equity shares and get a resultant increase in their percentage shareholding, post the buyback offer, without additional investment.
The buyback, which is being implemented through the tender offer as prescribed under the buyback regulations, would involve a minimum reservation of 15% for small shareholders and allocation of a higher number of shares as per their entitlement or 15% of the number of shares to be bought back, reserved for the small shareholders. The company believes that this reservation for small shareholders would benefit a large number of public shareholders, who would be classified as small shareholders.
Dhanuka Agritech Limited Buyback
Global Gateway Towers, Near Guru Dronacharya Metro Station, MG Road, Gurugram - 122002Email: headoffice@dhanuka.com
Phone: +91-124-434-5000
Website: http://www.dhanuka.com/
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Email: ipo@bigshareonline.com
Phone: +91-22-6263 8200
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