Insecticides (india) Ltd. Buyback
Insecticides (India) Buyback 2024
Tender Offer
₹1,000.00
Buyback price per shareAbout Insecticides (india) Ltd. Buyback
Insecticides India Limited (IILTD) is engaged in the manufacturing and supply of crop protection and household pesticide formulations.
The product range includes more than 80 types of insecticides, fungicides, weed killers, herbicides, and plant growth regulators for all types of crops as well as household pesticides. The best-selling insecticide brands are Lethal, Victor, Thimet, Indan 4g, and Kaiser.
Insecticides (india) Ltd. Buyback Details
Security Name
Insecticides (india) Ltd.Buyback Price
₹1,000.00Face Value
₹10.00Listing at Group
BSE,NSELead Manager
Sundae Capital AdvisorsBuyback Docs
Letter Of OfferIssue Size
500,000 (1.69 % of Total number of equity Shares)Insecticides (India) Buyback 2024 Issue Timetable
| Last Date to buy shares | Record Date | Offer Opens On | Offer Closes On * |
| Sep 10, 2024 | Sep 11, 2024 | Sep 18, 2024 | Sep 24, 2024 |
| Last Date for receipt of Tender Forms | Finalisation of Buyback Acceptance | Last Date for settlement of bids | Last Date for Extinguishment of Shares |
| Sep 24, 2024 | Sep 27, 2024 | Oct 1, 2024 | Oct 11, 2024 |
Insecticides (india) Ltd. Buyback Ratio
| Category | Entitlement Ratio of Buyback | Shares Offered |
| Reserved Category for Small Shareholders | 7/81 | 75000 |
| General Category for all other Eligible Shareholders | 5/331 | 425000 |
Company Financials All values are in ₹ Cr.
| Period Ended | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
|---|---|---|---|
| Total Revenue | 1,975.89 | 1,802.59 | -- |
| Total Borrowing | -- | -- | -- |
| Reserves And Surplus | -- | -- | -- |
| Profit After Tax | 102.63 | 62.99 | -- |
| Total Assets | 1,709.76 | 1,693.68 | -- |
| Net Worth | -- | -- | -- |
How to Participate in Insecticides (india) Ltd. Buyback?
1. Firstly, to be eligible for the buyback the investor should have shares of Insecticides (india) Ltd. Buyback in Demat or physical form as on the record date Sep 11, 2024.
2. Once you have shares in Demat, you can participate in the buyback process which is opening from Sep 18, 2024 by selling your shares through your broker on BSE,NSE.
3. Then on Oct 11, 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 Insecticides (india) Ltd. Buyback
Maximum market value of a share holder as on record date | ₹200,000.00 |
Buyback price per share | ₹1,000.00 |
Maximum share for small shareholders (200000/ 1000) | 200.00 share |
Closing price of stock as of 2024-08-30 | ₹941.01 |
Maximum amount insted in buyback (₹941.01 x 200 shares) | ₹188,202.00 |
* 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 30, 2024
Expected Profit from the Insecticides (india) Ltd. Buyback on the bases of acceptance Ratio:
Acceptance Ratio | 33% | 50% | 75% | 100% |
Amount Invested in Buyback | ₹188,202.00 | ₹188,202.00 | ₹188,202.00 | ₹188,202.00 |
No. of Shares Buyback | 66 | 100 | 150 | 200 |
Buyback Profit | 3893 | 5899 | 8848 | 11798 |
Profit% | 2.07% | 3.13% | 4.70% | 6.27% |
Insecticides (india) Ltd. Buyback - Necessity of the Objective
The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding.
The buyback consists of a reservation for the small shareholder. The company believes that this reservation for small shareholders would benefit many public shareholders who would be classified as small shareholders.
The buyback may help in improving financial ratios like return on equity, by reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer.
Insecticides (india) Ltd. Buyback
404-402, Lusa Tower,Azadpur Commercial Complex,, Delhi - 110033Email: investor@insecticidesindia.com
Phone: +911127679700
Website: https://insecticidesindia.in/
Alankit Assignments Ltd
Email: iiil.buyback@alankit.com
Phone: (011) 4254 1234
Website: http://ipo.alankit.com/
