JB Chemicals Buyback description – JB Chemicals & Pharmaceuticals Ltd (JBCPL) is one of the fastest growing pharmaceutical companies in India. An integrated, research-oriented, public listed organisation with a focus on supplying affordable, quality products both in India and International markets, the company exports to over 30 countries across the world and earns more than half its revenue from its international business.
JBCPL has its headquarters in Mumbai and employs a domestic sales force of 1,000 people. It operates 17 internationally approved state of the art manufacturing units, a Research and Development Centre, and subsidiaries abroad.
| JB Chemicals Buyback details | |
| Buyback Dates | 16 – 30 December 2019 |
| Buyback Price | INR440 per share |
| Buyback Offer Amount | 29,54,545 shares (INR130 crore) |
| Offer Size (in %) | 3.68% of outstanding shares |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Share Capital + Reserves | INR1,385.64 crore |
| Small Shareholder Reservation | 15% |
| Face Value | INR2 per share |
JB Chemicals Buyback Timeline
Particulars | Date |
| Board Meeting for Buyback Proposal | 12 November 2019 |
| Buyback Approval Date | 12 November 2019 |
| Public Announcement of Buyback | 14 November 2019 |
| Buyback Record Date | 22 November 2019 |
| Buyback Opening Date | 16 December 2019 |
| Buyback Closing Date | 30 December 2019 |
| Cut-off Date to receive completed tender forms by Registrar | 7 January 2020 |
| Verification Date by the Registrar | 7 January 2020 |
| Return of unaccepted shares by Registrar | 8 January 2020 |
| Extinguishment of accepted shares | 15 January 2020 |
Registrar of JB Chemicals Buyback 2019
Link Intime India Private LimitedC-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083 Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: http://www.linkintime.co.in
Manager of JB Chemicals Buyback 2019
Vivro Financial Services Private Limited607, 608 Marathon Icon
Opp. Peninsula Corporate Park, Off Ganpatrao Kadam Marg
Veer Santaji Lane, Lower Parel, Mumbai – 400 013 Phone: +91 22 6666 8040
Email: [email protected]
Website: www.vivro.net
JB Chemicals Buyback 2019 Documents
Letter of Offer
JB Chemicals Buyback Ratio (Entitlement Ratio)
| Shareholder Category | Buyback Ratio/Entitlement Ratio | Buyback Ratio (in %) |
| Reserved Category (Shares worth up to INR2,00,000 as on record date) | 5/42 | 11.90 |
| General Category (Other shareholders) | 2/61 | 3.28 |
Potential profit from JB Chemicals Buyback
The following table outlines how much you can gain at different acceptance ratios. The calculations are based on the closing price of INR396.40 per share as of 15 November 2019 and on the assumption that a maximum amount of INR2,00,000 is invested in buying shares.
Actual entitlement ratio will be disclosed by the company at a later stage.
| Acceptance ratio | 20% | 30% | 40% | 50% |
| Maximum shares in buyback | 504 | 504 | 504 | 504 |
| Investment amount | 1,99,786 | 1,99,786 | 1,99,786 | 1,99,786 |
| Shares accepted | 100 | 151 | 201 | 252 |
| Profit in buyback | 4,360 | 6,584 | 8,764 | 10,987 |
| Profit in % | 2.2% | 3.3% | 4.4% | 5.5% |