Last updated on July 17, 2023
Amrutanjan Buyback 2023 description – Incorporated in 1936, Headquartered in Chennai, Tamil Nadu, Amrutanjan Health Care is one of India’s leading OTC companies, known for combining the natural essence of Ayurveda with modern science to offer products that aid in quick and natural healing. The company first ventured into the pain management space in 1893 with its classic yellow-colored balm that became the go-to medicine for alleviating headaches and pains.
The products of Amrutanjan Health Care are broadly marketed under the following segments:
- Pain Management
- Congestion Management
- Women’s Hygiene
- Beverages
- Other Products
Some of the products of Amrutanjan include New Maha Strong Pain Balm, Roll-on, Stick-on Patch, Relief Cough Syrup, Relief Swas Mint, Comfy Snug Fit, Amrutanjan Stop Pain Dental Gel, Decorn Corn Caps, Fruitnik, Fruitnik Electro+, and so on. These are some of the products offered in the product basket of Amrutanjan Health Care Limited.
Amrutanjan Share Buyback 2023 Details
| Amrutanjan Buyback Dates | 19 – 25 July 2023 |
| Amrutanjan Buyback Price | INR 900 per share |
| Market Price on Buyback Approval | INR 736 per share |
| Buyback Premium on Market Price | 22.28% |
| Buyback Offer Size (Shares) | 3,20,000 shares |
| Buyback Offer Size (Amount) | INR 28.80 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 1 per share |
| Listing At | BSE, NSE |
Amrutanjan Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 26 June 2023 |
| Buyback Approval Date | 30 June 2023 |
| Public Announcement of Buyback | 3 July 2023 |
| Amrutanjan Buyback Record Date | 13 July 2023 |
| Buyback Opening Date | 19 July 2023 |
| Buyback Closing Date | 25 July 2023 |
| Cut-off Date to receive completed tender forms by Registrar | 25 July 2023 |
| Verification Date by the Registrar | 27 July 2023 |
| Return of unaccepted shares by Registrar | 1 Aug 2023 |
| Extinguishment of accepted shares | 10 Aug 2023 |
Amrutanjan Buyback 2023 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Amrutanjan Health Care Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 2/91 | 2.20 |
| General category (for all other Eligible Shareholders) | 2/91 | 2.20 |
Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.
Amrutanjan Health Care Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 332.84 | 405.84 | 379.64 |
| Total Expenses | 258.59 | 326.85 | 335.32 |
| Net income | 61.19 | 67.19 | 39.84 |
Calculation of Investment in Buyback
| Maximum market value of a share holder as on record date | INR 2,00,000 |
| Buyback price per share | INR 900 |
| Maximum shares for small shareholder (2,00,000/900) | 223 shares * |
| Closing price of stock as on 30 June 2023 | INR 736** |
| Maximum amount invested in buyback (INR 736 x 223 shares) | INR 1,64,128 |
** For simplicity, we have considered price on buyback approval date
Amrutanjan Health Care Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 223 | 5 | 5 (100%) | 820 | 0.50 |
| 223 | 5 | 10 (200%) | 1,640 | 1.00 |
| 223 | 5 | 15 (300%) | 2,460 | 1.50 |
Registrar of Amrutanjan Health Care Buyback 2023
CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”,
#1, Club House Road,
Chennai – 600 002, Tamil Nadu
Phone: +91 44 4002 0700/ 4002 0741 / 4002 0706
Email: [email protected]
Website: buyback.cameoindia.com/amrutanjan
Manager of Amrutanjan Health Care Buyback 2023
SAFFRON CAPITAL ADVISORS PRIVATE LIMITED
605, SiXlh Floor, Centre Pont, Andheri-Kura Road,
J. B. Nagar, Andheri (East), Mumbai – 4 00 059, Maharashtra
Phone: +91 22 49730394
Email: [email protected]
Website: www.saffronadvisor.com
Process to Participate in Amrutanjan Health Care Buyback
All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stockbroker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.
The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.
The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.
Frequently Asked Questions
What are Amrutanjan buyback dates?
Amrutanjan Health Care share buyback opens on 19 July 2023 and closes on 25 July 2023.
Which type of is Amrutanjan buyback offer?
Amrutanjan Health Care buyback is a tender offer.
What is Amrutanjan buyback price?
Amrutanjan buyback price is INR 900 per share.
What is Amrutanjan buyback record date?
Amrutanjan buyback record date is 13 July 2023.
How to participate in Amrutanjan Health Care share buyback?
Amrutanjan Health Care share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
