Atul Buyback 2023 description – Atul is a diversified and integrated Indian chemical company (a part of Lalbhai Group, Gujarat). The company’s products are used in various industries and categorized under two segments, Life Science Chemicals, and Performance and Other Chemicals.
Since its incorporation, the company has manufactured many products for the first time in India Dyes including VAT dyes, crop care chemicals, Phosgene, Carbamite, 2,4-D Acid, para Cresol, and tissue culture-raised date palms. Atul is an improvement-driven, integrated chemical company serving about 4,000 customers belonging to 30 industries across the world.
Atul has manufacturing facilities located at Ankleshwar and Valsad in Gujarat & Tarapur in Maharashtra, with its main site spread across ~1,500 acres. It is working with ~2,000 distributors and 38,000 retailers to expand the reach of its products and brands across India and outside.
Atul Share Buyback 2023 Details
| Atul Buyback Dates | 21 Nov – 1 Jan 2024 |
| Atul Buyback Maximum Price | INR 7,500 per share |
| Market Price on Buyback Approval | INR 6,700 per share |
| Buyback Premium on Market Price | 11.94% |
| Buyback Offer Size (Minimum Shares) | 66,666 shares |
| Buyback Offer Size (Maximum Amount) | INR 50 crore |
| Offer Type | Open Market (Stock Exchange) |
| Promoter Participation | No |
| Face Value | INR 10 per share |
| Listing At | BSE, NSE |
Buyback Closure Details
| Buyback Average Price | INR 6,934.70 per share |
| Buyback Offer Size (Shares) | 72,000 shares |
| Buyback Offer Size (Amount) | INR 49.93 crore |
Atul Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 2 November 2023 |
| Buyback Approval Date | 7 November 2023 |
| Public Announcement of Buyback | 9 November 2023 |
| Buyback Record Date | NA |
| Buyback Opening Date | 21 November 2023 |
| Buyback Closing Date | 1 January 2024 |
Atul Buyback 2023 Documents
Completion of Buyback
Public Announcement
Board Approval
Upcoming Share Buyback
Atul Share Buyback Entitlement Ratio
There is no shareholder entitlement since the buyback will be conducted through open market purchases.
Atul Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 3,731.47 | 5,080.89 | 5,427.52 |
| Total Expenses | 2,960.02 | 4,355.31 | 4,858.38 |
| Net income | 660.02 | 604.74 | 506.63 |
Registrar of Atul Buyback 2023
LINK INTIME INDIA PRIVATE LIMITED
506 – 508 Amarnath Bussiness Centre – 1,
Umashankar Joshi Marg, off C G Road
Ahmedabad 380006, Gujarat
Telephone:Â (+9179) 26465179/86/87
Email:Â [email protected]
Website:Â www.linkintime.co.in
Manager of Atul Buyback 2023
VIVRO FINANCIAL SERVICES PRIVATE LIMITED
607/608 Marathon Icon, Opp. Peninsula Corporate Park,
off. Ganpatrao Kadam Marg, Veer Santaji Lane,
Lower Parel, Mumbai – 400 013
Phone: +91 22 6666 8040
Email:Â [email protected]
Website: www.vivro.net
Process to Participate in Atul Buyback
Buybacks are conducted either through a tender process or an open market (stock exchanges).
Through Tender Process
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.
Through Open Market (Stock Exchanges)
Investor shareholders don’t have to do anything as the company purchases shares through the open market at the prevailing rates and cancels the shares. Since the shares in circulation are reduced by these operations, the fair value of the remaining shares increases, effectively making them more valuable.
Frequently Asked Questions
What are Atul buyback dates?
Atul share buyback opens on 21 November 2023 and closes on 1 January 2024.
Which type of buyback is Atul buyback offer?
Atul buyback is an open market offer.
What is Atul buyback price?
Atul buyback price is INR 7,500 per share.
What is Atul buyback record date?
Atul buyback record date is Not Applicable.
How to participate in Atul share buyback?
Atul share buyback will be conducted through open market purchases and thus, no special participation is required from investors.
