Atul Buyback 2023 Record Date, Buyback Price, Entitlement Ratio

Atul Buyback 2023

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 Buyback

Atul Share Buyback 2023 Details

Atul Buyback Dates21 Nov – 1 Jan 2024
Atul Buyback Maximum Price INR 7,500 per share
Market Price on Buyback ApprovalINR 6,700 per share
Buyback Premium on Market Price11.94%
Buyback Offer Size (Minimum Shares)66,666 shares
Buyback Offer Size (Maximum Amount)INR 50 crore
Offer TypeOpen Market (Stock Exchange)
Promoter ParticipationNo
Face Value INR 10 per share
Listing AtBSE, NSE

Buyback Closure Details

Buyback Average PriceINR 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 Proposal2 November 2023
Buyback Approval Date7 November 2023
Public Announcement of Buyback9 November 2023
Buyback Record DateNA
Buyback Opening Date21 November 2023
Buyback Closing Date1 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 2021FY 2022FY 2023
Total Expenses2,960.024,355.314,858.38
Net income 660.02604.74506.63
Figures in INR Crores unless specified otherwise

Registrar of Atul Buyback 2023

506 – 508 Amarnath Bussiness Centre – 1,
Umashankar Joshi Marg, off C G Road
Ahmedabad 380006, Gujarat
Telephone: (+9179) 26465179/86/87
Email: [email protected]

Manager of Atul Buyback 2023

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[email protected]

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.


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