JB Chemicals Buyback 2019

JB Chemicals Buyback 2019

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



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 Limited
C-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 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: [email protected]
Website: www.vivro.net
JB Chemicals Buyback 2019 Documents 

Public Announcement 

Draft Letter of Offer 

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%


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