Dhanuka Agritech Buyback 2022 description – The company is one of India’s leading agro-chemical Company. It is listed with the Bombay Stock Exchange and the National Stock Exchange of India.
It has a PAN-India presence through its marketing offices in all major states across India. The company has 3 manufacturing units with 39 warehouses and a network of over 8 branch offices across the Indian geography caters to 6,500 Distributors & around 75,000 Dealers.
Its workforce of more than 1,000 techno-commercial staff, supported by a strong R&D division and a robust distribution network helps Dhanuka to reach out to approximately 10 million Indian farmers with its products and services.
Dhanuka Agritech Share Buyback 2022 Details
| Buyback Dates | 26 December 2022 – 06 January 2023 |
| Dhanuka Agritech Buyback Price | INR 850 per share |
| Buyback Offer Size (Shares) | 10,00,000 shares |
| Buyback offer as % of total shares | 2.15% |
| Buyback Offer Size (Amount) | INR 85 Crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 2 per share |
| Listing At | BSE, NSE |
Dhanuka Agritech Buyback Dates (Timeline)
| Board Meeting for Buyback Proposal | 01 November 2022 |
| Buyback Approval Date | 01 November2022 |
| Public Announcement of Buyback | 03 November 2022 |
| Dhanuka Agritech Buyback Record Date | 18 November 2022 |
| Buyback Opening Date | 26 December 2022 |
| Buyback Closing Date | 06 January 2023 |
| Cut-off Date to receive completed tender forms by Registrar | 09 January 2023 |
| Verification Date by the Registrar | 16 January 2023 |
| Return of unaccepted shares by Registrar | 17 January 2023 |
| Extinguishment of accepted shares | 24 January 2023 |
Dhanuka Agritech Buyback 2022 Documents
Offer Letter
Draft Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Dhanuka Agritech Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (shares less than INR 2 Lakh) | 4.86* | |
| General category (for all other Eligible Shareholders) |
Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.
Dhanuka Agritech Ltd’s Financial Performance
| FY 2020 | FY 2021 | FY 2022 | |
| Total Income | 1,145.16 | 1,421.17 | 1,511.36 |
| Total Expenses | 948.16 | 1,121.06 | 1,217.60 |
| Net income | 141.47 | 210.56 | 208.78 |
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 850 |
| Maximum shares for small shareholder (2,00,000/850) | 236 shares* |
| Closing price of stock as on 01 November 2022 | INR 730.05** |
| Maximum amount invested in buyback (INR 730.05 x 236 shares) | INR 1,72,292 |
** For simplicity, we have considered price on buyback approval date
Dhanuka Agritech Buyback Profit Guidance
| Shares Tendered | Buyback Entitlement | Acceptance | Buyback Profit | Profit in % |
| 236 | 12 | 12 (100%) | 1,439.4 | 0.84 |
| 236 | 12 | 24 (200%) | 2,878.8 | 1.67 |
| 236 | 12 | 36 (300%) | 4,318.2 | 2.51 |
Registrar of Dhanuka Agritech Buyback 2022
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093, Maharashtra
Phone: +Â 91 22 6263 8200
Email:Â [email protected]
Website: www.bigshareonline.com
Manager of Dhanuka Agritech Buyback 2022
SUNDAE CAPITAL ADVISORS PRIVATE LIMITED
Level 11, Platina, Plot No C-59,
‘G’ Block, Bandra Kurla Complex,
Bandra (East) Mumbai – 400 051
Tel. No.: +91 22 6884 1336
Email: [email protected]
Website: www.sundaecapital.com
Process to Participate in Dhanuka Agritech 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 stock broker. 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
When does Dhanuka Agritech share buyback offer open?
Dhanuka Agritech share buyback opens on 26 December 2022 and closes on 06 January 2023.
Which type of buyback is Dhanuka Agritech buyback offer?
Dhanuka Agritech buyback is a tender offer.
What is Dhanuka Agritech buyback price?
Dhanuka Agritech buyback price is INR 850 per share.
What is Dhanuka Agritech buyback record date?
Dhanuka Agritech buyback record date is 18 November 2022.
