Last updated on September 15, 2023
FDC Buyback 2023 description – FDC (Fairdeal Corporation) founded in 1936 is among India’s leading fully integrated pharmaceutical companies. The company is a pioneer in the production of specialized formulations and among the world’s foremost manufacturers and marketers of Oral Rehydration Salts (ORS). Some of FDC’s leading brands in India include Zifi, Electral, Enerzal, Vitcofol, Pyrimon, Zocon, Zathrin, Zipod, Cotaryl, and Mycoderm in the domestic and international markets.
The company has manufacturing facilities across India that cater to domestic and international markets. Its plants in Roha, Waluj, Goa, Sinnar, and Baddi follow state-of-the-art manufacturing processes and technologies and are approved by global authorities such as the US FDA, WHO, and UKMHRA, among others.
The company offers a wide range of products which includes :
- Active Pharmaceutical Ingredients (APIs)
- Formulations
- Functional Foods
FDC Share Buyback 2023 Details
| FDC Buyback Dates | 31 Aug – 6 Sep 2023 |
| FDC Buyback Price | INR 500 per share |
| Market Price on Buyback Approval | INR 373.8 per share |
| Buyback Premium on Market Price | 33.76% |
| Buyback Offer Size (Shares) | 31,00,000 shares |
| Buyback Offer Size (Amount) | INR 155 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 1 per share |
| Listing At | BSE, NSE |
FDC Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 3 August 2023 |
| Buyback Approval Date | 9 August 2023 |
| Public Announcement of Buyback | 11 August 2023 |
| FDC Buyback Record Date | 25 August 2023 |
| Buyback Opening Date | 31 August 2023 |
| Buyback Closing Date | 6 September 2023 |
| Cut-off Date to receive completed tender forms by Registrar | 8 September 2023 |
| Verification Date by the Registrar | 8 September 2023 |
| Return of unaccepted shares by Registrar | 13 September 2023 |
| Extinguishment of accepted shares | 25 September 2023 |
FDC Buyback 2023 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
FDC Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 12/131 | 9.16 |
| General category (for all other Eligible Shareholders) | 1/61 | 1.64 |
Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.
FDC Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 1,331 | 1,525 | 1,784 |
| Total Expenses | 997 | 1,271 | 1,533 |
| Net income | 301 | 216 | 194 |
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 500 |
| Maximum shares for small shareholder (2,00,000/500) | 400 shares * |
| Closing price of stock as on 9 August 2023 | INR 373.8** |
| Maximum amount invested in buyback (INR 373.8 x 400 shares) | INR 149,520 |
** For simplicity, we have considered price on buyback approval date
FDC Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 400 | 37 | 37(100%) | 4,669.4 | 3.12 |
| 400 | 37 | 74(200%) | 9,338.8 | 6.25 |
| 400 | 37 | 111(300%) | 14,008.2 | 9.37 |
Registrar of FDC Buyback 2023
LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, 1st Floor, L.B.S. Marg,
Vikhroli West, Mumbai, 400 083, Maharashtra
Phone:Â +91 8108114949
Email:Â [email protected]
Website:Â www.linkintime.com
Manager of FDC Buyback 2023
SUNDAE CAPITAL ADVISORS PRIVATE LIMITED
404, 4th floor, Vaibhav Chambers, Opp. Income Tax Office,
Bandra Kurla Complex Bandra (East), Mumbai – 400051
Phone:Â +91 9667859191
Email:Â [email protected]
Website:Â www.sundaecapital.com
The process to Participate in 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 FDC buyback dates?
FDC share buyback opens on 31 August 2023 and closes on 6 September 2023.
Which type of is FDC buyback offer?
FDC buyback is a tender offer.
What is the FDC buyback price?
FDC buyback price is INR 500 per share.
What is the FDC buyback record date?
FDC buyback record date is 25 August 2023.
How to participate in FDC share buyback?
FDC share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
