GNFC Buyback 2023 Record Date, Price, Entitlement Ratio

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GNFC Buyback 2023

GNFC Buyback 2023 description – Established in 1976, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC) stands as a remarkable joint-sector enterprise promoted by the Government of Gujarat and the Gujarat State Fertilizers and Chemicals (GSFC). Strategically located in Bharuch, a thriving industrial region of Gujarat, GNFC operates businesses mainly in Industrial Chemicals and fertilizers apart from the small presence of IT services.

GNFC produces many fertilizers, including urea, ammonium nitro phosphate, calcium ammonium nitrate, and other nitrogenous and phosphatic fertilizers. These fertilizers play a crucial role in promoting agricultural productivity in India.

In addition to fertilizers, Gujarat Narmada Valley Fertilizers and Chemicals is also involved in the production of various chemicals and petrochemicals, such as methanol, formic acid, acetic acid, ethyl acetate, and other chemical intermediates. It has diversified its operations to include various chemical and petrochemical products that serve a range of industries.

Gujarat Narmada Valley Fertilizers & Chemicals Buyback

GNFC Share Buyback 2023 Details

GNFC Buyback DatesComing soon
GNFC Buyback Price INR 770 per share
Market Price on Buyback ApprovalINR 691.45 per share
Buyback Premium on Market Price11.36%
Buyback Offer Size (Shares)84,78,100 shares
Buyback Offer Size (Amount)INR 652.81 crores
Offer TypeTender
Promoter ParticipationYes
Face Value INR 10 per share
Listing AtBSE, NSE

GNFC Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal21 October 2023
Buyback Approval Date8 November 2023
Public Announcement of Buyback10 November 2023
GNFC Buyback Record Date24 November 2023
Buyback Opening DateComing soon
Buyback Closing DateComing soon
Cut-off Date to receive completed tender forms by RegistrarComing soon
Verification Date by the RegistrarComing soon
Return of unaccepted shares by RegistrarComing soon
Extinguishment of accepted sharesComing soon

Gujarat Narmada Valley Fertilizers & Chemicals Buyback 2023 Documents

Letter of Offer
Draft Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback


GNFC Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(less than INR 2 Lakh on record date)
13.45
General category
(for all other Eligible Shareholders)
*Calculated by IPO Central

Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.


Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) Financial Performance

FY 2021FY 2022FY 2023
Revenue5,128.698,642.2910,226.93
Total Expenses4,417.616,553.668,656.61
Net income 689.211,703.751,463.98
Figures in INR Crores unless specified otherwise

Calculation of Investment in Buyback

Maximum market value of a share holder as on record dateINR 2,00,000
Buyback price per shareINR 770
Maximum shares for small shareholder (2,00,000/770)260 shares *
Closing price of stock as on 8 November 2023INR 691.45**
Maximum amount invested in buyback (INR 691.45 x 260 shares)INR 1,79,777
* No. of shares stands to change according to the closing price on record date
** For simplicity, we have considered price on buyback approval date

GNFC Buyback Acceptance Ratio

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %
2603535 (100%)2,749.251.88
2603570 (200%)5,498.53.76
26035105 (300%)8,247.755.64

Registrar of Gujarat Narmada Valley Fertilizers & Chemicals Buyback 2023

KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com


Manager of Gujarat Narmada Valley Fertilizers & Chemicals Buyback 2023

SBI CAPITAL MARKETS LIMITED
1501, 15th Floor, A & B Wing,
Parinee Crescenzo, G Block, Bandra Kurla Complex,
Bandra (East), Mumbai – 400 051, Maharashtra
Tel: +91 22 4006 9807
E-mail: [email protected]
Website: www.sbicaps.com


Process to Participate in GNFC 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 GNFC buyback dates?

GNFC share buyback opens on December 2023 and closes on December 2023.

Which type of buyback is GNFC buyback offer?

GNFC buyback is a tender offer.

What is GNFC buyback price?

GNFC buyback price is INR 770 per share.

What is GNFC buyback record date?

GNFC buyback record date is 24 November 2023.

How to participate in GNFC share buyback?

GNFC share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.

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