Granules Buyback 2022 description – The company is engaged in manufacturing and selling Formulation Intermediates, Active Pharmaceutical Ingredients, Pharmaceutical Formulation Intermediates, Oncology, High Potent APIs, Finished Dosage Forms. The last reported AGM (Annual General Meeting) of Granules India Limited, as per records, was held on 27 July, 2022. Also, as per records, its last balance sheet was prepared for the period ending on 31 March, 2022.
The company is incorporated on 18 March, 1991 as a public limited company and is located in Hyderabad, Telangana. It’s authorized share capital is INR 50.50 cr and the total paid-up capital is INR 24.83 cr. It’s operating revenues range is Over INR 500 cr for the financial year ending on 31 March, 2021. It’s EBITDA has increased by 74.32 % over the previous year. At the same time, it’s book networth has increased by 19.38%.
Granules Buyback 2022 Details
| Buyback Dates | 27 Sep – 11 Oct 2022 |
| Granules Buyback Price | INR400 per share |
| Buyback Offer Size (Shares) | 62,50,000 shares |
| Buyback offer as % of total shares | 2.52% |
| Buyback Offer Size (Amount) | INR250 crore |
| Offer Type | Tender |
| Promoter Participation | NA |
| Face Value | INR1 per share |
| Listing At | BSE, NSE |
Granules Buyback Dates (Timeline)
| Board Meeting for Buyback Proposal | 9 August 2022 |
| Buyback Approval Date | 9 August 2022 |
| Public Announcement of Buyback | 11 August 2022 |
| Granules Buyback Record Date | 23 August 2022 |
| Buyback Opening Date | 27 September 2022 |
| Buyback Closing Date | 11 October 2022 |
| Cut-off Date to receive completed tender forms by Registrar | 11 October 2022 |
| Verification Date by the Registrar | 11 October 2022 |
| Return of unaccepted shares by Registrar | 20 October 2022 |
| Extinguishment of accepted shares | 25 October 2022 |
Granules Buyback 2022 Documents
Offer Letter
Draft Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Granules Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR2 Lakh on record date) | 1/20 | 5.00 |
| General category (for all other Eligible Shareholders) | 19/821 | 2.31 |
Small Shareholder is defined as shareholder who holds shares worth less than INR2,00,000 as on record date.
Granules’ Financial Performance
| FY2020 | FY2021 | FY2022 | |
| Total Income | 2,336.39 | 3,148.71 | 3,255.95 |
| Total Expenses | 1,681.54 | 2,297.38 | 2,610.14 |
| Net income | 444.07 | 552.78 | 386.52 |
Calculation of Investment in Buyback
| Maximum market value of a share holder as on record date | INR 2,00,000 |
| Buyback price per share | INR400 |
| Maximum shares for small shareholder (2,00,000/400) | 500 shares* |
| Opening price of stock as on 10 August 2022 | INR320.85** |
| Maximum amount invested in buyback (500 shares) | INR160,425 |
** For simplicity, we have considered price on buyback approval date
Granules Buyback Profit Guidance
| Shares Tendered | Buyback Entitlement | Acceptance Ratio | Buyback Profit | Profit in % |
| 500 | 25 | 25 (100%) | 1,979 | 1.23 |
| 500 | 25 | 50 (200%) | 3,958 | 2.47 |
| 500 | 25 | 75 (300%) | 5,936 | 3.70 |
Registrar of Granules Buyback 2022
Kfin Technologies Private Limited
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Phone:Â +91 40 6716 2222
E-mail:Â [email protected]
Website:Â www.kfintech.com
Manager of Granules Buyback 2022
Motilal Oswal Investment Advisors Limited
Motilal Oswal Tower,
Rahimtullah Sayani Road, Opposite Parel ST Depot,
Prabhadevi, Mumbai- 400 025, Maharashtra
Phone: 22 7193 4380
Email: [email protected]
Website: www.motilaloswalgroup.com
Process to Participate in Granules 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 Granules share buyback offer open?
Granules share buyback opens on 27 September 2022 and closes on 11 October 2022.
Which type of buyback is Granules buyback offer?
Granules buyback is a tender offer.
What is the Granules buyback price?
Granules buyback price is INR400 per share.
What is the Granules buyback record date?
Granules buyback record date is 23 August 2022.
