Insecticides India Buyback Record Date is 11 September 2024.Â
Insecticides (India) is a prominent player in the Indian agrochemical industry, incorporated in 1996 and headquartered in New Delhi. The company manufactures, markets, and distributes a wide range of pesticides, including insecticides, fungicides, herbicides, and plant growth regulators.
Insecticides India has a strong presence across India, with a network of over 7,000 distributors and dealers, and a robust marketing team of more than 1,500 professionals. The company operates three state-of-the-art manufacturing facilities located in Rajasthan, Gujarat, and Jammu & Kashmir, with a combined production capacity of over 45,000 metric tons per annum. The company’s product portfolio includes both branded and generic products, catering to the needs of farmers across various crops, including cotton, rice, wheat, and vegetables.
Insecticides India Buyback Record Date, Other Details
| Insecticides India Buyback Dates | 17 – 24 September 2024 |
| Insecticides India Buyback Price | INR 1,000 per share |
| Market Price on Buyback Approval | INR 941 per share |
| Buyback Premium on Market Price | 6.27% |
| Buyback Offer Size (Shares) | 5,00,000 shares |
| Buyback Offer Size (Amount) | INR 50 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE, NSE |
Insecticides India Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 27 August 2024 |
| Buyback Approval Date | 30 August 2024 |
| Public Announcement of Buyback | 3 September 2024 |
| Insecticides India Buyback Record Date | 11 September 2024 |
| Buyback Opening Date | 17 September 2024 |
| Buyback Closing Date | 24 September 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 24 September 2024 |
| Verification Date by the Registrar | 26 September 2024 |
| Return of unaccepted shares by Registrar | 1 October 2024 |
| Extinguishment of accepted shares | 11 October 2024 |
Insecticides India Buyback 2024 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Insecticides India Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 7/81 | 8.64 |
| General category (for all other Eligible Shareholders) | 5/338 | 1.48 |
A small shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.
Insecticides India Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Total Income | 1,503.96 | 1,801.33 | 1,966.39 |
| Total Expenses | 1,340.92 | 1,692.88 | 1,814.06 |
| Net Income | 107.02 | 62.99 | 102.63 |
Calculation of Investment in Buyback
| Maximum market value of a shareholder as on record date | INR 2,00,000 |
| Buyback price per share | INR 1,000 |
| Maximum shares for small shareholders (2,00,000/1,000) | 200 shares * |
| The closing price of the stock as of 30 August 2024 | INR 941** |
| Maximum amount invested in buyback (INR 941 x 200 shares) | INR 1,88,200 |
**Â For simplicity, we have considered the price on the buyback approval date
Insecticides India Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 200 | 18 | 18 (100%) | 1,062 | 0.56 |
| 200 | 18 | 36 (200%) | 2,124 | 1.13 |
| 200 | 18 | 54 (300%) | 3,186 | 1.69 |
Registrar of Insecticides India Buyback 2024
ALANKIT ASSIGNMENTS LIMITED
4E/21, Alankit House, Jhandewalan
Extension, New Delhi – 110055
Phone: +91-11- 42541966/958
E-mail:Â [email protected]
Website:Â www.alankit.com
Manager of Insecticides India Buyback 2024
SUNDAE CAPITAL ADVISORS PRIVATE LIMITED
404, 4th floor, Vaibhav Chambers, Opp. Income Tax Office,
Bandra Kurla Complex Bandra (East), Mumbai – 400051
Phone:Â +91 22 3501 4499
Email:Â [email protected]
Website:Â www.sundaecapital.com
The Process to Participate in Insecticides India 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 Insecticides India’s buyback dates?
Insecticides India share buyback opens on 17 September 2024 and closes on 24 September 2024.
Which type of buyback is Insecticides India buyback offer?
Insecticides India buyback is a tender offer.
What is Insecticides India’s buyback price?
Insecticides India’s share buyback price is INR 1,000 per share.
What is the Insecticides India buyback record date?
Insecticides India buyback record date is 11 September 2024.
How to participate in Insecticides India share buyback?
Insecticides India share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
