Dhanuka Agritech Limited Buyback
Dhanuka Agritech Buyback 2024
Tender Offer
₹2,000.00
Buyback price per share14 Aug, 2024
Last Date to buy shares16 Aug, 2024
Record Date22 Aug, 2024
Offer Opens28 Aug, 2024
Offer Closes28 Aug, 2024
Last Date for Tender Forms03 Sep, 2024
Finalisation of Buyback Acceptance04 Sep, 2024
Last Date for settlement of bids13 Sep, 2024
Last Date for Extinguishment of SharesAbout Dhanuka Agritech Limited Buyback Company
Dhanuka Agritech Limited is 1 of India's leading agrochemical companies.Dhanuka Agritech is present in all major states of India through its sales offices. The company has 321 registrations including herbicides, insecticides, fungicides, plant growth regulators/bio-stimulants and over 330 active SKUs.
The company has three manufacturing facilities in Rajasthan, Gujarat and J&K with 39 warehouses and a network of more than eight branches across India catering to 6500 distributors and around 75,000 dealers.
With more than 1000 technical and commercial employees, a strong research and development department and a robust distribution network, Dhanuka reaches around 10 million Indian farmers with its products and services.
Dhanuka was awarded the Company of the Year (Agrochemicals Category) by the Federation of Indian Chambers of Commerce and Industry (FICCI) at the 10th biennial international exhibition and conference India Chem 2018 and has received numerous awards and recognitions from time to time.
Dhanuka Agritech Limited Buyback Details
- Security Name Dhanuka Agritech Limited
- Buyback Price ₹2,000.00
- Face Valuet ₹2.00
- Listing at Group BSE, NSE
- Lead Manager Sundae Capital Advisors
- Issue Size 500,000 (1.1 % of Total number of equity Shares)
- Buyback Docs Letter Of Offer
Dhanuka Agritech Limited Buyback Ratio
| Categoryy | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | / | |
| General Category for all other Eligible Shareholders | / |
Dhanuka Agritech Limited Buyback Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Profit After Tax | 239.09 | -- | -- |
| Total Assets | 1,793.50 | -- | -- |
| Net Worth | -- | -- | -- |
| Total Borrowing | -- | -- | -- |
| Reserves And Surplus | -- | -- | -- |
| Total Revenue | -- | -- | -- |
How to Participate in Dhanuka Agritech Limited Buyback?
Calculation of Investment in Dhanuka Agritech Limited Buyback Buyback 2026
* No. of shares stands to change according to the closing price on the record date
* For simplicity, we have considered the price on date Aug 2, 2024
Expected Profit from the Dhanuka Agritech Limited Buyback on the bases of acceptance Ratio:
| Acceptance Ratio | Amount Invested in Buyback | No. of Shares Buyback | Buyback Profit | Profit% |
|---|---|---|---|---|
| 33% | ₹181,915.00 | 33 | 5968 | 3.28% |
| 50% | ₹181,915.00 | 50 | 9042 | 4.97% |
| 75% | ₹181,915.00 | 75 | 13563 | 7.46% |
| 100% | ₹181,915.00 | 100 | 18084 | 9.94% |
Amount Invested in Buyback: ₹181,915.00
Dhanuka Agritech Limited Buyback - Necessity of the Objective
The buyback will help the company to return the surplus cash to its shareholders holding equity shares.
The buyback is expected to improve return on equity through the distribution of cash and improve earnings per share by reducing the equity base; thereby increasing in long-term increase in shareholder value.
The buyback gives an option to the shareholders holding equity shares of the company, either to sell their equity shares and receive cash or not to sell their equity shares and get a resultant increase in their percentage shareholding, post the buyback offer, without additional investment.
The buyback, which is being implemented through the tender offer as prescribed under the buyback regulations, would involve a minimum reservation of 15% for small shareholders and allocation of a higher number of shares as per their entitlement or 15% of the number of shares to be bought back, reserved for the small shareholders. The company believes that this reservation for small shareholders would benefit a large number of public shareholders, who would be classified as small shareholders.
Contact Details
Dhanuka Agritech Limited Buyback
Global Gateway Towers, Near Guru Dronacharya Metro Station, MG Road, Gurugram - 122002
+91-124-434-5000
headoffice@dhanuka.com
Registrar Contact Details
Bigshare Services Pvt Ltd
ipo@bigshareonline.com
+91-22-6263 8200