December 8, 2021 - December 21, 2021

AksharChem (India) Limited Buyback (AksharChem India Buyback) Detail

Incorporated in 1989, AksharChem India is engaged in the business of dyes and pigments manufacturing. The company products include Vinyl Sulphone, CPC Green, and precipitated Silica that gets used as an ingredient across various End industries like Textiles, Paint, Rubber, Tyre, Plastics, Leather, and Printing Ink.

AksharChem is one of India's top exporters of Vinyl Sulphone and the world's leading manufacturer of CPC Green with a total manufacturing capacity of 11,400 metric tonnes per annum. AksharChem is an ISO-certified company with an experienced senior leadership of over 30 years.

AksharChem India Buyback Detail

Issue Period	December 8, 2021 - December 21, 2021
Security Name	AksharChem (India) Limited
Issue Type	Tender Offer
Issue Size (Shares)	169,491
Issue Size (Amount)	₹10.00 Crores
Buyback Price	₹590 per share
Face Value	₹10 per share
Listing At	BSE, NSE

AksharChem India Buyback Issue Timetable

Record Date	November 12, 2021
Offer Opens On	December 8, 2021
Last Date for receipt of Tender Forms	December 21, 2021
Offer Closes On *	December 21, 2021
Finalisation of Buyback Acceptance	December 29, 2021
Last Date for settlment of bids	December 30, 2021
Last Date for Extinguishment of Shares	January 6, 2022

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	13 Equity Shares out of every 563 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	17 Equity Shares out of every 838 fully paid-up Equity Shares held on the Record Date.

Company Financials

Summary of financial Information standalone)
Particulars	For the year/period ended (Rs. in Millions)
	30-Sep-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	1,789.62	2,476.11	2,611.97	3,282.32
Profit After Tax	79.97	125.00	157.22	225.89
Reserves & Surplus	2,756.18	2,705.19	2,571.09	2,489.99
Net Worth	2,883.21	2,787.22	2,653.12	2,572.02

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Oct-2021	613.50	406.25	509.17
Sep-2021	469.00	399.25	425.43
Aug-2021	490.00	386.10	435.56

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Oct-2021	613.70	404.30	508.70
Sep-2021	468.00	399.10	425.24
Aug-2021	490.00	385.00	436.17

Necessity of the Issue

The Buyback aims to :
i) Distribute surplus funds to shareholders and thereby enhance their overall return.
ii) Improve financial ratios like Earnings per share (EPS), Return on assets (ROA) and Return on Equity (ROE).

AksharChem India Buyback Documents

Letter of Offer

AksharChem India Buyback Rating

3.0

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AksharChem India Buyback Reviews

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Company Contact Information

AksharChem (India) Limited
“Akshar House”,
Chhatral - Kadi Road, Indrad,
Mahesana – 382715, Gujarat, India.

Phone: +91-2764233007-10
Email: cs@aksharchemindia.com
Website: https://www.aksharchemindia.com/

AksharChem India Buyback Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: aksharchem.buyback@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

AksharChem India Buyback Manager

Lead Manager(s)

Vivro Financial Services Private Limited

Registered Broker

Pravin Ratilal Share and Stock Brokers Limited
Email: info@prssb.com

Find AksharChem India Buyback Latest Update

AksharChem India Buyback FAQs

The AksharChem India Buyback opens on December 8, 2021, and closes on December 21, 2021.

The AksharChem India Buyback last day to buy is not available as of now.

The AksharChem India Buyback is a Tender Offer.

AksharChem India Buyback Schedule

Buyback Opening Date	December 8, 2021
Buyback Closing Date	December 21, 2021
Last Date for receipt of Tender Forms	December 21, 2021
Finalisation of Buyback Acceptance	December 29, 2021
Last Date for settlment of bids	December 30, 2021
Last Date for Extinguishment of Shares	January 6, 2022

The AksharChem India Buyback is being offered at Rs ₹590 per share per equity share.

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	13 Equity Shares out of every 563 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	17 Equity Shares out of every 838 fully paid-up Equity Shares held on the Record Date.

The record date for the AksharChem India Buyback is November 12, 2021.

The issue size of AksharChem India Buyback is of 169,491 equity shares at ₹590 per share aggregating upto ₹10.00 Crores.

Letter of Offer

All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.

The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.

The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.

The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.

The AksharChem India Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.

12 Comments

12. KAMMA SIVA RAMA KRISHNA Link|December 29, 2021 6:06:14 PM

32 shares are accepted out of 191 shares held on the Record Date and tendered for the buyback. AR is 16.75%. Thank you.

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12.1. lokes Link|December 29, 2021 9:07:38 PM

@KSRK sir: How was this buyback deal? good profitable or average or less?
Need to know just for knowledge purpose. I didn't participated here.

12.2. lokes Link|December 29, 2021 11:25:26 PM

Considering remaining shares at today's current price and accepted shares at buyback and as per overall buy price and quantity.

12.3. KAMMA SIVA RAMA KRISHNA Link|December 29, 2021 11:42:22 PM

Lokes ji,
A very small profit if the unaccepted shares can be sold @ more than Rs. 142/-. Otherwise, it will be a loss making deal to the extent the price is dropped below Rs.142/-. You may be well aware that every buyback can’t be like the recent Eclerx. In one or two cases, we may have to book small losses. Thank you.

12.4. lokes Link|December 29, 2021 11:49:04 PM

Sir current price is 447.
So with 142 , do you mean 442 ? if 142 was written as mistake.

12.5. KAMMA SIVA RAMA KRISHNA Link|December 30, 2021 12:12:52 AM

Lokes ji,
Yes, it must be Rs. 442/-. Not properly checked before posting. Sorry for the inconvenience caused. Thank you.

12.6. Venkat Link|December 30, 2021 9:20:47 AM

Hello KSRK
U got debit message? I also tendered and got debit message for 38 shares means 38 shares accepted?
When will be the amount credited

12.7. KAMMA SIVA RAMA KRISHNA Link|December 30, 2021 9:40:51 AM

Venkat ji,
If not today, definitely tomorrow. Thank you.

12.8. KAMMA SIVA RAMA KRISHNA Link|December 30, 2021 2:27:29 PM

Since found credited.

12.9. KAMMA SIVA RAMA KRISHNA Link|December 30, 2021 2:47:20 PM

Lokes ji,
I have sold all the unaccepted shares @Rs.262.65 to purchase Ajanta pharma shares if available at around Rs.2230/-. Thank you.

12.10. lokes Link|December 30, 2021 4:32:12 PM

@KSRK : ok good sir....akshar gave good upmove today so overall it might be reasonable profits here for you....good luck for ajanta pharma....

12.11. KAMMA SIVA RAMA KRISHNA Link|December 30, 2021 9:50:43 PM

Lokes ji,
Profit is more than Rs.3,000/-. I am happy for the profit. Thank you for your wishes regarding AJANTA PHARMA. I have purchased 18 shares @ Rs.2261/-. I will wait n try to purchase 20 more, if available at around Rs.2220/-. I will try for two more instalments of 20 each @Rs. 2200/-n @2150/-for my wife‘S account, if available before the scheduled date. What about you? Have you purchased any shares apart from the 20 shares purchased already? Thank you n all the best.

12.12. lokes Link|December 30, 2021 10:18:52 PM

@KSRK sir: i didn't bought any more shares of ajanta pharma, will wait for dip below 2200 since enough time is there for record date now else will buy around 8-10 jan upto 2200-2300, not more than 2300. Will post in ajanta pharma page once i will buy. We need to request @Admin to open page for ajanta pharma :)

12.13. KAMMA SIVA RAMA KRISHNA Link|December 31, 2021 11:18:32 AM

Lokes ji,
Thank you very much for your information.

12.14. sasikumar Link|December 31, 2021 5:07:31 PM

I was having 20 shares in Zerodha and they credited 16 shares. Whether they accepted 4 shares or later they will credit back those shares. 4 shares missing and i didnt get money as well

12.15. KAMMA SIVA RAMA KRISHNA Link|December 31, 2021 6:45:19 PM

Sasikumar ji,
You contact your broker through mail/ phone/ in person in this regard to correctly know the position. Resultant amount of the buyback is already credited to the accounts concerned. Thank you.

11. ARJUN'S EYE

1| Link|December 7, 2021 12:47:05 AM

In this buyback difference between ER and AR will be minor or same.

11.1. KAMMA SIVA RAMA KRISHNA

1| Link|December 15, 2021 6:17:52 PM

Sir,
I believe that the AR will be at least one and half times, if not double, the ER. Thank you.

11.2. ARJUN'S EYE Link|December 29, 2021 7:43:26 PM

My prediction was also wrong...

10. KAMMA SIVA RAMA KRISHNA Link|November 29, 2021 6:36:11 PM

AR in case of Akshar Chem India is 4/191. A very disappointing one.

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10.3. KAMMA SIVA RAMA KRISHNA Link|December 4, 2021 4:39:36 PM

Sir,
The size of the buyback is 1.7 lakh shares only. I believe that around 3 shares are likely to be accepted. Thank you.

10.4. KAMMA SIVA RAMA KRISHNA

1| Link|December 29, 2021 6:35:39 PM

AR is 16.75%. 32/191. My estimation fortunately proved wrong. I am happy for that. Thank you.

9. Barbarik Link|December 29, 2021 5:30:05 PM

AR?

9.1. KAMMA SIVA RAMA KRISHNA Link|December 29, 2021 6:09:12 PM

AR is 16.75%.

8. DSR

1| Link|December 17, 2021 3:06:58 PM

@KSRK ji what is your strategy on all buybacks.. MPS, Nucleus, MOIL, StarCement.. losses are increasing day by day.. getting little frustrated...sometimes it feel like book loss in all..and may be invest somewhere safe like ETFs..:)

Would love to hear what are your thoughts.. any confidence that these will give chance to exit in profit.

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8.3. SARITA S Link|December 20, 2021 9:44:45 PM

KSRK Sir,
Your kind logical words give me a lot of confidence. Holding all like you.
Thank you.

8.4. KAMMA SIVA RAMA KRISHNA

1| Link|December 22, 2021 9:53:24 AM

Sarita ji,
Extremely sorry for the delay in responding. I strongly believe that one should have patience to wait for the right opportunity to exit. Sometimes loss is inevitable. We should try to minimise. In rare cases, we may have to respond quickly to dispose. I have incurred losses due to hasty decisions. Now I have developed some patience and accepting the things/ people as they are. Thank you n all the best.

7. lokes

1| Link|November 10, 2021 2:35:29 PM

today is the last date to buy this share with buyback eligibility but it has given good upmove already in last 2 days so not sure how much beneficial buyback will be because size of buyback is very small here and it depends on chemical sector performance also for share performance going forward..

From 12th it may go down after buyback record date, since people may not sell tomorrow whoever bought for buyback else they can loose buyback eligibility if selling tomorrow as sometimes brokers removes shares within 1 day then on 12th record date we wont be having shares.

And Recently chemical shares were in downtrend from around 1 month.

7.1. lokes

1| Link|November 19, 2021 7:24:19 PM

it has fallen from 490 to 450 as i said after record date.

6. IPO Mitr

1| Link|November 15, 2021 1:41:32 AM

It will remain catch22 situation. If it takes too much of investors time to interact and find very few useful info, they will not come here and unless they come here there will not be much useful info. Anyways..,.chittorgarh admin will decide based on what they believe will work for their website. I rest my case.

5. IPO Mitr Link|November 13, 2021 11:19:47 PM

Chittorgarh Admin:

These buyback placeholders have very few messages and navigationally it is very time consuming to go thru each and every placeholder to find useful info. Also it is very cumbersome for an admin to keep on creating separate placeholder for each and every buyback.

Suggest to create a time based ( Buyback closure date) placeholder with a start and end date and within that link first person posting can create a separate thread for each IPO. This way navigationally it will save a lot of time for the users. Later on when Buyback discussions become popular than we can revert back to the current system. Right now it is too much of work to navigate when there are very few messages/discussions in separate buyback folders.

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5.3. IPO Mitr

1| Link|November 14, 2021 4:18:28 PM

lokes, probably you did not read my suggestion properly.

I am not saying doing away with separate Buyback placeholder completely. But doing away with separate placeholder for each company within Buyback.

If we want the buyback discussions to take place in buyback area of the website then we will need to reduce time for people and make navigation faster. I believe this is the reason why people still keep on commenting in IPO folder because they do not want to spend more time.

Just a thought which can lead to more discussions on buyback in buyback area of the website.............

5.4. lokes Link|November 14, 2021 4:35:06 PM

@ipo mitr: i have read and already replied accordingly that having different buyback pages is good to have for each buyback. Each one is different so like ipo's it has to be different pages , and like in all other websites.
People used to comment in ipo folder just because to get more attention from more people, nothing much and because previously these buyback pages were not at all active and now already some discussions started happening here.
So now people need to come here and paste messages at respective place intead of again going back to old things and if many will participate here in discussions, then these will also be helpful to all users and even for chittorgarh site.

4. KAMMA SIVA RAMA KRISHNA

1| Link|November 11, 2021 11:04:26 AM

Admn.,

Please open the buyback pages for MPS Ltd. and MOIL Ltd. at the earliest.

4.1. lokes Link|November 12, 2021 11:07:30 AM

@ADMIN @TEAM Chittorgarh: Please open these buyback pages also. And going forward please open new buyback pages soon after announcement.
it will help in active discussions and also it will increase more people participation or site visits by looking at these discussions who are interested in buybacks.

3. KAMMA SIVA RAMA KRISHNA Link|November 4, 2021 10:11:35 AM

Though the company is a good one, the size of the buyback is not that much attractive. If available @ Rs.440/- one who can take a little bit risk, may try his luck in a small quantity. Thank you.

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3.1. KAMMA SIVA RAMA KRISHNA Link|November 4, 2021 9:26:28 PM

A few shares are purchased @ Rs.458/- on a second thought today. Let me face the music.

3.2. lokes Link|November 9, 2021 12:05:02 PM

congrats KSRK sir, today it moved above your buy price....

3.3. SARITA S Link|November 9, 2021 6:50:47 PM

KSRK Sir ji,
If I buy aksharchem shares tomorrow(10th nov), shall I be eligible shareholder for buyback purpose?

3.4. KAMMA SIVA RAMA KRISHNA

1| Link|November 9, 2021 7:16:47 PM

Sarita ji,
Unless there is some problem, the shares will be credited on 12/11. The size of the buyback is very small. This aspect is also to be taken into consideration before purchasing the shares. It all depends upon the risk appetite of each individual. All the best to you.

3.5. rahulagg Link|November 10, 2021 6:05:56 PM

@KAMMA SIVA RAMA KRISHNA Sir,
Please tell about MOIL buyback, is it a good buyback opportunity?
What could be AR/ER in MOIL.
Always waiting for your guidance on buyback

3.6. KAMMA SIVA RAMA KRISHNA

1| Link|November 10, 2021 6:32:52 PM

Sir,
Yes, a good opportunity. As the buyback size is pretty good and the difference between the CMP of Rs.174/- and the buyback price of Rs. 205/- is not that much, I think that the AR may be around 60% to 70%. All the best. Thank you.

3.7. lokes Link|November 11, 2021 12:41:22 AM

@rahulagg: I also agree with KSRK sir.

In moil, size is big but buyback price is not attractive, very less appreciation as per today closing price and tomorrow if it will open higher then again gap between cmp and buyback price will reduce but it will have good acceptance ratio due to big size. I was already holding moil shares anyways. will decide further action as per price movements.

3.8. rahulagg Link|November 11, 2021 10:15:14 AM

Thank you KAMMA SIVA RAMA KRISHNA sir and lokes sir

3.9. KAMMA SIVA RAMA KRISHNA

1| Link|November 11, 2021 6:23:37 PM

Today in the first phase I have purchased altogether 550 shares for our two accounts on an average price of Rs. 176.50. If pocket position improves for some or other reasons, then I will purchase some shares in the second phase. Thank you.

2. sandeep nahar Link|November 11, 2021 9:44:16 AM

Sir any idea of moil , should we buy at current price for buyback

2.1. KAMMA SIVA RAMA KRISHNA

1| Link|November 11, 2021 11:08:59 AM

Sir,
Before posting your query, please check whether the information is already available in the page. This is not to point out you but a suggestion.

1. Unknwon Link|November 9, 2021 9:50:48 PM

This buyback is not that attractive but if the price goes below 440, then will take the punt.

AksharChem (India) Limited Buyback (AksharChem India Buyback) Detail

AksharChem India Buyback Detail

AksharChem India Buyback Issue Timetable

Buyback Ratio

Company Financials

Stock price at BSE (in preceding 3 months)

Stock price at NSE (in preceding 3 months)

Necessity of the Issue

AksharChem India Buyback Documents

AksharChem India Buyback Rating

AksharChem India Buyback Reviews

Company Contact Information

AksharChem India Buyback Registrar

AksharChem India Buyback Manager

Find AksharChem India Buyback Latest Update

AksharChem India Buyback FAQs

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12 Comments

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