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Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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Incorporated in 1947, Atul Limited manufactures Life Science Chemicals and Performance and Other Chemicals.
Atul Ltd was the first private sector company of independent India to be inaugurated by the first Prime Minister of the country, Pandit Jawaharlal Nehru, on March 17, 1952. The company today has over 3,000 employees, over 3,800 suppliers and a customer base of over 2,000 distributors and 38,000 retailers. The company has a product base of over 1,300 products (including formations) and 140 brands.
The company's manufacturing facilities are located in Ankleshwar, Atul, Panoli, and Tarapur, subsidiaries with manufacturing facilities in India (Ambernath and Atul) and the UK (Bristol) and joint venture companies with manufacturing facilities in India (Atul and Jodhpur).
The company manufactures chemicals for products in the areas of adhesives, agriculture, animal feed, automotive, composites, construction, cosmetics, defence, dyes, electrical and electronics, foams and furniture, flavours, food, footwear, fragrances, glass, crafts, home care, horticulture, hospitality, paints and coatings, paper, personal care, pharmaceuticals, plastics, rubber, soap and detergents, sports and leisure, textiles, tyres and wind energy.
Atul Ltd's wholly-owned subsidiaries are located in Brazil (São Paulo), China (Shanghai), Ireland (Dublin), the United Arab Emirates (Dubai), the United Kingdom (Wilmslow) and the USA (Charlotte).
The company's customer base includes over 4,000 customers in 83 countries from various industries.
| Issue Period | November 21, 2023 - February 23, 2024 |
| Security Name | Atul Limited |
| Issue Type | Open Market Through Stock Exchange |
| Issue Size (Amount) | ₹50.00 Crores |
| Buyback Price | ₹7500 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
Atul Limited's revenue increased by 3.51% and profit after tax (PAT) dropped by -9.12% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
| Assets | 5,430.90 | 5,350.63 | 6.31 | 6.40 |
| Revenue | 5,261.22 | 5,082.82 | 36.16 | 39.83 |
| Profit After Tax | 552.15 | 607.53 | 45.87 | 38.49 |
| Net Worth | ||||
| Reserves and Surplus | ||||
| Total Borrowing | ||||
| Amount in ₹ Crore | ||||
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Oct-2023 | 7,060.00 | 6,140.00 | 6,674.89 |
| Sep-2023 | 7,586.95 | 6,932.00 | 7,314.09 |
| Aug-2023 | 7,349.90 | 6,656.45 | 7,022.06 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Oct-2023 | 7,060.20 | 6,120.20 | 6,618.15 |
| Sep-2023 | 7,589.90 | 6,917.40 | 7,283.50 |
| Aug-2023 | 7,350.00 | 6,660.10 | 7,032.32 |
The buyback is being undertaken by the company to return the surplus funds to the equity shareholders of the company additionally the company believes that the buyback will improve the earnings per share by reduction in the equity base, thereby leading to a long term increase in the value of shareholders.
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Atul Limited
Atul House
G Patel Marg
Ahmedabad 380 014
Phone: (+91 79) 26461294
Email: contact@atul.co.in
Website: https://www.atul.co.in/
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: nilesh.dalwadi@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Lead Manager(s)
Registered Broker
The Atul Buyback 2023 opens on November 21, 2023, and closes on February 23, 2024.
The Atul Buyback 2023 is a Open Market Through Stock Exchange.
Atul Buyback 2023 Schedule
| Buyback Opening Date | November 21, 2023 |
| Buyback Closing Date | February 23, 2024 |
| Last date for acceptance of shares | Upon relevant pay-out by the Stock exchange |
The Atul Buyback 2023 is being offered at Rs ₹7500 per share per equity share.
There is no ratio applicable in case of open market offer through stock exchange mechanism.
There is no concept of record date in case of open market through stock exchange mechanism.
The Atul Buyback 2023 has announced a buyback for an aggregate amount of not more than Rs. ₹50.00 Crores with pricing of Rs.₹7500 per share.
The buyback is being undertaken by the company to return the surplus funds to the equity shareholders of the company additionally the company believes that the buyback will improve the earnings per share by reduction in the equity base, thereby leading to a long term increase in the value of shareholders.
Any equity shareholder holding the shares in Demat form can participate in the buyback offer through their stockbroker. The physical shareholder can participate only once the shares get converted into a Dematerialized form.
The shareholder needs to inform their broker on the details of the Equity shares they wish to sell. The broker will place a sell order whenever the company places a buy order for the buyback. The trade would get executed at the offer price or lesser only when the price offered by the shareholder matches with the buy order placed by the company.
The Atul Buyback 2023 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.
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