Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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Atul Ltd is an integrated chemical provider company in India. It manufactures about 1,350 products and formulations through its state-of-the-art facilities. The business serves around 4000 customers across 30 countries all over the world.
The company also has subsidiaries in the USA, UK, China, Brazil, and the UAE. It has established a joint venture with renowned multi-national companies like American Cyanamid Company (now a part of BASF AG and Pfizer Inc), Imperial Chemical Industries plc (now a part of Akzo Nobel and Astra Zeneca plc), and Ciba-Geigy Ltd (now a part of BASF AG and Huntsman Corporation).
| Issue Period | April 7, 2022 - May 9, 2022 |
| Security Name | Atul Limited |
| Issue Type | Open Market Through Stock Exchange |
| Issue Size (Amount) | ₹70.00 Crores |
| Buyback Price | ₹11000 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Particulars | For the year/period ended (Rs. in Crores) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Income | 3,834.45 | 4,171.10 | 4,072.67 |
| Profit After Tax | 660.02 | 670.91 | 436.02 |
| Net Worth | 3,826.52 | 3,154.90 | 2,705.71 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Feb-2022 | 9,852.10 | 8,627.90 | 9,361.13 |
| Jan-2022 | 10,859.00 | 8,966.80 | 9,709.73 |
| Dec-2021 | 9,121.75 | 8,302.30 | 8,787.72 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Feb-2022 | 9,899.95 | 8,622.05 | 9,359.34 |
| Jan-2022 | 10,856.80 | 8,964.05 | 9,714.97 |
| Dec-2021 | 9,124.70 | 8,313.45 | 8,784.29 |
The Buy-back aims to:
1. Return surplus funds to the equity shareholders of the Company.
2. Improve earnings per share by reducing the equity base, thereby leading to a long-term increase in the value of shareholders.
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Atul Limited
Atul House,
G I Patel Marg,
Ahmedabad 380 014
Phone: (+91 79) 26461294
Email: shareholders@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 Limited Buyback opens on April 7, 2022, and closes on May 9, 2022.
The Atul Limited Buyback is a Open Market Through Stock Exchange.
Atul Limited Buyback Schedule
| Buyback Opening Date | April 7, 2022 |
| Buyback Closing Date | May 9, 2022 |
| Last date for acceptance of shares | Upon relevant pay-out by the Stock exchange |
The Atul Limited Buyback is being offered at Rs ₹11000 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 Limited Buyback has announced a buyback for an aggregate amount of not more than Rs. ₹70.00 Crores with pricing of Rs.₹11000 per share.
The Buy-back aims to:
1. Return surplus funds to the equity shareholders of the Company.
2. Improve earnings per share by reducing 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 Limited 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.
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