The Amrutanjan Health Care Buyback date has been Recorded on July 19 – 25, 2023. Read the post to learn about Amrutanjan Health Care Buyback.
Amrutanjan Health Care innovated in 1936 and headquartered in Chennai, Tamil Nadu, is one of India’s largest OTC enterprises, noted for incorporating the natural substance of Ayurveda with ultramodern wisdom to produce products that aid in speedy and natural recovery.
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Key Details Of Amrutanjan Health Care Buyback:
Recorded Dates
July 13, 2023
Buyback Price
₹900 per equity share
Face Value
₹1 per share
Offer Closes On
July 25, 2023
Amrutanjan Health Care Buyback Price
The Amrutanjan Health Care Buyback Price Today is ₹[900 per equity share ].
Amrutanjan Health Care Buyback Overview
Amrutanjan made its first incursion into the pain operation with its classic unheroic multicoloured attar, which snappily became the go-to remedy for relieving headaches and pains. Amrutanjan’s goods include the New Maha Strong Pain Balm, Roll-on, Stick-on Patch, Relief Cough Saccharinity, Relief Swas Mint, Comfy Snug Fit, Amrutanjan Stop Pain Dental Gel, Decorn Corn Caps, Fruitnik, Fruitnik Electro, and others. These are some of the products accessible through Amrutanjan HealthCare Limited’s product handbasket.
Amrutanjan Share Buyback 2023 Details
Amrutanjan Buyback Dates | Coming soon |
Amrutanjan Buyback Price | INR 900 per share |
Market Price on Buyback Approval | INR 736 per share |
Buyback Premium on Market Price | 22.28% |
Buyback Offer Size (Shares) | 3,20,000 shares |
Buyback Offer Size (Amount) | INR 28.80 crore |
Offer Type | Tender |
Promoter Participation | Yes |
Face Value | INR 1 per share |
Listing At | BSE, NSE |
Amrutanjan Buyback Dates (Timeline)
Board Meeting Intimation for Buyback Proposal | 26 June 2023 |
Buyback Approval Date | 30 June 2023 |
Public Announcement of Buyback | 3 July 2023 |
Amrutanjan Buyback Record Date | 13 July 2023 |
Buyback Opening Date | Coming soon |
Buyback Closing Date | Coming soon |
Cut-off Date to receive completed tender forms by Registrar | Coming soon |
Verification Date by the Registrar | Coming soon |
Return of unaccepted shares by Registrar | Coming soon |
Extinguishment of accepted shares | Coming soon |
Amrutanjan Health Care Buyback Entitlement Ratio
Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
Small Shareholders | ||
(less than INR 2 Lakh on record date) | – | 4.50 |
General category | ||
(for all other Eligible Shareholders) | – | – |
Amrutanjan Health Care Financial Performance
FY 2021 | FY 2022 | FY 2023 | |
Revenue | 332.84 | 405.84 | 379.64 |
Total Expenses | 258.59 | 326.85 | 335.32 |
Net income | 61.19 | 67.19 | 39.84 |
Calculation of Investment in Buyback
Maximum market value of a share holder as on record date | INR 2,00,000 |
Buyback price per share | INR 900 |
Maximum shares for small shareholder (2,00,000/900) | 223 shares * |
Closing price of stock as on 30 June 2023 | INR 736** |
Maximum amount invested in buyback (INR 736 x 223 shares) | INR 1,64,128 |
Amrutanjan Health Care Buyback Acceptance Ratio
Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
223 | 11 | 11 (100%) | 1,804 | 1.10 |
223 | 11 | 22 (200%) | 3,608 | 2.20 |
223 | 11 | 33 (300%) | 5,412 | 3.30 |
Company Profile
Amrutanjan Healthcare Limited, an Indian Pharmaceutical Company in Chennai, Tamil Nadu, India, was established by Kasinadhuni Nageswara Rao in Bombay in 1893. With a history gauging 118 times, the Amrutanjan brand has experienced a displacing, now emphasizing its commitment to ‘ Pure Healthy substance ’ as its commercial pledge to consumers. This displacing highlights Amrutanjan’s association with lightheartedness, wisdom, and trust. Amrutanjan is now taking visionary measures to enhance the faculty of
each of its products and their operations. The company has distributed its current immolations into three sub-brands: Kick Out Pain, Relief for congestion management, and Purity for hygiene products. From exploration and development to branding, retail activation, and advertising communication, Amrutanjan is situated as a specialist in competitive requests.
Registrar Info
Name | LINK INTIME INDIA PRIVATE LIMITED |
Phone number | +91 44 4002 0700 / 4002 0741 / 4002 070 |
Email ID | [email protected] |
Website | https://www.cameoindia.com |
Contact Details
Name | Amrutanjan Health Care Buyback Limited |
Phone number | +91 22 49730394 |
Email ID | [email protected] |
Website | https://www.saffronadvisor.com |
Buyback Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
Buyback Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Amrutanjan Health Care Buyback FAQs
Which is the last day to buy Amrutanjan Health Care Buyback 2023 for buyback?
Last date to be eligible to participate in buyback is July 12, 2023.
What is the offer price for Amrutanjan Health Care Buyback 2023 offer?
The Amrutanjan Health Care Buyback 2023 is being offered at Rs ₹900 per share per equity share.
What is the record date for Amrutanjan Health Care Buyback 2023 offer?
The record date for the Amrutanjan Health Care Buyback 2023 is July 13, 2023.
What is the issue size of Amrutanjan Health Care Buyback 2023?
The issue size of Amrutanjan Health Care Buyback 2023 is of 320,000 equity shares at ₹900 per share aggregating upto ₹28.80 Crores.
What is the necessity for Amrutanjan Health Care Buyback 2023?
The proposed Buy-back will help the Company achieve the following objectives:
- Improve the valuation of the Company and fair valuation of the share price
- Enhancing the overall return to shareholders in the long run
- Creating long term value for shareholders
- Improving the fundamental ratios of the Company
- Exit option to shareholders, particularly small shareholders, at a premium over market price.
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