The FDC Buyback date has been Recorded on August 25. Read the post to learn about FDC Buyback 2023.
FDC buyback 2023 was announced on August 9, 2023. The FDC repurchase will begin on August 31, 2023. The FDC buyback record date is set for August 25, 2023. To be eligible for the buyback, the investor must purchase the FDC shares prior to the record date.
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Key Details of FDC Buyback 2023:
Record Date
August 25, 2023
Buyback Price
₹500 per equity share
Face Value
₹1 per share
Offer Closes On
September 6, 2023
FDC Buyback Price
The FDC Buyback price is ₹500 per equity share.
IPO Overview
Established in 1940, FDC Limited is a renowned company involved in the production and promotion of Oral Rehydration Salts and Ophthalmic products. With a wide range of offerings, the company caters to diverse therapeutic areas such as Oral Rehydration Salts, Ophthalmology, Dermatology, Antibiotics, Antivirals, Cardiovascular, and Anti-diabetes. Additionally, FDC Limited manufactures Active Pharmaceutical Ingredients (APIs) and Finished Dosage Forms. Its extensive product line comprises over 300 items available in India, while also being exported to more than 50 countries, including the United States, United Kingdom, South Africa, and Japan.
FDC Buyback 2023 Dates
| Buyback Meeting Date: | August 9, 2023 |
| Buyback Announcement Date: | August 9, 2023 |
| Buyback Record Date: | August 25, 2023 |
| Last Date to Buy Shares: | August 24, 2023 |
| Buyback Open Date: | August 31, 2023 |
| Buyback Close Date: | September 6, 2023 |
| Finalization of Buyback Acceptance: | September 13, 2023 |
FDC Buyback 2023 Offer Details
FDC buyback of 31,00,000 equity shares at a price of ₹500 per equity share. The buyback offers not to exceed ₹155 crores of the total buyback offer size.
| Offer Amount: | ₹155 Crores |
| Number of Shares: | 31,00,000 Equity Shares |
| Face Value: | ₹1 per equity share |
| Buyback Price: | ₹500 per equity share |
| Listing: | BSE and NSE |
| Buyback Type: | Open Market |
FDC Buyback 2023 Acceptance Ratio
The investor should buy around 61 shares at a current market price of ₹380 (as of date). The calculation will be ₹2,00,000 / ₹500 buyback price = [.] shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹167,200 | 132 | ₹10,824 |
| 50% | ₹167,200 | 200 | ₹16,400 |
| 75% | ₹167,200 | 300 | ₹24,600 |
| 100% | ₹167,200 | 400 | ₹32,800 |
FDC Financial Report
| Year(₹ in Crores) | Revenue | Expense | PAT |
| 2020 | ₹1331 | ₹997 | ₹301 |
| 2021 | ₹1525 | ₹1271 | ₹216 |
| 2023 | ₹1784 | ₹1533 | ₹194 |
Company Profile
The board of directors approved an FDC buyback of Rs. 155 crore at their meeting on August 9, 2023. The FDC buyback will take place using the stock exchange’s Tender Offer process. The company’s board of directors authorized the buyback of its fully paid-up equity shares with a face value of one equity share at a price of 500 per equity share from the shareholders for an amount not exceeding 155 crore. FDC is a people-oriented organisation dedicated to innovating, manufacturing, and marketing high-quality healthcare products that improve the quality of human life around the world, thereby increasing
shareholder value. Since 1936, our success has been defined by a foundation of strong credibility, dependability, honesty, trust, and clarity of vision. The FDC organisation is based on the notion that the impact they have on the world comes first, and everything else follows. As Electral’s caretakers, we recognise that being the first line of therapy for dehydration necessitates accessibility and cost-effectiveness. FDC’s drive for excellence stems from a shared goal of providing high-quality healthcare that is affordable to people of all income levels. Our robust foundation is designed to help us achieve our aim of expanding the reach of our essential care medicines across the country and around the world.
Registrar Info
| Name | LINK INTIME INDIA PRIVATE LIMITED |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | https://linkintime.co.in |
Contact Details
| Name | FDC Buyback Limited |
| Phone number | 0240 – 2554407 |
| Email ID | [email protected] |
| Website | https://www.fdcindia.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO 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.
FDC Buyback FAQs
What is the schedule of activities for FDC Buyback 2023?
FDC Buyback 2023 Schedule
| Buyback Opening Date | August 31, 2023 |
| Buyback Closing Date | September 6, 2023 |
| Last Date for receipt of Tender Forms | September 8, 2023 |
| Finalisation of Buyback Acceptance | September 13, 2023 |
| Last Date for settlment of bids | September 13, 2023 |
| Last Date for Extinguishment of Shares | September 25, 2023 |
Is FDC Buyback 2023 good or bad?
The FDC 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.
When is FDC Buyback 2023 Record Date?
FDC buyback 2023 record date is August 25, 2023.
When is FDC Buyback 2023 Open Date?
FDC buyback 2023 open date is August 31, 2023.
What is FDC Buyback 2023 Price?
The company has fixed the price at ₹500 per share.
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