Amrutanjan Health Care, founded in 1936 and headquartered in Chennai, Tamil Nadu, is one of India’s largest OTC firms, noted for incorporating the natural essence of Ayurveda with modern science to create products that aid in speedy and natural recovery. In 1893, the firm
made its first foray into pain management with its classic yellow-colored balm, which quickly 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 Syrup, 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 Health Care Limited’s product basket.
The products of Amrutanjan Health Care are broadly marketed under the following segments:
- Pain Management
- Congestion Management
- Women’s Hygiene
- Beverages
- Other Products
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 Buyback 2023 Documents
- Letter of Offer
- Draft Letter of Offer
- Public Announcement
- Board Approval
- Upcoming Share Buyback
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 |
Registrar of Amrutanjan Health Care Buyback 2023
CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”, #1, Club House Road, Chennai – 600 002, Tamil Nadu
Phone: +91 44 4002 0700 / 4002 0741 / 4002 070
Email: [email protected]
Website: https://www.cameoindia.com
Manager of Amrutanjan Health Care Buyback 2023
SAFFRON CAPITAL ADVISORS PRIVATE LIMITED
605, SiXlh Floor, Centre Pont, Andheri-Kura Road, J. B. Nagar, Andheri (East), Mumbai – 4 00 059, Maharashtra
Phone: +91 22 49730394
Email: [email protected]
Website: https://www.saffronadvisor.com
Amrutanjan Health Care IPO FAQs:
Q1. What are Amrutanjan buyback dates?
Ans. Amrutanjan Health Care share buyback opens on 2023 and closes on 2023.
Q2. Which type of is Amrutanjan buyback offer?
Ans. Amrutanjan Health Care buyback is a tender offer.
Q3. What is Amrutanjan buyback price?
Ans. Amrutanjan buyback price is INR 900 per share.
Q4. What is Amrutanjan buyback record date?
Ans. Amrutanjan buyback record date is 13 July 2023.
Q5. How to participate in Amrutanjan Health Care share buyback?
Ans. Amrutanjan Health Care share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
