The Amrutanjan Health Care Buyback date has been Recorded on July 19 – 25, 2023
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
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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 is ₹[900 per equity share ].
IPO Overview
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.
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 based in Chennai, Tamil Nadu, India, was established by Kasinadhuni Nageswara Rao in Bombay in 1893. With a history spanning 118 years, the Amrutanjan brand has undergone a repositioning, now emphasizing its commitment to ‘Pure Healthy Essence’ as its corporate promise to consumers. This repositioning highlights Amrutanjan’s association with naturalness, science, and trust. Amrutanjan is now taking proactive measures to enhance the competency of each of its products and their applications. The company has categorized its current offerings into three sub-brands: Kick Out Pain for pain management, Relief for congestion
management, and Purity for hygiene products. From research and development to branding, retail activation, and advertising communication, Amrutanjan is positioning itself as a specialist in the competitive market.
Registrar Info
| Name | LINK INTIME INDIA PRIVATE LIMITED |
| Phone number | +91 44 4002 0700 / 4002 0741 / 4002 070 |
| Email ID | investor@cameoindia.com |
| Website | https://www.cameoindia.com |
Contact Details
| Name | Amrutanjan Health Care Buyback Limited |
| Phone number | +91 22 49730394 |
| Email ID | buybacks@saffronadvisor.com |
| Website | https://www.saffronadvisor.com |
IPO Strenghts
- 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.
