Dhanuka Agritech Limited is one of the leading agro-chemical businesses in India. The Bombay Stock Exchange and the National Stock Exchange of India both list the company. The organisation has marketing offices in all of India’s main states, giving it a PAN-India presence. With 3 manufacturing facilities, 39 warehouses, and more than 8 branch offices spread throughout India, Dhanuka Agritech Limited serves 6500 distributors and over 75,000 dealers.
With a team of more than 1000 techno-commercial employees, a strong R&D division, and a solid distribution network, Dhanuka is able to provide its goods and services to roughly 10 million Indian farmers.
Dhanuka Agritech Buyback Detail
| Issue Period | Dec 26, 2022 – Jan 6, 2023 |
| Security Name | Dhanuka Agritech Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 1,000,000.00 |
| Issue Size (Amount) | ₹85.00 Crores |
| Buyback Price | ₹850 per share |
| Face Value | ₹2 per share |
| Listing At | BSE, NSE |
Dhanuka Agritech Buyback Issue Timetable
| Offer Opens On | Dec 26, 2022 |
| Offer Closes On | Jan 6, 2023 |
| Last Date to buy shares | Nov 16, 2022 |
| Record Date | Nov 18, 2022 |
| Last Date for receipt of Tender Forms | Jan 9, 2023 |
| Finalisation of Buyback Acceptance | Jan 16, 2023 |
| Last Date for settlment of bids | Jan 17, 2023 |
| Last Date for Extinguishment of Shares | Jan 24, 2023 |
Dhanuka Agritech Buyback Ratio
| Category | Entitlement Ratio of Buyback |
| Reserved Category for Small Shareholders | 4 Equity Share out of every 33 Fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 3 Equity Shares out of every 160 Fully paid-up Equity Shares held on the Record Date. |
Dhanuka Agritech Company Financials
| Period Ended | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
| 31-Mar-20 | 1145.16 | 141.35 | 707.58 | 698.07 |
| 31-Mar-21 | 1421.17 | 210.56 | 796.19 | 786.87 |
| 31-Mar-22 | 1511.36 | 208.89 | 960.42 | 951.1 |
| Amount in ₹ Crore |
Dhanuka Agritech Buyback 2023 Objectives
- The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
- The Buyback may help in improving return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders’ value.
Company Contact Information
Dhanuka Agritech Limited
82, Abhinash Mansion,
First Floor, Joshi Road, Karol Bagh,
New Delhi-110005
Phone: +91-11-23534551
Email: Investors@dhanuka.com
Website: http://investors@dhanuka.com
Dhanuka Agritech Buyback Registrar
- Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai – 400 059
Phone: +91-22-6263 8200
Email: buybackoffer@bigshareonline.com
Website: http://www.bigshareonline.com
Dhanuka Agritech Buyback Manager
Lead Manager(s)
- Sundae Capital Advisors
