Marksans Pharma Buyback Details 2023

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Marksans Pharma Ltd. specialises in the development, production, and marketing of pharmaceutical formulations for final dosages. The business uses best practises, automated manufacturing and packing processes, and the most recent technologies to guarantee the greatest quality healthcare. 

To produce non-sterile liquids, ointments, and powder products, and has manufacturing and R&D facilities in Goa, India, and Southport, the UK. The business is present throughout the USA, Europe, South East Asia, Africa, Russia and the Commonwealth of Independent States, Latin America, and Australia. 

Marksans Pharma Buyback Detail 

Issue Period Jul 15, 2022 – Jan 14, 2023 
Security Name Marksans Pharma Ltd 
Issue Type Open Market Through Stock Exchange 
Issue Size (Amount) ₹60.00 Crores 
Buyback Price ₹60 per share 
Face Value ₹1 per share 
Listing At BSE, NSE 
IEX Buyback 2023 Details

Company Financials 

Summary of financial Information (Consolidated) 

Particulars For the year/period ended (Rs. in Lakhs) 
  31-Mar-22 31-Mar-21 31-Mar-20 
Total Income 1,53,269.20 1,38,287.61 1,13,453.67 
Profit After Tax 18,681.40 23,853.88 12,075.27 
Net Worth 1,04,216.44 86,972.58 61,990.88 
Reserves and Surplus 99,623.30 82,379.44 57,397.74 

Necessity of the Issue 

The buyback is being undertaken for the following reasons: 

1. The Buyback will help the Company to return surplus cash to its shareholders. 

2. The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by the reduction in the equity base of the Company, thereby leading to a long-term increase in shareholders’ value. 

Marksans Pharma Buyback Documents

Company Contact Information

Marksans Pharma Ltd
11th Floor,
Veera Desai Extension Road,
Oshiwara, Andheri (W), Mumbai – 400 053

Phone: +91 224001 2000

Marksans Pharma Buyback Registrar

  1. 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

Marksans Pharma Buyback Manager

Lead Manager(s)

  1. Sundae Capital Advisors


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