Atul Buyback of ā¹50 crores was approved by the board of directors at the meeting was held on November 7, 2023. Atul Buyback will be done via the Open Market route through the stock exchange mechanism. The board of directors of the company approved the buyback by the Company of its fully paid-up equity shares having a face value of ā¹10 each equity share at a price of ā¹7,500 per Equity Share and for an aggregate amount not exceeding ā¹50 crores from the shareholders. Check out Atul Buyback 2023 details below:
Atul is an improvement driven, integrated chemical company serving about 4,000 customers belonging to 30 industries across the world. The Company has established subsidiary companies in the USA (1994), the UK (1996), China (2004), Brazil (2012) and the UAE (2015) to serve its customers and thus enhance breadth and depth of its business. Atul was founded on September 05, 1947 ā a month after Indian independence ā by Kasturbhai Lalbhai, an institution builder par excellence and a legendary Indian of his times. The Company was a manifestation of his dream to generate large-scale employment, create wealth in rural India and make the country self-sufficient in its requirements of chemicals.
Atul Buyback History
- N/A
Atul Buyback 2023 Dates
| Buyback Meeting Date: | November 7, 2023 |
| Buyback Announcement Date: | November 7, 2023 |
| Buyback Record Date: | NA |
| Last Date to Buy Shares: | NA |
| Buyback Open Date: | November 21, 2023 |
| Buyback Close Date: | February 23, 2024 |
| Finalization of Buyback Acceptance: | NA |
Atul Buyback 2023 Offer Details
Atul buyback of 66,666 equity shares at a price of ā¹7,500 per equity share. The buyback offers not to exceed ā¹50 crores of the total buyback offer size.
| Offer Amount: | ā¹50 Crores |
| Number of Shares: | 66,666 Equity Shares |
| Face Value: | ā¹10 per equity share |
| Buyback Price: | ā¹7,500 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Open Market Offer |
| Letter of Offer: | Click Here |
Atul Buyback 2023 Acceptance Ratio
The investor should buy around [.] shares at a current market price of ā¹[.] (as of date). The calculation will be ā¹2,00,000 / ā¹[.] buyback price = [.] shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ā¹[.] | [.] | ā¹[.] |
| 50% | ā¹[.] | [.] | ā¹[.] |
| 75% | ā¹[.] | [.] | ā¹[.] |
| 100% | ā¹[.] | [.] | ā¹[.] |
Atul Financial Report
| ā¹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ā¹3,731 | ā¹2,813 | ā¹660 |
| 2021 | ā¹5,081 | ā¹4,168 | ā¹605 |
| 2023 | ā¹5,428 | ā¹4,620 | ā¹507 |
How to Participate in Atul Buyback 2023
The investors are eligible for the buyback scheme who have Atul shares in their Demat Account as the Record Date. Eligible Share Holders can participate in the Atul Buyback 2023 scheme as per the opening form by selling their shares. The payment will be given as per the Atulepted shares by the company under the Atul buyback scheme.
Atul Buyback 2023 Registrar
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/mipo/ipoallotment.html
Atul Buyback 2023 Lead Managers
- Vivro Financial Services Private Limited
Atul Company Address
Atul Limited
Atul House
G Patel Marg
Ahmedabad 380 014
Phone: (+91 79) 26461294
Email: [email protected]
Website: https://www.atul.co.in/
How to Apply the Atul Buyback through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “Atul”. Click on Place Order. Enter your Quantity and submit Atul Buyback Application Form.
How to Apply the Atul Buyback through Upstox?
Log in to Upstox Application with your credentials. Select the Atulount Section. You will see the Company Name “Atul”. Click on Atul Stock for Buyback. Enter your Quantity and submit Atul Buyback Application Form.
How to Apply the Atul Buyback through Atul Money?
Log in to Atul Money Application with your credentials. Select the Atul. Enter your Quantity and submit Atul Buyback Application Form.
