GNFC Buyback 2023 Record Date, Price & Ratio Details

GNFC buyback 2023 details: The GNFC buyback open date is December 1, 2023. GNFC buyback record date is November 24, 2023. The investor should buy the GNFC shares before the record date to get eligibility for the buyback.
GNFC

Table of Contents

GNFC Buyback of ₹652.81 crores was approved by the board of directors at the meeting. GNFC Buyback will be done via the Tender Offer 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 ₹10 each equity share at a price of ₹770 per Equity Share and for an aggregate amount not exceeding ₹652.81 crores from the shareholders. Check out GNFC Buyback 2023 details below:


Gujarat Narmada Valley Fertilizers & Chemicals Limited.(GNFC), is a joint sector enterprise promoted by the Government of Gujarat and the Gujarat State Fertilizers & Chemicals Ltd.(GSFC). It was set up in Bharuch, Gujarat in 1976. Located at Bharuch in an extremely prosperous industrial belt, GNFC draws on the resources of the natural wealth of the land as well as the industrially rich reserves of the area. GNFC started its manufacturing and marketing operations by setting up in 1982, one of the world’s largest single-stream ammonia-urea fertilizer complexes. Over the next few years, GNFC successfully commissioned different projects – in fields as diverse as chemicals, fertilizers and electronics. Since inception, GNFC has worked towards an extensive growth as a corporation. A growth which respects the environment and springs from the progressive vision of GNFC. GNFC today has extended its profile much beyond fertilizers through a process of horizontal integration. Chemicals/Petrochemicals, Energy Sector, Electronics/Telecommunications and Information Technology form ambitious and challenging additions to its corporate portfolio. GNFC has an enterprising, strategic view towards expansion and diversification.

GNFC Buyback History

  • N/A

GNFC Buyback 2023 Dates

Buyback Meeting Date:November 8, 2023
Buyback Announcement Date:November 8, 2023
Buyback Record Date:November 24, 2023
Last Date to Buy Shares:November 23, 2023
Buyback Open Date:December 1, 2023
Buyback Close Date:December 7, 2023
Finalization of Buyback Acceptance:December 13, 2023

GNFC Buyback 2023 Offer Details

GNFC buyback of 8,478,100 equity shares at a price of ₹770 per equity share. The buyback offers not to exceed ₹652.81 crores of the total buyback offer size.

Offer Amount:₹652.81 Crores
Number of Shares:8,478,100 Equity Shares
Face Value:₹10 per equity share
Buyback Price:₹770 per equity share
Listing:BSE, NSE
Buyback Type:Tender Offer
Letter of Offer:Click Here

GNFC Buyback 2023 Acceptance Ratio

The investor should buy around 260 shares at a current market price of ₹675 (as of date). The calculation will be ₹2,00,000 / ₹770 buyback price = 260 shares.

Acceptance RatioInvestmentShares BuybackProfit
33%₹175,50086₹8,170
50%₹175,500130₹12,350
75%₹175,500195₹18,525
100%₹175,500260₹24,700

GNFC Financial Report

₹ in Crores
YearRevenueExpensePAT
2020₹5,129₹4,125₹689
2021₹8,642₹6,259₹1,704
2023₹10,227₹8,348₹1,464

How to Participate in GNFC Buyback 2023

The investors are eligible for the buyback scheme who have GNFC shares in their Demat Account as the Record Date. Eligible Share Holders can participate in the GNFC Buyback 2023 scheme as per the opening form by selling their shares. The payment will be given as per the GNFCepted shares by the company under the GNFC buyback scheme.

GNFC Buyback 2023 Registrar

Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/

GNFC Buyback 2023 Lead Managers

  • SBI Capital Markets Limited

GNFC Company Address

Gujarat Narmada Valley Fertilizers & Chemicals Limited
P.O. Narmadanagar – 392015
Dist. Bharuch
Phone: 02642-247001
Email: [email protected]
Website: https://www.gnfc.in/

How to Apply the GNFC 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 “GNFC”. Click on Place Order. Enter your Quantity and submit GNFC Buyback Application Form.

How to Apply the GNFC Buyback through Upstox?

Log in to Upstox Application with your credentials. Select the GNFCount Section. You will see the Company Name “GNFC”. Click on GNFC Stock for Buyback. Enter your Quantity and submit GNFC Buyback Application Form.

How to Apply the GNFC Buyback through GNFC Money?

Log in to GNFC Money Application with your credentials. Select the GNFC. Enter your Quantity and submit GNFC Buyback Application Form.

GNFC Buyback 2023 FAQs


When is GNFC Buyback 2023 Record Date?

GNFC buyback 2023 record date is November 24, 2023.

When is GNFC Buyback 2023 Open Date?

GNFC buyback 2023 open date is December 1, 2023.

What is GNFC Buyback 2023 Price?

The company has fixed the price at ₹770 per share.

How to apply for GNFC Buyback 2023?

As per the record date you need to have GNFC shares in your Demat Account. You can participate in buyback after having the stock in your Account.

Share the Post:
Facebook
Twitter
LinkedIn

Follow IPO Watch for the upcoming IPO news and their reviews, also keep following us on TwitterFacebook, and Instagram. For our latest videos, subscribe to our YouTube channel.

OPEN DEMAT ACCOUNT