Pennar Industries buyback 2022 was announced on 09 March 2022. The Pennar Industries buyback record date is not fixed as it’s an open market offer. The investor should buy the Pennar Industries shares on or before the record date to get the eligibility for the buyback.
Pennar Industries started its engineering excellence in 1998. They established their first manufacturing plant at Isnapur, Hyderabad. After that, they have a series of strategic acquisitions and expansion plans. They are one of the leading value-added engineering products and solutions providers in India. They have made their presence in the industries like Infrastructure, Agriculture, Mining, Marine, Paper, Shipping, Automobiles, Power, General Engineering, and Building & Construction sectors. Currently, they have around 9 manufacturing plants in India and a presence globally. They cater to some of the bigger clients like Tata, L&T, Ashok Leyland, IFB, Mahindra, JSW, NCC, Honda, TVS, Eicher, Whirlpool, Toyota, Voltas, LG, HCC, P&G, BGR Energy, Hyundai, Maruti Suzuki, MRF, NTPC, Bhel, and more. Check out Pennar Industries Buyback 2022 details below given:
Pennar Industries Buyback 2022 Date & Time Table
| Buyback Meeting Date: | 09 March 2022 |
| Buyback Announcement Date: | 09 March 2022 |
| Buyback Record Date: | Open Market |
| Buyback Open Date: | 2022 |
| Buyback Close Date: | 2022 |
| Finalization of Buyback Acceptance: | 2022 |
Pennar Industries Buyback 2022 Offer Details
| Offer Amount: | ₹40 Crores |
| Number of Shares: | – Shares |
| Face Value: | ₹5 per equity share |
| Buyback Price: | ₹50 per equity share |
| Listing: | BSE & NSE |
| Buyback Type: | Open Market Offer |
Pennar Industries Buyback Acceptance Ratio (Estimated)
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹146,000 | 1320 | ₹17,820 |
| 50% | ₹146,000 | 2000 | ₹27,000 |
| 75% | ₹146,000 | 3000 | ₹40,500 |
| 100% | ₹146,000 | 4000 | ₹54,000 |
Pennar Industries Financial Report
| ₹ in Crores | |||||
| Revenue | Expense | PAT | |||
| 2019 | ₹2142 | ₹2063 | ₹66.66 | ||
| 2020 | ₹2118 | ₹2064 | ₹53.40 | ||
| 2021 | ₹1534 | ₹1560 | ₹2.84 | ||
Pennar Industries Buyback Eligibility & How to Apply
Pennar Industries Buyback Registrar
Pennar Industries Buyback Lead Managers
- Finshore Management Services Limited
Pennar Industries Company Address
Pennar Industries Buyback 2022 FAQs
Note: If anything you want to know about the buyback offer you can refer to the Pennar Industries buyback offer documents.
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