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Pennar Industries Buyback 2022 Date, Record Date, Price & Acceptance Ratio

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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

    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 of – equity shares that are around -% of all the existing number of equity shares at a price of ₹50 per equity share. The buyback offers not to exceed ₹40 crores of the total buyback offer size. Pennar Industries Buyback Acceptance Ratio will be around (To be updated soon).

    Pennar Industries Buyback Acceptance Ratio (Estimated)

    The investor should buy around 4000 shares at a current market price of ₹36.50 (As of 15 March 2022). The calculation will be Rs.2,00,000 / 50 buyback price = 4000 shares.
    Acceptance RatioInvestmentShares BuybackProfit
    33%₹146,000132017,820
    50%₹146,000200027,000
    75%₹146,000300040,500
    100%₹146,000400054,000

    Pennar Industries Financial Report

      ₹ in Crores
    RevenueExpensePAT
    2019₹2142₹2063₹66.66
    2020₹2118₹2064₹53.40
    2021₹1534₹1560₹2.84

    Pennar Industries Buyback Eligibility & How to Apply

    The investors are eligible for the buyback scheme who have Pennar Industries shares in their Demat account as the record date is not fixed as it’s an open market offer. Investors can participate in the Pennar Industries Buyback 2022 scheme as per the opening form by selling their shares. The payment will be given as per the accepted shares by the company under the Pennar Industries buyback scheme. The investors can participate in buyback via physical form or via your broker or Demat account by placing an order.
    Checkout Current Pennar Industries Shares market price on NSE and BSE: Pennar Industries Share Price Today
     

    Pennar Industries Buyback Registrar

    KFintech Private Limited
    KFintech, Tower-B, Plot No 31 & 32,
    Financial District, Nanakramguda, Gachibowli,
    Hyderabad, Telangana India – 500 032.
    Phone: 04067162222, 04079611000
    Website: https://karisma.kfintech.com/

     

    Pennar Industries Buyback Lead Managers

    • Finshore Management Services Limited

    Pennar Industries Company Address

    Pennar Industries Limited
    3 Floor, DHFLVC Silicon Towers, Kondapur,
    Hyderabad – 500 084
    Phone: +91 40 41923108
    Website: http://www.pennarindia.com

    Pennar Industries Buyback 2022 FAQs

    When is Pennar Industries Buyback Record Date?

    Pennar Industries buyback 2022 record date is Open Market Offer.

    When is Pennar Industries Buyback Announcement Date?

    Pennar Industries buyback 2022 announcement date is 09 March 2022.

    What is Pennar Industries Buyback Acceptance Ratio?

    Pennar Industries buyback Acceptance ratio will be around -%.

    What is Pennar Industries Buyback Price?

    The company has fixed the price at ₹50 per share.

    How to apply for Pennar Industries Buyback 2022?

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

    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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