Insecticides India Buyback: Checkout Important Details?

Insecticides India Buyback is a tender offer, and the issue size is of 5,00,000 equity shares at price of Rs 1000 per share, amounting up to Rs 50 crores. The issue is 1.69% of the total number of equity shares. The face value is at Rs 10 per share. The Buyback issue period is between September 18 to September 24, 2024. The last date to buy shares is Tuesday, September 10, 2024 and the record date is Wednesday, September 11, 2024. The lead managers handling the Buyback is Sundae Capital Advisors and registrar for this Buyback is Alankit Assignment Limited. On Monday, September 16, 2024, Insecticides India share price was trading at Rs 952.80 per share.

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Insecticides India Buyback: About the company

Insecticides India Limited had been mainly involved in the production and marketing of crop protection and household pesticide formulations. Insecticides India is one of the major agrochemical companies in India, carrying on with a broad product portfolio comprising insecticides, herbicides, fungicides, and plant growth regulators.

Since its incorporation in the year 2001, IIL has emerged as the topmost company within the farm care business segment, offering effective products to farmers that guard their crops against pests and diseases. IIL has a number of manufacturing facilities across the country, apart from an adequate distribution network, making its products easy to access for farmers. Its quality and service after-sale make it be considered as one of the most reliable names within the Indian agrochemical market.

Insecticides India Buyback: Necessity of the Issue

This Buyback will help the company to return surplus cash to its shareholders. The Buyback consists of the reservation for the small shareholders. Also, Buyback will help in improving financial ratios like return on equity, by reduction in the equity base, thereby leading to a long-term increase in shareholders' value.

Essential Details of Insecticides India Buyback

Time-Table For Insecticides India Buyback

Financials of Insecticides India Limited (Amt in Rs Crores)

The company reported a revenue of Rs 1,975.89 crore and net profit of Rs 102.63 crores for the FY ended on 31 March 2024. Insecticides India revenue increased by 10% and profit after tax increased by 63% between the FY ending with 31 March 2024 and 31 March 2023.

Buyback Ratio

FAQs

1. What are the details of Insecticides India Buyback Offer?

Insecticides India Buyback is a tender offer, and the issue size is of 5,00,000 equity shares at price of Rs 1000 per share, amounting up to Rs 50 crores. The issue is 1.69% of the total number of equity shares.

2. When is the Issue period of Insecticides India Limited Buyback?

The Buyback issue period is between September 18 to September 24, 2024. The last date to buy shares is Tuesday, September 10, 2024 and the record date is Wednesday, September 11, 2024.

3. How do I check the allotment status of the Insecticides India Limited Buyback?

The registrar for the Insecticides India Limited Buyback is Alankit Assignment Limited. Updates regarding the allotment status will be available on Alankit Assignment Limited's website. Shareholders should stay tuned for further information.

4. Who can participate in the Insecticides India Limited Buyback?

All Insecticides India Limited shareholders holding the company shares on the record date, September 11, 2024 are eligible to participate in the Buyback. This includes both retail and institutional investors.

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