Ajanta Pharma Buyback 2020 Review – Record Date, Price, and Details

Ajanta Pharma is engaged in the Business of Pharmaceutical products. Their business includes Branded Generics in emerging markets of Asia and Africa, Generics in the developed markets of USA, and Institution sales. Soon after this, Gland Pharma IPO is launched, which is said to be the biggest Pharma IPO in India.

The board also decided to give another good news of Ajanta Pharma Buyback 2020 at a price of Rs. 1850 per share, where the price of Ajanta Pharma on 4th November closing was Rs. 1620, that’s almost at the premium of 15%.

Ajanta Pharma plans to purchase 7.35 lakh shares via Buyback at Rs. 1850 per equity share for an aggregate amount not exceeding Rs. 135 crores.

Ajanta Pharma Buyback 2020 Details & Review

Buyback Type	Tender offer
Buyback Offer Amount:	Rs. 135 Crores
Date of Board Meeting Approval	3rd November 2020
Date of Public Announcement	3rd November 2020
Buyback Offer Size	0.84 %
Buyback Number of Shares	7,35,000 Shares
Face Value	2
Buyback Price	Rs. 1850 Per Equity Share

Ajanta Pharma Buyback 2020 Dates

HPCL Buyback Record Date	13th November 2020
Opening Date	–
Closing Date	–
Obligation (Fund Payout)	–
Settlement Date (Shares Payout)	–
Offer Price	Rs. 1850/- per share

Ajanta Pharma Buyback 2020 Acceptance Ratio

Buy 54 Shares at CMP of Rs. 1620 ( 1,00,000/1850 = 54)

Acceptance Ratio	Total Shares Accepted	Buyback Price	Investment Amt @ Rs 187 / Share	Profit	Profit%
20%	10	1850	87480	2300	2.62%
40%	21	1850	87480	4830	5.52%
60%	32	1850	87480	7360	8.41%
80%	43	1850	87480	9890	11.30%
100%	54	1850	87480	12420	14.19%

Profit and all other calculations is done on the basis of price on 4nd November, 2020 i.e. Rs. 1620

Ajanta Pharma Financial Report

Narration	Mar-15	Mar-16	Mar-17	Mar-18	Mar-19	Mar-20
Sales	1,473.56	1,749.37	1,983.26	2,125.76	2,055.37	2,587.87
Expenses	969.34	1,160.84	1,292.49	1,467.36	1,488.71	1,904.44
Operating Profit	504.22	588.53	690.77	658.40	566.66	683.43
Other Income	9.35	19.68	19.97	24.15	20.85	88.17
Depreciation	51.64	44.43	61.21	59.59	72.08	95.72
Interest	5.92	4.89	1.36	0.41	1.16	11.91
Profit before tax	456.01	558.89	648.17	622.55	514.27	663.97
Tax	146.15	143.28	141.34	153.91	127.30	196.27
Net profit	309.86	415.61	506.83	468.64	386.97	467.70
EPS	35.25	47.23	57.59	53.25	44.33	53.57
Price to earning	34.86	29.84	30.57	26.11	23.35	25.50
Price	1,229.00	1,409.15	1,760.55	1,390.35	1,035.20	1,366.30

Ajanta Pharma Buyback FAQs