Incorporated in 1940, FDC Limited is engaged in the business of manufacturing and marketing Oral Rehydration Salts and Ophthalmic.
The company has a diversified product portfolio in various therapeutic areas, i.e. Oral Rehydration Salts, Ophthalmology, Dermatology, Antibiotics, Antivirals, Cardiovascular, and Anti-diabetes. It also manufactures Active Pharmaceutical Ingredients (APIs) and Finished Dosage Forms. It offers 300+ products in India and also exports to 50+ countries including the US, UK, South Africa, and Japan.
The company has 6 Globally approved manufacturing facilities, situated at Roha, Waluj, and Sinnar in Maharashtra, Baddi in Himachal Pradesh, and Verna in Goa.
FDC Buyback 2023 Detail
| Issue Period | August 31, 2023 – September 6, 2023 |
| Security Name | FDC Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 3,100,000.00 |
| Issue Size (Amount) | ₹155.00 Crores |
| Buyback Price | ₹500 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
FDC Buyback 2023 Issue Timetable
| Last Date to buy shares | August 24, 2023 |
| Record Date | August 25, 2023 |
| Offer Opens On | August 31, 2023 |
| Last Date for receipt of Tender Forms | September 8, 2023 |
| Offer Closes On * | September 6, 2023 |
| Finalisation of Buyback Acceptance | September 13, 2023 |
| Last Date for settlment of bids | September 13, 2023 |
| Last Date for Extinguishment of Shares | September 25, 2023 |
* Last Date to Tender shares on Zerodha : September 5, 2023
Buyback Ratio
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 12 Equity Shares out of every 131 Fully paid-up Equity Shares held on the Record Date. | 465,000.00 |
| General Category for all other Eligible Shareholders | 1 Equity Shares out of every 61 Fully paid-up Equity Shares held on the Record Date. | 2,635,000.00 |
Company Financials
| Period Ended | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 2,254.25 | 2,335.42 |
| Revenue | 1,597.70 | 1,830.94 |
| Profit After Tax | 219.64 | 200.97 |
| Net Worth | ||
| Reserves and Surplus | ||
| Total Borrowing |
Amount in ₹ Crore
Stock price at BSE (in preceding 3 months)
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jul-2023 | 350.20 | 306.80 | 334.45 |
| Jun-2023 | 327.60 | 289.85 | 311.33 |
| May-2023 | 314.95 | 281.40 | 298.28 |
Stock price at NSE (in preceding 3 months)
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jul-2023 | 350.15 | 306.55 | 332.85 |
| Jun-2023 | 327.95 | 291.25 | 311.40 |
| May-2023 | 315.00 | 282.05 | 297.98 |
Necessity of the Issue
The Buyback is being undertaken for the following reasons:
- The Buyback will result in reduction in the overall capital employed in the business, which will, in turn lead to higher earnings per share and enhanced return on equity and return on capital employed, return on net worth, return on assets, etc and long term increase in shareholders’ value.
- The Buyback will help the Company to distribute surplus cash to its Members holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to Members.
FDC B
Company Contact Information
FDC Limited
B – 8 MIDC area,
Waluj – 431 136
District – Aurangabad,
Phone: 0240 – 2554407
Email: contact@fdcindia.com
Website: https://www.fdcindia.com/