Petrochemicals complex profile: Gujarat Narmada Valley Fertilizers & Chemicals Bharuch Complex, India

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Petrochemicals complex profile: Gujarat Narmada Valley Fertilizers & Chemicals Bharuch Complex, India About Gujarat Narmada Valley Fertilizers & Chemicals

Gujarat Narmada Valley Fertilizers & Chemicals Bharuch Complex is an active petrochemical complex located in Gujarat, India. According to GlobalData, who tracks more than 13,000 active and developing petrochemical plants worldwide, the complex started commercial operations in 1982. The plants are operated by Gujarat Narmada Valley Fertilizers & Chemicals.

Urea accounts for the majority of the total annual capacity of the complex, followed by ammonia and methanol respectively.

Important Details for Gujarat Narmada Valley Fertilizers & Chemicals Limited Buyback 2023

Issue Period	Yet to be announced
Last Date to buy shares	23-Nov-23
Record Date	24-Nov-23
Security Name	Gujarat Narmada Valley Fertilizers & Chemicals Limited
Issue Type	Tender Offer
Issue Size (Shares)	8,478,100
Issue Size (Amount)	Rs 652.81 Crores
Buyback Price	Rs 770 per share
Face Value	Rs 10 per share
Listing At	BSE, NSE

Lead managers for Gujarat Narmada Valley Fertilizers & Chemicals Limited Buyback

The Lead manager of the Gujarat Narmada Valley Fertilizers & Chemicals Limited Buyback is SBI Capital Markets Limited.

Registrar of the Gujarat Narmada Valley Fertilizers & Chemicals Limited Buyback

Registrar of the Gujarat Narmada Valley Fertilizers & Chemicals Limited Buyback is Kfin Technologies Limited.

Gujarat Narmada Valley Fertilizers & Chemicals Limited Financial Information (Consolidated Rs in Crore)

Period Ended	31-Mar-23	31-Mar-22	31-Mar-21
Assets	11,695.53	10,734.39	8,384.81
Revenue	10,588.16	8,851.71	5,365.92
Profit After Tax	1,471.54	1,710.41	689.21
Reserves and Surplus	8,949.69	7,834.61	5,912.78

FAQs

What is the buyback price per share?

The buyback price per equity share is Rs 770.

How many shares are being purchased in the buyback?

Gujarat Narmada Valley Fertilizers & Chemicals Limited will buy back 8,478,100 equity shares, which represents 5.46% of the total number of equity shares in the company’s paid-up share capital.

How much is the total amount allocated for the buyback?

The total buyback amount is Rs 652.81 Crores.

How will the buyback process take place?

The buyback will be conducted through the tender offer route. Shareholders who wish to participate can tender (offer) their shares at the buyback price of Rs 770 per share.

What is the face value of Gujarat Narmada Valley Fertilizers & Chemicals Limited’s shares?

The face value of the company’s shares is Rs 10 per share.

Is it mandatory for shareholders to participate in the buyback?

No, participation in the buyback is entirely voluntary. Shareholders can choose whether or not to tender their shares in the buyback offer.

About Gujarat Narmada Valley Fertilizers & Chemicals

Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC) is a chemical manufacturing company that manufactures, develops, and markets fertilizers and specialty chemicals. The company products include urea, nitro phosphate, neem de-oiled cake, neem pesticides, diammonium phosphate, muriate of potash, single superphosphate, city compost, methanol, acetic acid (glacial), toluene diisocyanate, aniline, nitric acid, nitric acid, formic acid, ammonium nitrate, ethyl acetate, methyl formate, calcium carbonate, nitrobenzene, catsol, technical grade urea, liquid nitrogen, ortho-toluene diamine, meta-toluene diamine, dilute sulphuric acid, dilute nitric acid, and sodium hypochlorite. It also provides tissue culture, soil, and water analysis. The company offers its products to federations, Agro industries, co-operatives, corporates, private companies, and farmers through its brand Narmada. GNFC is headquartered in Narmadanagar, Gujarat, India.