https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20201008-15
Hopefully the new entity will be listed around the same time.
https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20201008-15
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Any idea on the listing of the new entity? Thanks
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Kindly share agm notes if anyone has it.
Agm notes.
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Privi Organic Q2FY21 - NO growth!
Rev down 6% at 315crs
Ebitda 48crs vs 47crs
Ebitda % 15.29% vs 14.25%
PBT 23.4crs vs 29crs
PAT 17crs vs 48crs (Not comparable due to Exp. Inc. of 25crs)
Despite Inc. demand for their products, the revenues r still subdued.
Depriciation has inc. but the asset is still sitting idle & not contributing anything to the revenue.
Any idea when the new company Fairchem Organics will be listed? It has been a long time since the shares were alloted - is this normal? Please advise - thanks.
Trading Members of the Exchange are hereby informed that effective from Thursday, December 24, 2020, the equity shares of Fairchem Organics Limited shall be listed and admitted to dealings on the Exchange in the list of T Group of Securities. Further in terms of SEBI circular No. CIR/MRD/DP/02/2012 dated January 20, 2012; the scrip will be in Trade-for-Trade segment for 10 trading days.
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U need to check ur eligibility,as shares had already been credited to eligible shareholders.
Can anyone shed some light of the price range for Fairchem Organics listing tomorrow?
Almost the entire purchase price of erstwhile Fairchem Speciality Chemicals has been apportioned to it! Though that has no significance to the listing price.
If we go purely by closing rate before demerger and listing price of privi then closing price before demerger date was 685 per share so total cost of acquisition of 3 shares of FSL was rs. 2055 and listing price of privi was 570 per share so if we deduct 570x3 then the value of Fairchem Organics share comes to rs 345 per share. as per market determined rate.
If we go by current or average price of Privi share post listing of rs 540-545 and so if we deduct 545x3 from 685Ă3 then price of Fairchem organics share comes to rs 420 per share.
If we go by financials and valuation of privi presently then privi seems to be quoting at a p/e of 14.65 and so based on Fairchem Organics trailing eps of 28 it should quote at rs 411 per share.
Closing price before demerger of rs. 685 was also quoting at 15x pe and if we see the results of Fairchem Organics Q1 it seems to be more severely affected by corona than privi and it has posted a loss in Q1.
So, I feel 400-425 should be the listing rate for Fairchem Organics.
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Itâs listed at 650 plus IST wise to book out as Der is some open offer also at 525 rs
So after the demerger now the business of Aroma Chemical is with Fairchem Speciality & the Nutraceutical & Oleochemical business with Fairchem Organics, is this a correct understanding?
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Yes thatâs correct & now thereâs also an open offer for acquiring public shareholding in Fairchem Organics
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Fairchem Organics Ltd (FOL) has a market share of ~70% in Dimer Acid and is the sole producer in India. From which country is the rest demand fulfilled? Also from where can we track the prices of the products of FOL ?
Received this letter of offer for their open offerâŚ
Q3 Revenue up 4.43% and Net profit down 41%
Poor Disclosure from management regarding the business developments.
Hope they start releasing Presentations and hold concalls
The promoters hold ~74% of fairchem organics and they have invited offers to further increase their holdings. Isnât there a cap on maximum holding of 75%?
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It is mandatory to give open offer when more than 25% of the shares exchange hands. Offer price set at 575.
But Fairchem organics is buzzing with all time high volumes today at 660. Profit doubled YOY, with company decided to focus again on derivates, nutraceuticals, capex coming online, biodiesel production starts in a year and a very low free float⌠Wonder why anyone would participate in buy offer when great potential lies ahead.
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