Open Market Through Stock Exchange | ₹145.45 Crores | Listing at BSE, NSE | Wed, Nov 16, 2022 - Mon, May 15, 2023
Balrampur Chini Mills Ltd. Buyback is a tender offer for the repurchase of up to equity shares at a buyback price of ₹360 per share with a face value of ₹1 per share, aggregating to ₹145.45 crores.
The buyback opens on Nov 16, 2022 and closes on May 15, 2023.
Axis Capital Ltd. is the Manager to the Buyback and Kfin Technologies Ltd. is the Registrar and Axis Capital Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Balrampur Chini Mills Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Wed, Nov 16, 2022
Offer Closing Date
Mon, May 15, 2023
Buyback Price
₹360 per share
Record Date
[.]
| Period Ended | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|
| 31-Mar-20 | 779.84 | 509.28 | 2287.5 |
| 31-Mar-21 | 4845.11 | 469.77 | 2480.44 |
| 31-Mar-22 | 4893.94 | 514.66 | 2673.63 |
| Amount in ₹ Crore | |||
Balrampur Chini Mills Limited is one of the largest sugar manufacturing companies of India and the first one to diversify its business from sugar to distillery and cogeneration. The allied business of the company consists of manufacturing and marketing of ethanol, molasses, bagasseand generation and selling of power.
Balrampur Chini has 10 sugar factories located in Uttar Pradesh, having an aggregate crushing capacity of 77,500 tons per day, distillery capacity of 560KL per day and saleable co-generation capacity of 175.7 megawatts.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2022 | 366.95 | 306.80 | 343.47 |
| Jan-2022 | 385.85 | 335.45 | 363.80 |
| Jan-2022 | 404.15 | 329.00 | 352.13 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2022 | 367.00 | 307.30 | 343.73 |
| Jan-2022 | 385.90 | 335.15 | 363.87 |
| Jan-2022 | 404.50 | 329.00 | 352.13 |
The buyback is being undertaken for the following reason:
1.To optimize returns to shareholders.
2. To enhance overall shareholder value.
3. To optimize capital structure.
Balrampur Chini Mills Ltd.
FMC Fortuna,
2nd Floor, 234/3A,
A.J.C. Bose Road, Kolkatta - 700020
Lead Manager(s)
Registered Broker
The Balrampur Chini Buyback 2022 opens on November 16, 2022, and closes on May 15, 2023.
The Balrampur Chini Buyback 2022 is a Open Market Through Stock Exchange.
Balrampur Chini Buyback 2022 Schedule
| Buyback Opening Date | November 16, 2022 |
| Buyback Closing Date | May 15, 2023 |
| Last date for acceptance of shares | Upon relevant pay-out by the Stock exchange |
The Balrampur Chini Buyback 2022 is being offered at Rs ₹360 per share.
There is no ratio applicable in case of open market offer through stock exchange mechanism.
The Balrampur Chini Buyback 2022 has announced a buyback for an aggregate amount of not more than Rs. ₹145.45 Crores with pricing of Rs. ₹360 per share.
The buyback is being undertaken for the following reason:
1.To optimize returns to shareholders.
2. To enhance overall shareholder value.
3. To optimize capital structure.
Any equity shareholder holding the shares in Demat form can participate in the buyback offer through their stockbroker. The physical shareholder can participate only once the shares get converted into a Dematerialized form.
The shareholder needs to inform their broker on the details of the Equity shares they wish to sell. The broker will place a sell order whenever the company places a buy order for the buyback. The trade would get executed at the offer price or lesser only when the price offered by the shareholder matches with the buy order placed by the company.
The Balrampur Chini Buyback 2022 offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.
