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Nov 16, 2022 - May 15, 2023

Balrampur Chini Mills Limited Buyback (Balrampur Chini Buyback 2022) Detail

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.

Balrampur Chini Buyback 2022 Detail

Issue PeriodNov 16, 2022 - May 15, 2023
Security NameBalrampur Chini Mills Limited
Issue TypeOpen Market Through Stock Exchange
Issue Size (Amount)₹145.45 Crores
Buyback Price₹360 per share
Face Value₹1 per share
Listing AtBSE, NSE

Company Financials

Balrampur Chini Mills Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet Worth
31-Mar-20779.84509.282287.5
31-Mar-214845.11469.772480.44
31-Mar-224893.94514.662673.63
Amount in ₹ Crore

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2022 366.95 306.8 343.47
Jan-2022 385.85 335.45 363.8
Jan-2022 404.15 329 352.13

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2022 367 307.3 343.73
Jan-2022 385.9 335.15 363.87
Jan-2022 404.5 329 352.13

Necessity of the Issue

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 Buyback 2022 Documents

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Company Contact Information

Balrampur Chini Mills Limited
FMC Fortuna,
2nd Floor, 234/3A,
A.J.C. Bose Road, Kolkatta - 700020

Phone: +91 33 2287 4749
Email: investorgrievances@bcml.in
Website: https://chini.com/

Balrampur Chini Buyback 2022 Registrar

  1. KFin Technologies Limited
       KFintech, Tower-B, Plot No 31 & 32,
       Financial District, Nanakramguda, Gachibowli,
       Hyderabad, Telangana India - 500 032.

    Phone: 04067162222, 04079611000
    Email: einward.ris@kfintech.com
    Website: https://karisma.kfintech.com/

Balrampur Chini Buyback 2022 Manager

Lead Manager(s)

  1. Axis Capital Limited

Registered Broker

  1. Axis Capital Limited
    Email: amrish.parmar@axiscap.in

Find Balrampur Chini Buyback 2022 Latest Update

Balrampur Chini Buyback 2022 FAQs

The Balrampur Chini Buyback 2022 opens on Nov 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 DateNov 16, 2022
Buyback Closing DateMay 15, 2023
Last date for acceptance of sharesUpon relevant pay-out by the Stock exchange

The Balrampur Chini Buyback 2022 is being offered at Rs ₹360 per share per equity share.

There is no ratio applicable in case of open market offer through stock exchange mechanism.

There is no concept of record date in case of open market 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.


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