Open Market Through Stock Exchange | ₹215.25 Crores | Listing at BSE, NSE | Tue, Aug 17, 2021 - Wed, Feb 16, 2022
Balrampur Chini Mills Ltd. Buyback is a tender offer for the repurchase of up to equity shares at a buyback price of ₹410 per share with a face value of ₹1 per share, aggregating to ₹215.25 crores.
The buyback opens on Aug 17, 2021 and closes on Feb 16, 2022.
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
Tue, Aug 17, 2021
Offer Closing Date
Wed, Feb 16, 2022
Buyback Price
₹410 per share
Record Date
[.]
| Particulars | For the year/period ended (Rs. in Millions) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Income | 48,451.05 | 47,798.40 | 43,285.20 |
| Profit After Tax | 4,697.72 | 5,092.81 | 5,706.38 |
| Net Worth | 24,804.42 | 22,874.96 | 20,011.01 |
Balrampur Chini Mills Limited is one of the largest sugar manufacturing companies in India. It is one of the first sugar companies in the country to diversify its business from sugar to distillery and cogeneration.
Its allied business consists of manufacturing and marketing ethanol, molasses, bagasse, and power generation. The Company has ten sugar factories located in Uttar Pradesh with an aggregate crushing capacity of 76,500 tons per day, a distillery capacity of 520 KL per day, and a saleable cogeneration capacity of 168.70 megawatts.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jul-2021 | 387.10 | 327.50 | 349.21 |
| Jun-2021 | 370.00 | 294.35 | 338.20 |
| May-2021 | 348.95 | 276.95 | 310.21 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jul-2021 | 386.80 | 327.30 | 349.13 |
| Jun-2021 | 370.00 | 294.40 | 338.27 |
| May-2021 | 349.15 | 276.40 | 310.24 |
The Buyback aims to :
i) Optimize returns to shareholders.
ii) Enhance overall shareholder value.
iii) Optimize the capital structure.
Balrampur Chini Mills Ltd.
FMC Fortuna,
2nd Floor, 234/3A
A.J.C. Bose Road, Kolkata – 700 020
Kolkata, West Bengal, 700020
Lead Manager(s)
Registered Broker
The Balrampur Chini Mills Buyback opens on August 17, 2021, and closes on February 16, 2022.
The Balrampur Chini Mills Buyback is a Open Market Through Stock Exchange.
Balrampur Chini Mills Buyback Schedule
| Buyback Opening Date | August 17, 2021 |
| Buyback Closing Date | February 16, 2022 |
| Last date for acceptance of shares | Upon relevant pay-out by the Stock exchange |
The Balrampur Chini Mills Buyback is being offered at Rs ₹410 per share.
There is no ratio applicable in case of open market offer through stock exchange mechanism.
The Balrampur Chini Mills Buyback has announced a buyback for an aggregate amount of not more than Rs. ₹215.25 Crores with pricing of Rs. ₹410 per share.
The Buyback aims to :
i) Optimize returns to shareholders.
ii) Enhance overall shareholder value.
iii) Optimize the 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 Mills Buyback 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.
