Chittorgarh.com Logo
Loading...
Aug 17, 2021 - Feb 16, 2022

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

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.

Balrampur Chini Mills Buyback Detail

Issue PeriodAug 17, 2021 - Feb 16, 2022
Security NameBalrampur Chini Mills Limited
Issue TypeOpen Market Through Stock Exchange
Issue Size (Amount)₹215.25 Crores
Buyback Price₹410 per share
Face Value₹1 per share
Listing AtBSE, NSE

Company Financials

Summary of financial Information (standalone)
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

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2021 387.1 327.5 349.21
Jun-2021 370 294.35 338.2
May-2021 348.95 276.95 310.21

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2021 386.8 327.3 349.13
Jun-2021 370 294.4 338.27
May-2021 349.15 276.4 310.24

Necessity of the Issue

The Buyback aims to :
i) Optimize returns to shareholders.
ii) Enhance overall shareholder value.
iii) Optimize the capital structure.

Balrampur Chini Mills Buyback Documents

Balrampur Chini Mills Buyback Rating

9
3.9
Rating:Rated 3.9 stars

Vote Here ...

Balrampur Chini Mills Buyback Reviews

Sorry, we couldn't find any reviews, please check back later.

Company Contact Information

Balrampur Chini Mills Limited
FMC Fortuna,
2nd Floor, 234/3A
A.J.C. Bose Road, Kolkata – 700 020

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

Balrampur Chini Mills Buyback Registrar

  1. KFintech Private 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 Mills Buyback Manager

Lead Manager(s)

  1. Axis Capital Limited

Registered Broker

  1. Axis Capital Limited
    Email: qib@axiscap.in

Find Balrampur Chini Mills Buyback Latest Update

Balrampur Chini Mills Buyback FAQs

The Balrampur Chini Mills Buyback opens on Aug 17, 2021, and closes on Feb 16, 2022.

The Balrampur Chini Mills Buyback is a Open Market Through Stock Exchange.

Balrampur Chini Mills Buyback Schedule

Buyback Opening DateAug 17, 2021
Buyback Closing DateFeb 16, 2022
Last date for acceptance of sharesUpon relevant pay-out by the Stock exchange

The Balrampur Chini Mills Buyback is being offered at Rs ₹410 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 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.


4 Comments

4. ColdBurger  Aug 29, 2021 00:11 I Like It. | Report Abuse Reply
What if the price does not reach 410 during buyback period? Will company buy at current rate or will not buy?
3. MANEESH  Aug 16, 2021 14:50 I Like It. 1 | Report Abuse Reply
Will the rate of Balrampur Chini go up to 360 or 365 or 370?
3.1. RAKESH PUTHRAN  Aug 25, 2021 19:17 I Like It. | Report Abuse
Yes Upto 380.
2. RAKESH PUTHRAN  Aug 25, 2021 19:16 I Like It. | Report Abuse Reply
Fantastic Buy Back Announced by Kaveri Seed today . Max. Rs. 850/-
1. RAKESH PUTHRAN  Aug 25, 2021 19:05 I Like It. | Report Abuse Reply
Fantastic Buy Back Announced by Kaveri Seed . Max. Rs. 850/-