Tender Offer | ₹700.00 Crores | Listed at BSE, NSE | Wed, Jan 24, 2024 - Wed, Jan 31, 2024
Chambal Fertilisers and Chemicals Ltd. Buyback is a tender offer for the repurchase of up to 1.56 crore equity shares, representing 3.74% of the total paid-up equity share capital at a buyback price of ₹450 per share with a face value of ₹10 per share, aggregating to ₹700.00 crores.
The record date for determining eligible shareholders is Jan 18, 2024. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Jan 24, 2024 and closes on Jan 31, 2024, with the last date for receipt of tender forms being Jan 31, 2024.
The finalisation of buyback acceptance is expected on Feb 6, 2024, followed by settlement of bids on Feb 7, 2024.
Axis Capital Ltd. is the Manager to the Buyback and MUFG Intime India Pvt.Ltd. is the Registrar and Axis Capital Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Chambal Fertilisers and Chemicals Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Wed, Jan 24, 2024
Offer Closing Date
Wed, Jan 31, 2024
Buyback Price
₹450 per share
Record Date
January 18, 2024
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 1 Equity Shares out of every 14 Fully paid-up Equity Shares held on the Record Date. | 2,333,334.00 |
| General Category for all other Eligible Shareholders | 1 Equity Shares out of every 29 Fully paid-up Equity Shares held on the Record Date. | 13,222,221.00 |
Chambal Fertilisers and Chemicals Limited's revenue increased by 73.15% and profit after tax (PAT) dropped by -33.99% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Revenue | 11,065.50 | 27,940.57 | 16,136.83 | 12,756.36 |
| Profit After Tax | 719.56 | 1,033.79 | 1,566.06 | 1,747.59 |
| Net Worth | 7,690.18 | 7,052.92 | 6,386.09 | 5,235.75 |
| Total Borrowing | 2,281.11 | 3,335.27 | 4,323.09 | 3,918.41 |
| Amount in ₹ Crore | ||||
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Dec-2023 | 381.60 | 320.05 | 350.35 |
| Nov-2023 | 319.00 | 285.25 | 303.97 |
| Oct-2023 | 295.25 | 269.95 | 282.87 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Dec-2023 | 381.45 | 320.20 | 350.43 |
| Nov-2023 | 319.05 | 285.35 | 304.01 |
| Oct-2023 | 295.60 | 270.00 | 283.02 |
The Buyback is being undertaken for the following reasons:
Chambal Fertilisers and Chemicals Ltd.
Corporate One, First Floor
Commercial Centre, Jasola
New Delhi - 110 025
New Delhi, New Delhi, 110025
Lead Manager(s)
Registered Broker
The Chambal Fertilisers and Chemicals Buyback 2024 opens on January 24, 2024, and closes on January 31, 2024.
Last date to be eligible to participate in buyback is January 17, 2024.
The Chambal Fertilisers and Chemicals Buyback 2024 is a Tender Offer.
Chambal Fertilisers and Chemicals Buyback 2024 Schedule
| Buyback Opening Date | January 24, 2024 |
| Buyback Closing Date | January 31, 2024 |
| Last Date for receipt of Tender Forms | January 31, 2024 |
| Finalisation of Buyback Acceptance | February 6, 2024 |
| Last Date for settlment of bids | February 7, 2024 |
| Last Date for Extinguishment of Shares | February 16, 2024 |
The Chambal Fertilisers and Chemicals Buyback 2024 is being offered at Rs ₹450 per share.
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 1 Equity Shares out of every 14 Fully paid-up Equity Shares held on the Record Date. | 2,333,334.00 |
| General Category for all other Eligible Shareholders | 1 Equity Shares out of every 29 Fully paid-up Equity Shares held on the Record Date. | 13,222,221.00 |
The issue size of Chambal Fertilisers and Chemicals Buyback 2024 is 1,55,55,555 equity shares at ₹450 per share aggregating up to ₹700.00 Crores.
The Buyback is being undertaken for the following reasons:
All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.
The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.
The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.
The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.
The Chambal Fertilisers and Chemicals Buyback 2024 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.
