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Cheviot Company Ltd is a group company of Cheviot group and majorly deals in Jute products. Cheviot Company Ltd is engaged in the manufacturing of Sacking bags, Sacking Cloth, Hessian cloth & Bags, Decorative Fabrics - Jute and Jute blended Yarn and Jute blended with other Textile fibers. The company owns Jute Mills in West Bengal and manufactures jute fabrics and jute products. The company caters to both domestic and international markets. The company strongly focuses on quality standards and has received various quality assurance licensees. Cheviot Company is recognized as a Trading House by the government of India.
| Issue Period | January 10, 2022 - January 21, 2022 |
| Security Name | Cheviot Company Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 250,000 |
| Issue Size (Amount) | ₹43.13 Crores |
| Buyback Price | ₹1725 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Record Date | December 17, 2021 |
| Offer Opens On | January 10, 2022 |
| Last Date for receipt of Tender Forms | January 25, 2022 |
| Offer Closes On * | January 21, 2022 |
| Finalisation of Buyback Acceptance | January 28, 2022 |
| Last Date for settlment of bids | January 31, 2022 |
| Last Date for Extinguishment of Shares | February 9, 2022 |
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 13 Equity Shares out of every 141 shares held on the record date. |
| General Category for all other Eligible Shareholders | 31 Equity Shares out of every 854 shares held on the record date. |
| Particulars | For the year/period ended (Rs. in Millions) | |||
|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Income | 2,705.19 | 4,413.03 | 4,677.62 | 4,166.73 |
| Profit After Tax | 476.14 | 757.23 | 481.21 | 501.78 |
| Net Worth | 4,398.25 | 5,014.98 | 4,659.72 | 4,451.81 |
| Reserves and Surplus | 4,335.55 | 4,952.27 | 4,595.01 | 4,387.11 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Nov-2021 | 1,390.00 | 1,131.00 | 1,224.93 |
| Oct-2021 | 1,305.00 | 1,102.00 | 1,223.67 |
| Sep-2021 | 1,369.95 | 1,250.00 | 1,308.24 |
The Buyback aims to :
i) Distribute surplus funds to shareholders and thereby enhance their overall return.
ii) Improve financial ratios like Earnings per share (EPS), Return on assets (ROA) and Return on Equity (ROE).
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Cheviot Company Limited
9th Floor, Magma House
24, Park Street,
Kolkata – 700016
Phone: +91 8232087911
Email: cheviot@chevjute.com
Website: https://www.groupcheviot.net/
Maheshwari Datamatics Pvt. Ltd
Maheshwari Datamatics Pvt. Ltd,
6, Mangoe Lane,
2nd Floor, Kolkata-700 001
Phone: 033 22435029 / 22482248
Email: mdpldc@yahoo.com
Website: http://www.mdpl.in
Lead Manager(s)
Registered Broker
The Cheviot Company Buyback opens on January 10, 2022, and closes on January 21, 2022.
The Cheviot Company Buyback last day to buy is not available as of now.
The Cheviot Company Buyback is a Tender Offer.
Cheviot Company Buyback Schedule
| Buyback Opening Date | January 10, 2022 |
| Buyback Closing Date | January 21, 2022 |
| Last Date for receipt of Tender Forms | January 25, 2022 |
| Finalisation of Buyback Acceptance | January 28, 2022 |
| Last Date for settlment of bids | January 31, 2022 |
| Last Date for Extinguishment of Shares | February 9, 2022 |
The Cheviot Company Buyback is being offered at Rs ₹1725 per share per equity share.
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 13 Equity Shares out of every 141 shares held on the record date. |
| General Category for all other Eligible Shareholders | 31 Equity Shares out of every 854 shares held on the record date. |
The record date for the Cheviot Company Buyback is December 17, 2021.
The issue size of Cheviot Company Buyback is of 250,000 equity shares at ₹1725 per share aggregating upto ₹43.13 Crores.
The Buyback aims to :
i) Distribute surplus funds to shareholders and thereby enhance their overall return.
ii) Improve financial ratios like Earnings per share (EPS), Return on assets (ROA) and Return on Equity (ROE).
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 Cheviot Company 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.
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