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Jan 10, 2022 - Jan 21, 2022

Cheviot Company Limited Buyback (Cheviot Company Buyback) Detail

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.

Cheviot Company Buyback Detail

Issue PeriodJan 10, 2022 - Jan 21, 2022
Security NameCheviot Company Limited
Issue TypeTender Offer
Issue Size (Shares)0.03 Crores
Issue Size (Amount)₹43.13 Crores
Buyback Price₹1725 per share
Face Value₹10 per share
Listing AtBSE

Cheviot Company Buyback Issue Timetable

Offer Opens OnJan 10, 2022
Offer Closes OnJan 21, 2022
Record DateDec 17, 2021
Last Date for receipt of Tender FormsJan 25, 2022
Finalisation of Buyback AcceptanceJan 28, 2022
Last Date for settlment of bidsJan 31, 2022
Last Date for Extinguishment of SharesFeb 9, 2022

Buyback Ratio

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.

Company Financials

Summary of financial Information Standalone)
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

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 1390 1131 1224.93
Oct-2021 1305 1102 1223.67
Sep-2021 1369.95 1250 1308.24

Necessity of the Issue

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).

Cheviot Company Buyback Documents

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Company Contact Information

Cheviot Company Limited
9th Floor, Magma House
24, Park Street,
Kolkata – 700016

Phone: +91 8232087911
Email: cheviot@chevjute.com
Website: https://www.groupcheviot.net/

Cheviot Company Buyback Registrar

  1. 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

Cheviot Company Buyback Manager

Lead Manager(s)

  1. VC Corporate Advisors Pvt Ltd (VCAPL)

Registered Broker

  1. EUREKA STOCK & SHARE BROKING SERVICES LIMITED
    Email: care@eurekasec.com

Find Cheviot Company Buyback Latest Update

Cheviot Company Buyback FAQs

The Cheviot Company Buyback opens on Jan 10, 2022, and closes on Jan 21, 2022.

The Cheviot Company Buyback is a Tender Offer.

Cheviot Company Buyback Schedule

Buyback Opening DateJan 10, 2022
Buyback Closing DateJan 21, 2022
Last Date for receipt of Tender FormsJan 25, 2022
Finalisation of Buyback AcceptanceJan 28, 2022
Last Date for settlment of bidsJan 31, 2022
Last Date for Extinguishment of SharesFeb 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 Dec 17, 2021.

The issue size of Cheviot Company Buyback is of 0.03 Crores 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.


3 Comments

3. Deepak  Jan 14, 2022 6:14:58 PM I Like It. | Report Abuse Reply
I have one shares, I got mail from Angel broking, iam eligible for buyback offer.. Reply...
2. KAMMA SIVA RAMA KRISHNA  Dec 8, 2021 5:05:27 PM I Like It. 1 | Report Abuse Reply
Size of the buyback. 02,50,000 shares
CMP. Rs. 1432.30
Personal View. If available @ Rs. 1400/- one may try with a hundred shares.
Thank you.
2.5. Amit  Dec 21, 2021 9:56:41 PM I Like It. | Report Abuse
Sor, Cheviot @ 1308....is it good opportunity to buy for buyback purpose.
2.6. KAMMA SIVA RAMA KRISHNA  Dec 22, 2021 9:29:06 AM I Like It. | Report Abuse
Amit ji,
The record date is 17/12/2021. So you can’t participate in the buyback even if you buy today. Sorry.
1. P Patel  Dec 13, 2021 1:15:04 PM I Like It. | Report Abuse Reply
@Admin - Seems like there is some error/mistake in Buyback listing. It shows wrong numbers under "Issue Size Amount (Cr.)" column. Almost for all company it shows 10. Please correct this.

Thanks in advance.
1.1. Team Chittorgarh.com  Dec 13, 2021 2:00:41 PM I Like It. 1 | Report Abuse
Thank you for your kind feedback. The error has been rectified.