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Jan 27, 2023 - Feb 9, 2023

Cosmo First Limited Buyback (Cosmo First Buyback) Detail

Cosmo First Limited manufactures speciality films for packaging, lamination, and labelling applications. The company has also made inspiring diversifications into Specialty Chemicals and Pet Care, aiming to pioneer these previously fragmented industries.

The Company offers high-barrier films, velvet lamination, and synthetic paper. 

Over the years, the company has made inspiring diversifications into speciality chemicals, consumer care, and D2C retail, aiming to be a pioneer in these previously fragmented industries.

Cosmo First Buyback Detail

Issue PeriodJan 27, 2023 - Feb 9, 2023
Security NameCosmo First Limited
Issue TypeTender Offer
Issue Size (Shares)1,009,345.00
Issue Size (Amount)₹108.00 Crores
Buyback Price₹1070 per share
Face Value₹10 per share
Listing AtBSE, NSE

Cosmo First Buyback Issue Timetable

Last Date to buy sharesDec 12, 2022
Record DateDec 14, 2022
Offer Opens OnJan 27, 2023
Last Date for receipt of Tender FormsFeb 9, 2023
Offer Closes OnFeb 9, 2023
Finalisation of Buyback AcceptanceFeb 17, 2023
Last Date for settlment of bidsFeb 20, 2023
Last Date for Extinguishment of SharesFeb 27, 2023

Buyback Ratio

CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders8 Equity Share out of every 121 Fully paid-up Equity Shares held on the Record Date.151402
General Category for all other Eligible Shareholders29 Equity Share out of every 844 Fully paid-up Equity Shares held on the Record Date.857943

Company Financials

Cosmo First Limited Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202222.99113.44726.63707.19789.45
31-Mar-212322.92136841.19823.02760.29
31-Mar-223086.71396.611175.431157.26810.05
30-Sep-221638.91166.531332.61305.34839.16
Amount in ₹ Crore

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 814.2 657.95 738.71
Oct-2022 899.3 728.05 812.91
Sep-2022 929.9 837.05 880.26

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 815 658.1 738.94
Oct-2022 895.55 728.8 812.42
Sep-2022 925 837 880.57

Necessity of the Issue

The buyback is being undertaken for the following reason:

  • The Buyback will improve financial ratios like earnings per share, return on capital employed and return on equity, calculated on the basis of financial statements, by reduction in the equity basis of the Company, thereby leading to long term increase in shareholders' value.
  • The Buyback will help in achieving an optimal capital structure.
  • The Buyback will help the Company to distribute surplus cash to the Eligible Shareholders broadly in proportion to their shareholding, thereby, enhancing their overall return.

Cosmo First Buyback Documents

Cosmo First Buyback Rating

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Company Contact Information

Cosmo First Limited
1008, DLF Tower
- A, Jasola District Centre
New Delhi - 110 025

Phone: +91-11-49 49 49 49
Email: info@cosmofirst.com
Website: https://www.cosmofirst.com/

Cosmo First Buyback Registrar

  1. Link Intime India Private Ltd
       Link Intime India Private Ltd
       C 101, 247 Park, L.B.S.Marg,
       Vikhroli (West), Mumbai - 400083

    Phone: +91-22-4918 6270
    Email: cosmofirst.buyback2022@linkintime.co.in
    Website: https://linkintime.co.in/

Cosmo First Buyback Manager

Lead Manager(s)

  1. Anand Rathi Securities Limited

Registered Broker

  1. Anand Rathi Share & Stock Broker Limited
    Email: roshanmoondra@rathi.com

Find Cosmo First Buyback Latest Update

Cosmo First Buyback FAQs

The Cosmo First Buyback opens on Jan 27, 2023, and closes on Feb 9, 2023.

Last date to be eligible to participate in buyback is Dec 12, 2022.

The Cosmo First Buyback is a Tender Offer.

Cosmo First Buyback Schedule

Buyback Opening DateJan 27, 2023
Buyback Closing DateFeb 9, 2023
Last Date for receipt of Tender FormsFeb 9, 2023
Finalisation of Buyback AcceptanceFeb 17, 2023
Last Date for settlment of bidsFeb 20, 2023
Last Date for Extinguishment of SharesFeb 27, 2023

The Cosmo First Buyback is being offered at Rs ₹1070 per share per equity share.

CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders8 Equity Share out of every 121 Fully paid-up Equity Shares held on the Record Date.151402
General Category for all other Eligible Shareholders29 Equity Share out of every 844 Fully paid-up Equity Shares held on the Record Date.857943

You could sell Cosmo First Buyback on Dec 13, 2022 to remain eligible for buyback. The record date for Cosmo First Buyback buyback is Dec 14, 2022.

The record date for the Cosmo First Buyback is Dec 14, 2022.

The issue size of Cosmo First Buyback is of 1,009,345.00 equity shares at ₹1070 per share aggregating upto ₹108.00 Crores.

The buyback is being undertaken for the following reason:

  • The Buyback will improve financial ratios like earnings per share, return on capital employed and return on equity, calculated on the basis of financial statements, by reduction in the equity basis of the Company, thereby leading to long term increase in shareholders' value.
  • The Buyback will help in achieving an optimal capital structure.
  • The Buyback will help the Company to distribute surplus cash to the Eligible Shareholders broadly in proportion to their shareholding, thereby, enhancing their overall return.

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 Cosmo First 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.


1 Comments

1. KAMMA SIVA RAMA KRISHNA   I Like It. 1|Report Abuse|  Link|Dec 5, 2022 7:56:57 PMReply
Record Date is 14/12/2022.
1.6. I kHAN   I Like It. |Report Abuse|  Link|Dec 15, 2022 2:06:48 PM
No @ Anshu, as it must be in your demat holding on record date
1.7. KAMMA SIVARAMAKRISHNA   I Like It. |Report Abuse|  Link|Jan 19, 2023 8:25:57 PM
COSMO FIRST LIMITED BUYBACK:

Opening Date. 27/01/2023
Closing Date. 09/02/2023
Last date of settlement. 20/02/2023