Tender Offer | ₹30.00 Crores | Listed at BSE, NSE | Tue, Jan 23, 2024 - Tue, Jan 30, 2024
Dhampur Sugar Mills Ltd Buyback is a tender offer for the repurchase of up to 0.10 crore equity shares, representing 1.50% of the total paid-up equity share capital at a buyback price of ₹300 per share with a face value of ₹10 per share, aggregating to ₹30.00 crores.
The record date for determining eligible shareholders is Jan 17, 2024. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Jan 23, 2024 and closes on Jan 30, 2024, with the last date for receipt of tender forms being Jan 30, 2024.
The finalisation of buyback acceptance is expected on Feb 5, 2024, followed by settlement of bids on Feb 6, 2024.
Centrum Capital Ltd. is the Manager to the Buyback and Alankit Assignments Ltd. is the Registrar and Centrum Broking Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Dhampur Sugar Mills Ltd Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Tue, Jan 23, 2024
Offer Closing Date
Tue, Jan 30, 2024
Buyback Price
₹300 per share
Record Date
January 17, 2024
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 31 Equity Shares out of every 1489 Fully paid-up Equity Shares held on the Record Date. | 150,000.00 |
| General Category for all other Eligible Shareholders | 19 Equity Shares out of every 1323 Fully paid-up Equity Shares held on the Record Date. | 850,000.00 |
Dhampur Sugar Mills Ltd's revenue increased by 32.93% and profit after tax (PAT) rose by 9.69% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,121.65 | 2,164.82 | 3,470.80 |
| Revenue | 2,889.50 | 2,173.62 | 2,245.03 |
| Profit After Tax | 157.99 | 144.03 | 198.62 |
| Net Worth | |||
| Reserves and Surplus | |||
| Total Borrowing | |||
| Amount in ₹ Crore | |||
Founded in 1933, Dhampur Sugar Mills Limited specializes in the integrated processing of sugarcane. The company is involved in the production and sale of sugar, chemicals, ethanol, and power co-generation.
The company uses by-products such as bagasse and molasses in its distillery and co-generation activities while producing sugar.
The Dhampur Group possesses and runs two sugarcane crushing complexes that are fully integrated, with different capacities.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Dec-2023 | 273.15 | 240.25 | 253.68 |
| Nov-2023 | 275.65 | 253.55 | 263.33 |
| Oct-2023 | 301.85 | 260.50 | 285.90 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Dec-2023 | 272.75 | 240.25 | 253.67 |
| Nov-2023 | 275.25 | 253.50 | 263.38 |
| Oct-2023 | 301.90 | 260.45 | 285.92 |
The buyback is undertaken for the following reasons:
Dhampur Sugar Mills Ltd
6th Floor, Max House
Okhla Industrial Estate,
Phase III New Delhi - 110020
New Delhi, New Delhi, 110020
Lead Manager(s)
Registered Broker
The Dhampur Sugar Mills Buyback 2024 opens on January 23, 2024, and closes on January 30, 2024.
Last date to be eligible to participate in buyback is January 16, 2024.
The Dhampur Sugar Mills Buyback 2024 is a Tender Offer.
Dhampur Sugar Mills Buyback 2024 Schedule
| Buyback Opening Date | January 23, 2024 |
| Buyback Closing Date | January 30, 2024 |
| Last Date for receipt of Tender Forms | January 30, 2024 |
| Finalisation of Buyback Acceptance | February 5, 2024 |
| Last Date for settlment of bids | February 6, 2024 |
| Last Date for Extinguishment of Shares | February 15, 2024 |
The Dhampur Sugar Mills Buyback 2024 is being offered at Rs ₹300 per share.
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 31 Equity Shares out of every 1489 Fully paid-up Equity Shares held on the Record Date. | 150,000.00 |
| General Category for all other Eligible Shareholders | 19 Equity Shares out of every 1323 Fully paid-up Equity Shares held on the Record Date. | 850,000.00 |
The issue size of Dhampur Sugar Mills Buyback 2024 is 10,00,000 equity shares at ₹300 per share aggregating up to ₹30.00 Crores.
The buyback is 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 Dhampur Sugar Mills 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.
