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Jan 7, 2022 - Jul 6, 2022

The Great Eastern Shipping Company Limited Buyback (Great Eastern Shipping Buyback) Detail

G E Shipping is one of the largest private-sector shipping service providers in India. The company also has a strong presence in the international maritime industry.
The company's shipping business operates under two main businesses: (1) Dry bulk carriers and (ii) Tankers. The company has a fleet of 45 ships aggregating to 3.57 Mn DWT (Deadweight Tonnage). The company has been certified to ISO 9001: 2015, ISO 14001: 2015, and ISO 45001: 2018 standards by DNV.GL

Great Eastern Shipping Buyback Detail

Issue PeriodJan 7, 2022 - Jul 6, 2022
Security NameThe Great Eastern Shipping Company Limited
Issue TypeOpen Market Through Stock Exchange
Issue Size (Amount)₹225.00 Crores
Buyback Price₹333 per share
Face Value₹10 per share
Listing AtBSE, NSE

Company Financials

Summary of financial Information (Standalone)
Particulars For the year/period ended (Rs. in Millions)
  30-Sep-21 31-March-21 31-March-20 31-March-19
Total Income 14,670 28,930 30,910 28,150
Profit After Tax 3,730 10,300 2,810 -190
Net Worth 63,560 60,980 50,670 50,660
Reserves & Surplus 62,090 59,510 49,200 49,150

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 351.8 291.25 325.81
Oct-2021 382 311.05 346.46
Sep-2021 379 348.75 362.27

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 352.1 291.3 325.7
Oct-2021 382.25 310.8 346.45
Sep-2021 379.2 351.1 362.46

Necessity of the Issue

The Buyback aims to :
i) Reduce outstanding number of equity shares and consequently increase earnings per share and book value per share.
ii) Effectively utilize available cash; and
iii) Improve key return ratios like return on equity capital.

Great Eastern Shipping Buyback Documents

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Company Contact Information

The Great Eastern Shipping Company Limited
Ocean House,
134/A, Dr Annie Besant Road,
Worli, Mumbai· 400018

Phone: +91 22 66613000
Email: shares@greatship.com
Website: https://www.greatship.com/

Great Eastern Shipping Buyback Registrar

  1. KFintech Private Limited
       KFintech, Tower-B, Plot No 31 & 32,
       Financial District, Nanakramguda, Gachibowli,
       Hyderabad, Telangana India - 500 032.

    Phone: 04067162222, 04079611000
    Email: einward.ris@kfintech.com
    Website: https://karisma.kfintech.com/

Great Eastern Shipping Buyback Manager

Lead Manager(s)

  1. Kotak Mahindra Capital Company Limited

Registered Broker

  1. Kotak Securities Limited
    Email: service.securities@kotak.com

Find Great Eastern Shipping Buyback Latest Update

Great Eastern Shipping Buyback FAQs

The Great Eastern Shipping Buyback opens on Jan 7, 2022, and closes on Jul 6, 2022.

The Great Eastern Shipping Buyback is a Open Market Through Stock Exchange.

Great Eastern Shipping Buyback Schedule

Buyback Opening DateJan 7, 2022
Buyback Closing DateJul 6, 2022
Last date for acceptance of sharesUpon relevant pay-out by the Stock exchange

The Great Eastern Shipping Buyback is being offered at Rs ₹333 per share per equity share.

There is no ratio applicable in case of open market offer through stock exchange mechanism.

There is no concept of record date in case of open market through stock exchange mechanism.

The Great Eastern Shipping Buyback has announced a buyback for an aggregate amount of not more than Rs. ₹225.00 Crores with pricing of Rs.₹333 per share.

The Buyback aims to :
i) Reduce outstanding number of equity shares and consequently increase earnings per share and book value per share.
ii) Effectively utilize available cash; and
iii) Improve key return ratios like return on equity capital.

Any equity shareholder holding the shares in Demat form can participate in the buyback offer through their stockbroker. The physical shareholder can participate only once the shares get converted into a Dematerialized form.

The shareholder needs to inform their broker on the details of the Equity shares they wish to sell. The broker will place a sell order whenever the company places a buy order for the buyback. The trade would get executed at the offer price or lesser only when the price offered by the shareholder matches with the buy order placed by the company.

The Great Eastern Shipping 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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