Tender Offer | ₹24.86 Crores | Listed at BSE | Wed, Feb 23, 2022 - Wed, Mar 9, 2022
James Warren Tea Ltd. Buyback is a tender offer for the repurchase of up to 0.08 crore equity shares at a buyback price of ₹295 per share with a face value of ₹10 per share, aggregating to ₹24.86 crores.
The record date for determining eligible shareholders is Jan 14, 2022. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Feb 23, 2022 and closes on Mar 9, 2022, with the last date for receipt of tender forms being Mar 11, 2022.
The finalisation of buyback acceptance is expected on Mar 21, 2022, followed by settlement of bids on Mar 21, 2022.
Fedex Securities Pvt.Ltd. is the Manager to the Buyback and Maheshwari Datamatics Pvt.Ltd. is the Registrar to the Buyback.
Investors are advised to refer to the James Warren Tea Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Wed, Feb 23, 2022
Offer Closing Date
Wed, Mar 9, 2022
Buyback Price
₹295 per share
Record Date
January 14, 2022
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 103 Equity Shares out of every 602 fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 38 Equity Shares out of every 239 fully paid-up Equity Shares held on the Record Date. |
| Particulars | For the year/period ended (Rs. in Millions) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Income | 1,339.76 | 1,457.94 | 1,489.75 |
| Profit After Tax | 289.60 | 30.08 | 40.32 |
| Net Worth | 921.27 | 860.99 | 1078.92 |
James Warren Tea is engaged in growing, harvesting, manufacturing, and selling tea products. The company has 6 tea estates situated in diverse locations in the State of Assam: (i) Balijan Tea Estate (ii) Deamoolie Tea Estate (iii) Dhoedaam Tea Estate (iv) Rajah Alli Tea Estate (v) Thowra Tea Estate (vi) Zaloni Tea Estate. The company has around 9,500 employees and the company's tea states cover almost 4000 Hectares of land. The company has strong quality control and supplies to all the major parts in India.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Dec-2021 | 272.75 | 256.50 | 261.54 |
| Nov-2021 | 254.40 | 198.10 | 239.96 |
| Oct-2021 | 214.65 | 187.80 | 208.83 |
The Buyback aims to :
i)Optimize returns to shareholders
ii)Enhance overall shareholders value; and
iii) Optimizes the capital structure.
James Warren Tea Ltd.
Dhoedaam Tea Estate,
P.O. Borahapjan, Dist. Tinsukia,
Assam - 786150
Tinsukia, Assam
The James Warren Tea Buyback opens on February 23, 2022, and closes on March 9, 2022.
The James Warren Tea Buyback last day to buy is not available as of now.
The James Warren Tea Buyback is a Tender Offer.
James Warren Tea Buyback Schedule
| Buyback Opening Date | February 23, 2022 |
| Buyback Closing Date | March 9, 2022 |
| Last Date for receipt of Tender Forms | March 11, 2022 |
| Finalisation of Buyback Acceptance | March 21, 2022 |
| Last Date for settlment of bids | March 21, 2022 |
| Last Date for Extinguishment of Shares | March 30, 2022 |
The James Warren Tea Buyback is being offered at Rs ₹295 per share.
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 103 Equity Shares out of every 602 fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 38 Equity Shares out of every 239 fully paid-up Equity Shares held on the Record Date. |
The issue size of James Warren Tea Buyback is 8,42,717 equity shares at ₹295 per share aggregating up to ₹24.86 Crores.
The Buyback aims to :
i)Optimize returns to shareholders
ii)Enhance overall shareholders value; and
iii) Optimizes the capital structure.
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 James Warren Tea 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.
