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Feb 23, 2022 - Mar 9, 2022

James Warren Tea Limited Buyback (James Warren Tea Buyback) Detail

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.

James Warren Tea Buyback Detail

Issue PeriodFeb 23, 2022 - Mar 9, 2022
Security NameJames Warren Tea Limited
Issue TypeTender Offer
Issue Size (Shares)842,717.00
Issue Size (Amount)₹24.86 Crores
Buyback Price₹295 per share
Face Value₹10 per share
Listing AtBSE

James Warren Tea Buyback Issue Timetable

Record DateJan 14, 2022
Offer Opens OnFeb 23, 2022
Last Date for receipt of Tender FormsMar 11, 2022
Offer Closes OnMar 9, 2022
Finalisation of Buyback AcceptanceMar 21, 2022
Last Date for settlment of bidsMar 21, 2022
Last Date for Extinguishment of SharesMar 30, 2022

Buyback Ratio

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.

Company Financials

Summary of financial Information (standalone)
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

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2021 272.75 256.5 261.54
Nov-2021 254.4 198.1 239.96
Oct-2021 214.65 187.8 208.83

Necessity of the Issue

The Buyback aims to :
i)Optimize returns to shareholders
ii)Enhance overall shareholders value; and
iii) Optimizes the capital structure.

James Warren Tea Buyback Documents

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Company Contact Information

James Warren Tea Limited
Dhoedaam Tea Estate,
P.O. Borahapjan, Dist. Tinsukia,
Assam - 786150

Phone: 91-33-40341000
Email: sec@jwtl.in
Website: https://www.jameswarrentea.com/

James Warren Tea 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

James Warren Tea Buyback Manager

Lead Manager(s)

  1. Fedex Securities Limited

Find James Warren Tea Buyback Latest Update

James Warren Tea Buyback FAQs

The James Warren Tea Buyback opens on Feb 23, 2022, and closes on Mar 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 DateFeb 23, 2022
Buyback Closing DateMar 9, 2022
Last Date for receipt of Tender FormsMar 11, 2022
Finalisation of Buyback AcceptanceMar 21, 2022
Last Date for settlment of bidsMar 21, 2022
Last Date for Extinguishment of SharesMar 30, 2022

The James Warren Tea Buyback is being offered at Rs ₹295 per share per equity 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 record date for the James Warren Tea Buyback is Jan 14, 2022.

The issue size of James Warren Tea Buyback is of 842,717.00 equity shares at ₹295 per share aggregating upto ₹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.


2 Comments

2. ashvin raval     Link|Feb 23, 2022 11:21:45 AM
No meaning for buyback. no differece in cmp or buyback price.
perhaps cmp may be rise before buyback record price. so its totally loss making offer. No logic for buyback for customers
1. Kiaan     Link|Jan 9, 2022 12:09:39 PM
Why is nobody interested in this buyback?
1.1. KAMMA SIVA RAMA KRISHNA     Link|Jan 10, 2022 2:52:41 PM
Sir,
Buyback price is Rs.295/- and CMP is Rs. 285/-. As there is no much difference between the CMP n the Buyback price and the size of the buyback is also not attractive, no one is interested in this buyback. Thank you.