Sep 2, 2021 - Mar 1, 2022

Kaveri Seed Company Limited Buyback (Kaveri Seed Buyback) Detail

Established in the year 1976, Kaveri seeds is the largest agriculture company specializing in Hybrid Seeds in India . The company is engaged in the production, processing, and marketing of high-quality hybrid seeds for different crops like corn, sunflower, cotton, paddy, grain sorghum, etc. The company has recently started dealing in micronutrients and bio-products.

Kaveri seeds has more than 1,00,000 production growers on 65,000 acres of land. Company's products cater across 12 different agro-climatic zones.

Kaveri Seed Buyback Detail

Issue PeriodSep 2, 2021 - Mar 1, 2022
Security NameKaveri Seed Company Limited
Issue TypeOpen Market Through Stock Exchange
Issue Size (Amount)₹120.00 Crores
Buyback Price₹850 per share
Face Value₹2 per share
Listing AtBSE, NSE

Company Financials

Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Crores)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 1,034.99 929.81 811.85
Profit After Tax 305.31 251.26 214.72
Net Worth 1,262.07 981.85 1,012.95
Reserves and Surplus 1,250.00 969.78 1,000.33

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2021 787.85 680.15 733.67
Jun-2021 747.15 639 712.07
May-2021 815.85 592 727.75

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2021 781.9 680.65 736.85
Jun-2021 747.95 675 711.16
May-2021 816.65 595.25 732.6

Necessity of the Issue

The Buyback aims to :
i) Help the company return surplus cash to its shareholders holding Equity.
ii) Improve return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders’ value.
iii) Give an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares to be accepted under the Buyback offer or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer, without additional investment.

Kaveri Seed Buyback Documents

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Company Contact Information

Kaveri Seed Company Limited
513-B, 5th Floor
Minerva Complex, SD Road
Secunderabad – 500003

Phone: +91- 40-27842398

Kaveri Seed Buyback Registrar

  1. Bigshare Services Pvt Ltd
       1st Floor, Bharat Tin Works Building,
       Opp. Vasant Oasis,Makwana Road,
       Marol, Andheri(E), Mumbai - 400 059

    Phone: +91-22-6263 8200

Kaveri Seed Buyback Manager

Lead Manager(s)

  1. Bajaj Capital Limited

Registered Broker

  1. R.L.P. Securities Private Limited

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