Tender Offer | ₹360.00 Crores | Listed at BSE, NSE | Thu, Mar 6, 2025 - Wed, Mar 12, 2025
Nava Ltd. Buyback is a tender offer for the repurchase of up to 0.72 crore equity shares, representing 2.48% of the total paid-up equity share capital at a buyback price of ₹500 per share with a face value of ₹1 per share, aggregating to ₹360.00 crores.
The record date for determining eligible shareholders is Feb 28, 2025. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Mar 6, 2025 and closes on Mar 12, 2025, with the last date for receipt of tender forms being Mar 12, 2025.
The finalisation of buyback acceptance is expected on Mar 19, 2025, followed by settlement of bids on Mar 19, 2025.
Anand Rathi Advisors Ltd. is the Manager to the Buyback and Kfin Technologies Ltd. is the Registrar to the Buyback.
Investors are advised to refer to the Nava Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Thu, Mar 6, 2025
Offer Closing Date
Wed, Mar 12, 2025
Buyback Price
₹500 per share
Record Date
February 28, 2025
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 17 Equity Shares out of every 83 Fully paid-up Equity Shares held on the Record Date. | 10,80,000 |
| General Category for all other Eligible Shareholders | 8 Equity Shares out of every 187 Fully paid-up Equity Shares held on the Record Date. | 61,20,000 |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | ||||||||||||||||||
| Assets | 9,698.1 | 11,159.98 | ||||||||||||||||||
| Revenue | 3,955.03 | 3,928 | ||||||||||||||||||
| Profit After Tax | 1,255.32 | 1,220.17 | ||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||
Nava Limited is engaged in the business of power generation and Operations & Maintenance services, ferro alloys, mining, agri-business, and health care services. With four decades in business, Nava Limited (formerly known as Nava Bharat Ventures Limited) is now a multinational company, operating in India, South East Asia, and Africa.
The company has two ferro alloy plants in India located in Telangana and Odisha. Nava Limited has 4 power plants located in Telangana, Odisha and Andhra Pradesh.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2025 | 1,016.40 | 823.60 | 917.55 |
| Dec-2024 | 1,069.95 | 962.70 | 1,014.40 |
| Nov-2024 | 1,130.00 | 877.35 | 975.56 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2025 | 1,016.40 | 842.98 | 0.00 |
| Dec-2024 | 1,070.00 | 972.05 | 1,014.36 |
| Nov-2024 | 1,122.90 | 877.10 | 975.13 |
The Buyback is being undertaken for the following reasons:
Nava Ltd.
Nava Bharat Chambers, 6-3-1109/1,
3rd Floor, Raj Bhavan Road,
Somajiguda, Hyderabad, 500082
Hyderabad, Telangana, 500082
The Nava Limited Buyback 2025 opens on March 6, 2025, and closes on March 12, 2025.
Last date to be eligible to participate in buyback is February 27, 2025.
The Nava Limited Buyback 2025 is a Tender Offer.
Nava Limited Buyback 2025 Schedule
| Buyback Opening Date | March 6, 2025 |
| Buyback Closing Date | March 12, 2025 |
| Last Date for receipt of Tender Forms | March 12, 2025 |
| Finalisation of Buyback Acceptance | March 19, 2025 |
| Last Date for settlment of bids | March 19, 2025 |
| Last Date for Extinguishment of Shares | April 1, 2025 |
The Nava Limited Buyback 2025 is being offered at Rs ₹500 per share.
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 17 Equity Shares out of every 83 Fully paid-up Equity Shares held on the Record Date. | 10,80,000 |
| General Category for all other Eligible Shareholders | 8 Equity Shares out of every 187 Fully paid-up Equity Shares held on the Record Date. | 61,20,000 |
The issue size of Nava Limited Buyback 2025 is 72,00,000 equity shares at ₹500 per share aggregating up to ₹360.00 Crores.
The Buyback is being 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 Nava Limited Buyback 2025 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.
