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Jun 7, 2021 - Dec 6, 2021

Navneet Education Limited Buyback (Navneet Education Buyback) Detail

Navneet Education Limited is India's most loved and preferred brand for educational content and a dominant player in the field of publishing. The Company manufactures stationery, general books, and books for children in multiple Indian and foreign languages. It is also engaged in the management of 'The Orchid International School.'
The Company has its manufacturing units situated at Dantali, Silvassa,Khaniwade and warehouses at Khaniwade, Silvassa, and at Ghuma Gujarat where finished goods are stored.
Vikas workbooks, Gala practice books, Grafalco pre-primary books, YOUVA full-scapes, TOPClass digital educational solution, and TOPScorer e-learning techniques are the popular products and prominent brands owned by the Company.

Navneet Education Buyback Detail

Issue PeriodJun 7, 2021 - Dec 6, 2021
Security NameNavneet Education Limited
Issue TypeOpen Market Through Stock Exchange
Issue Size (Amount)₹50.00 Crores
Buyback Price₹100 per share
Face Value₹2 per share
Listing AtBSE, NSE

Company Financials

Summary of financial Information (consolidated)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 8,482.20 15,344.70 1,4619.30
Profit After Tax 559.10 1,972.40 1,528.20
Net Worth 9,343.90 8,784.70 7,916.00

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Apr-2021 85.1 72.85 77.53
Mar-2021 95.1 79.5 85.15
Feb-2021 91.8 80 84.09

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Apr-2021 85.2 73.25 77.47
Mar-2021 95.2 79.45 85.16
Feb-2021 91 80.35 84.1

Necessity of the Issue

The Buyback aims to :
i) Return surplus cash to the shareholders and enhance overall return to the shareholders.
ii) Improve Return on Equity and Earnings per share and thereby enhance shareholder value in the long term.

Navneet Education Buyback Documents

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Company Contact Information

Navneet Education Limited
Navneet Bhavan, Bhavani Shankar Road,
Dadar (West), Mumbai – 400 028


Phone: +91 22 6662 6565
Email: secretarial@navneet.com
Website: https://www.navneet.com/

Navneet Education Buyback Registrar

  1. Link Intime India Private Ltd
       Link Intime India Private Ltd
       C 101, 247 Park, L.B.S.Marg,
       Vikhroli (West), Mumbai - 400083

    Phone: +91-22-4918 6270
    Email: rnt.helpdesk@linkintime.com
    Website: http://www.linkintime.co.in

Navneet Education Buyback Manager

Lead Manager(s)

  1. Inga Ventures Pvt Ltd

Registered Broker

  1. Ghalla Bhansali Stock Brokers Private Limited
    Email: pareshv@ghallabhansali.com

Find Navneet Education Buyback Latest Update

Navneet Education Buyback FAQs

The Navneet Education Buyback opens on Jun 7, 2021, and closes on Dec 6, 2021.

The Navneet Education Buyback is a Open Market Through Stock Exchange.

Navneet Education Buyback Schedule

Buyback Opening DateJun 7, 2021
Buyback Closing DateDec 6, 2021
Last date for acceptance of sharesUpon relevant pay-out by the Stock exchange

The Navneet Education Buyback is being offered at Rs ₹100 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 Navneet Education Buyback has announced a buyback for an aggregate amount of not more than Rs. ₹50.00 Crores with pricing of Rs.₹100 per share.

The Buyback aims to :
i) Return surplus cash to the shareholders and enhance overall return to the shareholders.
ii) Improve Return on Equity and Earnings per share and thereby enhance shareholder value in the long term.

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 Navneet Education 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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