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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

Navneet Education Buyback Rating

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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: https://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

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