Open Market Through Stock Exchange | ₹50.00 Crores | Listing at BSE, NSE | Mon, Jun 7, 2021 - Mon, Dec 6, 2021
Navneet Education Ltd. Buyback is a tender offer for the repurchase of up to equity shares at a buyback price of ₹100 per share with a face value of ₹2 per share, aggregating to ₹50.00 crores.
The buyback opens on Jun 7, 2021 and closes on Dec 6, 2021.
Inga Ventures Pvt.Ltd. is the Manager to the Buyback and MUFG Intime India Pvt.Ltd. is the Registrar and Ghalla Bhansali Stock Brokers Private Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Navneet Education Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Mon, Jun 7, 2021
Offer Closing Date
Mon, Dec 6, 2021
Buyback Price
₹100 per share
Record Date
[.]
| 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 |
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.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Apr-2021 | 85.10 | 72.85 | 77.53 |
| Mar-2021 | 95.10 | 79.50 | 85.15 |
| Feb-2021 | 91.80 | 80.00 | 84.09 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Apr-2021 | 85.20 | 73.25 | 77.47 |
| Mar-2021 | 95.20 | 79.45 | 85.16 |
| Feb-2021 | 91.00 | 80.35 | 84.10 |
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 Ltd.
Navneet Bhavan, Bhavani Shankar Road,
Dadar (West), Mumbai – 400 028
Mumbai, Maharashtra, 400028
Lead Manager(s)
Registered Broker
The Navneet Education Buyback opens on June 7, 2021, and closes on December 6, 2021.
The Navneet Education Buyback is a Open Market Through Stock Exchange.
Navneet Education Buyback Schedule
| Buyback Opening Date | June 7, 2021 |
| Buyback Closing Date | December 6, 2021 |
| Last date for acceptance of shares | Upon relevant pay-out by the Stock exchange |
The Navneet Education Buyback is being offered at Rs ₹100 per share.
There is no ratio applicable in case of open market offer 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.
