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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.
| Issue Period | Jun 7, 2021 - Dec 6, 2021 |
| Security Name | Navneet Education Limited |
| Issue Type | Open Market Through Stock Exchange |
| Issue Size (Amount) | ₹50.00 Crores |
| Buyback Price | ₹100 per share |
| Face Value | ₹2 per share |
| Listing At | BSE, NSE |
| 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 |
| 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.
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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/
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/
Lead Manager(s)
Registered Broker
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 Date | Jun 7, 2021 |
| Buyback Closing Date | Dec 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 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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