Chittorgarh.com Logo
Loading...

S H Kelkar and Company Limited Buyback (S H Kelkar Buyback) Detail

Incorporated in 1922, S H Kelkar and Company Limited is engaged in the manufacturing of industrial perfumes. The fragrances and flavors manufactured by the company are part of several bestselling brands all over the world. The Kelkar group is now known as Keva.

S H Kelkar has three manufacturing facilities across India located at Vapi, Vashivali, and Mulund, and one in Barneveld, Netherlands. The flavors and fragrances of the company are compliant with global regulatory standards and adhere to FSSC (Food Safety Standard Certification), FSSAI (Food Safety and Standards Authority of India) certifications.

S H Kelkar's offerings include a wide range of fragrances used across multiple product categories like Skincare and cosmetics, Fabric care, Personal care, Haircare, Household products, and Fine fragrances. The company also offers a wide range of flavoring solutions, aroma ingredients, and a range of biotechnology research and cosmetic ingredients testing services.

S H Kelkar Buyback Detail

Issue Period
Security NameS H Kelkar and Company Limited
Issue TypeTender Offer
Issue Size (Shares)0.29 Crores
Issue Size (Amount)₹60.90 Crores
Buyback Price₹210 per share
Face Value₹10 per share
Listing AtBSE, NSE

S H Kelkar Buyback Issue Timetable

Offer Opens On
Offer Closes On
Record DateNov 12, 2021
Last Date for receipt of Tender Forms
Finalisation of Buyback Acceptance
Last Date for settlment of bids
Last Date for Extinguishment of Shares

Buyback Ratio

[.]

Necessity of the Issue

The Buyback aims to :
i) Reward the shareholders.
ii) Optimize the capital structure

S H Kelkar Buyback Documents

S H Kelkar Buyback Rating

2
3.0
Rating:Rated 3.0 stars
Vote Here ...

S H Kelkar Buyback Reviews

Sorry, we couldn't find any reviews, please check back later.

Company Contact Information

S H Kelkar and Company Limited
36, Devkaran Mansion,
Mangaldas Road, Mumbai - 400002


Phone: 022-21649163
Email: investors@keva.co.in
Website: https://www.keva.co.in/

S H Kelkar 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: shkelkar.buyback2021@linkintime.co.in
    Website: https://linkintime.co.in/

S H Kelkar Buyback Manager

Lead Manager(s)

  1. Keynote Financial Services Ltd

Registered Broker

  1. Keynote Capitals Limited
    Email: alpesh@keynoteindia.net

Find S H Kelkar Buyback Latest Update

S H Kelkar Buyback FAQs

The S H Kelkar Buyback open and close dates are not available as of now.

The S H Kelkar Buyback is a Tender Offer.

Sorry the S H Kelkar Buyback timelines are not available at this time.

The S H Kelkar Buyback is being offered at Rs ₹210 per share per equity share.

[.]

The record date for the S H Kelkar Buyback is Nov 12, 2021.

The issue size of S H Kelkar Buyback is of 0.29 Crores equity shares at ₹210 per share aggregating upto ₹60.90 Crores.

The Buyback aims to :
i) Reward the shareholders.
ii) Optimize the capital structure

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 S H Kelkar 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.


8 Comments

8. C.S.Karthikram  Nov 15, 2021 1:48:47 AM I Like It. 1 | Report Abuse Reply

current market price - 173.75 , 4 % of your portfolio, 50% now and add till 156.00 , stop below 155.00 . hold for as per your comfort for good profit percentage.

https://invst.ly/wlwwa

8.1. ColdBurger  Nov 29, 2021 2:27:53 PM I Like It. | Report Abuse
Now when it will reach 160-155 level? Does not seems it will go below 165 in short term.
8.2. ColdBurger  Nov 29, 2021 3:39:28 PM I Like It. | Report Abuse
Sorry! I thought i am on MOIL page when i posted below...

"Now when it will reach 160-155 level? Does not seems it will go below 165 in short term."
7. lokes  Nov 19, 2021 7:20:51 PM I Like It. 1 | Report Abuse Reply
looks like price will take support from these levels 155-160 from where the run-up has started. Hopefully during tender period it will cross 175-180
7.2. ColdBurger  Nov 28, 2021 8:02:39 PM I Like It. | Report Abuse
@lokes why price will rise during tender period? New to buyback so not aware. Next Qtr result period or if they offer good divided then also cause the rise
What about MOIL have you bought and expect it to go upto 195 near record date?
7.3. lokes  Nov 29, 2021 11:46:33 AM I Like It. 1 | Report Abuse
@coldburger: sometimes price increases in tender period as people may buy again for tendering who have sold after record date and many shares will be locked since people have tendered for buyback. It may not be the case always just a general perception. And btw shares doesn't move only as per quarterly results dividends :) means other than that they rise/fall, right.
Moil can be bought in tranches starting from 170 levels till 160-165 levels, i don't think price will go till 195 near record date since buyback price is only 205 rs, price may go max till 180-185 near record date.
6. C.S.Karthikram  Nov 15, 2021 1:37:34 AM I Like It. | Report Abuse Reply
https://invst.ly/wlwty

current market price - 173.75 , 4 % of your portfolio, 50% now and add till 156.00 , stop below 155.00 . hold for as per your comfort for good profit percentage.
5. KAMMA SIVA RAMA KRISHNA  Nov 3, 2021 7:09:21 PM I Like It. 2 | Report Abuse Reply
One can purchase the shares of S H KELKAR Co Ltd (Keva) at the CMP for tendering for buyback. Record Date is 12/11. CMP is around Rs.145/- and the price of the buyback is Rs. 210/-. You will definitely get a reasonably good profit. I hope that the ER will be around 6% and AR around 13% to 17%. Chances of much downfall in the price of unaccepted shares after the buyback are very less. Thank you.
5.11. lokes  Nov 11, 2021 6:31:48 PM I Like It. 1 | Report Abuse
@have faith: there is nothing like FIFO etc. Buyback eligibility is as per shares held on record date. Like shareholder category in IPOs. After record date, you can sell existing shares, buy new shares can do anything anytime. It's just before tendering in buyback when it opens, that time whatever number of shares you want to tender in buyback, you should have those in your demat obviously that time. No matter you bought them 2 days back or those are same shares shares which you bought before record date. Simple.

Regarding cartrade, I missed to buy that day to avg and didn't do after that and yes it's becoming big headache and market also not supportive now.
5.12. Have Faith 🙏  Nov 12, 2021 10:39:57 AM I Like It. 1 | Report Abuse
Thanks @lokes for such a good explanation ....yes cartrade is a big headache
4. lokes  Nov 10, 2021 2:30:41 PM I Like It. 1 | Report Abuse Reply
I feel people can keep holding this share whoever has bought around 150 to 180 levels, since price is already reached near 195 due to the stake sale and buy by prominent investors and buyback price is around 210 so it will definitely have around 50% to 80% acceptance ratio in buyback once buyback opens since many will not tender their shares in buyback. And unaccepted shares can also do good in short to medium term.
3. Unknwon  Nov 9, 2021 9:41:16 PM I Like It. | Report Abuse Reply
Sold 50% of my holding today. Didnt want to wait for the ex-date. Had a bad experience in Goldiam when I couldn't sell at 1100 and now it's down to 950. Decent profit in 10 days in SHK.
3.1. lokes  Nov 10, 2021 2:25:54 PM I Like It. | Report Abuse
@Unknwon : i informed about the reason of yesterday upmove in sh kelkar so as per that news, it moved again today also. I am still holding my 900 shares.
2. lokes  Nov 9, 2021 12:03:36 PM I Like It. | Report Abuse Reply
yesterday i was thinking to buy this share for buyback purpose but forgot later due to office work and today it moved a lot , missed opportunity :(
2.1. lokes  Nov 9, 2021 1:52:09 PM I Like It. | Report Abuse
i bought at 174 today 900 quantity and now its locked at upper circuit at 183.5 rs , so 8550 profit, i will sell it tomorrow probably if it will come above 190 without waiting for buyback. Lets see.
1. KAMMA SIVA RAMA KRISHNA  Nov 4, 2021 10:13:14 AM I Like It. 1 | Report Abuse Reply
A very very happy n prosperous Diwali to all
1.1. lokes  Nov 4, 2021 6:22:32 PM I Like It. | Report Abuse
Same to you sir.... Happy Diwali :)