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Apr 15, 2021 - Apr 29, 2021

Savita Oil Technologies Limited Buyback (Savita Oil Buyback) Detail

Incorporated in July 1961 as Stauffer Chemicals Private Limited, the Company's name was changed to Savita Oil Technologies Limited in May 2009 to reflect its core line of business activities.

The Company is engaged in the manufacturing and marketing of petroleum specialty products like transformer oils, white oils, lubricating oils, industrial oils, greases, etc. The Company has also set up several windmills (ranging in capacities from 350 KW to 1650 KW) in Maharashtra, Karnataka, and Tamil Nadu to generate wind energy.

The Company sells its products in the domestic and international markets. Savita Oil Technologies launched its lubricating oil brand SAVSOL in the retail domestic market in 2007. The Company supplies; Transformer Oil to most of the electricity boards and big transformer manufacturers, Lubricating Oils to most of the leading two-wheeler OEMs (Original Equipment Manufacturers), and White Oils to the top FMCG companies and has developed a niche for quality products over the years.

Savita Oil Buyback Detail

Issue PeriodApr 15, 2021 - Apr 29, 2021
Security NameSavita Oil Technologies Limited
Issue TypeTender Offer
Issue Size (Shares)0.03 Crores
Issue Size (Amount)₹35.14 Crores
Buyback Price₹1400 per share
Face Value₹10 per share
Listing AtBSE, NSE

Savita Oil Buyback Issue Timetable

Offer Opens OnApr 15, 2021
Offer Closes OnApr 29, 2021
Record DateMar 5, 2021
Last Date for receipt of Tender FormsMay 3, 2021
Finalisation of Buyback AcceptanceMay 7, 2021
Last Date for settlment of bidsMay 10, 2021
Last Date for Extinguishment of SharesMay 17, 2021

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 1 Equity Shares out of every 21 Equity Shares held on the Record Date
General Category for all other Eligible Shareholders 1 Equity Shares out of every 62 Equity Shares held on the Record Date

Company Financials

Summary of financial Information (Standalone)
Particulars For the year/period ended (Rs. in Lakhs)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 2,05,778.42 2,28,091.73 1,83,418.04
Profit After Tax 9,564.24 11,427.01 12,619.59
Net Worth 86,858.47 85,160.48 74,230.93

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2021 745 655.1 700.14
Dec-2020 800 695 724.13
Nov-2020 784 670 688.31

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2021 742 655 699.84
Dec-2020 845.7 691 723.66
Nov-2020 790 664.95 689.62

Necessity of the Issue

The Buy-back is being undertaken by the Company to:
i) To enhance the equity shareholders returns; and
ii) To improve financial ratios like earnings per share, return on equity, by reduction in the equity base.

Savita Oil Buyback Documents

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Company Contact Information

Savita Oil Technologies Limited
66/67, Nariman Bhavan,
Nariman Point,
Mumbai – 400021

Phone: +91-22-66246200
Email: legal@savita.com
Website: http://www.savita.com/

Savita Oil 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: savita.buyback2021@linkintime.co.in
    Website: http://www.linkintime.co.in

Savita Oil Buyback Manager

Lead Manager(s)

  1. ITI Capital Ltd

Registered Broker

  1. FRR Shares and Securities Limited
    Email: nitin.lakhotia@frrshares.com

Find Savita Oil Buyback Latest Update

Savita Oil Buyback FAQs

The Savita Oil Buyback opens on Apr 15, 2021, and closes on Apr 29, 2021.

The Savita Oil Buyback is a Tender Offer.

Savita Oil Buyback Schedule

Buyback Opening DateApr 15, 2021
Buyback Closing DateApr 29, 2021
Last Date for receipt of Tender FormsMay 3, 2021
Finalisation of Buyback AcceptanceMay 7, 2021
Last Date for settlment of bidsMay 10, 2021
Last Date for Extinguishment of SharesMay 17, 2021

The Savita Oil Buyback is being offered at Rs ₹1400 per share per equity share.

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 1 Equity Shares out of every 21 Equity Shares held on the Record Date
General Category for all other Eligible Shareholders 1 Equity Shares out of every 62 Equity Shares held on the Record Date

The record date for the Savita Oil Buyback is Mar 5, 2021.

The issue size of Savita Oil Buyback is of 0.03 Crores equity shares at ₹1400 per share aggregating upto ₹35.14 Crores.

The Buy-back is being undertaken by the Company to:
i) To enhance the equity shareholders returns; and
ii) To improve financial ratios like earnings per share, return on equity, by reduction in the equity base.

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 Savita Oil 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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