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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.
| Issue Period | Apr 15, 2021 - Apr 29, 2021 |
| Security Name | Savita Oil Technologies Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 0.03 Crores |
| Issue Size (Amount) | ₹35.14 Crores |
| Buyback Price | ₹1400 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Offer Opens On | Apr 15, 2021 |
| Offer Closes On | Apr 29, 2021 |
| Record Date | Mar 5, 2021 |
| Last Date for receipt of Tender Forms | May 3, 2021 |
| Finalisation of Buyback Acceptance | May 7, 2021 |
| Last Date for settlment of bids | May 10, 2021 |
| Last Date for Extinguishment of Shares | May 17, 2021 |
| 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 |
| 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 |
| 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 |
| 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 |
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.
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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/
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
Lead Manager(s)
Registered Broker
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 Date | Apr 15, 2021 |
| Buyback Closing Date | Apr 29, 2021 |
| Last Date for receipt of Tender Forms | May 3, 2021 |
| Finalisation of Buyback Acceptance | May 7, 2021 |
| Last Date for settlment of bids | May 10, 2021 |
| Last Date for Extinguishment of Shares | May 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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