Tender Offer | ₹28.00 Crores | Listed at BSE, NSE | Tue, Oct 25, 2022 - Wed, Nov 9, 2022
Shyam Century Ferrous Ltd. Buyback is a tender offer for the repurchase of up to 1.00 crore equity shares at a buyback price of ₹28 per share with a face value of ₹1 per share, aggregating to ₹28.00 crores.
The record date for determining eligible shareholders is Sep 27, 2022. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Oct 25, 2022 and closes on Nov 9, 2022, with the last date for receipt of tender forms being Nov 10, 2022.
The finalisation of buyback acceptance is expected on Nov 17, 2022, followed by settlement of bids on Nov 18, 2022.
Horizon Financial Pvt.Ltd. is the Manager to the Buyback and Maheshwari Datamatics Pvt.Ltd. is the Registrar and Eureka Stock & Share Broking Services Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Shyam Century Ferrous Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Tue, Oct 25, 2022
Offer Closing Date
Wed, Nov 9, 2022
Buyback Price
₹28 per share
Record Date
September 27, 2022
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 50 Equity Share out of every 839 Fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 104 Equity Shares out of every 2413 Fully paid-up Equity Shares held on the Record Date. |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 131.18 | 89.14 | -0.03 | 54.32 | 32.1 | 1.22 |
| 31-Mar-21 | 134.74 | 135.68 | 2.81 | 57.13 | 34.92 | 4.65 |
| 31-Mar-22 | 212.5 | 56.86 | 114.01 | 91.8 | 0.43 | |
| Amount in ₹ Crore | ||||||
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Aug-2022 | 23.80 | 19.70 | 21.76 |
| Jul-2022 | 24.55 | 19.25 | 21.95 |
| Jun-2022 | 25.85 | 18.40 | 21.61 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Aug-2022 | 23.80 | 19.75 | 21.76 |
| Jul-2022 | 24.55 | 19.30 | 21.97 |
| Jun-2022 | 25.65 | 18.35 | 21.61 |
Necessity of the buyback :
1. The Buyback will help the Company to distribute surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
2. The Buyback would help in improving return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders' value;
3. The Buyback would help in optimizing the capital structure.
Shyam Century Ferrous Ltd.
Village: Lumshnong, Khaliehriat,
East Jaintia Hills,
793210
East Jaintia Hills, Meghalaya
Lead Manager(s)
Registered Broker
The Shyam Century Ferrous Buyback opens on October 25, 2022, and closes on November 9, 2022.
The Shyam Century Ferrous Buyback last day to buy is not available as of now.
The Shyam Century Ferrous Buyback is a Tender Offer.
Shyam Century Ferrous Buyback Schedule
| Buyback Opening Date | October 25, 2022 |
| Buyback Closing Date | November 9, 2022 |
| Last Date for receipt of Tender Forms | November 10, 2022 |
| Finalisation of Buyback Acceptance | November 17, 2022 |
| Last Date for settlment of bids | November 18, 2022 |
| Last Date for Extinguishment of Shares | November 25, 2022 |
The Shyam Century Ferrous Buyback is being offered at Rs ₹28 per share.
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 50 Equity Share out of every 839 Fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 104 Equity Shares out of every 2413 Fully paid-up Equity Shares held on the Record Date. |
The issue size of Shyam Century Ferrous Buyback is 1,00,00,000 equity shares at ₹28 per share aggregating up to ₹28.00 Crores.
Necessity of the buyback :
1. The Buyback will help the Company to distribute surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
2. The Buyback would help in improving return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders' value;
3. The Buyback would help in optimizing 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 Shyam Century Ferrous 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.
