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Shyam Century Ferrous Limited Buyback (Shyam Century Ferrous Buyback) Detail

Incorporated in 2011, Shyam Century Ferrous Limited is engaged in the production of Ferro-Silicon, one of Ferro-Silicon, one of the major raw ingredients of Stainless steel and small quantities in Mild Steel i.e. MS steel. The Company has a plant located at Byrnihat, Meghalaya near Guwahati with a production capacity of around 21,000 MT approx of Ferro-Silicon annually.

The strategic location in North-East India gives the Company advantageous exposure to abundant raw materials like Coal, Lam Cole and Quartz in the nearby vicinity. Besides Ferro-Silicon, the Company also has the facility to produce Silico-Manganese and other Ferro-alloys.

Shyam Century Ferrous Buyback Detail

Issue Period
Security NameShyam Century Ferrous Limited
Issue TypeTender Offer
Issue Size (Shares)1.00 Crores
Issue Size (Amount)₹28.00 Crores
Buyback Price₹28 per share
Face Value₹1 per share
Listing AtBSE, NSE

Shyam Century Ferrous Buyback Issue Timetable

Offer Opens On
Offer Closes On
Record DateSep 27, 2022
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

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Company Financials

Shyam Century Ferrous Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-20131.1889.14-0.03
31-Mar-21134.74135.682.81
Amount in ₹ Crore

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2022 23.8 19.7 21.76
Jul-2022 24.55 19.25 21.95
Jun-2022 25.85 18.4 21.61

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2022 23.8 19.75 21.76
Jul-2022 24.55 19.3 21.97
Jun-2022 25.65 18.35 21.61

Necessity of the Issue

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 Buyback Documents

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Company Contact Information

Shyam Century Ferrous Limited
Village: Lumshnong, Khaliehriat,
East Jaintia Hills,
793210

Phone: +91-33 24015555
Email: investors@shyamcenturyferrous.com
Website: http://shyamcenturyferrous.com/

Shyam Century Ferrous Buyback Registrar

  1. Maheshwari Datamatics Pvt. Ltd
       Maheshwari Datamatics Pvt. Ltd,
       6, Mangoe Lane,
       2nd Floor, Kolkata-700 001

    Phone: 033 22435029 / 22482248
    Email: mdpldc@yahoo.com
    Website: http://www.mdpl.in

Shyam Century Ferrous Buyback Manager

Lead Manager(s)

  1. Horizon Financial Pvt Ltd

Registered Broker

  1. Eureka Stock & Share Broking Services Limited
    Email: debomita@eurekasec.com

Find Shyam Century Ferrous Buyback Latest Update

Shyam Century Ferrous Buyback FAQs

The Shyam Century Ferrous Buyback open and close dates are not available as of now.

The Shyam Century Ferrous Buyback is a Tender Offer.

Sorry the Shyam Century Ferrous Buyback timelines are not available at this time.

The Shyam Century Ferrous Buyback is being offered at Rs ₹28 per share per equity share.

[.]

You could sell Shyam Century Ferrous Buyback on Sep 26, 2022 to remain eligible for buyback. The record date for Shyam Century Ferrous Buyback buyback is Sep 27, 2022.

The record date for the Shyam Century Ferrous Buyback is Sep 27, 2022.

The issue size of Shyam Century Ferrous Buyback is of 1.00 Crores equity shares at ₹28 per share aggregating upto ₹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.


2 Comments

2. Sayali Parmar   I Like It. | Report Abuse |   Link | Sep 27, 2022 10:42:33 AM Reply
Isn't it costly?
1. Siyaram   I Like It. | Report Abuse |   Link | Sep 26, 2022 8:31:25 PM Reply
What will AR in shyam buy back for retailer ?