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Sep 22, 2021 - Oct 5, 2021

Star Cement Limited Buyback (Star Cement Buyback) Detail

Established in 2001, Star Cement is engaged in the business of manufacturing cement and cement clinker. The Company mainly concentrates its business in North-eastern and Eastern part of the Country and is a leading brand in the Region. The Company has become a major player in North-eastern India due to location advantages, timely availability of raw materials, proactive capacity expansion programming, and consistent brand positioning.

The company’s plant is in Meghalaya and Cement Grinding Units are situated at Sonapur, Guwahati in the State of Assam and at Siliguri, West Bengal. It has offices at Guwahati, Patna, Siliguri, and New Delhi and the head office is in Kolkata.

Star Cement Buyback Detail

Issue PeriodSep 22, 2021 - Oct 5, 2021
Security NameStar Cement Limited
Issue TypeTender Offer
Issue Size (Shares)0.82 Crores
Issue Size (Amount)₹123.73 Crores
Buyback Price₹150 per share
Face Value₹1 per share
Listing AtBSE, NSE

Star Cement Buyback Issue Timetable

Offer Opens OnSep 22, 2021
Offer Closes OnOct 5, 2021
Record DateAug 26, 2021
Last Date for receipt of Tender FormsOct 7, 2021
Finalisation of Buyback AcceptanceOct 13, 2021
Last Date for settlment of bidsOct 14, 2021
Last Date for Extinguishment of SharesOct 21, 2021

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 6 Equity Shares out of every 47 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 2 Equity Shares out of every 115 fully paid-up Equity Shares held on the Record Date.

Company Financials

Summary of financial Information (standalone)
Particulars For the year/period ended (Rs.in Crores)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 1,685.16 1,801.33 1,734.88
Profit After Tax 157.27 218.70 255.89
Net Worth 1,268.45 1,111.17 1,044.87
Reserves and Surplus 1,227.20 1,069.93 1,002.95

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2021 119 107 111.73
Jun-2021 117.9 101.1 109.23
May-2021 115 98 106.07

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2021 119.25 106.85 111.76
Jun-2021 117.95 101.05 109.3
May-2021 115.3 99.8 106.24

Necessity of the Issue

The Buyback aims to :
i) Return surplus cash to the shareholders, thereby, optimizing returns to the shareholders and enhancing the overall shareholders’ value.
ii) Improve Return on Equity, Earnings per share, enhance return on invested capital, and thereby enhance shareholder value in the long term.
iii) The Buyback will help in optimizing the capital structure.

Star Cement Buyback Documents

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Company Contact Information

Star Cement Limited
Lumshnong, P.O.: Khaliehriat,
Dist.: East Jaintia Hills,
Meghalaya – 793210

Phone: (033) 24015555
Email: investors@starcement.co.in
Website: https://starcement.co.in/

Star Cement 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

Star Cement Buyback Manager

Lead Manager(s)

  1. Narnolia Financial Services Ltd

Registered Broker

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

Find Star Cement Buyback Latest Update

Star Cement Buyback FAQs

The Star Cement Buyback opens on Sep 22, 2021, and closes on Oct 5, 2021.

The Star Cement Buyback is a Tender Offer.

Star Cement Buyback Schedule

Buyback Opening DateSep 22, 2021
Buyback Closing DateOct 5, 2021
Last Date for receipt of Tender FormsOct 7, 2021
Finalisation of Buyback AcceptanceOct 13, 2021
Last Date for settlment of bidsOct 14, 2021
Last Date for Extinguishment of SharesOct 21, 2021

The Star Cement Buyback is being offered at Rs ₹150 per share per equity share.

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 6 Equity Shares out of every 47 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 2 Equity Shares out of every 115 fully paid-up Equity Shares held on the Record Date.

The record date for the Star Cement Buyback is Aug 26, 2021.

The issue size of Star Cement Buyback is of 0.82 Crores equity shares at ₹150 per share aggregating upto ₹123.73 Crores.

The Buyback aims to :
i) Return surplus cash to the shareholders, thereby, optimizing returns to the shareholders and enhancing the overall shareholders’ value.
ii) Improve Return on Equity, Earnings per share, enhance return on invested capital, and thereby enhance shareholder value in the long term.
iii) The Buyback will 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 Star Cement 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.


6 Comments

6. LearningIPO  Oct 7, 2021 22:54 I Like It. | Report Abuse Reply
Shares debited but no info yet.
6.1. KAMMA SIVA RAMA KRISHNA  Oct 17, 2021 01:04 I Like It. | Report Abuse
I hope that the resultant amount of the buyback of the shares is credited to your account on 13th. Thank you.
5. Mit...  Oct 2, 2021 10:14 I Like It. | Report Abuse Reply
What will be the share price of star cement after buyback
4. AvinashUppalapati  Sep 23, 2021 15:44 I Like It. | Report Abuse Reply
any idea how we can participate in Buyback in Prostocks platform?
3. Ram kariya  Sep 22, 2021 21:57 I Like It. | Report Abuse Reply
Sir i have tendered all shs in star cement buyback. But i have not received any mail or message regarding that. How can we know that we have successfully applied in buyback?
2. 🔥 IPO 🔥 GUJARATI 🔥  Sep 22, 2021 11:52 I Like It. | Report Abuse Reply
I am trying to tender star cement shares in buyback in upstox ( 1st time ).
But getting error " PRICE MUST BE IN BETWEEN 150 AND" .
only abover error shows. Please help if any expert knows solutions
2.1. Mit...  Sep 22, 2021 21:16 I Like It. | Report Abuse
Sir, today I also tendered star cement shares...but price display 150 by default...only I have to mention no. Of shares to tender....please try again
1. Mit...  Sep 20, 2021 20:25 I Like It. 4 | Report Abuse Reply
Request to respected admin...please open the page for buy back as early as possible after announcement just like ipo. So that instead of discussing on main page we can discuss on buybacks on that particular page...thank you