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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.
| Issue Period | Sep 22, 2021 - Oct 5, 2021 |
| Security Name | Star Cement Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 0.82 Crores |
| Issue Size (Amount) | ₹123.73 Crores |
| Buyback Price | ₹150 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
| Offer Opens On | Sep 22, 2021 |
| Offer Closes On | Oct 5, 2021 |
| Record Date | Aug 26, 2021 |
| Last Date for receipt of Tender Forms | Oct 7, 2021 |
| Finalisation of Buyback Acceptance | Oct 13, 2021 |
| Last Date for settlment of bids | Oct 14, 2021 |
| Last Date for Extinguishment of Shares | Oct 21, 2021 |
| 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. |
| 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 |
| 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 |
| 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 |
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.
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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/
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
Lead Manager(s)
Registered Broker
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