Cheviot Company Limited Buyback
Cheviot Company Buyback 2024
Tender Offer
₹1,800.00
Buyback price per shareAbout Cheviot Company Limited Buyback
Cheviot Company Limited manufactures jute products and fabrics serving domestic and international markets. The company is well-known for producing high-quality technical jute fabrics for export. Its manufacturing facilities are situated at 19 Mehta Road, Bade Kalinagar, Budge Budge - 700137 and Sector II, Falta Special Economic Zone, Falta 24-Parganas (South), both of them located in the state of West Bengal, India.
Read MoreCheviot Company Limited Buyback Details
Security Name
Cheviot Company LimitedBuyback Price
₹1,800.00Face Value
₹10.00Listing at Group
BSE, NSELead Manager
Vc Corporate Advisors Pvt Ltd (Vcapl)Buyback Docs
Letter Of OfferIssue Size
175,000 (2.91 % of Total number of equity Shares)Cheviot Company Buyback 2024 Issue Timetable
| Last Date to buy shares | Record Date | Offer Opens On | Offer Closes On * |
| Jun 13, 2024 | Jun 14, 2024 | Jun 20, 2024 | Jun 26, 2024 |
| Last Date for receipt of Tender Forms | Finalisation of Buyback Acceptance | Last Date for settlement of bids | Last Date for Extinguishment of Shares |
| Jun 26, 2024 | Jul 2, 2024 | Jul 3, 2024 | Jul 12, 2024 |
Cheviot Company Limited Buyback Ratio
| Category | Entitlement Ratio of Buyback | Shares Offered |
| Reserved Category for Small Shareholders | 105/1838 | 26250 |
| General Category for all other Eligible Shareholders | 11/411 | 148750 |
Company Financials All values are in ₹ Cr.
| Period Ended | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
|---|---|---|---|
| Total Revenue | 507.80 | 574.31 | 593.63 |
| Profit After Tax | 69.39 | 54.46 | 79.35 |
| Total Borrowing | -- | -- | -- |
| Net Worth | 483.53 | 450.46 | 421.01 |
| Reserves And Surplus | 477.51 | 444.44 | 414.99 |
| Total Assets | -- | -- | -- |
How to Participate in Cheviot Company Limited Buyback?
1. Firstly, to be eligible for the buyback the investor should have shares of Cheviot Company Limited Buyback in Demat or physical form as on the record date Jun 14, 2024.
2. Once you have shares in Demat, you can participate in the buyback process which is opening from Jun 20, 2024 by selling your shares through your broker on BSE, NSE.
3. Then on Jul 12, 2024, the payment will be given to you for accepted shares and unaccepted shares will be returned to your Demat account.
Calculation of Investment in Cheviot Company Limited Buyback
Maximum market value of a share holder as on record date | ₹200,000.00 |
Buyback price per share | ₹1,800.00 |
Maximum share for small shareholders (200000/ 1800) | 111.11 share |
Closing price of stock as of 2024-05-24 | ₹1,461.55 |
Maximum amount insted in buyback (₹1,461.55 x 111.11111111111111 shares) | ₹162,394.44 |
* No. of shares stands to change according to the closing price on the record date
* For simplicity, we have considered the price on date May 24, 2024
Expected Profit from the Cheviot Company Limited Buyback on the bases of acceptance Ratio:
Acceptance Ratio | 33% | 50% | 75% | 100% |
Amount Invested in Buyback | ₹162,394.44 | ₹162,394.44 | ₹162,394.44 | ₹162,394.44 |
No. of Shares Buyback | 36 | 55 | 83 | 111 |
Buyback Profit | 12184 | 18614 | 28091 | 37567 |
Profit% | 7.50% | 11.46% | 17.30% | 23.13% |
Cheviot Company Limited Buyback - Necessity of the Objective
The Buy-Back will help the Company to return surplus cash to its shareholders holding ordinary shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders;
The Company believes that the reservation for small shareholders would benefit a large number of public shareholders, who would get classified as small shareholders as per Regulation 2(i)(n) of the Buy-Back Regulations.
The Buy-Back would help in improving return on equity by reducing the share capital base and increasing shareholder's value in the longer term.
The Buy-Back gives an option to the shareholders holding ordinary shares of the Company, who can choose to participate and get cash in lieu of ordinary shares to be accepted under the Buy-Back offer or they may choose not to participate and benefit from a resultant increase in their percentage shareholding, post the Buy-Back offer, without additional investment.
The Buy-Back will help the Company in achieving an optimal capital structure.
Cheviot Company Limited Buyback
24 Park Street, Celica House, 9th Floor, Celica Park Kolkata-700016Email: cheviot@chevjute.com
Phone: +91 82320 87911
Website: https://www.cheviotgroup.com/
Maheshwari Datamatics Pvt. Ltd
Email: mdpldc@yahoo.com
Phone: 033 22435029 / 22482248
Website: http://www.mdpl.in
