Dhampur Sugar Mills Ltd Buyback
Dhampur Sugar Mills Buyback 2024
Tender Offer
₹300.00
Buyback price per shareAbout Dhampur Sugar Mills Ltd Buyback
Founded in 1933, Dhampur Sugar Mills Limited specializes in the integrated processing of sugarcane. The company is involved in the production and sale of sugar, chemicals, ethanol, and power co-generation.
The company uses by-products such as bagasse and molasses in its distillery and co-generation activities while producing sugar.
The Dhampur Group possesses and runs two sugarcane crushing complexes that are fully integrated, with different capacities.
Dhampur Sugar Mills Ltd Buyback Details
Security Name
Dhampur Sugar Mills LtdBuyback Price
₹300.00Face Value
₹10.00Listing at Group
BSE,NSELead Manager
Centrum Capital LimitedBuyback Docs
Letter Of OfferIssue Size
1,000,000 (1.5 % of Total number of equity Shares)Dhampur Sugar Mills Buyback 2024 Issue Timetable
| Last Date to buy shares | Record Date | Offer Opens On | Offer Closes On * |
| Jan 16, 2024 | Jan 17, 2024 | Jan 23, 2024 | Jan 30, 2024 |
| Last Date for receipt of Tender Forms | Finalisation of Buyback Acceptance | Last Date for settlement of bids | Last Date for Extinguishment of Shares |
| Jan 30, 2024 | Feb 5, 2024 | Feb 6, 2024 | Feb 15, 2024 |
Dhampur Sugar Mills Ltd Buyback Ratio
| Category | Entitlement Ratio of Buyback | Shares Offered |
| Reserved Category for Small Shareholders | 31/1489 | 150000 |
| General Category for all other Eligible Shareholders | 19/1323 | 850000 |
Company Financials All values are in ₹ Cr.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Net Worth | -- | -- | -- |
| Reserves And Surplus | -- | -- | -- |
| Total Assets | 2,121.65 | 2,164.82 | 3,470.80 |
| Total Borrowing | -- | -- | -- |
| Total Revenue | 2,889.50 | 2,173.62 | 2,245.03 |
| Profit After Tax | 157.99 | 144.03 | 198.62 |
How to Participate in Dhampur Sugar Mills Ltd Buyback?
1. Firstly, to be eligible for the buyback the investor should have shares of Dhampur Sugar Mills Ltd Buyback in Demat or physical form as on the record date Jan 17, 2024.
2. Once you have shares in Demat, you can participate in the buyback process which is opening from Jan 23, 2024 by selling your shares through your broker on BSE,NSE.
3. Then on Feb 15, 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 Dhampur Sugar Mills Ltd Buyback
Maximum market value of a share holder as on record date | ₹200,000.00 |
Buyback price per share | ₹300.00 |
Maximum share for small shareholders (200000/ 300) | 666.67 share |
Closing price of stock as of 2024-01-03 | ₹269.20 |
Maximum amount insted in buyback (₹269.20 x 666.6666666666666 shares) | ₹179,466.67 |
* No. of shares stands to change according to the closing price on the record date
* For simplicity, we have considered the price on date Jan 3, 2024
Expected Profit from the Dhampur Sugar Mills Ltd Buyback on the bases of acceptance Ratio:
Acceptance Ratio | 33% | 50% | 75% | 100% |
Amount Invested in Buyback | ₹179,466.67 | ₹179,466.67 | ₹179,466.67 | ₹179,466.67 |
No. of Shares Buyback | 220 | 333 | 500 | 666 |
Buyback Profit | 6776 | 10256 | 15400 | 20512 |
Profit% | 3.78% | 5.71% | 8.58% | 11.43% |
Dhampur Sugar Mills Ltd Buyback - Necessity of the Objective
The buyback is undertaken for the following reasons:
The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares thereby, enhancing the overall return to shareholders.
The Buyback, which is being implemented through the tender offer route as prescribed under the SEBI Buyback Regulations, would involve the allocation of several Equity Shares as per their entitlement or 15% of the number of Equity Shares to be repurchased whichever is higher, reserved for the small shareholders. The Company believes that this 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 SEBI Buyback Regulations;
The Buyback may help in improving return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders'.
The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash instead of Equity Shares to be accepted under the Buyback offer or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer, without additional investment.
Dhampur Sugar Mills Ltd Buyback
6th Floor, Max HouseOkhla Industrial Estate, Phase III New Delhi - 110020.Email: investordesk@dhampursugar.com
Phone: +91 011-41259400
Website: https://www.dhampursugar.com/
Alankit Assignments Ltd
Email: rta@alankit.com
Phone: (011) 4254 1234
Website: http://ipo.alankit.com/
