Dwarikesh Sugar Industries Limited Buyback
Dwarikesh Sugar Industries Buyback 2024
Tender Offer
₹105.00
Buyback price per shareAbout Dwarikesh Sugar Industries Limited Buyback
Incorporated in November 1993, Dwarikesh Sugar Industries Ltd is a sugar company which operates through its plants in Uttar Pradesh, India.
The company generates revenue from selling sugar, molasses, ethanol, and power. Ethanol is an essential part of the company's business.
The three plants that Dwarikesh owns can crush 21,500 TCD of sugarcane per day. They can also produce 96 MW of power, with 56 MW of that going to the state electricity grid. In addition, the company's two distilleries can make 337.5 KL of ethanol per day.
Dwarikesh Sugar Industries Limited Buyback Details
Security Name
Dwarikesh Sugar Industries LimitedBuyback Price
₹105.00Face Value
₹1.00Listing at Group
BSE, NSELead Manager
Centrum Capital LimitedBuyback Docs
Letter Of OfferIssue Size
3,000,000 (1.59 % of Total number of equity Shares)Dwarikesh Sugar Industries Buyback 2024 Issue Timetable
| Last Date to buy shares | Record Date | Offer Opens On | Offer Closes On * |
| Mar 19, 2024 | Mar 20, 2024 | Mar 27, 2024 | Apr 3, 2024 |
| Last Date for receipt of Tender Forms | Finalisation of Buyback Acceptance | Last Date for settlement of bids | Last Date for Extinguishment of Shares |
| Apr 3, 2024 | Apr 10, 2024 | Apr 12, 2024 | Apr 24, 2024 |
Dwarikesh Sugar Industries Limited Buyback Ratio
| Category | Entitlement Ratio of Buyback | Shares Offered |
| Reserved Category for Small Shareholders | 13/816 | 710005 |
| General Category for all other Eligible Shareholders | 13/816 | 2289995 |
Company Financials All values are in ₹ Cr.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Total Assets | 1,280.01 | 1,419.54 | 1,445.44 |
| Profit After Tax | 104.81 | 155.22 | 91.54 |
| Total Borrowing | 371.89 | 523.31 | 608.47 |
| Net Worth | -- | -- | -- |
| Reserves And Surplus | 722.59 | 655.44 | 561.42 |
| Total Revenue | 2,117.00 | 1,977.23 | 1,845.94 |
How to Participate in Dwarikesh Sugar Industries Limited Buyback?
1. Firstly, to be eligible for the buyback the investor should have shares of Dwarikesh Sugar Industries Limited Buyback in Demat or physical form as on the record date Mar 20, 2024.
2. Once you have shares in Demat, you can participate in the buyback process which is opening from Mar 27, 2024 by selling your shares through your broker on BSE, NSE.
3. Then on Apr 24, 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 Dwarikesh Sugar Industries Limited Buyback
Maximum market value of a share holder as on record date | ₹200,000.00 |
Buyback price per share | ₹105.00 |
Maximum share for small shareholders (200000/ 105) | 1904.76 share |
Closing price of stock as of 2024-03-08 | ₹80.85 |
Maximum amount insted in buyback (₹80.85 x 1904.7619047619048 shares) | ₹154,000.00 |
* No. of shares stands to change according to the closing price on the record date
* For simplicity, we have considered the price on date Mar 8, 2024
Expected Profit from the Dwarikesh Sugar Industries Limited Buyback on the bases of acceptance Ratio:
Acceptance Ratio | 33% | 50% | 75% | 100% |
Amount Invested in Buyback | ₹154,000.00 | ₹154,000.00 | ₹154,000.00 | ₹154,000.00 |
No. of Shares Buyback | 628 | 952 | 1428 | 1904 |
Buyback Profit | 15166 | 22990 | 34486 | 45981 |
Profit% | 9.85% | 14.93% | 22.39% | 29.86% |
Dwarikesh Sugar Industries Limited Buyback - Necessity of the Objective
The Buyback is being undertaken for the following objectives:
The Buyback will help the Company to distribute surplus funds to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to the shareholders and it will also help in improving return on equity, by reducing the equity base, thereby leading to long term increase in shareholders' value;
The Buyback, which is being implemented through the tender offer route as prescribed under the Buyback Regulations, would involve the allocation of a number of equity shares as per the entitlement to the shareholders or 15% of the number of Equity Shares to be bought back 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 Buyback Regulations.
The Buyback gives an option to the Eligible Shareholders to either (a) choose to participate and get cash in lieu of Equity Shares to be accepted under the Buyback or (b) choose to not participate and enjoy a resultant increase in their percentage shareholding, post-Buyback, without additional investment.
Dwarikesh Sugar Industries Limited Buyback
Dwarikesh Nagar, Dist. Bijnor 246762Email: dsilbom@dwarikesh.com
Phone: 01343-267061
Website: https://www.dwarikesh.com/
Link Intime India Private Ltd
Email: dwarikesh.buyback2024@linkintime.co.in
Phone: +91-22-4918 6270
Website: https://linkintime.co.in/initial_offer/public-issues.html
