Navneet Education Limited Buyback
Navneet Education Buyback 2024
Tender Offer
₹200.00
Buyback price per shareAbout Navneet Education Limited Buyback
Navneet Education Limited is brand in India for educational content and a significant player in the publishing industry. The company produces stationery, general, and children's books in various Indian and foreign languages. It also operates 'The Orchid International School.'
The company has manufacturing units in Dantali, Silvassa, and Khaniwade, with warehouses at Khaniwade, Silvassa, and Ghuma Gujarat for storing finished goods.
The company's popular products and brands include Vikas workbooks, Gala practice books, Grafalco pre-primary books, YOUVA full-scapes, TOPClass digital educational solutions, and TOPScorer e-learning techniques.
The company has exported its products to countries such as Canada, the USA, Mexico, Jamaica, the UK, and Germany. Spain, Ethiopia, Kenya, Romania, Tanzania, New Zealand, U.A.E., Ivory Coast, France, Australia, Angola, Chile and so on.
In 2023, the company introduced the LMS Platform in the states of Maharashtra, Gujarat, Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, and Chhattisgah.
The company released workbooks for Classes 12, and 3 in 2024, based on the latest NCERT syllabus and textbooks.
With over 2,500 employees, the company prioritizes excellence, creativity, and expertise. The 400+ authors, skilled editors, and dedicated quality-check team ensure high-quality educational content, shaping the future of global learning.
Navneet Education Limited Buyback Details
Security Name
Navneet Education LimitedBuyback Price
₹200.00Face Value
₹2.00Listing at Group
BSE, NSELead Manager
Inga Ventures Pvt LtdBuyback Docs
Letter Of OfferIssue Size
5,000,000( % of Total number of equity Shares)Navneet Education Buyback 2024 Issue Timetable
| Last Date to buy shares | Record Date | Offer Opens On | Offer Closes On * |
| Aug 12, 2024 | Aug 13, 2024 | Aug 20, 2024 | Aug 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 |
| Aug 26, 2024 | Aug 30, 2024 | Sep 2, 2024 | Sep 11, 2024 |
Navneet Education Limited Buyback Ratio
| Category | Entitlement Ratio of Buyback | Shares Offered |
| Reserved Category for Small Shareholders | 46/547 | 750000 |
| General Category for all other Eligible Shareholders | 10/509 | 4250000 |
Company Financials All values are in ₹ Cr.
| Period Ended | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
|---|---|---|---|
| Total Revenue | 1,764.68 | 1,711.57 | 1,133.11 |
| Total Assets | 1,747.22 | 1,656.54 | 1,269.14 |
| Profit After Tax | 251.74 | 203.76 | 74.35 |
| Total Borrowing | -- | -- | -- |
| Net Worth | -- | -- | -- |
| Reserves And Surplus | 1,326.83 | 1,307.34 | 1,081.90 |
How to Participate in Navneet Education Limited Buyback?
1. Firstly, to be eligible for the buyback the investor should have shares of Navneet Education Limited Buyback in Demat or physical form as on the record date Aug 13, 2024.
2. Once you have shares in Demat, you can participate in the buyback process which is opening from Aug 20, 2024 by selling your shares through your broker on BSE, NSE.
3. Then on Sep 11, 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 Navneet Education Limited Buyback
Maximum market value of a share holder as on record date | ₹200,000.00 |
Buyback price per share | ₹200.00 |
Maximum share for small shareholders (200000/ 200) | 1000.00 share |
Closing price of stock as of 2024-08-01 | ₹167.15 |
Maximum amount insted in buyback (₹167.15 x 1000 shares) | ₹167,150.00 |
* No. of shares stands to change according to the closing price on the record date
* For simplicity, we have considered the price on date Aug 1, 2024
Expected Profit from the Navneet Education Limited Buyback on the bases of acceptance Ratio:
Acceptance Ratio | 33% | 50% | 75% | 100% |
Amount Invested in Buyback | ₹167,150.00 | ₹167,150.00 | ₹167,150.00 | ₹167,150.00 |
No. of Shares Buyback | 330 | 500 | 750 | 1000 |
Buyback Profit | 10840 | 16424 | 24637 | 32849 |
Profit% | 6.49% | 9.83% | 14.74% | 19.65% |
Navneet Education Limited Buyback - Necessity of the Objective
The buy-back is being proposed by the company to service the equity more efficiently, additionally, the company management strives to increase equity shareholder's value.
The buyback will the help the company to return the surplus cash to its shareholders holding equity shares.
The buyback is expected to improve return on equity through distribution of cash and improve earnings per share by reduction in the equity base; thereby increasing in longterm increase in shareholder's value.
The buyback gives an option to the shareholders holding equity shares of the company, either to sell their equity shares and receive cash or not to sell their equity shares and get a resultant increase in their percentage shareholding, post the buyback offer, without additional investment.
The buyback, which is being implemented through the tender offer as prescribed under the buyback regulations, would involve minimum reservation of 15% for small shareholders and allocation of higher number of shares as per their entitlement or 15% of the number of shares to be bought back, 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.
Navneet Education Limited Buyback
Navneet Bhavan, Bhavani Shankar Road Near Shardashram Society, Dadar (W) Mumbai-400028Email: nel@navneet.com
Phone: 02266626565
Website: https://navneet.com/
Link Intime India Private Ltd
Email: navneeteducation.buyback2024@linkintime.co.in
Phone: +91-22-4918 6270
Website: https://linkintime.co.in/initial_offer/public-issues.html
