Savita Oil Technologies Limited Buyback
Savita Oil Technologies Buyback 2024
Tender Offer
₹675.00
Buyback price per shareAbout Savita Oil Technologies Limited Buyback
Savita Oil Technologies Limited, formerly known as Savita Chemicals Limited, was incorporated in July 1961 and is engaged in the manufacture and marketing of petroleum specialty products such as transformer oil, white oils, lubricating oils, industrial oils, greases etc.
The company has manufacturing facilities in Sakinaka, Mumbai; Turbhe, Mumbai; Kharadpada, Silvassa; and Mahad, an industrial development zone in Maharashtra.
The company distributes its products in the domestic and international markets. Savita Oil Technologies launched its lubricating oil brand SAVSOL in the domestic retail market in 2007. The company supplies transformer oil to most of the electricity boards and major transformer manufacturers, lubricating oils to most of the leading two wheeler OEMs (Original Equipment Manufacturers) and white oils to the leading FMCG companies and has carved a niche for quality products over the years.
Savita Oil Technologies Limited Buyback Details
Security Name
Savita Oil Technologies LimitedBuyback Price
₹675.00Face Value
₹2.00Listing at Group
BSE, NSELead Manager
Saffron Capital Advisors Private LimitedBuyback Docs
Letter Of OfferIssue Size
540,000 ( % of Total number of equity Shares)Savita Oil Technologies Buyback 2024 Issue Timetable
| Last Date to buy shares | Record Date | Offer Opens On | Offer Closes On * |
| Aug 14, 2024 | Aug 16, 2024 | Aug 22, 2024 | Aug 28, 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 28, 2024 | Sep 2, 2024 | Sep 4, 2024 | Sep 12, 2024 |
Savita Oil Technologies Limited Buyback Ratio
| Category | Entitlement Ratio of Buyback | Shares Offered |
| Reserved Category for Small Shareholders | / | |
| General Category for all other Eligible Shareholders | / |
Company Financials All values are in ₹ Cr.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Total Revenue | 3,653.37 | 2,969.19 | -- |
| Profit After Tax | 225.70 | 260.49 | -- |
| Total Assets | -- | -- | -- |
| Total Borrowing | -- | -- | -- |
| Net Worth | -- | -- | -- |
| Reserves And Surplus | -- | -- | -- |
How to Participate in Savita Oil Technologies Limited Buyback?
1. Firstly, to be eligible for the buyback the investor should have shares of Savita Oil Technologies Limited Buyback in Demat or physical form as on the record date Aug 16, 2024.
2. Once you have shares in Demat, you can participate in the buyback process which is opening from Aug 22, 2024 by selling your shares through your broker on BSE, NSE.
3. Then on Sep 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 Savita Oil Technologies Limited Buyback
Maximum market value of a share holder as on record date | ₹200,000.00 |
Buyback price per share | ₹675.00 |
Maximum share for small shareholders (200000/ 675) | 296.30 share |
Closing price of stock as of 2024-08-03 | ₹628.75 |
Maximum amount insted in buyback (₹628.75 x 296.2962962962963 shares) | ₹186,296.30 |
* 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 3, 2024
Expected Profit from the Savita Oil Technologies Limited Buyback on the bases of acceptance Ratio:
Acceptance Ratio | 33% | 50% | 75% | 100% |
Amount Invested in Buyback | ₹186,296.30 | ₹186,296.30 | ₹186,296.30 | ₹186,296.30 |
No. of Shares Buyback | 97 | 148 | 222 | 296 |
Buyback Profit | 4486 | 6845 | 10267 | 13690 |
Profit% | 2.41% | 3.67% | 5.51% | 7.35% |
Savita Oil Technologies Limited Buyback - Necessity of the Objective
The buyback will help the company to return the surplus cash to its shareholders holding equity shares.
The buyback is expected to improve return on equity through the distribution of cash and improve earnings per share by reducing the equity base; thereby increasing in long-term increase in shareholder 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 a minimum reservation of 15% for small shareholders and allocation of a 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 be classified as small shareholders.
Savita Oil Technologies Limited Buyback
66/67, Nariman Bhavan, Nariman Point, Mumbai - 400 021Email: legal@savita.com
Phone: +91-22-2288 3061
Website: https://www.savita.com/index.php
Link Intime India Private Ltd
Email: savitaoil.buyback2024@linkintime.co.in
Phone: +91-22-4918 6270
Website: https://linkintime.co.in/
