Shervani Industrial Syndicate Limited Buyback
Shervani Industrial Syndicate Buyback 2024
Tender Offer
₹510.00
Buyback price per shareAbout Shervani Industrial Syndicate Limited Buyback
Incorporated in 1948, Shervani Industrial Syndicate Limited is an India-based company that operates in the real estate and infrastructure development sectors.
Shervani Industrial Syndicate Limited is a company based in India that is involved in real estate and biscuit manufacturing on a job work basis. The company is currently focused on a group housing project called Victory Tower, located within Shervani Legacy at Prayagraj. This group housing project comprises of two towers, each 13 stories high, and a total of approximately 520 units that include two BHK, three BHK, and four-bedroom, hall, and kitchen apartments.
Shervani Legacy campus covers around 50% open area consisting of a park, playground, pond for rainwater harvesting, and a road with pathways. The company has also completed several projects like Naman Homes, Tara Towers, Amber Apartment, and Sterling Apartments.
Moreover, the company owns a subsidiary known as Farco Foods Private Limited, which is involved in biscuit manufacturing on a job work basis for Surya Foods and Agro Limited under their brand, Priya Gold.
Shervani Industrial Syndicate Limited Buyback Details
Security Name
Shervani Industrial Syndicate LimitedBuyback Price
₹510.00Face Value
₹10.00Listing at Group
BSELead Manager
Sumedha Fiscal Services LimitedBuyback Docs
Letter Of OfferIssue Size
134,000 (9.94 % of Total number of equity Shares)Shervani Industrial Syndicate Buyback 2024 Issue Timetable
| Last Date to buy shares | Record Date | Offer Opens On | Offer Closes On * |
| Mar 6, 2024 | Mar 7, 2024 | Mar 14, 2024 | Mar 20, 2024 |
| Last Date for receipt of Tender Forms | Finalisation of Buyback Acceptance | Last Date for settlement of bids | Last Date for Extinguishment of Shares |
| Mar 20, 2024 | Mar 26, 2024 | Mar 27, 2024 | Apr 8, 2024 |
Shervani Industrial Syndicate Limited Buyback Ratio
| Category | Entitlement Ratio of Buyback | Shares Offered |
| Reserved Category for Small Shareholders | 108/739 | 20100 |
| General Category for all other Eligible Shareholders | 2/45 | 113900 |
Company Financials All values are in ₹ Cr.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Profit After Tax | 23.63 | -2.77 | 6.66 |
| Total Revenue | 28.11 | 9.93 | 33.76 |
| Net Worth | 88.70 | 65.61 | 69.06 |
| Total Borrowing | -- | -- | -- |
| Reserves And Surplus | 85.97 | 62.89 | 66.34 |
| Total Assets | 185.39 | 219.60 | 264.04 |
How to Participate in Shervani Industrial Syndicate Limited Buyback?
1. Firstly, to be eligible for the buyback the investor should have shares of Shervani Industrial Syndicate Limited Buyback in Demat or physical form as on the record date Mar 7, 2024.
2. Once you have shares in Demat, you can participate in the buyback process which is opening from Mar 14, 2024 by selling your shares through your broker on BSE.
3. Then on Apr 8, 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 Shervani Industrial Syndicate Limited Buyback
Maximum market value of a share holder as on record date | ₹200,000.00 |
Buyback price per share | ₹510.00 |
Maximum share for small shareholders (200000/ 510) | 392.16 share |
Closing price of stock as of 2024-02-23 | ₹768.10 |
Maximum amount insted in buyback (₹768.10 x 392.15686274509807 shares) | ₹301,215.69 |
* No. of shares stands to change according to the closing price on the record date
* For simplicity, we have considered the price on date Feb 23, 2024
Expected Profit from the Shervani Industrial Syndicate Limited Buyback on the bases of acceptance Ratio:
Acceptance Ratio | 33% | 50% | 75% | 100% |
Amount Invested in Buyback | ₹301,215.69 | ₹301,215.69 | ₹301,215.69 | ₹301,215.69 |
No. of Shares Buyback | 129 | 196 | 294 | 392 |
Buyback Profit | -33295 | -50588 | -75882 | -101176 |
Profit% | -11.05% | -16.79% | -25.19% | -33.59% |
Shervani Industrial Syndicate Limited Buyback - Necessity of the Objective
Buyback is being undertaken, inter-alia, for the following reasons:
The Buyback will help the Company to return surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to Shareholders.
The Buyback would help in improving return on equity by reduction in the share capital base and increasing shareholder value in the longer term.
The Buyback gives an option to the shareholders holding equity shares of the Company, who can choose to participate and get cash in lieu of equity shares to be accepted under the Buyback offer or they may choose not to participate and be benefitted of a resultant increase in their percentage shareholding, post the Buyback offer, without additional Investment.
Shervani Industrial Syndicate Limited Buyback
Shervani Nagar, Sulem Sarai, Harwara Prayagraj-211015Email: shervaniind@rediffmail.com
Phone: +91-7311128115
Website: http://www.shervaniind.com/
Link Intime India Private Ltd
Email: shervani.buyback2024@linkintime.co.in
Phone: +91-22-4918 6270
Website: https://linkintime.co.in/initial_offer/public-issues.html
