Chaman Lal Setia Exports Limited Buyback
Chaman Lal Setia Exports Buyback 2024
Tender Offer
₹300.00
Buyback price per share16 Aug, 2024
Last Date to buy shares19 Aug, 2024
Record Date23 Aug, 2024
Offer Opens29 Aug, 2024
Offer Closes29 Aug, 2024
Last Date for Tender Forms14 Sep, 2024
Finalisation of Buyback Acceptance05 Sep, 2024
Last Date for settlement of bids17 Sep, 2024
Last Date for Extinguishment of SharesAbout Chaman Lal Setia Exports Limited Buyback Company
Chaman Lal Setia Exports Ltd. is one of the largest manufacturers and exporters of basmati rice in India with its flagship brand Maharani basmati rice.
The paddy fields of Chaman Lal Setia Exports are located in Amritsar in Punjab, Karnal in Haryana and Delhi and spread over 4000 sq. km of rice-producing area. The company has a strong nationwide presence, is present in more than 83 countries and packs over 272 private labels in numerous markets around the world.
The company started exporting in 1982 and was recognized as an export house by the Ministry of Commerce, Government of India in 1989.
Chaman Lal Setia Exports Limited Buyback Details
- Security Name Chaman Lal Setia Exports Limited
- Buyback Price ₹300.00
- Face Valuet ₹2.00
- Listing at Group BSE, NSE
- Lead Manager Corporate Professionals Capital Private Ltd
- Issue Size 2,007,930 (9.5 % of Total number of equity Shares)
- Buyback Docs Letter Of Offer
Chaman Lal Setia Exports Limited Buyback Ratio
| Categoryy | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 21/251 | 301190 |
| General Category for all other Eligible Shareholders | 24/677 | 1706740 |
Chaman Lal Setia Exports Limited Buyback Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Total Revenue | -- | -- | -- |
| Net Worth | -- | -- | -- |
| Total Assets | -- | -- | -- |
| Profit After Tax | -- | -- | -- |
| Reserves And Surplus | -- | -- | -- |
| Total Borrowing | -- | -- | -- |
How to Participate in Chaman Lal Setia Exports Limited Buyback?
Calculation of Investment in Chaman Lal Setia Exports Limited Buyback Buyback 2026
* 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 6, 2024
Expected Profit from the Chaman Lal Setia Exports Limited Buyback on the bases of acceptance Ratio:
| Acceptance Ratio | Amount Invested in Buyback | No. of Shares Buyback | Buyback Profit | Profit% |
|---|---|---|---|---|
| 33% | ₹148,600.00 | 220 | 16962 | 11.41% |
| 50% | ₹148,600.00 | 333 | 25674 | 17.28% |
| 75% | ₹148,600.00 | 500 | 38550 | 25.94% |
| 100% | ₹148,600.00 | 666 | 51348 | 34.55% |
Amount Invested in Buyback: ₹148,600.00
Chaman Lal Setia Exports Limited Buyback - Necessity of the Objective
The buyback will help the company to distribute surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
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 the long-term 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 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 many public shareholders, who would be classified as small shareholders.
The buyback would help in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the company.
Contact Details
Chaman Lal Setia Exports Limited Buyback
No. 472, Udyog Vihar, Phase -3, Near Wipro & Educom Building, Gurugram - 122016
+91-124-4745900
maharani@setiarice.com
Registrar Contact Details
Beetal Financial & Computer Services (P) Limited
beetal@beetalfinancial.com
+91 11 29961281