Cheviot Company Limited Buyback
Cheviot Company Buyback 2024
Tender Offer
₹1,800.00
Buyback price per share13 Jun, 2024
Last Date to buy shares14 Jun, 2024
Record Date20 Jun, 2024
Offer Opens26 Jun, 2024
Offer Closes26 Jun, 2024
Last Date for Tender Forms02 Jul, 2024
Finalisation of Buyback Acceptance03 Jul, 2024
Last Date for settlement of bids12 Jul, 2024
Last Date for Extinguishment of SharesAbout Cheviot Company Limited Buyback Company
Cheviot Company Limited manufactures jute products and fabrics serving domestic and international markets. The company is well-known for producing high-quality technical jute fabrics for export. Its manufacturing facilities are situated at 19 Mehta Road, Bade Kalinagar, Budge Budge - 700137 and Sector II, Falta Special Economic Zone, Falta 24-Parganas (South), both of them located in the state of West Bengal, India.
Read MoreCheviot Company Limited Buyback Details
- Security Name Cheviot Company Limited
- Buyback Price ₹1,800.00
- Face Valuet ₹10.00
- Listing at Group BSE, NSE
- Lead Manager Vc Corporate Advisors Pvt Ltd (Vcapl)
- Issue Size 175,000 (2.91 % of Total number of equity Shares)
- Buyback Docs Letter Of Offer
Cheviot Company Limited Buyback Ratio
| Categoryy | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 105/1838 | 26250 |
| General Category for all other Eligible Shareholders | 11/411 | 148750 |
Cheviot Company Limited Buyback Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Total Borrowing | -- | -- | -- |
| Total Revenue | 507.80 | 574.31 | 593.63 |
| Profit After Tax | 69.39 | 54.46 | 79.35 |
| Reserves And Surplus | 477.51 | 444.44 | 414.99 |
| Total Assets | -- | -- | -- |
| Net Worth | 483.53 | 450.46 | 421.01 |
How to Participate in Cheviot Company Limited Buyback?
Calculation of Investment in Cheviot Company 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 May 24, 2024
Expected Profit from the Cheviot Company Limited Buyback on the bases of acceptance Ratio:
| Acceptance Ratio | Amount Invested in Buyback | No. of Shares Buyback | Buyback Profit | Profit% |
|---|---|---|---|---|
| 33% | ₹162,394.44 | 36 | 12184 | 7.50% |
| 50% | ₹162,394.44 | 55 | 18614 | 11.46% |
| 75% | ₹162,394.44 | 83 | 28091 | 17.30% |
| 100% | ₹162,394.44 | 111 | 37567 | 23.13% |
Amount Invested in Buyback: ₹162,394.44
Cheviot Company Limited Buyback - Necessity of the Objective
The Buy-Back will help the Company to return surplus cash to its shareholders holding ordinary shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders;
The Company believes that the 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 Buy-Back Regulations.
The Buy-Back would help in improving return on equity by reducing the share capital base and increasing shareholder's value in the longer term.
The Buy-Back gives an option to the shareholders holding ordinary shares of the Company, who can choose to participate and get cash in lieu of ordinary shares to be accepted under the Buy-Back offer or they may choose not to participate and benefit from a resultant increase in their percentage shareholding, post the Buy-Back offer, without additional investment.
The Buy-Back will help the Company in achieving an optimal capital structure.
Contact Details
Cheviot Company Limited Buyback
24 Park Street, Celica House, 9th Floor, Celica Park Kolkata-700016
+91 82320 87911
cheviot@chevjute.com