Dhampur Sugar Mills Ltd Buyback
Dhampur Sugar Mills Buyback 2024
Tender Offer
₹300.00
Buyback price per share16 Jan, 2024
Last Date to buy shares17 Jan, 2024
Record Date23 Jan, 2024
Offer Opens30 Jan, 2024
Offer Closes30 Jan, 2024
Last Date for Tender Forms05 Feb, 2024
Finalisation of Buyback Acceptance06 Feb, 2024
Last Date for settlement of bids15 Feb, 2024
Last Date for Extinguishment of SharesAbout Dhampur Sugar Mills Ltd Buyback Company
Founded in 1933, Dhampur Sugar Mills Limited specializes in the integrated processing of sugarcane. The company is involved in the production and sale of sugar, chemicals, ethanol, and power co-generation.
The company uses by-products such as bagasse and molasses in its distillery and co-generation activities while producing sugar.
The Dhampur Group possesses and runs two sugarcane crushing complexes that are fully integrated, with different capacities.
Dhampur Sugar Mills Ltd Buyback Details
- Security Name Dhampur Sugar Mills Ltd
- Buyback Price ₹300.00
- Face Valuet ₹10.00
- Listing at Group BSE,NSE
- Lead Manager Centrum Capital Limited
- Issue Size 1,000,000 (1.5 % of Total number of equity Shares)
- Buyback Docs Letter Of Offer
Dhampur Sugar Mills Ltd Buyback Ratio
| Categoryy | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 31/1489 | 150000 |
| General Category for all other Eligible Shareholders | 19/1323 | 850000 |
Dhampur Sugar Mills Ltd Buyback Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Total Revenue | 2,889.50 | 2,173.62 | 2,245.03 |
| Net Worth | -- | -- | -- |
| Total Borrowing | -- | -- | -- |
| Reserves And Surplus | -- | -- | -- |
| Total Assets | 2,121.65 | 2,164.82 | 3,470.80 |
| Profit After Tax | 157.99 | 144.03 | 198.62 |
How to Participate in Dhampur Sugar Mills Ltd Buyback?
Calculation of Investment in Dhampur Sugar Mills Ltd 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 Jan 3, 2024
Expected Profit from the Dhampur Sugar Mills Ltd Buyback on the bases of acceptance Ratio:
| Acceptance Ratio | Amount Invested in Buyback | No. of Shares Buyback | Buyback Profit | Profit% |
|---|---|---|---|---|
| 33% | ₹179,466.67 | 220 | 6776 | 3.78% |
| 50% | ₹179,466.67 | 333 | 10256 | 5.71% |
| 75% | ₹179,466.67 | 500 | 15400 | 8.58% |
| 100% | ₹179,466.67 | 666 | 20512 | 11.43% |
Amount Invested in Buyback: ₹179,466.67
Dhampur Sugar Mills Ltd Buyback - Necessity of the Objective
The buyback is undertaken for the following reasons:
The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares thereby, enhancing the overall return to shareholders.
The Buyback, which is being implemented through the tender offer route as prescribed under the SEBI Buyback Regulations, would involve the allocation of several Equity Shares as per their entitlement or 15% of the number of Equity Shares to be repurchased whichever is higher, 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 as per Regulation 2(i)(n) of the SEBI Buyback Regulations;
The Buyback may help in improving return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders'.
The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash instead of Equity Shares to be accepted under the Buyback offer or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer, without additional investment.
Contact Details
Dhampur Sugar Mills Ltd Buyback
6th Floor, Max HouseOkhla Industrial Estate, Phase III New Delhi - 110020.
+91 011-41259400
investordesk@dhampursugar.com