Navneet Education Limited Buyback
Navneet Education Buyback 2024
Tender Offer
₹200.00
Buyback price per share12 Aug, 2024
Last Date to buy shares13 Aug, 2024
Record Date20 Aug, 2024
Offer Opens26 Aug, 2024
Offer Closes26 Aug, 2024
Last Date for Tender Forms30 Aug, 2024
Finalisation of Buyback Acceptance02 Sep, 2024
Last Date for settlement of bids11 Sep, 2024
Last Date for Extinguishment of SharesAbout Navneet Education Limited Buyback Company
Navneet Education Limited is brand in India for educational content and a significant player in the publishing industry. The company produces stationery, general, and children's books in various Indian and foreign languages. It also operates 'The Orchid International School.'
The company has manufacturing units in Dantali, Silvassa, and Khaniwade, with warehouses at Khaniwade, Silvassa, and Ghuma Gujarat for storing finished goods.
The company's popular products and brands include Vikas workbooks, Gala practice books, Grafalco pre-primary books, YOUVA full-scapes, TOPClass digital educational solutions, and TOPScorer e-learning techniques.
The company has exported its products to countries such as Canada, the USA, Mexico, Jamaica, the UK, and Germany. Spain, Ethiopia, Kenya, Romania, Tanzania, New Zealand, U.A.E., Ivory Coast, France, Australia, Angola, Chile and so on.
In 2023, the company introduced the LMS Platform in the states of Maharashtra, Gujarat, Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, and Chhattisgah.
The company released workbooks for Classes 12, and 3 in 2024, based on the latest NCERT syllabus and textbooks.
With over 2,500 employees, the company prioritizes excellence, creativity, and expertise. The 400+ authors, skilled editors, and dedicated quality-check team ensure high-quality educational content, shaping the future of global learning.
Navneet Education Limited Buyback Details
- Security Name Navneet Education Limited
- Buyback Price ₹200.00
- Face Valuet ₹2.00
- Listing at Group BSE, NSE
- Lead Manager Inga Ventures Pvt Ltd
- Issue Size 5,000,000( % of Total number of equity Shares)
- Buyback Docs Letter Of Offer
Navneet Education Limited Buyback Ratio
| Categoryy | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 46/547 | 750000 |
| General Category for all other Eligible Shareholders | 10/509 | 4250000 |
Navneet Education Limited Buyback Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Total Borrowing | -- | -- | -- |
| Net Worth | -- | -- | -- |
| Total Revenue | 1,764.68 | 1,711.57 | 1,133.11 |
| Profit After Tax | 251.74 | 203.76 | 74.35 |
| Total Assets | 1,747.22 | 1,656.54 | 1,269.14 |
| Reserves And Surplus | 1,326.83 | 1,307.34 | 1,081.90 |
How to Participate in Navneet Education Limited Buyback?
Calculation of Investment in Navneet Education 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 1, 2024
Expected Profit from the Navneet Education Limited Buyback on the bases of acceptance Ratio:
| Acceptance Ratio | Amount Invested in Buyback | No. of Shares Buyback | Buyback Profit | Profit% |
|---|---|---|---|---|
| 33% | ₹167,150.00 | 330 | 10840 | 6.49% |
| 50% | ₹167,150.00 | 500 | 16424 | 9.83% |
| 75% | ₹167,150.00 | 750 | 24637 | 14.74% |
| 100% | ₹167,150.00 | 1000 | 32849 | 19.65% |
Amount Invested in Buyback: ₹167,150.00
Navneet Education Limited Buyback - Necessity of the Objective
The buy-back is being proposed by the company to service the equity more efficiently, additionally, the company management strives to increase equity shareholder's value.
The buyback will the help the company to return the surplus cash to its shareholders holding equity shares.
The buyback is expected to improve return on equity through distribution of cash and improve earnings per share by reduction in the equity base; thereby increasing in longterm increase in 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 minimum reservation of 15% for small shareholders and allocation of 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 get classified as small shareholders.
Contact Details
Navneet Education Limited Buyback
Navneet Bhavan, Bhavani Shankar Road Near Shardashram Society, Dadar (W) Mumbai-400028
02266626565
nel@navneet.com
Registrar Contact Details
Link Intime India Private Ltd
navneeteducation.buyback2024@linkintime.co.in
+91-22-4918 6270