Savita Oil Technologies Limited Buyback
Savita Oil Technologies Buyback 2024
Tender Offer
₹675.00
Buyback price per share14 Aug, 2024
Last Date to buy shares16 Aug, 2024
Record Date22 Aug, 2024
Offer Opens28 Aug, 2024
Offer Closes28 Aug, 2024
Last Date for Tender Forms02 Sep, 2024
Finalisation of Buyback Acceptance04 Sep, 2024
Last Date for settlement of bids12 Sep, 2024
Last Date for Extinguishment of SharesAbout Savita Oil Technologies Limited Buyback Company
Savita Oil Technologies Limited, formerly known as Savita Chemicals Limited, was incorporated in July 1961 and is engaged in the manufacture and marketing of petroleum specialty products such as transformer oil, white oils, lubricating oils, industrial oils, greases etc.
The company has manufacturing facilities in Sakinaka, Mumbai; Turbhe, Mumbai; Kharadpada, Silvassa; and Mahad, an industrial development zone in Maharashtra.
The company distributes its products in the domestic and international markets. Savita Oil Technologies launched its lubricating oil brand SAVSOL in the domestic retail market in 2007. The company supplies transformer oil to most of the electricity boards and major transformer manufacturers, lubricating oils to most of the leading two wheeler OEMs (Original Equipment Manufacturers) and white oils to the leading FMCG companies and has carved a niche for quality products over the years.
Savita Oil Technologies Limited Buyback Details
- Security Name Savita Oil Technologies Limited
- Buyback Price ₹675.00
- Face Valuet ₹2.00
- Listing at Group BSE, NSE
- Lead Manager Saffron Capital Advisors Private Limited
- Issue Size 540,000 ( % of Total number of equity Shares)
- Buyback Docs Letter Of Offer
Savita Oil Technologies Limited Buyback Ratio
| Categoryy | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | / | |
| General Category for all other Eligible Shareholders | / |
Savita Oil Technologies Limited Buyback Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Profit After Tax | 225.70 | 260.49 | -- |
| Total Revenue | 3,653.37 | 2,969.19 | -- |
| Net Worth | -- | -- | -- |
| Total Borrowing | -- | -- | -- |
| Total Assets | -- | -- | -- |
| Reserves And Surplus | -- | -- | -- |
How to Participate in Savita Oil Technologies Limited Buyback?
Calculation of Investment in Savita Oil Technologies 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 3, 2024
Expected Profit from the Savita Oil Technologies Limited Buyback on the bases of acceptance Ratio:
| Acceptance Ratio | Amount Invested in Buyback | No. of Shares Buyback | Buyback Profit | Profit% |
|---|---|---|---|---|
| 33% | ₹186,296.30 | 97 | 4486 | 2.41% |
| 50% | ₹186,296.30 | 148 | 6845 | 3.67% |
| 75% | ₹186,296.30 | 222 | 10267 | 5.51% |
| 100% | ₹186,296.30 | 296 | 13690 | 7.35% |
Amount Invested in Buyback: ₹186,296.30
Savita Oil Technologies Limited Buyback - Necessity of the Objective
The buyback will help the company to return the surplus cash to its shareholders holding equity shares.
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 in long-term increase in shareholder 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 a large number of public shareholders, who would be classified as small shareholders.
Contact Details
Savita Oil Technologies Limited Buyback
66/67, Nariman Bhavan, Nariman Point, Mumbai - 400 021
+91-22-2288 3061
legal@savita.com
Registrar Contact Details
Link Intime India Private Ltd
savitaoil.buyback2024@linkintime.co.in
+91-22-4918 6270