Shervani Industrial Syndicate Limited Buyback
Shervani Industrial Syndicate Buyback 2024
Tender Offer
₹510.00
Buyback price per share06 Mar, 2024
Last Date to buy shares07 Mar, 2024
Record Date14 Mar, 2024
Offer Opens20 Mar, 2024
Offer Closes20 Mar, 2024
Last Date for Tender Forms26 Mar, 2024
Finalisation of Buyback Acceptance27 Mar, 2024
Last Date for settlement of bids08 Apr, 2024
Last Date for Extinguishment of SharesAbout Shervani Industrial Syndicate Limited Buyback Company
Incorporated in 1948, Shervani Industrial Syndicate Limited is an India-based company that operates in the real estate and infrastructure development sectors.
Shervani Industrial Syndicate Limited is a company based in India that is involved in real estate and biscuit manufacturing on a job work basis. The company is currently focused on a group housing project called Victory Tower, located within Shervani Legacy at Prayagraj. This group housing project comprises of two towers, each 13 stories high, and a total of approximately 520 units that include two BHK, three BHK, and four-bedroom, hall, and kitchen apartments.
Shervani Legacy campus covers around 50% open area consisting of a park, playground, pond for rainwater harvesting, and a road with pathways. The company has also completed several projects like Naman Homes, Tara Towers, Amber Apartment, and Sterling Apartments.
Moreover, the company owns a subsidiary known as Farco Foods Private Limited, which is involved in biscuit manufacturing on a job work basis for Surya Foods and Agro Limited under their brand, Priya Gold.
Shervani Industrial Syndicate Limited Buyback Details
- Security Name Shervani Industrial Syndicate Limited
- Buyback Price ₹510.00
- Face Valuet ₹10.00
- Listing at Group BSE
- Lead Manager Sumedha Fiscal Services Limited
- Issue Size 134,000 (9.94 % of Total number of equity Shares)
- Buyback Docs Letter Of Offer
Shervani Industrial Syndicate Limited Buyback Ratio
| Categoryy | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 108/739 | 20100 |
| General Category for all other Eligible Shareholders | 2/45 | 113900 |
Shervani Industrial Syndicate Limited Buyback Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Net Worth | 88.70 | 65.61 | 69.06 |
| Reserves And Surplus | 85.97 | 62.89 | 66.34 |
| Total Borrowing | -- | -- | -- |
| Total Assets | 185.39 | 219.60 | 264.04 |
| Profit After Tax | 23.63 | -2.77 | 6.66 |
| Total Revenue | 28.11 | 9.93 | 33.76 |
How to Participate in Shervani Industrial Syndicate Limited Buyback?
Calculation of Investment in Shervani Industrial Syndicate 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 Feb 23, 2024
Expected Profit from the Shervani Industrial Syndicate Limited Buyback on the bases of acceptance Ratio:
| Acceptance Ratio | Amount Invested in Buyback | No. of Shares Buyback | Buyback Profit | Profit% |
|---|---|---|---|---|
| 33% | ₹301,215.69 | 129 | -33295 | -11.05% |
| 50% | ₹301,215.69 | 196 | -50588 | -16.79% |
| 75% | ₹301,215.69 | 294 | -75882 | -25.19% |
| 100% | ₹301,215.69 | 392 | -101176 | -33.59% |
Amount Invested in Buyback: ₹301,215.69
Shervani Industrial Syndicate Limited Buyback - Necessity of the Objective
Buyback is being undertaken, inter-alia, for the following reasons:
The Buyback will help the Company to return surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to Shareholders.
The Buyback would help in improving return on equity by reduction in the share capital base and increasing shareholder value in the longer term.
The Buyback gives an option to the shareholders holding equity shares of the Company, who can choose to participate and get cash in lieu of equity shares to be accepted under the Buyback offer or they may choose not to participate and be benefitted of a resultant increase in their percentage shareholding, post the Buyback offer, without additional Investment.
Contact Details
Shervani Industrial Syndicate Limited Buyback
Shervani Nagar, Sulem Sarai, Harwara Prayagraj-211015
+91-7311128115
shervaniind@rediffmail.com
Registrar Contact Details
Link Intime India Private Ltd
shervani.buyback2024@linkintime.co.in
+91-22-4918 6270