Cosmo First Limited Buyback 2022

i. Cosmo First has pioneered in many fields over the years, and its ability to provide industry-first niche solutions in packaging, lamination, industrial, and labelling applications. The company has also made exciting diversifications into Specialty Chemicals and Pet Care, with the goal of becoming a leader in these previously fragmented industries.

ii. Cosmo Films, founded in 1981, has grown to become a market leader in specialty films for flexible packaging, laminating, labeling, and industrial applications. Cosmo Films has four cutting-edge manufacturing facilities, three in India and one in Korea, allowing for massive production capacity.

iii. Cosmo Speciality Chemicals was founded in 2020 with the goal of dominating the textile auxiliary market through environmentally friendly technology. Specialty chemicals are a multidisciplinary product segment that necessitates in-depth knowledge and streamlined procedures.

iv. Zigly is a one-stop shop for everything your pet needs to live a long, happy, and healthy life. They offer premium products and top-of-the-line services in Pet Grooming, Veterinary Care, behaviour training, and all things pet care as a tech-enabled omnichannel brand. Choose from well-known pet food brands and toys at low prices in our pet store. Visit their website or your nearest Zigly Experience Centre to discover the world of Happy Pets as they embark on a healthy journey of pet parenting together.

Buy Back Offer Deal:

Buyback Type: Tender Route
Buyback Record Date: Dec 14 2022
Buyback Opening Date: Jan 27 2023
Buyback Closing Date: Feb 09 2023
Buyback Offer Amount: ₹ 108 Crores
Buyback Number of Shares: 10,09,345
FV: 10
Buyback Price: ₹ 1070 Per Equity Share
Letter for Offer Link

Details of Buyback:

Buyback of fully paid up Equity Shares of the face value of Rs. 10 (Rupees Ten Only) each not exceeding 10,09,345 Equity Shares (representing 3.70%. of the total paid up equity share capital of the Company as on March 31, 2022 adjusted for Bonus Issue in June 2022) at a price of Rs. 1070/-per Equity Share (the "Buy Back Offer Price") payable in cash for an aggregate maximum amount not exceeding Rs.108,00,00,000/- (Rupees One Hundred and Eight Crore),  through Tender Route.

Salient financial parameters:

Particulars in Crores Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Sales 1,847 2,157 2,204 2,285 3,038
Expenses 1,713 1,995 1,943 1,893 2,467
Operating Profit 133 161 261 393 572
OPM % 7% 7% 12% 17% 19%
Other Income 34 20 19 37 48
Interest 52 56 53 42 40
Depreciation 51 54 65 59 63
Profit before tax 64 72 163 329 517
Tax % -1% 15% 30% 28% 23%
Net Profit 64 61 113 237 397
EPS in Rs 22.07 20.93 38.85 86.78 145.28
Dividend Payout % 18% 19% 26% 19% 16%

How to Participate in buyback?

1. Firstly to be eligible for the buyback the investor should have shares of Cosmo First Limited Buyback 2022 in demat or physical form as on record date on [ 14-12-2022] 2. Once you have shares in demat, you can participate in the buyback process which is opening from [27-01-2023 to 09-02-2023 ] by selling your shares through your broker on NSE or BSE. 3. Then on [20-02-2023], the settlement will be done for accepted shares and unaccepted shares will be returned to your demat account

Profit from the buyback on the bases of acceptance Ratio:

Buy 241 Shares at CMP of Rs. 828 (2,00,000/828 = 241)
Acceptance Ratio 33% 50% 75% 100%
Amount Invested in Buyback 1,99,548 1,99,548 1,99,548 1,99,548
No. of Shares buyback 79 120 180 241
BuyBack Profit 19,118 29,040 43,560 58,322
Profit 9.00% 14.50% 21.80% 29.20%

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