Chambal Fertilisers and Chemicals Limited Buyback 2024
Chambal Fertilisers and Chemicals Limited accounts for nearly 13% of the total Urea produced in the country. Since more than two decades company has contributed to the food security of the country with responsibility. Its three hi-tech nitrogenous fertiliser (urea) plants are located at Gadepan in Kota district of Rajasthan. The three plants have an installed annual production capacity of about 3.4 million MT of Urea contributing to major chunk of Urea consumed in leading agri states in India. These plants were commissioned in 1994, 1999 and 2019 respectively. These plants use state-of-the-art technology from Denmark, Italy, United States and Japan.
The Company caters to the need of the farmers in in northern, eastern, central and western regions of India and is the major fertiliser supplier in the state of Rajasthan, Madhya Pradesh, Punjab, Uttar Pradesh, Bihar, Chhattisgarh and Haryana. The Company has further strengthened its position as major fertilizer manufacturer in India after the commissioning of Gadepan III plant.
Buy Back Offer Deal:
| Buyback Type: | Tender Offer |
| Buyback Record Date: | Jan 18 2024 |
| Buyback Opening Date: | Jan 24 2024 |
| Buyback Closing Date: | Jan 31 2024 |
| Buyback Offer Amount: | ₹ 700 Cr. |
| Date of Board Meeting approving the proposal: | Jan 08 2024 |
| Date of Public Announcement: | Jan 08 2024 |
| Buyback Offer Size: | 3.74% |
| Buyback Number of Shares: | 1,55,55,555 |
| Price Type: | Tender Offer |
| FV: | 10 |
| Buyback Price: | ₹ 450 Per Equity Share |
Details of Buyback:
Salient financial parameters:
| Particulars (In Cr) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| Sales + | 7,541 | 10,095 | 12,206 | 12,719 | 16,069 |
| Expenses + | 6,730 | 8,894 | 10,281 | 10,249 | 13,804 |
| Operating Profit | 811 | 1,200 | 1,925 | 2,470 | 2,265 |
| OPM % | 11% | 12% | 16% | 19% | 14% |
| Other Income + | 172 | -2 | 192 | 470 | 374 |
| Interest | 157 | 247 | 504 | 291 | 109 |
| Depreciation | 85 | 119 | 287 | 289 | 300 |
| Profit before tax | 740 | 832 | 1,327 | 2,360 | 2,231 |
| Tax % | 33% | 30% | 8% | 26% | 30% |
| Net Profit + | 495 | 585 | 1,226 | 1,748 | 1,566 |
| EPS in Rs | 11.99 | 14.18 | 29.46 | 39.76 | 37.62 |
|
Dividend Payout %
|
16% | 14% | 14% | 19% | 20% |
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
| Acceptance Ratio | 33% | 50% | 75% | 100% |
| Amount Invested in Buyback | 168720 | 168720 | 168720 | 168720 |
| No. of Shares Buyback | 146 | 222 | 333 | 444 |
| Buyback Profit | 10220 | 15540 | 23310 | 31080 |
| Profit% | 6.06% | 9.21% | 13.82% | 18.42% |
103 Comments
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What is it’s future
Nothing just sell it … it might go to 300.. I sold it as many of them will be stuck waiting for their price.
Future is good.Crossed 370/ today and sold my holdings. Gain is about 3450/
Sold holdings nearly 369 on Friday
Shares dp me n payment bank me kb tk aayegi
Payment should come by 7th Feb and Shares should show up in DP on 8th Feb. Not sure if some brokers may get on 7th Feb
Received just now.
I am an Upstox A/C User and my trades were executed for buyback on 24th January but I have not recieved the amount on my demat account or on my bank saving account.
Please help
I am an Upstox A/C User and my trades were executed for buyback on 24th January but I have not recieved the amount on my demat account or on my bank saving account.
Please help
Just 19.6% AR and price is down.
Who bought at 385 like me are in huge loss and buyback profit is not enough it cover that loss.
Only price recovery could save us now from loss.
Currently at 32,000 rs loss and if we add buyback profit then 18,000 rs loss in total 4 accounts.
Should have taken extra care before participating , if too many people take part than price also fall after buyback record date because everyone comes to sell as well the AR also comes very less for all participants..
Please don’t get upset.It is a quality stock
Price will increase. Patience is needed.Good luck to all.
Yes agreed thanks good luck
Yes if price recovers 370 thn no loss no profit. Still fear Buyback returned shares selling pressure tomorrow or day after tomorrow.
19.60%
CHAMBEL FERTILIZER BUYBACK 98 SHARE ACCEPTED OUT OF 500 SHARE
Forwarded
Any news on AR?
After 3pm
Any news on AR?
Tomorrow you’ll be known.
SIVARAMAKRISHNA Sir , are you participating in orbit and kaveri seed buyback?
And what’s your approx estimate of final AR in both buybacks
Participating in the Buyback of Kaveri Seeds. Yet to decide regarding Orbit. Now a days I am not studying much and hence can’t estimate. Thank u n God blesses you with all the best.
Thank you so much sir for response.
God bless you sir🙏
AR should be around 20-22%
As Per my Analysis AR would be around 17-20%. Hope Some positive news in budget for this segment.
i am expecting 25% acceptance. not bad hoping price will rise
What will be expected AR for retail n when payment will come?
My unscientific guess is it would be around 25%. Payment will come in a week.
Just realized that ICICI direct closes the buyback at 11:00 AM. What a bunch of frauds. I couldn’t tender yesterday because the shares were pledges, and I unpledged them on the 29th.
Any chance of doing it directly from NSDL?
Look at the mail from the RTA agent. I think there is an option to send a physical form to tender the shares. I have never used it myself, so don’t know the process.
Expecting 22% + AR for Chambal.. Lets hope for a rally tomorrow in Chambal and AR would increase.
The ideal day to apply in Buyback is last day by 10 AM, after reviewing the market rate, but only if you are sure not to forget.
➡️ Expected Accpt.: 18% ( Small Sh.holder category)
𝙰𝚕𝚕 𝚌𝚊𝚕𝚌𝚞𝚕𝚊𝚝𝚒𝚘𝚗 𝚋𝚊𝚜𝚎𝚍 𝚘𝚗 𝚌𝚞𝚛𝚛𝚎𝚗𝚝 𝚖𝚊𝚛𝚔𝚎𝚝 𝚜𝚌𝚎𝚗𝚊𝚛𝚒𝚘 𝚊𝚗𝚍 𝚜𝚑𝚊𝚛𝚎 𝚙𝚛𝚒𝚌𝚎.
𝚂𝚝𝚊𝚢 𝚌𝚘𝚗𝚗𝚎𝚌𝚝𝚎𝚍 𝚏𝚘𝚛 𝚏𝚞𝚛𝚝𝚑𝚎𝚛 𝚞𝚙𝚍𝚊𝚝𝚎𝚜…
When is the ideal date among the offer period to actually apply for Buyback? is it second last day ?
hold 375 shares purchased long before record date. 26 shares offered for buyback by company over mail. wish to apply 26 shares for buyback. will they take all 26 shares and settle transaction or any chance is there to take lesser number of share for buyback by company. pls let know buddies.
Very bad , too much loss in chambal shares😢
I should have not participated Final AR also would be less
Buybacks had been profitable in the bull market, so people have started participating blindly. These days there is a lot of awareness among both retail and institutional investors who position accordingly and it is not like there is any free money waiting to be picked up. Among recent buybacks, Elegant Marbles, Dhampur and Chambal will likely result in losses for many of those who bought just in the hope of buyback profits.
But, why do you even think that Buying Stocks for Buyback is for actual Buyback. When a company does buyback –
1. No. of shares in the market reduce which increases EPS and which decrease PE Ratio and it makes the stock at attractive valuation to earn mid-term better profits.
2. Also, with strong financial companies like Chambal Fert. , lesser shares in public/market means higher demand and a upper side rally which will again increase the price.
So, it’s a win-win situation atleast in this stock. whatever accepted, rest get from open market.
True
Expected Retail Acceptance Ratio : 15% – 18%
Entitlement Ratio has been 6%, I got the mail. if only 30% would apply, then acceptance ratio would be about 14.41%. to be in 15-18%, less than 25% of retail shareholders should apply
Chambal Fertilizers Buyback Detail Announced
Buyback Window Dates : 24 – 31 January
Buyback Settlement Date : 7 February
Retail Entitlement Ratio : 01 Shares Against 14 Shares (7.16%)
Expected Retail Acceptance Ratio : 20 – 25%
Source GK
Entitlement Ratio has been 6%, I got the mail. if only 30% would apply, then acceptance ratio would be about 14.41%. to be in 20-25%, less than 20% of retail shareholders should apply
received email 35/500 & 36/510 ER
Hopeful of 30% + AR
Very nice of you Sumit ji, for coming on with the positive/ optimistic comment in the present situation. Let us also wish good luck to all of us. After all you have been excellent in your foresight and forecasts
Gopi ji, Market is the King. Chambal is a decent stock available at decent valuation. We have many examples where Buyback was not so successful but the rate sooner crossed the Buyback price..
I Believe Chambal and KSCL are the shares to be hold for future ( 1 year ) in case there are some drastic events in market. So nothing to worry…,, Budget could probably also support… Lets see..
Secondary market I am deep into V Cloud.
Agree with your excellent comments in full, Sumit Ji.Wish you to be in cloud nine as well.
So, if ER has been 6%, then mathematically , to get 30% AR, only 10-12% eligible shareholders to apply I guess
No email received till now regarding Entitlement, any news?
I received email in one account but not for another, despite buying on same day in both accounts. Is there any other way to verify eligibility?
Actual ER for small share holders:
1 out of 14 shares = 7.15 %
Aankit where u get that figure for Retail shareholder?
From BSE Website > Chambal Fertilizers > Offer letter
It seems to be wrong info. As I received offer for 35 out of 500.
@ VIVEK
35 / 500 = 7.00 %
My information of ER of 7.14 % is correct
I got 3/50, so it’s 6%. Why is it differing
What’s your final AR expections bro?
Entitlement is today or Tuesday?
Please Anyone confirm Expected ER?
final ER is 7.14% is declared
Thanks Gopi ji & SRK ji for your kind words. It has been windfall in secondary market and had been busy in it…..
Good to know that you have made a fortune in the secondary market.I too made good money this year.Wish you greater luck.
Today is the last day to buy for Chamball Buyback.. Seeing current market condition 510-512 Shares to be max for been Small Category.
Good to see you back after a long time.Hope everything is fine with you, Sumit ji.
Ex date showing at zerodha portal is 18 Jan
Can u pls tell whether we can buy it tomorrow or not
Must buy today to be eligible for buyback.
Very much delighted to see your posting. We are all missing you in the forum for the last several days. Good god, you have restarted. Wholeheartedly, I thank you very much for your kindness to post your thoughts.
………..Your posting, Sumit ji. Sorry for omitting the name.
What are the dated to offer our shares for Buy-back?
Also, lets take an example if I have 100 shares before record date and sale shares after record date but before offering for buy back and then repurchase before offering for buy back, will I be able to participate in Buy back
Yes Anshul. Make sure to buy atleast 1 day before last date to apply for buyback
Experts, Any possibility that will be out from ban period before 17th January?
Yes, it is possible, since MWPL is down to 80.2%, but how is it relevant for the buyback ?
Looks like people not much interested in this buyback.
BTW what will be the approx ER n AR for retail?
Bought Chambal @ Rs 375. Hope AR will be around 30%.
@ANKIT JI
I am also planning to buy 1 full lot (small share holder) if it falls to around 265 (200 Day MA) during correction
Sorry
365
I will also add further in another account if it fall below 360.
This is my first time Buy back, Only bought 50 Shares at 375 same rate, just testing how it works , ha ha
https://twitter.com/cnbctv18news/status/1744561005173383541?s=46&t=2KQjJJpX4D0SSLG_wsGk6g
Promotors will going to participate 🥳
Should we participate in buyback..??
Expected Minimum Entitlement Ratio for Small Shareholders (below Rs 2 lakhs):
Dhampur Sugar Jan 2024: 2.25 %
Kaveri Seeds Jan 2024: 30.04 %
Chambal Fertilisers Jan 2024: 11.22 %
Bajaj Auto Jan 2024 : 15 %
For Chambal it has been 6/7%
A rough calculation of retail (<2L) gave me an ER of around 5%. If the price goes about 400, then AR can be 25 to 30%. The buyback size is not small when looking into the market cap.
Acceptance ratio too low will be less than 5% theoretically. Practically also not be more than 20 percent
Acceptance ratio kitna ho sakta hai please reply
100%
Participating in this buyback !! Request to other members to provide their views on this buyback !!
My only major concern is small size.
If price fall below 380 then we may end up in loss
But, why do you even think that Buying Stocks for Buyback is for actual Buyback. When a company does buyback –
1. No. of shares in the market reduce which increases EPS and which decrease PE Ratio and it makes the stock at attractive valuation to earn mid-term better profits.
2. Also, with strong financial companies like Chambal Fert. , lesser shares in public/market means higher demand and a upper side rally which will again increase the price.
So, it’s a win-win situation atleast in this stock. whatever accepted, rest get from open market.
Is there any reservation for small Share holders having shares up to Rs. 2 Lacs ??
Yes 15% of size
Profit may be expected as around 10% on this buyabck
Buyback price – Rs. 450
Buyback size – 700 Crores rupees (3.74% of the total paid-up equity share capital of the Company as on
March 31, 2023)
Record date – 18th January, 2024
Not a Bad one. we can risk it out.
And thank you for the quick update here as soon as it was out.
BB @ 450 for 1.5% equity. Jan 18 RD
thank you for the quick update here as soon as it was out.
3.74 % or 1.5%
Today it’s down around 5% before Board Meeting on Monday. What could be reason.. I bought 100 shares yesterday
The name Chambal Board may be the reason.
Yesterday all fertiliser stocks were corrected around 3-5 % !! That may be one of the reason for fall in Chambal !!
This looks the best among the present lot. Hope for a better offer.