30% AR as 229 shares are accepted out of the 769 shares held on the Record Date n tendered for the buyback. I am quite happy for that. My assessment of around 13% AR in this buyback has also proved that I know nothing about the assessment of the AR. Now, I understand that I am not having any knowledge to share my views on the Buybacks. Thank you.
S H Kelkar & Company Limited Buyback 2021
In 1922, Keva began as S.H. Kelkar and Co. and Saraswati Chemicals – a manufacturer of industrial perfumes in British India. Today, its fragrances and flavours are found in a number of bestselling brands in their respective product categories all over the world. Some of the fragrances developed by the company decades ago are still market leaders, reinforcing our belief that a commitment to quality and imaginative solutions can bring enduring success.
The company is now the leading fragrance manufacturer in India. Over the years, they’ve perfected the art of delivering the ideal sensorial solution for every market. Their knowledge and rich heritage earned it a number of distinguished awards and milestones, motivating and inspiring them to create more sensorial breakthroughs.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Nov 12 2021|
|Buyback Opening Date:||Dec 15 2021|
|Buyback Closing Date:||Dec 28 2021|
|Buyback Offer Amount:||₹ 2.05%|
|Date of Board Meeting approving the proposal:||Oct 29 2021|
|Date of Public Announcement:||Oct 29 2021|
|Buyback Offer Size:||61%|
|Buyback Number of Shares:||29,00,000|
|Price Type:||Tender Offer|
|Buyback Price:||₹ 210 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Particulars (in Crores)||Mar 18||Mar 19||Mar 20||Mar 21|
|Profit before tax||143||115||54||194|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|Amount Invested in Buyback||1,50,416||1,50,416||1,50,416||1,50,416|
|No. of Shares buyback||314||476||714||952|
How it is I dont know but in my case only 30 shares are buyback out of 200 means 15% AR
Please refer to the mail received regarding intimation of the Number of shares held on the Record Date and the Number of shares entitled for the buyback. Have you found the same number of 200 in that mail against the Number of shares held on the Record Date? I doubt whether you are holding 200 shares on the Record Date.
Rechecked and found that there was only 100 shares on record date. 100 shares purchased latter onsorry for creating doubt.thanks for reply.
Sometimes it happens. No need to feel bad n sorry. Thank you.
Buyback process is started and ends on 28th dec 21.please update
Please add MOIL.
Sir, 12th November is the record date as per the company’s filing
One can purchase shares at the CMP for tendering for buyback. Size of the buyback is not a negligible one. You will definitely get a reasonably minimum profit. I hope that the ER will be around 6% and AR around 13 to 17%. Chances of much downfall in the price of unaccepted shares after the buyback are very less. Thank you.
ER 6% as estimated.
Record Date buy back Share
Not announced as yet.
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