Cheviot Buyback 2022 description – The company manufactures jute products and jute fabrics with flexibility to cater to both domestic and international market. The Company is renowned for manufacturing superior quality technical jute fabrics for export market. The manufacturing facilities of the Company are located at 19, Mehta Road, Bade Kalinagar, Budge Budge – 700137 and Sector II, Falta Special Economic Zone, Falta 24-Parganas (South), PIN 743504, both in the State of West Bengal, India. The Company’s Export Oriented Unit is situated at Falta Special Economic Zone in the State of West Bengal, India. Cheviot Company Limited is recognized as a THREE STAR EXPORT HOUSE by the Government of India.
Cheviot Buyback 2022 Details
|Buyback Dates||10 – 21 January 2022|
|Cheviot Buyback Price||INR1,725 per share|
|Buyback Offer Size||2,50,000 shares|
|Buyback offer as % of total shares||3.99%|
|Offer Amount||INR43.13 crore|
|Small shareholder reservation||15%|
|Face Value||INR10 per share|
Cheviot Buyback Dates (Timeline)
|Board Meeting for Buyback Proposal||04 December 2021|
|Buyback Approval Date||04 December 2021|
|Public Announcement of Buyback||06 December 2021|
|Cheviot Buyback Record Date||17 December 2021|
|Buyback Opening Date||10 January 2022|
|Buyback Closing Date||21 January 2022|
|Cut-off Date to receive completed tender forms by Registrar||25 January 2022|
|Verification Date by the Registrar||27 January 2022|
|Return of unaccepted shares by Registrar||02 February 2022|
|Extinguishment of accepted shares||09 February 2022|
Registrar of Cheviot Buyback 2022
Maheshwari Datamatics Private Limited
23, R. N. Mukherjee Road, 5th Floor
Kolkata – 700 001
Phone: +91 33 2248 2248
Fax: +91 33 2248 4787
Email: [email protected]
Manager of Cheviot Buyback 2022
VC Corporate Advisors Private Limited
31, Ganesh Chandra Avenue, 2nd Floor, Suite No. 2C
Kolkata – 700 013
Phone: +91 33 2225 3940
Email: [email protected]
Cheviot Buyback 2022 Documents
Pre-Buyback Shareholding Pattern of Cheviot
|Shareholder Category||No. of shares||% of shares|
Cheviot Buyback Entitlement Ratio
|Shareholder Category||Entitlement Ratio||Entitlement Ratio (in %)|
|General category for all other shareholders||31/854||3.63|
Small Shareholder is defined as shareholder who holds shares worth less than INR2,00,000 as on record date.
Cheviot Company’s Financial Performance
|Reserves and Surplus||438.7||459.5||495.2|
Necessity of the Buyback
- The buy-back gives an option to the equity shareholders to participate in the buy-back and receive cash in lieu of Equity Shares accepted under the buy-back.
- The buy-back helps to return surplus cash to its shareholders, in proportion to their shareholding, thereby, enhancing the overall returns to shareholders.
- The buy-back would help in improving Earning per share (EPS), Return on asset (ROA) and Return on equity (ROE) ratios of the Company.
- The buy-back, which is being implemented through the Tender Offer route as prescribed under the Buyback Regulations, would involve a reservation for small shareholders as defined in the Buy-back Regulations.
Process to Participate in Cheviot buyback
All eligible Shareholders of the Company who own Physical Shares or Demat Shares on the Record Date may participate in the buyback offer through their Stock Broker. The eligible shareholder who holds the shares in Demat form must notify their broker of the details of the Equity shares that they wish to tender in the Buyback Offer.
The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.
The eligible shareholder who owns the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.
Working Calculation of Amount Invested in Cheviot Buyback
|Maximum market value of a share holder as on record date||INR2,00,000|
|Maximum shares of a share holder as on record date (2,00,000/1,725)||115 shares|
|Closing price of share as on record date (17 December 2021)||INR 1,372.15|
|Amount Invested in buyback (1,372.15 x 115 shares)||INR1,57,797|
Profit from Cheviot Buyback by Acceptance Ratio
|Acceptance ratio||Amount invested in buyback||No. of shares buyback||Buyback Profit||Profit in %|
Frequently Asked Questions
When does Cheviot buyback offer open?
Weizmann buyback opens on 10 January 2022 and closes on 21 January 2022.
What is the timeline of Cheviot buyback?
Buyback Opening Date
10 January 2022
Buyback Closing Date
21 January 2022
Cut-off Date to receive completed tender forms by Registrar
25 January 2022
Verification Date by the Registrar
27 January 2022
Return of unaccepted shares by Registrar
02 February 2022
Extinguishment of accepted shares
09 February 2022
Which type of buyback is Cheviot buyback offer?
Cheviot Buyback is a Tender offer.
What is Cheviot buyback price?
Cheviot Buyback price is INR1,725 per share.
What is Cheviot buyback record date?
The record date is 17 December 2021.