Cheviot Buyback Record Date is finalized.
Established in 1897, Cheviot Company serves as the flagship entity of Group Cheviot. The company caters to domestic and international markets, specializing in manufacturing high-quality precision jute yarn, fabrics, sacks, and customized products such as geotextiles, food-grade bags, and technical textiles. Annually, Cheviot produces over 50 million jute bags, exclusively used for food grain packaging by the Government of India.
Cheviot Company operates two state-of-the-art manufacturing units near Kolkata, West Bengal, India. The composite jute mill of Cheviot Company employs over 4,000 individuals and has a daily manufacturing capacity of 160 metric tons. With a robust export presence, Cheviot Company reaches several countries including Belgium, the Netherlands, Germany, Italy, the USA, Saudi Arabia, Turkey, Japan, and Indonesia.
Cheviot Buyback Record Date, Other Details
| Cheviot Buyback Dates | 20 – 26 June 2024 |
| Cheviot Company Buyback Price | INR 1,800 per share |
| Market Price on Buyback Approval | INR 1,461.55 per share |
| Buyback Premium on Market Price | 23.16% |
| Buyback Offer Size (Shares) | 1,75,000 shares |
| Buyback Offer Size (Amount) | INR 31.50 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE, NSE |
Cheviot Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 21 May 2024 |
| Buyback Approval Date | 24 May 2024 |
| Public Announcement of Buyback | 28 May 2024 |
| Cheviot Buyback Record Date | 14 June 2024 |
| Buyback Opening Date | 20 June 2024 |
| Buyback Closing Date | 26 June 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 26 June 2024 |
| Verification Date by the Registrar | 1 July 2024 |
| Return of unaccepted shares by Registrar | 3 July 2024 |
| Extinguishment of accepted shares | 12 July 2024 |
Cheviot Buyback 2024 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Cheviot Company Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 105/1,838 | 5.71 |
| General category (for all other Eligible Shareholders) | 11/411 | 2.68 |
A small Shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.
Cheviot Company Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 395.75 | 571.13 | 563.59 |
| Total Expenses | 348.28 | 491.83 | 502.85 |
| Net income | 75.72 | 79.35 | 54.46 |
Calculation of Investment in Buyback
| Maximum market value of a share holder as on record date | INR 2,00,000 |
| Buyback price per share | INR 1,800 |
| Maximum shares for small shareholders (2,00,000/1,800) | 112 shares * |
| Closing price of stock as of 24 May 2024 | INR 1,461.55** |
| Maximum amount invested in buyback (INR 1,461.55 x 112 shares) | INR 1,63,693.6 |
** For simplicity, we have considered the price on the buyback approval date
Cheviot Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 112 | 7 | 7 (100%) | 2,366.7 | 1.45 |
| 112 | 7 | 14 (200%) | 4,733.4 | 2.89 |
| 112 | 7 | 21 (300%) | 7,100.1 | 4.34 |
Registrar of Cheviot Company Buyback 2024
MAHESHWARI DATAMATICS PRIVATE LIMITED
23, R. N. Mukherjee Road,
5th Floor, Kolkata – 700 001
Phone: 033 2248 2248
Email:Â [email protected]
Website:Â www.mdpl.in
Manager of Cheviot Company Buyback 2024
VC CORPORATE ADVISORS PRIVATE LIMITED
31, Ganesh Chandra Avenue, 2nd Floor,
Suite No. 2C, Kolkata – 700 013
Phone: 033- 2225 3940
Email:Â [email protected]
Website:Â www.vccorporate.com
Process to Participate in Cheviot Company Buyback
All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stockbroker. The eligible shareholders who hold the shares in demat form must notify their brokers 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 shareholders who own 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.
Frequently Asked Questions
What are Cheviot buyback dates?
Cheviot share buyback opens on 20 June 2024 and closes on 26 June 2024.
Which type of buyback is Cheviot Company buyback offer?
Cheviot buyback is a tender offer.
What is Cheviot Company buyback price?
Cheviot Company buyback price is INR 1,800 per share.
What is Cheviot buyback record date?
Cheviot buyback record date is 14 June 2024.
How to participate in Cheviot share buyback?
Cheviot share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
