Cheviot Buyback Record Date 2024, Price, Entitlement Ratio

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Last updated on June 18, 2024

Cheviot Buyback Record Date

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 2024

Cheviot Buyback Record Date, Other Details

Cheviot Buyback Dates20 – 26 June 2024
Cheviot Company Buyback Price INR 1,800 per share
Market Price on Buyback ApprovalINR 1,461.55 per share
Buyback Premium on Market Price23.16%
Buyback Offer Size (Shares)1,75,000 shares
Buyback Offer Size (Amount)INR 31.50 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 10 per share
Listing AtBSE, NSE

Cheviot Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal21 May 2024
Buyback Approval Date24 May 2024
Public Announcement of Buyback28 May 2024
Cheviot Buyback Record Date14 June 2024
Buyback Opening Date20 June 2024
Buyback Closing Date26 June 2024
Cut-off Date to receive completed tender forms by Registrar26 June 2024
Verification Date by the Registrar1 July 2024
Return of unaccepted shares by Registrar3 July 2024
Extinguishment of accepted shares12 July 2024

Cheviot Buyback 2024 Documents

Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback


Cheviot Company Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(less than INR 2 Lakh on record date)
105/1,8385.71
General category
(for all other Eligible Shareholders)
11/4112.68

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 2021FY 2022FY 2023
Revenue395.75571.13563.59
Total Expenses348.28491.83502.85
Net income 75.7279.3554.46
Figures in INR Crores unless specified otherwise

Calculation of Investment in Buyback

Maximum market value of a share holder as on record dateINR 2,00,000
Buyback price per shareINR 1,800
Maximum shares for small shareholders (2,00,000/1,800)112 shares *
Closing price of stock as of 24 May 2024INR 1,461.55**
Maximum amount invested in buyback (INR 1,461.55 x 112 shares)INR 1,63,693.6
* No. of shares stands to change according to the closing price on the record date
** For simplicity, we have considered the price on the buyback approval date

Cheviot Buyback Acceptance Ratio

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %
11277 (100%)2,366.71.45
112714 (200%)4,733.42.89
112721 (300%)7,100.14.34

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[email protected]
Website: 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[email protected]
Website: 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.

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