Cosmo First Buyback 2022 Record Date, Buyback Price, Entitlement Ratio

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Last updated on January 20, 2023

Cosmo First Buyback 2022 description – Cosmo First (formerly Cosmo Films) is engaged in the production of specialty films for packaging, lamination and labeling applications. Its films offerings include biaxially oriented polypropylene (BOPP) films, cast polypropylene (CPP) films and biaxially oriented polyethylene terephthalate (BOPET) films.

During FY 2022, domestic sales accounted for 52% of the company’s revenues while the remaining 48% was contributed by exports.

The company has 4 state of the art manufacturing facilities, including 3 in India and 1 in South Korea. The total installed capacity is as follows:

  • BOPP Films – 196,000 MTPA
  • Thermal Lamination Films – 40,000 MTPA
  • Metalized Films – 22,000 MTPA
  • Coated Films – 20,000 MTPA
  • CPP Films – 10,000 MTPA
  • Master batches – 10,000 MT
cosmo frist buyback 2022

Cosmo First Share Buyback 2022 Details

Cosmo First Buyback Dates27 Jan – 9 Feb 2023
Cosmo First Buyback Price INR 1,070 per share
Market Price on Buyback ApprovalINR 828.30 per share
Buyback Premium on Market Price29.18%
Buyback Offer Size (Shares)10,09,345 shares
Buyback offer as % of total shares3.7%
Buyback Offer Size (Amount)INR 108 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 10 per share
Listing AtBSE, NSE

Cosmo First Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal28 November 2022
Buyback Approval Date1 December 2022
Public Announcement of Buyback5 December 2022
Cosmo First Buyback Record Date14 December 2022
Buyback Opening Date27 January 2023
Buyback Closing Date9 February 2023
Cut-off Date to receive completed tender forms by Registrar9 February 2023
Verification Date by the Registrar9 February 2023
Return of unaccepted shares by Registrar20 February 2023
Extinguishment of accepted shares27 February 2023

Cosmo First Buyback 2022 Documents

Letter of Offer
Draft Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback


Cosmo First Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(less than INR 2 Lakh on record date)
8/1216.61
General category
(for all other Eligible Shareholders)
29/8443.44

Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.


Cosmo First’s Financial Performance

FY 2020FY 2021FY 2022
Total Income203.21208.29282.41
Total Expenses183.90176.05238.12
Net income 11.4021.5631.29
Figures in INR crore 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 1,070
Maximum shares for small shareholder (2,00,000/1,070)187 shares *
Closing price of stock as on 1 Dec 2022INR 828.30**
Maximum amount invested in buyback (INR 828.30 x 187 shares)INR 1,54,892
* No. of shares stands to change according to the closing price on record date
** For simplicity, we have considered price on buyback approval date

Cosmo First Buyback Profit Guidance

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %
18777 (100%)1,691.91.09
187714 (200%)3,383.82.18
187721 (300%)5,075.73.28

Registrar of Cosmo First Buyback 2022

LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083,
Maharashtra, India
Phone: +91 22 4918 6200 
Email: [email protected]
Website: www.linkintime.co.in


Manager of Cosmo First Buyback 2022

ANAND RATHI ADVISORS LIMITED
10th Floor, Trade D Tower, Kamla City,
Senapati Bapat Marg, Lower Parel (West),
Mumbai – 400 013
Tel: +91-22-6626 6745
Email: [email protected]
Website: www.rathi.com


Process to Participate in Cosmo First 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 stock broker. 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 Cosmo First buyback dates?

Cosmo First share buyback opens on 27 January 2023 and closes on 9 February 2023.

Which type of buyback is Cosmo First buyback offer?

Cosmo First buyback is a tender offer.

What is Cosmo First buyback price?

Cosmo First buyback price is INR 1,070 per share.

What is Cosmo First buyback record date?

Cosmo First buyback record date is 14 December 2022.

How to participate in Cosmo First share buyback?

Cosmo First share buyback will be conducted through tender process and investors who hold the shares on record date can place orders through their broker.

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