Dhampur Sugar Buyback 2024 Description – Founded in 1933, Dhampur Sugar Mills stands as one of India’s foremost integrated sugarcane processing companies. Through consistent and frequently pioneering initiatives aimed at unlocking the complete potential of sugarcane, the company has successfully diversified its portfolio. Beyond sugar production, it now encompasses renewable power, fuel ethanol, alcohol, extra-neutral alcohol, alcohol-based chemicals, and bio-fertilizers.
Dhampur Sugar Mills possessed a daily cane processing capacity of 23,500 Tonnes as of 31 March 2023. Its distillery possessed a capacity of 350 Kilo liters per day (KLPD), including a 130 KLPD expansion in the last quarter of FY 23. The power generation capacity was 121 MW by the close of the year under review.
The company is organized into six main business segments, namely
- Sugar which consists of the manufacture and sale of Sugar and its byproducts
- Chemicals which consist of the manufacture and sale of Ethyl Acetate
- Ethanol which consists of the manufacture and sale of RS, Ethanol, ENA, Industrial Alcohol
- Potable Spirits which consist of the manufacture and sale of Country liquor
- Power which consists of the co-generation and sale of power
- Others consist of the sale of petrol and agricultural products
Dhampur Sugar Buyback 2024 Details
| Dhampur Sugar Buyback Dates | 23 – 30 January 2024 |
| Dhampur Sugar Buyback Price | INR 300 per share |
| Market Price on Buyback Approval | INR 269.20 per share |
| Buyback Premium on Market Price | 11.44% |
| Buyback Offer Size (Shares) | 10,00,000 shares |
| Buyback Offer Size (Amount) | INR 30 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE, NSE |
Dhampur Sugar Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 31 December 2023 |
| Buyback Approval Date | 3 January 2024 |
| Public Announcement of Buyback | 5 January 2024 |
| Dhampur Sugar Buyback Record Date | 17 January 2024 |
| Buyback Opening Date | 23 January 2024 |
| Buyback Closing Date | 30 January 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 30 January 2024 |
| Verification Date by the Registrar | 2 February 2024 |
| Return of unaccepted shares by Registrar | 6 February 2024 |
| Extinguishment of accepted shares | 15 February 2024 |
Dhampur Sugar Mills Buyback 2024 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Dhampur Sugar Mills Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 31/1,489 | 2.08 |
| General category (for all other Eligible Shareholders) | 19/1,323 | 1.44 |
A small Shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.
Dhampur Sugar Mills Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 2,232.97 | 2,198.16 | 2,825.95 |
| Total Expenses | 2,045.82 | 2,004.21 | 2,625.65 |
| Net income | 143.45 | 146.95 | 150.30 |
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 300 |
| Maximum shares for small shareholders (2,00,000/300) | 667 shares * |
| The closing price of the stock as of 3 January 2024 | INR 269.20** |
| Maximum amount invested in buyback (INR 269.20 x 667 shares) | INR 1,79,556.4 |
** For simplicity, we have considered the price on the buyback approval date
Dhampur Sugar Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 667 | 14 | 14 (100%) | 431.2 | 0.24 |
| 667 | 14 | 28 (200%) | 862.4 | 0.48 |
| 667 | 14 | 42 (300%) | 1,239.6 | 0.72 |
Registrar of Dhampur Sugar Buyback 2024
ALANKIT ASSIGNMENTS LTD
Alankit House, 2E/21,
Jhandewalan Extension, New Delhi, 110055
Phone:Â 011-42541234, 42542354
Email:Â [email protected]
Website:Â www.alankit.com
Manager of Dhampur Sugar Buyback 2024
CENTRUM CAPITAL LIMITED
Level 9, Centrum House, CST Road, Vidyanagari Marg,
Kalina, Santacruz (E), Mumbai 400098, India
Phone:Â +91 22 4215 9224/9816
Email:Â [email protected]
Website:Â www.centrum.co.in
Process to Participate in Dhampur Sugar Mills 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. 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 complete document verification, 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 Dhampur Sugar buyback dates?
Dhampur Sugar share buyback opens on 23 January 2024 and closes on 30 January 2024.
Which type of buyback does Dhampur Sugar buyback offer?
Dhampur Sugar buyback is a tender offer.
What is Dhampur Sugar buyback price?
Dhampur Sugar buyback price is INR 300 per share.
What is Dhampur Sugar buyback record date?
Dhampur Sugar buyback record date is 17 January 2024.
How to participate in Dhampur Sugar share buyback?
Dhampur Sugar share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
