Last updated on March 22, 2024
Dwarikesh Sugar Buyback Record Date is finalized.
Dwarikesh Sugar Industries is principally involved in the production of sugar and related products. The company has a robust presence in sugar manufacturing, power generation, and ethanol/industrial alcohol production. Additionally, it operates as a bio-energy company, with ancillary operations in sugar manufacturing and power co-generation.
The company operates three manufacturing units in Uttar Pradesh, with two located in Bijnor and one in Bareilly. The first sugar manufacturing unit was commissioned in Bijnor, Uttar Pradesh, in 1995, with a cane crushing capacity of 2,500 tonnes per day.
In fiscal year 2023, the company’s working capital outlay was INR 180 crore, marking a 47% decline from the peak. As of 31 March 2023, the company employed 780 permanent non-seasonal employees across its manufacturing facilities and offices.
Dwarikesh Sugar Buyback Record Date, Other Details
| Dwarikesh Sugar Buyback Dates | 27 Mar – 3 Apr 2024 |
| Dwarikesh Sugar Buyback Price | INR 105 per share |
| Market Price on Buyback Approval | INR 80.85 per share |
| Buyback Premium on Market Price | 29.87% |
| Buyback Offer Size (Shares) | 30,00,000 shares |
| Buyback Offer Size (Amount) | INR 31.50 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 1 per share |
| Listing At | BSE, NSE |
Dwarikesh Sugar Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 1 March 2024 |
| Buyback Approval Date | 8 March 2024 |
| Public Announcement of Buyback | 12 March 2024 |
| Dwarikesh Sugar Buyback Record Date | 20 March 2024 |
| Buyback Opening Date | 27 March 2024 |
| Buyback Closing Date | 3 April 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 3 April 2024 |
| Verification Date by the Registrar | 8 April 2024 |
| Return of unaccepted shares by Registrar | 12 April 2024 |
| Extinguishment of accepted shares | 24 April 2024 |
Dwarikesh Sugar Industries Buyback 2024 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Dwarikesh Sugar Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 13/816 | 1.59 |
| General category (for all other Eligible Shareholders) | 13/816 | 1.59 |
A small Shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.
Dwarikesh Sugar Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 1,838.85 | 1,978.71 | 2,102.96 |
| Total Expenses | 1,726.14 | 1,763.27 | 1,964.50 |
| Net income | 91.54 | 155.22 | 104.81 |
* All Standalone data
Calculation of Investment in Buyback
| Maximum market value of a share holder as on record date | INR 2,00,000 |
| Maximum market value of a shareholder as on record date | INR 105 |
| Maximum shares for small shareholders (2,00,000/105) | 1,905 shares * |
| The closing price of the stock as of 8 March 2024 | INR 80.85** |
| Maximum amount invested in buyback (INR 80.85 x 1,905 shares) | INR 1,54,019 |
** For simplicity, we have considered the price on the buyback approval date
Dwarikesh Sugar Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 1,905 | 31 | 31 (100%) | 748.65 | 0.49 |
| 1,905 | 31 | 62 (200%) | 1,497.3 | 0.97 |
| 1,905 | 31 | 93 (300%) | 2,245.95 | 1.46 |
Registrar of Dwarikesh Sugar Buyback 2024
LINK LNTIME INDIA PVT. LTD.
C-101, 247 Park, LBS Road, Vikhroli West,
Mumbai, Maharashtra,400083
Phone:Â +91 8109114949
Email:Â [email protected]
Website: www.linkintime.co.in
Manager of Dwarikesh Sugar Buyback 2024
CENTRUM BROKING LIMITED
Centrum House, CST Road, Kalina,
Santacruz East, Mumbai, Maharashtra – 400098
Phone:Â +022 42159008 / 92
Email:Â [email protected]
Website: www.centrum.co.in
Process to Participate in Dwarikesh Sugar 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 Dwarikesh Sugar buyback dates?
Dwarikesh Sugar share buyback opens on 27 March 2024 and closes on 3 April 2024.
Which type of buyback is Dwarikesh Sugar buyback offer?
Dwarikesh Sugar buyback is a tender offer.
What is Dwarikesh Sugar buyback price?
Dwarikesh Sugar buyback price is INR 105 per share.
What is Dwarikesh Sugar buyback record date?
Dwarikesh Sugar buyback record date is 20 March 2024.
How to participate in Dwarikesh Sugar share buyback?
Dwarikesh 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.
