Dwarikesh Sugar Buyback Record Date 2024, Price, Entitlement Ratio

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Dwarikesh Sugar Buyback Record Date

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 Industries

Dwarikesh Sugar Buyback Record Date, Other Details

Dwarikesh Sugar Buyback Dates27 Mar – 3 Apr 2024
Dwarikesh Sugar Buyback Price INR 105 per share
Market Price on Buyback ApprovalINR 80.85 per share
Buyback Premium on Market Price29.87%
Buyback Offer Size (Shares)30,00,000 shares
Buyback Offer Size (Amount)INR 31.50 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 1 per share
Listing AtBSE, NSE

Dwarikesh Sugar Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal1 March 2024
Buyback Approval Date8 March 2024
Public Announcement of Buyback12 March 2024
Dwarikesh Sugar Buyback Record Date20 March 2024
Buyback Opening Date27 March 2024
Buyback Closing Date3 April 2024
Cut-off Date to receive completed tender forms by Registrar3 April 2024
Verification Date by the Registrar8 April 2024
Return of unaccepted shares by Registrar12 April 2024
Extinguishment of accepted shares24 April 2024

Dwarikesh Sugar Industries Buyback 2024 Documents

Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback


Dwarikesh Sugar Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(less than INR 2 Lakh on record date)
13/8161.59
General category
(for all other Eligible Shareholders)
13/8161.59

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 2021FY 2022FY 2023
Revenue1,838.851,978.712,102.96
Total Expenses1,726.141,763.271,964.50
Net income 91.54155.22104.81
Figures in INR Crores unless specified otherwise
* All Standalone data

Calculation of Investment in Buyback

Maximum market value of a share holder as on record dateINR 2,00,000
Maximum market value of a shareholder as on record dateINR 105
Maximum shares for small shareholders (2,00,000/105)1,905 shares *
The closing price of the stock as of 8 March 2024INR 80.85**
Maximum amount invested in buyback (INR 80.85 x 1,905 shares)INR 1,54,019
* 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

Dwarikesh Sugar Buyback Acceptance Ratio

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %
1,9053131 (100%)748.650.49
1,9053162 (200%)1,497.30.97
1,9053193 (300%)2,245.951.46

Registrar of Dwarikesh Sugar Buyback 2024

LINK LNTIME INDIA PVT. LTD.
C-101, 247 Park, LBS Road, Vikhroli West,
Mumbai, Maharashtra,400083
Phone: +91 8109114949
Email[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: +022 42159008 / 92
Email[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.

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