Last updated on August 17, 2024
Navneet Education Buyback Record Date is 13 August 2024.Â
Navneet Education is a prominent Indian company in educational publishing and manufacturing stationery. Founded in 1959 in Mumbai, it has become a leading player in the academic sector, offering a wide range of products, including textbooks, children’s books, and various stationery items. Navneet operates primarily in three segments:
- Publishing: The company publishes over 5,000 titles across multiple languages, including English, Hindi, Marathi, and Gujarati. Its product range includes children’s activity books, storybooks, and educational guides tailored to various state and national curricula, particularly for CBSE and ICSE boards.
- Stationery: Navneet is a major manufacturer of both paper-based and non-paper stationery products under brands such as Navneet and YOUVA. The company holds a significant market share in western India, particularly in Maharashtra and Gujarat.
- Others: This segment includes various educational tools and digital solutions aimed at enhancing learning experiences.
Navneet has established a strong presence not only in India but also in international markets, including the Middle East, parts of Africa, and Europe.
Navneet Education Buyback Record Date, Other Details
| Navneet Education Buyback Dates | 20 – 26 August 2024 |
| Navneet Education Buyback Price | INR 200 per share |
| Market Price on Buyback Approval | INR 167.15 per share |
| Buyback Premium on Market Price | 19.65% |
| Buyback Offer Size (Shares) | 50,00,000 shares |
| Buyback Offer Size (Amount) | INR 100 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE, NSE |
Navneet Education Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 29 July 2024 |
| Buyback Approval Date | 1 August 2024 |
| Public Announcement of Buyback | 5 August 2024 |
| Navneet Education Buyback Record Date | 13 August 2024 |
| Buyback Opening Date | 20 August 2024 |
| Buyback Closing Date | 26 August 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 26 August 2024 |
| Verification Date by the Registrar | 27 August 2024 |
| Return of unaccepted shares by Registrar | 2 September 2024 |
| Extinguishment of accepted shares | 11 September 2024 |
Navneet Education Buyback 2024 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Navneet Education Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 46/547 | 8.41 |
| General category (for all other Eligible Shareholders) | 10/509 | 1.96 |
A small shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.
Navneet Education Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Total Income | 1,112 | 1,694 | 1,751 |
| Total Expenses | 1,017 | 1,403 | 1,457 |
| Net Income | 74 | 204 | 252 |
Calculation of Investment in Buyback
| Maximum market value of a shareholder as on record date | INR 2,00,000 |
| Buyback price per share | INR 200 |
| Maximum shares for small shareholders (2,00,000/200) | 1,000 shares * |
| The closing price of the stock as of 1 August 2024 | INR 167.15** |
| Maximum amount invested in buyback (INR 167.15 x 1,000 shares) | INR 1,67,150 |
**Â For simplicity, we have considered the price on the buyback approval date
Navneet Education Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 1,000 | 85 | 85 (100%) | 2,792.25 | 1.67 |
| 1,000 | 85 | 170 (200%) | 5,584.50 | 3.34 |
| 1,000 | 85 | 255 (300%) | 8,376.75 | 5.01 |
Registrar of Navneet Education Buyback 2024
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 911 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Manager of Navneet Education Buyback 2024
INGA VENTURES PRIVATE LIMITED
1229, Hubtown Solaris, N.S. Phadke Marg,
Opp. Telli Galli, Andheri (East), Mumbai 400069
Telephone:Â 022 268540808
Email:Â [email protected]
Website:Â www.ingaventures.com
The Process to Participate in Navneet Education 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 Navneet Education buyback dates?
Navneet Education’s buyback opens on 20 August 2024 and closes on 26 August 2024.
Which type of buyback is Navneet Education‘s buyback offer?
Navneet Education buyback is a tender offer.
What is Navneet Education buyback price?
Navneet Education buyback price is INR 200 per share.
What is the Navneet Education buyback record date?
Navneet Education buyback record date is 13 August 2024.
How to participate in Navneet Education share buyback?
Navneet Education share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
