Last updated on August 21, 2024
Savita Oil Technologies Buyback Record Date is 16 August 2024.Â
Savita Oil Technologies is a leading player in the petroleum specialties industry in India and is recognized as Asia’s first carbon-positive petroleum specialties company. Established in 2007, Savita Oil specializes in a diverse range of products, including transformer oils, white mineral oils, lubricating oils, and specialty polymers such as petroleum jelly and waxes.
Savita Oil Technologies operates four manufacturing facilities located in Turbhe and Mahad in Maharashtra, and Kharadpada and Silli in Silvassa, with a total capacity of 550,000 KL/MT per annum. Additionally, the company generates renewable energy from wind at 18 sites across Maharashtra, Tamil Nadu, and Karnataka, with a power capacity of 53.80 MW. The generated power is sold to State Electricity Boards (SEBs) and other users under long-term agreements.
The company boasts a robust distribution network, including 41 stock points, 20,000 retailers, 1,500 franchisee dealers, and 400 distributors. Savita Oil Technologies has a substantial market presence, with its products distributed in 75 countries. Savita Oil Technologies reported revenue of approximately INR 37.2 billion, demonstrating its strong operational capabilities and extensive market reach.
Savita Oil Technologies Buyback Record Date, Other Details
| Savita Oil Technologies Buyback Dates | 22 – 28 August 2024 |
| Savita Oil Technologies Buyback Price | INR 675 per share |
| Market Price on Buyback Approval | INR 628.75 per share |
| Buyback Premium on Market Price | 7.36% |
| Buyback Offer Size (Shares) | 5,40,000 shares |
| Buyback Offer Size (Amount) | INR 36.45 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 2 per share |
| Listing At | BSE, NSE |
Savita Oil Technologies Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 26 July 2024 |
| Buyback Approval Date | 3 August 2024 |
| Public Announcement of Buyback | 6 August 2024 |
| Savita Oil Technologies Buyback Record Date | 16 August 2024 |
| Buyback Opening Date | 22 August 2024 |
| Buyback Closing Date | 28 August 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 28 August 2024 |
| Verification Date by the Registrar | 30 August 2024 |
| Return of unaccepted shares by Registrar | 4 September 2024 |
| Extinguishment of accepted shares | 12 September 2024 |
Savita Oil Technologies Buyback 2024 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Savita Oil Technologies Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 21/544 | 3.86 |
| General category (for all other Eligible Shareholders) | 7/928 | 0.75 |
A small shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.
Savita Oil Technologies Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Total Income | 2,828.33 | 3,526.95 | 3,740.85 |
| Total Expenses | 2,497.76 | 3,237.00 | 3,525.06 |
| Net Income | 249.99 | 219.96 | 204.29 |
Calculation of Investment in Buyback
| Maximum market value of a shareholder as on record date | INR 2,00,000 |
| Buyback price per share | INR 675 |
| Maximum shares for small shareholders (2,00,000/675) | 297 shares* |
| The closing price of the stock as of 3 August 2024 | INR 628.75** |
| Maximum amount invested in buyback (INR 628.75 x 297 shares) | INR 1,86,739 |
**Â For simplicity, we have considered the price on the buyback approval date
Savita Oil Technologies Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 297 | 12 | 12 (100%) | 555 | 0.30 |
| 297 | 12 | 24 (200%) | 1,110 | 0.59 |
| 297 | 12 | 36 (300%) | 1,665 | 0.89 |
Registrar of Savita Oil Technologies 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 Savita Oil Technologies Buyback 2024
SAFFRON CAPITAL ADVISORS PRIVATE LIMITED
605, SiXlh Floor, Centre Pont, Andheri-Kura Road,
J. B. Nagar, Andheri (East), Mumbai – 4 00 059, Maharashtra
Phone:Â +91 22 49730394
Email:Â [email protected]
Website: www.saffronadvisor.com
The Process to Participate in Savita Oil Technologies 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 Savita Oil Technologies buyback dates?
Savita Oil Technologies share buyback opens on 22 August 2024 and closes on 28 August 2024.
Which type of buyback is Savita Oil Technologies buyback offer?
Savita Oil Technologies buyback is a tender offer.
What is the Savita Oil Technologies buyback price?
Savita Oil Technologies’ buyback price is INR 675 per share.
What is the Savita Oil Technologies buyback record date?
Savita Oil Technologies buyback record date is 16 August 2024.
How to participate in Savita Oil Technologies share buyback?
Savita Oil Technologies share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
