Shyam Century Ferrous Buyback 2022 description – The company produces ferro-silicon, one of the main raw materials used to make stainless steel, as well as mild steel, or MS steel. It operates a factory at Byrnihat, Meghalaya, near Guwahati, with an annual production capacity of around 21,000 MT of ferro-silicon. A captive power generation unit with an installed capacity of about 14 MwH is also present in the plant.
The company was incorporated on 12 April 2011. The company had entered into a Scheme of Arrangement with Star Ferro and vested in the company with effect from 1 April 2014. This is a small-cap company that operates in the metals and mining sector and has a market capitalization of INR 493.22 crore.
Shyam Century Ferrous Buyback 2022 Details
| Buyback Dates | 25 Oct – 9 Nov 2022 |
| Shyam Century Ferrous Buyback Price | INR 28 per share |
| Buyback Offer Size (Shares) | 1,00,00,000 shares |
| Buyback offer as % of total shares | 4.50% |
| Buyback Offer Size (Amount) | INR 28.00 crore |
| Offer Type | Tender |
| Promoter Participation | NA |
| Face Value | INR 1 per share |
| Listing At | BSE, NSE |
Shyam Century Ferrous Buyback Dates (Timeline)
| Board Meeting for Buyback Proposal | 11 August 2022 |
| Buyback Approval Date | 11 August 2022 |
| Public Announcement of Buyback | 13 August 2022 |
| Shyam Century Ferrous Buyback Record Date | 27 September 2022 |
| Buyback Opening Date | 25 October 2022 |
| Buyback Closing Date | 9 November 2022 |
| Cut-off Date to receive completed tender forms by Registrar | 10 November 2022 |
| Verification Date by the Registrar | 14 November 2022 |
| Return of unaccepted shares by Registrar | 18 November 2022 |
| Extinguishment of accepted shares | 25 November 2022 |
Shyam Century Ferrous Buyback 2022 Documents
Offer Letter
Draft Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Shyam Century Ferrous Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR2 Lakh on record date) | 50/839 | 5.96 |
| General category (for all other Eligible Shareholders) | 104/2413 | 4.31 |
Small Shareholder is defined as shareholder who holds shares worth less than INR2,00,000 as on record date.
Shyam Century Ferrous‘ Financial Performance
| FY2020 | FY2021 | FY2022 | |
| Total Income | 89.14 | 135.68 | 212.51 |
| Total Expenses | 86.97 | 132.45 | 134.03 |
| Net income | -0.03 | 2.80 | 56.86 |
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 28 |
| Maximum shares for small shareholder (2,00,000/28) | 7,143 shares* |
| Closing price of stock as on 11 August 2022 | INR 22.85** |
| Maximum amount invested in buyback (7,143 shares) | INR 1,63,218 |
** For simplicity, we have considered price on buyback approval date
Shyam Century Ferrous Buyback Profit Guidance
| Shares Tendered | Buyback Entitlement | Acceptance | Buyback Profit | Profit in % |
| 7,143 | 426 | 426 (100%) | 2,193.9 | 1.34 |
| 7,143 | 426 | 852 (200%) | 4,387.8 | 2.69 |
| 7,143 | 426 | 1278 (300%) | 6,581.7 | 4.03 |
Registrar of Shyam Century Ferrous Buyback 2022
MAHESHWARI DATAMATICS PRIVATE LIMITED
23 R. N. Mukherjee Road,
5th Floor, Kolkata -700001
Tel No: (033) 22482248, 22435029
Fax: (033) 22484787
Email: [email protected]
Website: http://www.mdpl.in
Manager of Shyam Century Ferrous Buyback 2022
HORIZON MANAGEMENT PRIVATE LIMITED
19 R N Mukherjee Road
Main Building, 2nd Floor
Kolkata- 700 001
Tel No: (033) 46000607
Email: [email protected]
Website: www.horizon.net.co
Process to Participate in Shyam Century Ferrous 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 stock broker. 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
When does Shyam Century Ferrous share buyback offer open?
Shyam Century Ferrous share buyback opens on 25 October 2022 and closes on 9 November 2022.
Which type of buyback is Shyam Century Ferrous buyback offer?
Shyam Century Ferrous buyback is a tender offer.
What is the Shyam Century Ferrous buyback price?
Shyam Century Ferrous buyback price is INR 28 per share.
What is the Shyam Century Ferrous buyback record date?
Shyam Century Ferrous buyback record date is 27 September 2022.
