Last updated on October 4, 2023
Sinclairs Hotels Buyback 2023 description – Sinclairs Hotels and Resorts owns and operates nine properties in India at Burdwan, Siliguri, Darjeeling, Kalimpong, and Dooars in West Bengal, Gangtok and Yangang in Sikkim, Ooty in South India and Port Blair in Andamans.
Darjeeling is famous for its tea gardens and the Himalayan range of mountains, Kalimpong is a quaint hill town famous for its orchids and flowers, and Dooars is known for its rich wildlife, forests, and also teas. Ooty’s claim to fame is its blue mountain range while Port Blair in the Andamans is a perennially attractive destination for its beaches, unarguably among the best in Asia.
Gangtok is the capital of Sikkim famous for its monasteries and beautiful views of Mount Kanchenjunga. Yangang is a quaint hill town in southern Sikkim with wonderful views of the Bhaley Dunga range. Siliguri is the main commercial city of North Bengal and is an important transportation and trading hub. Burdwan is an important district town and is known as ‘the rice bowl of India’.
The company’s Blue Chip Corporate Customer Base includes ITC, Nestle, Sun Pharma, Axis Bank, LIC, etc. It also has excellent business relations with various travel Aggregators/ agents such as MakeMyTrip, Goibibo, Thomas Cook, Sita, etc.
Sinclairs Hotels Share Buyback 2023 Details
| Sinclairs Hotels Buyback Dates | 6 – 12 October 2023 |
| Sinclairs Hotels Buyback Price | INR 200 per share |
| Market Price on Buyback Approval | INR 160.25 per share |
| Buyback Premium on Market Price | 24.81% |
| Buyback Offer Size (Shares) | 15,20,000 shares |
| Buyback Offer Size (Amount) | INR 30.40 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 2 per share |
| Listing At | BSE |
Sinclairs Hotels Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 7 August 2023 |
| Buyback Approval Date | 10 August 2023 |
| Public Announcement of Buyback | 12 September 2023 |
| Sinclairs Hotels Buyback Record Date | 29 September 2023 |
| Buyback Opening Date | 6 October 2023 |
| Buyback Closing Date | 12 October 2023 |
| Cut-off Date to receive completed tender forms by Registrar | 12 October 2023 |
| Verification Date by the Registrar | 16 October 2023 |
| Return of unaccepted shares by Registrar | 19 October 2023 |
| Extinguishment of accepted shares | 31 October 2023 |
Sinclairs Hotels Buyback 2023 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Sinclairs Hotels Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 1/10 | 10.0 |
| General category (for all other Eligible Shareholders) | 1/20 | 5.0 |
A small Shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.
Sinclairs Hotels Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 1,727.20 | 3,032.37 | 5,377.96 |
| Total Expenses | 1,292.78 | 1,939.10 | 3,195.97 |
| Net income | 351.12 | 712.72 | 3,123.20 |
Calculation of Investment in Buyback
| The 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 on 10 August 2023 | INR 160.25** |
| Maximum amount invested in buyback (INR 160.25 x 1,000 shares) | INR 160,250 |
** For simplicity, we have considered the price on the buyback approval date
Sinclairs Hotels Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 1000 | 100 | 100 (100%) | 3,975 | 2.48 |
| 1000 | 100 | 200 (200%) | 7,950 | 4.96 |
| 1000 | 100 | 300 (300%) | 11,925 | 7.44 |
Registrar of Sinclairs Hotels Buyback 2023
NICHE TECHNOLOGIES PVT. LTD.
3A, Auckland Place, 7th Floor,
Room No 7A & 7B, Kolkata 700 017
Phone:Â +91 33 2280 6616 / 6617 / 6618
Email:Â [email protected]
Website:Â www.nichetechpl.com
Manager of Sinclairs Hotels Buyback 2023
SKP SECURITIES LIMITED
1702-03, BioWonder, 789 Anandapur,
E M Bypass, Kolkata – 700107
Phone:Â +91 33 6677 7000
Email:Â [email protected]
Website:Â www.skpsecurities.com
The process to Participate in 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 Sinclairs Hotels buyback dates?
Sinclairs Hotels share buyback opens on 6 October 2023 and closes on 12 October 2023.
Which type of is Sinclairs Hotels buyback offer?
Sinclairs Hotels buyback is a tender offer.
What is the Sinclairs Hotels buyback price?
Sinclairs Hotels buyback price is INR 200 per share.
What is the Sinclairs Hotels buyback record date?
Sinclairs Hotels buyback record date is 29 September 2023.
How to participate in Sinclairs Hotels share buyback?
Sinclairs Hotels share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
