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Incorporated in 1922, S H Kelkar and Company is a leading manufacturer of industrial perfumes. The company has a diversified business model. Few of the companies are Keva Fragrances Prv Ltd, Keva Flavors Prv Ltd, Keva Chemicals Prv Ltd, Keva UK limited and many more. The company has tied up with Tanishka Fragrance Encapsulation Technologies LLP and Creative Flavors and Fragrances S.p.A. ("CFF").
June 10th, 2019:S H Kelkar and Company (BSE:539450 | NSE:SHK) board has approved a proposal for purchase of up to 33 lakh (Thirty three lakhs) shares at Rs 180 (One Hundred and Eighty Only) per share, aggregating Rs 59.40 Cr (Fifty Nine Crore and Forty Lakhs) (Buyback Offer Size) that is 9.96% of total paid equity share capital.
Below is the complete details about S H Kelkar and Company Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 59.40 Cr |
| Buyback Number of Shares: | 33 Lakhs |
| Buyback Price: | Rs 180 |
| Buyback Offer Size (In %): | 9.96% |
| Total Share Capital: | 2111.46 |
| Face Value: | 10 Per Equity Share |
Can I Invest today to participate in S H Kelkar and Company buyback offer? No
In this section we have covered all important dates related to S H Kelkar and Company Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.
| Buyback Activity | Date |
|---|---|
| Board Meeting for Buyback proposal | 10th Jun 2019 |
| Buyback Approval date | 10th Jun 2019 |
| Public Announcement of Buyback | 10th Jun 2019 |
| Record Date | 20th Jun 2019 |
| Buyback opens on/Buyback Opening Date | 15th Jul 2019 |
| Buyback closes on/Buyback Closing Date | 26th Jul 2019 |
| Cut-off date to receive completed tender forms by Registrar | 30th Jul 2019 |
| Cut-off date for verification by the Registrar | 1st Aug 2019 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
5th Aug 2019 |
| Last date of settlement of bids on the stock exchange | 6th Aug 2019 |
| Last date to return unaccepted shares by Registrar | 6th Aug 2019 |
| Last date of extinguishment of Equity Shares | 13th Aug 2019 |
Stock Holding table gives a clear picture on retail investor holdings of S H Kelkar and Company shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.
| Holding Type | In % |
|---|---|
| Promoter-Foreign | 10.60% |
| Promoter-Indian | 46.31% |
| Non-Promoter-Institutions | 25.33% |
| Non-Promoter-Non-Institutions | 16.40% |
S H Kelkar and Company Letter of Offer >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 11 Equity Share out of every 86 fully paid-up Equity Share held on the Record Date. | 12.78 |
| General Category | 1 Equity Share out of every 50 fully paid-up Equity Share held on the Record Date. | 2% |
For S H Kelkar and Company Buyback Offer, Report updated by the manager of buyback -
In general category - response received 1173.53%, No. of Equity Shares reserved in Buyback was 2789720 where valid bid received for retail category was 32738336 which is 1173.53% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 286.99%, No. of Equity Shares reserved in Buyback was 510280 where valid bid received for retail category was 1464461 which is 286.99%. Final Acceptance Ratio for Retail Investors was 13%.
The table below will give you a complete dashboard view for all open buyback offer in current market.
| Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
|---|---|---|---|---|---|---|---|
| Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 966.40 (-1.91%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 180.00 (6.48%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 299.20 (1.00%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 460.95 (-0.25%) | 22-04-2024 | 26-04-2024 | 03-05-2024 |
Detail Article on Benefit from buyback offer >> Read
S H Kelkar and Company Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for S H Kelkar and Company? How can I apply in S H Kelkar and Company Buyback offer?Last Updated on 2019-08-08T22:27:03+00:00
