The Chambal Fertilisers and Chemicals date has been confirmed from January 24, 2024 – January 31, 2024.
Chambal Fertilisers and Chemicals is issuing size of ₹700.00 Crores. Chambal Fertilisers and Chemicals Ltd produces urea in three units in Kota’s Gadepan region. Other fertilizers and agricultural inputs marketed by the company include diammonium phosphate (DAP) and muriate of potash. Chambal Fertilisers and Chemicals Ltd produces more than 3.4 million metric tonnes of urea annually, accounting for roughly 15% of total urea output in India.
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Bidding Dates
January 24-31
Buyback Price
₹450 per share
Face Value
₹10 per share
Offer Closes On
January 31
Chambal Fertilisers and Chemicals IPO GMP
The Chambal Fertilisers and Chemicals Buyback Price is ₹450 per share.
IPO Overview
Chambal Fertilisers and Chemicals Ltd is an Indian agrochemicals manufacturing firm founded in 1985 by the KK Birla Group. The company is headquartered in Kota, Rajasthan, and is one of the largest private sector fertiliser producers in India. Chambal Fertilisers and Chemicals Ltd produces urea in three units in Kota’s Gadepan region. Other fertilisers and agricultural inputs marketed by the company include di-ammonium phosphate (DAP) and muriate of potash. Chambal Fertilisers and Chemicals Ltd produces more than 3.4 million metric tonnes of urea annually, accounting for roughly 15% of total urea output in India.
The company serves farmers in eleven states spanning northern, eastern, central, and western India. It is the principal fertilizer provider for Rajasthan, Madhya Pradesh, Punjab, and Haryana. The corporation has a large marketing network consisting of 15 regional offices, 2,200 dealers, and 22,000 village-level retailers.
Chambal Fertilisers and Chemicals Buyback Detail
| Issue Period | January 24, 2024 – January 31, 2024 |
| Security Name | Chambal Fertilisers and Chemicals Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 15,555,555 (3.74 % of Total number of equity Shares) |
| Issue Size (Amount) | ₹700.00 Crores |
| Buyback Price | ₹450 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
Chambal Fertilisers and Chemicals Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | ||||
| Revenue | 11,065.50 | 27,940.57 | 16,136.83 | 12,756.36 |
| Profit After Tax | 719.56 | 1,033.79 | 1,566.06 | 1,747.59 |
| Net Worth | 7,690.18 | 7,052.92 | 6,386.09 | 5,235.75 |
| Total Borrowing | 2,281.11 | 3,335.27 | 4,323.09 | 3,918.41 |
| Amount in ₹ Crore | ||||
Chambal Fertilisers and Chemicals Buyback Issue Timetable
| Last Date to buy shares | January 17, 2024 |
| Record Date | January 18, 2024 |
| Offer Opens On | January 24, 2024 |
| Last Date for receipt of Tender Forms | January 31, 2024 |
| Offer Closes On * | January 31, 2024 |
| Finalisation of Buyback Acceptance | February 6, 2024 |
| Last Date for settlment of bids | February 7, 2024 |
| Last Date for Extinguishment of Shares | February 16, 2024 |
Company Profile
The British Safety Council has recognized the company with the Sword of Honour award for the second year in a row. It has also received ISO 14001 accreditation for the Environmental Management System Standard, ISO 9001 certification for the Quality Management System Standard, and OHSAS 18001 certification for the Occupational Health and Safety Management System Standard.
Necessity of the Issue
The Buyback is being undertaken for the following reasons:
- The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares thereby, enhancing the overall return to shareholders;
- The buyback will help the company to improve its capital structure by optimizing debt to equity ratio. It would also help in improving financial ratios such as earnings per share and return on equity.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | chambal.buyback2024@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | Chambal Fertilisers and Chemicals Limited |
| Phone number | 91-744-2782915 |
| Email ID | corporate@chambal.in |
| Website | chambalfertilisers.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
