The Dhampur Sugar Mills date has been confirmed from January 23, 2024 – January 30, 2024.
Dhampur Sugar Mills is issuing size of ₹30.00 Crores. Bagasse and molasses are byproducts used by the corporation in its distillery and co-generation activities while making sugar. The Dhampur Group owns and operates two sugarcane-crushing complexes that are completely integrated and have varied capacities.
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Bidding Dates
January 23-30
Buyback Price
₹300 per share
Face Value
₹10 per share
Offer Closes On
January 30
Dhampur Sugar Mills IPO GMP
The Dhampur Sugar Mills Buyback Price is ₹300 per share.
IPO Overview
Dhampur Sugar Mills Limited was founded in 1933 and specialises in comprehensive sugarcane processing. The corporation produces and sells sugar, chemicals, ethanol, and electricity cogeneration. Bagasse and molasses are byproducts used by the corporation in its distillery and co-generation activities while making sugar. The Dhampur Group owns and operates two sugarcane crushing complexes that are completely integrated and have varied capacities.
Dhampur Sugar Mills Buyback Detail
| Issue Period | January 23, 2024 – January 30, 2024 |
| Security Name | Dhampur Sugar Mills Ltd |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 1,000,000 (1.5 % of Total number of equity Shares) |
| Issue Size (Amount) | ₹30.00 Crores |
| Buyback Price | ₹300 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
Dhampur Sugar Mills Limited Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,121.65 | 2,164.82 | 3,470.80 |
| Revenue | 2,889.50 | 2,173.62 | 2,245.03 |
| Profit After Tax | 157.99 | 144.03 | 198.62 |
| Net Worth | |||
| Reserves and Surplus | |||
| Total Borrowing | |||
| Amount in ₹ Crore | |||
Dhampur Sugar Mills Buyback Issue Timetable
| Last Date to buy shares | January 16, 2024 |
| Record Date | January 17, 2024 |
| Offer Opens On | January 23, 2024 |
| Last Date for receipt of Tender Forms | January 30, 2024 |
| Offer Closes On * | January 30, 2024 |
| Finalisation of Buyback Acceptance | February 5, 2024 |
| Last Date for settlment of bids | February 6, 2024 |
| Last Date for Extinguishment of Shares | February 15, 2024 |
Company Profile
Necessity of the Issue
The buyback is 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, which is being implemented through the tender offer route as prescribed under the SEBI Buyback Regulations, would involve the allocation of several Equity Shares as per their entitlement or 15% of the number of
Equity Shares to be repurchased whichever is higher, reserved for the small shareholders. The Company believes that this reservation for small shareholders would benefit a large number of public shareholders, who would get classified as “small shareholders” as per Regulation 2(i)(n) of the SEBI Buyback Regulations;
- The Buyback may help in improving return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders’ value; and
- The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash instead of Equity Shares to be accepted under the Buyback offer or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer, without additional investment.
Registrar Info
| Name | Alankit Assignments Ltd |
| Phone number | (011) 4254 1234 |
| Email ID | rta@alankit.com |
| Website | ipo.alankit.com |
Contact Details
| Name | Dhampur Sugar Mills Ltd |
| Phone number | +91 011-41259400 |
| Email ID | investordesk@dhampursugar.com |
| Website | dhampursugar.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.
