The Dwarikesh Sugar Industries Limited date has been confirmed from March 27, 2024 – April 3, 2024.
The company’s product portfolio includes Downward Extrusion Blown Film Lines, Mono Layer Brown Film Lines, Three Layer Blown Film Lines, Two Extruder 3 Layer ABA Blown Film Lines, Five Layer Blown Film Lines, Seven Layer Blown Film Lines, Physically Foamed Sheet Extrusion Line, Cross Lamination Film Line, Lab Line, Mono & Multilayer sheet extrusion system for PS/PP/EVA, Sheet extrusion technology for solar modules and Single and twin screw extrusion systems.
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Bidding Dates
Mar 27 – Apr 3
Buyback Price
₹105 per share
Face Value
₹1 per share
Offer Closes On
March 20, 2024
Dwarikesh Sugar Industries Limited IPO GMP
The Dwarikesh Sugar Industries Limited Buyback Price is ₹105 per share.
IPO Overview
Dwarikesh Sugar Industries Ltd. is an Indian sugar firm that was founded in November 1993 and is based in Uttar Pradesh. The corporation sells power, ethanol, sugar, and molasses to make money. A crucial component of the company’s operations is ethanol.
Dwarikesh can crush 21,500 TCD of sugarcane a day with his three plants. Additionally, they are capable of producing 96 MW of power, of which 56 MW are fed into the state’s electrical system. Furthermore, the company’s two distilleries have a daily capacity of 337.5 KL of ethanol production.
Dwarikesh Sugar Industries Limited Buyback Detail
| Issue Period | March 27, 2024 – April 3, 2024 |
| Security Name | Dwarikesh Sugar Industries Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 3,000,000 (1.59 % of Total number of equity Shares) |
| Issue Size (Amount) | ₹31.50 Crores |
| Buyback Price | ₹105 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
Dwarikesh Sugar Industries Limited Limited Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,280.01 | 1,419.54 | 1,445.44 | |
| Revenue | 1,339.18 | 2,117.00 | 1,977.23 | 1,845.94 |
| Profit After Tax | 60.69 | 104.81 | 155.22 | 91.54 |
| Reserves and Surplus | 722.59 | 655.44 | 561.42 | |
| Total Borrowing | 371.89 | 523.31 | 608.47 | |
| Amount in ₹ Crore | ||||
Dwarikesh Sugar Industries Limited Buyback Issue Timetable
| Last Date to buy shares | March 19, 2024 |
| Record Date | March 20, 2024 |
| Offer Opens On | March 27, 2024 |
| Last Date for receipt of Tender Forms | April 3, 2024 |
| Offer Closes On * | April 3, 2024 |
| Finalisation of Buyback Acceptance | April 10, 2024 |
| Last Date for settlment of bids | April 12, 2024 |
| Last Date for Extinguishment of Shares | April 24, 2024 |
Company Profile
Necessity of the Issue
The Buyback is being undertaken for the following objectives:
- The Buyback will help the Company to distribute surplus funds to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to the shareholders and it will also help in improving return on equity, by reducing the equity base, thereby leading to long term increase in shareholders’ value;
- The Buyback, which is being implemented through the tender offer route as prescribed under the Buyback Regulations, would involve the allocation of a number of equity shares as per the entitlement to the shareholders or 15% of the number of Equity Shares to be bought back 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 Buyback Regulations; and
- The Buyback gives an option to the Eligible Shareholders to either (a) choose to participate and get cash in lieu of Equity Shares to be accepted under the Buyback or (b) choose to not participate and enjoy a resultant increase in their percentage shareholding, post-Buyback, without additional investment.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | dwarikesh.buyback2024@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | Dwarikesh Sugar Industries Limited |
| Phone number | 01343-267061 |
| Email ID | dsilbom@dwarikesh.com |
| Website | dwarikesh.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.
