The Shervani Industrial Syndicate Limited Buyback date has been confirmed from March 14, 2024 – March 20, 2024. Read the post to learn about Shervani Industrial Syndicate Limited Buyback.
Shervani Industrial Syndicate Limited is an Indian firm that works in the infrastructure development and real estate industries. It was founded in 1948. About 50% of the Shervani Legacy site is made up of open space, including a playground, park, rainwater harvesting pond, and pathway-lined road. In addition, the company has finished a number of projects, including Sterling Apartments, Tara Towers, Amber Apartments, and Naman Homes.
Start your investing journey today. Find the latest information on Upcoming Buyback.
Key Details Of Shervani Industrial Syndicate Limited Buyback
Bidding Dates
March 14-20
Buyback Price
₹510 per share
Face Value
₹10 per share
Offer Closes On
March 20
Shervani Industrial Syndicate Limited Buyback GMP
The Shervani Industrial Syndicate Limited Buyback Price is ₹510 per share.
Shervani Industrial Syndicate Limited Buyback Overview
Shervani Industrial Syndicate Limited is an Indian firm that works in the infrastructure development and real estate industries. It was founded in 1948. Based in India, Shervani Industrial Syndicate Limited is a firm that produces biscuits and deals in real estate on a contract basis. The company’s current project of interest is Victory Tower, a group housing building situated within Shervani Legacy at Prayagraj. This group housing project consists of two 13-story towers that house 520 units total, including two- and three-bedroom apartments as well as four-bedroom flats with hall and kitchen.
A park, playground, rainwater collecting pond, and a walking system comprise almost half of the Shervani Legacy campus’s open space. Along with these projects, the company has finished Sterling Apartments, Tara Towers, Amber Apartments, and Naman Homes. In addition, the business operates a subsidiary called Farco Foods Private Limited, which makes biscuits for Surya Foods and Agro Limited under the Priya Gold brand on a contract basis.
Shervani Industrial Syndicate Limited Buyback Detail
| Issue Period | March 14, 2024 – March 20, 2024 |
| Security Name | Shervani Industrial Syndicate Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 134,000 (9.94 % of Total number of equity Shares) |
| Issue Size (Amount) | ₹6.83 Crores |
| Buyback Price | ₹510 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
Shervani Industrial Syndicate Limited Limited Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 185.39 | 219.60 | 264.04 |
| Revenue | 28.11 | 9.93 | 33.76 |
| Profit After Tax | 23.63 | -2.77 | 6.66 |
| Net Worth | 88.70 | 65.61 | 69.06 |
| Reserves and Surplus | 85.97 | 62.89 | 66.34 |
| Amount in ₹ Crore | |||
Shervani Industrial Syndicate Limited Buyback Issue Timetable
| Last Date to buy shares | March 6, 2024 |
| Record Date | March 7, 2024 |
| Offer Opens On | March 14, 2024 |
| Last Date for receipt of Tender Forms | March 20, 2024 |
| Offer Closes On * | March 20, 2024 |
| Finalisation of Buyback Acceptance | March 26, 2024 |
| Last Date for settlment of bids | March 27, 2024 |
| Last Date for Extinguishment of Shares | April 8, 2024 |
Company Profile
Necessity of the Issue
Buyback is being undertaken, inter-alia, for the following reasons:
- The Buyback will help the Company to return surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to Shareholders.
- The Buyback would help in improving return on equity by
reduction in the share capital base and increasing shareholder value in the longer term.
- The Buyback gives an option to the shareholders holding equity shares of the Company, who can choose to participate and get cash in lieu of equity shares to be accepted under the Buyback offer or they may choose not to participate and be benefitted of a resultant increase in their percentage shareholding, post the Buyback offer, without additional Investment.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Shervani Industrial Syndicate Limited |
| Phone number | 91-7311128115 |
| Email ID | [email protected] |
| Website | shervaniind.com |
Buyback Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
Buyback 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.
Shervani Industrial Syndicate Limited Buyback FAQs
Which is the last day to buy Shervani Industrial Syndicate Buyback 2024 for buyback?
Last date to be eligible to participate in buyback is March 6, 2024.
What is the offer price for Shervani Industrial Syndicate Buyback 2024 offer?
The Shervani Industrial Syndicate Buyback 2024 is being offered at Rs ₹510 per share per equity share.
What is the record date for Shervani Industrial Syndicate Buyback 2024 offer?
The record date for the Shervani Industrial Syndicate Buyback 2024 is March 7, 2024.
What is the issue size of Shervani Industrial Syndicate Buyback 2024?
The issue size of Shervani Industrial Syndicate Buyback 2024 is of 134,000 equity shares at ₹510 per share aggregating upto ₹6.83 Crores.
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