The James Warren Buyback date has been Recorded on July 18, 2023
James Warren was founded in 1984 and is part of the USD 900 million Aarti Group of Industries, having a strong R&D Division at Tarapur, Maharashtra Industrial Development Corporation (MIDC), close to production facilities.
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Record Dates
July 18, 2023
Buyback Price
₹250 per equity share
Face Value
₹10 per share
Offer Closes On
July 28, 2023
James Warren Buyback Price
The James Warren Buyback price is ₹[250 per equity share ].
IPO Overview
James Warren Tea Limited is a company that is involved in the cultivation, production, and distribution of tea. The company was established by James Warren, who planted his initial tea estate near Dibrugarh in 1850. Over the years, additional properties have been acquired, and in 1983, the company was acquired by Govind Ruia, a well-known businessman from Manchester, UK. As of now, the company has separated seven of its estates into James Warren Tea Limited.
James Warren Share Buyback 2023 Details
| James Warren Buyback Dates | Coming soon |
| James Warren Buyback Price | INR 250 per share |
| Market Price on Buyback Approval | INR 240 per share |
| Buyback Premium on Market Price | 4.17% |
| Buyback Offer Size (Shares) | 7,00,000 shares |
| Buyback Offer Size (Amount) | INR 17.50 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE |
James Warren Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 24 June 2023 |
| Buyback Approval Date | 30 June 2023 |
| Public Announcement of Buyback | 8 July 2023 |
| James Warren Buyback Record Date | 18 July 2023 |
| Buyback Opening Date | Coming soon |
| Buyback Closing Date | Coming soon |
| Cut-off Date to receive completed tender forms by Registrar | Coming soon |
| Verification Date by the Registrar | Coming soon |
| Return of unaccepted shares by Registrar | Coming soon |
| Extinguishment of accepted shares | Coming soon |
James Warren Tea Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders | ||
| (less than INR 2 Lakh on record date) | – | 25.19 |
| General category | ||
| (for all other Eligible Shareholders) | – | – |
James Warren Tea Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 128.29 | 111.18 | 130.49 |
| Total Expenses | 100.37 | 104.26 | 128.95 |
| Net income | 28.96 | 8.25 | 9.49 |
Calculation of Investment in Buyback
| Maximum market value of a share holder as on record date | INR 2,00,000 |
| Buyback price per share | INR 250 |
| Maximum shares for small shareholder (2,00,000/250) | 800 shares * |
| Closing price of stock as on 30 June 2023 | INR 240** |
| Maximum amount invested in buyback (INR 240 x 800 shares) | INR 1,92,000 |
James Warren Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 800 | 202 | 202 (100%) | 2,020 | 1.05 |
| 800 | 202 | 404 (200%) | 4,040 | 2.10 |
| 800 | 202 | 606 (300%) | 6,060 | 3.16 |
Company Profile
The origins of the company can be traced back to James Warren, who established his first tea estate near Dibrugarh in 1850. Over time, additional properties were acquired, and in 1983, Warren Tea Limited was purchased by Govind Ruia, a prominent businessman from Manchester, UK. Recently, the company has undergone a demerger, with 7 high-quality estates forming James Warren Tea Limited. These estates are all situated in the premium region of the South Bank in Upper Assam. Each estate strictly adheres to the highest standards of EU MRL and food safety regulations, holding certifications such as HACCP and Ethical Trade Partnership. With approximately 9,500 employees,
the company operates across 4,000 hectares of land. Their estates have the capability to produce both CTC and Orthodox teas, which are enjoyed not only in India but also worldwide.
Registrar Info
| Name | Maheshwari Datamatics Pvt. Ltd |
| Phone number | 033 22435029 / 22482248 |
| Email ID | mdpldc@yahoo.com |
| Website | https://www.mdpl.in |
Contact Details
| Name | James Warren Buyback Limited |
| Phone number | +91-33-40341000 |
| Email ID | sec@jwtl.in |
| Website | https://www.jameswarrentea.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.
