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Founded in 1974, Chaman Lal Setia Exports Ltd. “is one of the largest manufacturers and exporters of basmati rice in India with its flagship brand "Maharani" basmati rice.
The paddy fields of Chaman Lal Setia Exports are located in Amritsar in Punjab, Karnal in Haryana and Delhi and spread over 4000 sq. km of rice-producing area. The company has a strong nationwide presence, is present in more than 83 countries and packs over 272 private labels in numerous markets around the world.
The company started exporting in 1982 and was recognized as an export house by the Ministry of Commerce, Government of India in 1989.
Issue Period | August 23, 2024 - August 29, 2024 |
Security Name | Chaman Lal Setia Exports Limited |
Issue Type | Tender Offer |
Issue Size (Shares) | 2,007,930 (9.5 % of Total number of equity Shares) |
Issue Size (Amount) | ₹60.24 Crores |
Buyback Price | ₹300 per share |
Face Value | ₹2 per share |
Listing At | BSE, NSE |
Last Date to buy shares | August 16, 2024 |
Record Date | August 19, 2024 |
Offer Opens On | August 23, 2024 |
Last Date for receipt of Tender Forms | August 29, 2024 |
Offer Closes On * | August 29, 2024 |
Finalisation of Buyback Acceptance | September 4, 2024 |
Last Date for settlment of bids | September 5, 2024 |
Last Date for Extinguishment of Shares | September 17, 2024 |
Category | Entitlement Ratio of Buyback | Shares Offered |
---|---|---|
Reserved Category for Small Shareholders | 21 Equity Shares out of every 251 Fully paid-up Equity Shares held on the Record Date. | 3,01,190 |
General Category for all other Eligible Shareholders | 24 Equity Shares out of every 677 Fully paid-up Equity Shares held on the Record Date. | 17,06,740 |
Chaman Lal Setia Exports Limited's revenue decreased by -2% and profit after tax (PAT) dropped by -2% between the financial year ending with March 31, 2024 and March 31, 2023.
Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||||||||
Revenue | 1,365.2 | 1,398.82 | 936.36 | |||||||||||||||||||||||||||
Profit After Tax | 115.64 | 117.67 | 64.98 | |||||||||||||||||||||||||||
Amount in ₹ Crore |
Month | High Price | Low Price | Average Price |
---|---|---|---|
Jul-2024 | 237.20 | 202.75 | 220.11 |
Jun-2024 | 223.05 | 185.00 | 208.47 |
May-2024 | 233.00 | 199.40 | 217.73 |
Month | High Price | Low Price | Average Price |
---|---|---|---|
Jul-2024 | 237.50 | 203.29 | 223.30 |
Jun-2024 | 223.50 | 183.35 | 208.40 |
May-2024 | 233.40 | 197.75 | 217.15 |
The Buy-Back is being undertaken, inter-alia, for the following reasons:
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Chaman Lal Setia Exports Limited
No. 472, Udyog Vihar, Phase -3,
Near Wipro & Educom Building,
Gurugram - 122016
Phone: +91-124-4745900
Email: maharani@setiarice.com
Website: http://www.maharanirice.in/
Beetal Financial & Computer Services (P) Limited
Beetal House, 3rd Floor,
99, Madangir, Behind Local Shopping Centre,
New Delhi - 110062
Phone: +91 11 29961281
Email: beetal@beetalfinancial.com
Website: http://www.beetalmail.com/smeipo
Lead Manager(s)
Registered Broker
The Chaman Lal Setia Exports Buyback 2024 opens on August 23, 2024, and closes on August 29, 2024.
Last date to be eligible to participate in buyback is August 16, 2024.
The Chaman Lal Setia Exports Buyback 2024 is a Tender Offer.
Chaman Lal Setia Exports Buyback 2024 Schedule
Buyback Opening Date | August 23, 2024 |
Buyback Closing Date | August 29, 2024 |
Last Date for receipt of Tender Forms | August 29, 2024 |
Finalisation of Buyback Acceptance | September 4, 2024 |
Last Date for settlment of bids | September 5, 2024 |
Last Date for Extinguishment of Shares | September 17, 2024 |
The Chaman Lal Setia Exports Buyback 2024 is being offered at Rs ₹300 per share per equity share.
Category | Entitlement Ratio of Buyback | Shares Offered |
---|---|---|
Reserved Category for Small Shareholders | 21 Equity Shares out of every 251 Fully paid-up Equity Shares held on the Record Date. | 3,01,190 |
General Category for all other Eligible Shareholders | 24 Equity Shares out of every 677 Fully paid-up Equity Shares held on the Record Date. | 17,06,740 |
The record date for the Chaman Lal Setia Exports Buyback 2024 is August 19, 2024.
The issue size of Chaman Lal Setia Exports Buyback 2024 is of 2,007,930 equity shares at ₹300 per share aggregating upto ₹60.24 Crores.
The Buy-Back is being undertaken, inter-alia, for the following reasons:
All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.
The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.
The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.
The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.
The Chaman Lal Setia Exports Buyback 2024 offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.
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After record date I sold 70 share.If
Acceptance ratio come 25%. Then
How many share will be accepted %