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January 24, 2024 - January 31, 2024

Chambal Fertilisers and Chemicals Limited Buyback (Chambal Fertilisers and Chemicals Buyback 2024) Detail

Incorporated in 1985, Chambal Fertilisers and Chemicals Ltd is an Indian agrochemicals manufacturing company established by the KK Birla Group. The company is based in Kota, Rajasthan and is one of the largest private sector fertilizer producers in India.

Chambal Fertilisers and Chemicals Ltd produces urea at three plants in the Gadepan area of Kota. The company also markets other fertilizers and agricultural inputs, such as di-ammonium phosphate (DAP) and muriate of potash.

Chambal Fertilisers and Chemicals Ltd's annual production of more than 3.4 million metric tons of urea accounts for nearly 15% of the total urea produced in India.

The company serves the farmers in ten states across the northern, eastern, central and western regions of India. It is the primary supplier of fertilizers in the states of Rajasthan, Madhya Pradesh, Punjab, and Haryana. The company boasts an extensive marketing network, comprising of 15 regional offices, 2,200 dealers and 22,000 village-level outlets.

The company has been recognized with the Sword of Honour award from the British Safety Council for two years in a row. Additionally, it has been granted ISO 14001 certification for Environment Management System Standard, ISO 9001 certification for Quality Management System Standard, and OHSAS 18001 certification for Occupational Health and Safety Management System Standard.

Chambal Fertilisers and Chemicals Buyback 2024 Detail

Issue PeriodJanuary 24, 2024 - January 31, 2024
Security NameChambal Fertilisers and Chemicals Limited
Issue TypeTender Offer
Issue Size (Shares)15,555,555 (3.74 % of Total number of equity Shares)
Issue Size (Amount)₹700.00 Crores
Buyback Price₹450 per share
Face Value₹10 per share
Listing AtBSE, NSE

Chambal Fertilisers and Chemicals Buyback 2024 Issue Timetable

Last Date to buy sharesJanuary 17, 2024
Record DateJanuary 18, 2024
Offer Opens OnJanuary 24, 2024
Last Date for receipt of Tender FormsJanuary 31, 2024
Offer Closes On *January 31, 2024
Finalisation of Buyback AcceptanceFebruary 6, 2024
Last Date for settlment of bidsFebruary 7, 2024
Last Date for Extinguishment of SharesFebruary 16, 2024
* Last Date to Tender shares on Zerodha : January 30, 2024

Buyback Ratio

CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders1 Equity Shares out of every 14 Fully paid-up Equity Shares held on the Record Date.2,333,334.00
General Category for all other Eligible Shareholders1 Equity Shares out of every 29 Fully paid-up Equity Shares held on the Record Date.13,222,221.00

Company Financials

Chambal Fertilisers and Chemicals Limited Financial Information (Restated Consolidated)

Chambal Fertilisers and Chemicals Limited's revenue increased by 73.15% and profit after tax (PAT) dropped by -33.99% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Revenue11,065.5027,940.5716,136.8312,756.36
Profit After Tax719.561,033.791,566.061,747.59
Net Worth7,690.187,052.926,386.095,235.75
Total Borrowing2,281.113,335.274,323.093,918.41
Amount in ₹ Crore

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2023 381.60 320.05 350.35
Nov-2023 319.00 285.25 303.97
Oct-2023 295.25 269.95 282.87

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2023 381.45 320.20 350.43
Nov-2023 319.05 285.35 304.01
Oct-2023 295.60 270.00 283.02

Necessity of the Issue

The Buyback is being undertaken for the following reasons:

  1. The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares thereby, enhancing the overall return to shareholders;
  2. The buyback will help the company to improve its capital structure by optimizing debt to equity ratio. It would also help in improving financial ratios such as earnings per share and return on equity.

Chambal Fertilisers and Chemicals Buyback 2024 Documents

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Company Contact Information

Chambal Fertilisers and Chemicals Limited
Corporate One, First Floor
Commercial Centre, Jasola
New Delhi - 110 025

Phone: 91-744-2782915
Email: corporate@chambal.in
Website: https://chambalfertilisers.com/

Chambal Fertilisers and Chemicals Buyback 2024 Registrar

  1. Link Intime India Private Ltd
       Link Intime India Private Ltd
       C 101, 247 Park, L.B.S.Marg,
       Vikhroli (West), Mumbai - 400083

    Phone: +91-22-4918 6270
    Email: chambal.buyback2024@linkintime.co.in
    Website: https://linkintime.co.in/initial_offer/public-issues.html

Chambal Fertilisers and Chemicals Buyback 2024 Manager

Lead Manager(s)

  1. Axis Capital Limited

Registered Broker

  1. Axis Capital Limited
    Email: CFCL.buyback@axiscap.in

Chambal Fertilisers and Chemicals Buyback 2024 FAQs

The Chambal Fertilisers and Chemicals Buyback 2024 opens on January 24, 2024, and closes on January 31, 2024.

Last date to be eligible to participate in buyback is January 17, 2024.

The Chambal Fertilisers and Chemicals Buyback 2024 is a Tender Offer.

Chambal Fertilisers and Chemicals Buyback 2024 Schedule

Buyback Opening DateJanuary 24, 2024
Buyback Closing DateJanuary 31, 2024
Last Date for receipt of Tender FormsJanuary 31, 2024
Finalisation of Buyback AcceptanceFebruary 6, 2024
Last Date for settlment of bidsFebruary 7, 2024
Last Date for Extinguishment of SharesFebruary 16, 2024

The Chambal Fertilisers and Chemicals Buyback 2024 is being offered at Rs ₹450 per share per equity share.

CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders1 Equity Shares out of every 14 Fully paid-up Equity Shares held on the Record Date.2,333,334.00
General Category for all other Eligible Shareholders1 Equity Shares out of every 29 Fully paid-up Equity Shares held on the Record Date.13,222,221.00

The record date for the Chambal Fertilisers and Chemicals Buyback 2024 is January 18, 2024.

The issue size of Chambal Fertilisers and Chemicals Buyback 2024 is of 15,555,555 equity shares at ₹450 per share aggregating upto ₹700.00 Crores.

The Buyback is being undertaken for the following reasons:

  1. The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares thereby, enhancing the overall return to shareholders;
  2. The buyback will help the company to improve its capital structure by optimizing debt to equity ratio. It would also help in improving financial ratios such as earnings per share and return on equity.

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 Chambal Fertilisers and Chemicals 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.


17 Comments

17. Nidhi     Link|February 12, 2024 8:42:27 PM
I am little new to trading and I applied for buyback for the 1st time. I still have few shares. Does the share value increase after extinguishment of shares?
16. Aruce🙂   I Like It. 1|  Link|February 6, 2024 3:20:01 PM
CHAMBEL FERTILIZER BUYBACK 98 SHARE ACCEPTED OUT OF 500 SHARE
16.1. Flame     Link|February 8, 2024 8:07:36 AM
wrong.

8.8% - final acceptance ratio for retail.

44 shares out of 500.
15. Manik     Link|February 6, 2024 2:56:42 PM
Final AR : 19.55%
15.1. Flame     Link|February 8, 2024 8:07:04 AM
8.8% - final acceptance ratio for retail.

44 shares out of 500.
14. Seth.     Link|February 7, 2024 8:31:38 PM
Anyone got money credited?
I didn't get for any account yet
14.1. Plaza     Link|February 7, 2024 9:54:28 PM
Yes amount just credited in idfc first bank
14.2. Seth.     Link|February 7, 2024 10:09:32 PM
@Plaza ok thanks
I got just now
13. Plaza     Link|February 7, 2024 9:57:35 PM
In my case in all accounts out of 500 only 97 shares accepted.
12. Jitendrakr     Link|February 7, 2024 10:50:54 AM
Hii everyone,
I need some clarification as I am applying for buyback for first time .

I had tendered my 209 shares for buyback and received contract note for 40 shares acceptance.
Now I have received emails regarding debit of all
209 shares. Is something wrong ??

TIA
12.1. GrayIsTheNewBlack   I Like It. 1|  Link|February 7, 2024 7:54:29 PM
Nothing wrong.
Remaining 169 shares will be credited back by end of the day.
You can sell them either Tomorrow/Day after (depending what your broker allows)
11. Akshat     Link|February 7, 2024 11:12:07 AM
When we can sell remaining shares
10. Sumit     Link|February 7, 2024 9:27:49 AM
When we get the balance shares
9. aman     Link|February 6, 2024 2:25:15 PM
Chambal Fertilisers Buyback Update - Retail Acceptance Ratio remained at 19.60%

98 Shares Accepted Only Out of 500 Shares, Almost on Expected lines
9.2. Nilay     Link|February 6, 2024 9:19:50 PM
Is this authentic. Not able to find the acceptance ratio anywhere.
9.3. Kk     Link|February 6, 2024 9:48:24 PM
Yes. My 3 shares accepted our of 15
8. CA RAKESH     Link|January 31, 2024 6:05:16 PM
Expected Final Acceptance of 21.65% (Minimum).
7. Pritesh   I Like It. 1|  Link|January 25, 2024 12:01:11 PM
I have 500 shares on record date and received the email for the same and shares entitled to tender under the buyback offer is 36 in email received from company. Anyone please let me know how many shares will be accepted in below conditions if AR is 20%
If:
1. I will apply 36 shares
2. I will apply 100 shares
3. I will apply 500 shares
7.3. Pritesh     Link|January 27, 2024 6:50:55 PM
Thanks Inder
7.4. CB☺     Link|January 28, 2024 9:09:10 PM
@Inder, Your computation for 2) & 3) is not correct.
1) submitting only 36 will guarantee 36 acceptance
2) Submitting more than 36 will also guarantee 36 acceptance + additional quantity based on actual AR. AR decision is what need to be counted for additional share acceptance.
6. Plaza     Link|January 22, 2024 8:24:16 PM
Entitlement ratio is only 7% for retail .IMO maximum 20% will be final AR . Any comments
5. Plaza     Link|January 22, 2024 7:32:50 PM
Minimum acceptance share is only 7% as I hv just received mail and only 35 minimum out of 500 shares which indicates final AR might be in between 15 to 20 %
4. Authentic     Link|January 8, 2024 8:18:17 PM
Expected Minimum Entitlement Ratio for Small Shareholders (below Rs 2 lakhs):

Dhampur Sugar Jan 2024: 2.25 %
Kaveri Seeds Jan 2024: 30.04 %
Chambal Fertilisers Jan 2024: 11.22 %
Bajaj Auto Jan 2024 : 15 %

4.3. Dinesh d mehta     Link|January 12, 2024 10:19:02 PM
How you arrived at entitlement ratio? Can u briefly say....
4.4. INDER JIT CHUGH     Link|January 19, 2024 5:52:55 AM
THERE IS NO FORMULA TO CHECK ER AND AR BEFORE RD.
3. Dinesh d mehta     Link|January 11, 2024 10:17:11 PM
How much maximum quantity to buy from market (before record date) , so as to qualify in retail category?
Any one guide.
2. Sharad     Link|January 8, 2024 7:58:51 PM
What is the acceptance ratio for chambal fertilizer plz update
2.2. Sanjay patwa     Link|January 9, 2024 8:52:09 PM
Go for bajaj auto buyback
Purchase 1 share of bajaj auto it will be consider for buyback
2.3. Manik     Link|January 10, 2024 7:51:47 PM
Sanjay where u get that figure for Chambal fertilizer?
1. Thor     Link|January 8, 2024 10:30:47 PM
Is it worth buying to apply in Buyback under retail quota ?

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