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Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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James Warren Tea Limited is engaged in the cultivation, manufacture, and sale of tea.
James Warren, the founder of the company, planted his first tea estate near Dibrugarh in 1850. Properties have been added subsequently and Warren Tea Limited was acquired by Govind Ruia, a prominent businessman from Manchester (UK) in 1983. The company now has demerged 7 estates into James Warren Tea Limited.
James Warren Tea has over 9,500 employees. The company's tea estates are all located in the high-quality belt of the South Bank in Upper Assam and are spread over 4,000 hectares of land.
| Issue Period | July 24, 2023 - July 28, 2023 |
| Security Name | James Warren Tea Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 700,000 |
| Issue Size (Amount) | ₹17.50 Crores |
| Buyback Price | ₹250 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Last Date to buy shares | July 17, 2023 |
| Record Date | July 18, 2023 |
| Offer Opens On | July 24, 2023 |
| Last Date for receipt of Tender Forms | July 28, 2023 |
| Offer Closes On * | July 28, 2023 |
| Finalisation of Buyback Acceptance | August 3, 2023 |
| Last Date for settlment of bids | August 4, 2023 |
| Last Date for Extinguishment of Shares | August 14, 2023 |
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 7 Equity Shares out of every 44 Fully paid-up Equity Shares held on the Record Date. | 115,215.00 |
| General Category for all other Eligible Shareholders | 7 Equity Shares out of every 44 Fully paid-up Equity Shares held on the Record Date. | 584,785.00 |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Reserves and Surplus |
|---|---|---|---|---|
| 31-Mar-18 | 153.18 | 121.10 | -2.53 | 94.97 |
| 31-Mar-19 | 167.56 | 148.98 | 4.03 | 98.59 |
| 31-Mar-20 | 138.69 | 145.79 | 3.01 | 79.12 |
| 31-Mar-21 | 145.71 | 133.98 | 28.96 | 86.88 |
| 31-Mar-22 | 130.79 | 116.44 | 8.25 | 67.54 |
| Amount in ₹ Crore | ||||
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jul-2023 | 242.80 | 240.70 | 241.78 |
| Jun-2023 | 246.30 | 239.05 | 242.89 |
| May-2023 | 288.85 | 238.25 | 267.82 |
The buyback will help the company achieve the following objectives:
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James Warren Tea Limited
12, Pretoria Street,
Kolkata - 700071
Phone: +91-33-40341000
Email: sec@jwtl.in
Website: https://www.jameswarrentea.com/
Maheshwari Datamatics Pvt. Ltd
Maheshwari Datamatics Pvt. Ltd,
6, Mangoe Lane,
2nd Floor, Kolkata-700 001
Phone: 033 22435029 / 22482248
Email: mdpldc@yahoo.com
Website: http://www.mdpl.in
Lead Manager(s)
Registered Broker
The James Warren Tea Buyback 2023 opens on July 24, 2023, and closes on July 28, 2023.
Last date to be eligible to participate in buyback is July 17, 2023.
The James Warren Tea Buyback 2023 is a Tender Offer.
James Warren Tea Buyback 2023 Schedule
| Buyback Opening Date | July 24, 2023 |
| Buyback Closing Date | July 28, 2023 |
| Last Date for receipt of Tender Forms | July 28, 2023 |
| Finalisation of Buyback Acceptance | August 3, 2023 |
| Last Date for settlment of bids | August 4, 2023 |
| Last Date for Extinguishment of Shares | August 14, 2023 |
The James Warren Tea Buyback 2023 is being offered at Rs ₹250 per share per equity share.
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 7 Equity Shares out of every 44 Fully paid-up Equity Shares held on the Record Date. | 115,215.00 |
| General Category for all other Eligible Shareholders | 7 Equity Shares out of every 44 Fully paid-up Equity Shares held on the Record Date. | 584,785.00 |
The record date for the James Warren Tea Buyback 2023 is July 18, 2023.
The issue size of James Warren Tea Buyback 2023 is of 700,000 equity shares at ₹250 per share aggregating upto ₹17.50 Crores.
The buyback will help the company achieve the following objectives:
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 James Warren Tea Buyback 2023 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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Buyback Type: Tender Offer
Buyback Record Date: Jul 28 2023
Buyback Offer Amount: ₹ 55 crores
Buyback Size:18,27,242 shares I.e.,only 1.78%
Buyback Price: ₹ 301 Per Equity Share