Free Account Opening + AMC Free Demat
Loading...
November 7, 2022 - December 27, 2022

Kaveri Seed Company Ltd Buyback (Kaveri Seed Buyback 2022) Detail

Kaveri seeds is India’s largest agriculture company specializing in Hybrid Seeds for Key Indian crops. With more than 1,00,000 production growers on 65,000 acres of land across 12 different agro-climatic zones, the diverse portfolio of seeds caters to key crop segments to enable crops for diverse agro–climate and soil conditions. The company's product portfolio includes field crops and vegetables.

As a part of the sustainable growth strategy the company consistently have invested in Research & Development (R & D) and since 2001 the R&D base is recognized by the Government of India’s , Department of Scientific and Industrial Research (DSIR). The company has 850+ member-strong workforce.

The company have developed committed a network of 1,00,000 + production growers across 12 different agro-climatic zones, Over 600 acres of dedicated research farms with varying agro-climatic conditions and satellite centre for rice in Lucknow and vegetables in Guntur.

The company has 40,000+ dealer network, 17 advanced production facilities, and 1,00,000+ farmers network.

Kaveri Seed Buyback 2022 Detail

Issue PeriodNovember 7, 2022 - December 27, 2022
Security NameKaveri Seed Company Ltd
Issue TypeOpen Market Through Stock Exchange
Issue Size (Amount)₹125.65 Crores
Buyback Price₹700 per share
Face Value₹2 per share
Listing AtBSE, NSE

Company Financials

Kaveri Seed Company Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-211961.861082.05311.211294.281282.62
31-Mar-221880.051011.26212.81262.071250.01
Amount in ₹ Crore

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Sep-2022 498.00 422.55 456.33
Aug-2022 496.95 454.50 474.15
Jul-2022 514.65 477.50 496.27

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Sep-2022 483.95 422.85 457.71
Aug-2022 497.35 454.55 473.36
Jul-2022 514.95 477.65 495.33

Necessity of the Issue

The buyback is being undertaken for the following reason:

1. The Buy-back is being undertaken by the Company to return surplus funds to the equity shareholders of the Company.

2. The Company believes that the Buy-back will improve return on equity, by reducing in equity base, thereby leading to a long-term increase in the value of shareholders.

Kaveri Seed Buyback 2022 Documents

Kaveri Seed Buyback 2022 Rating

1
2.0
Rating:Rated 2.0 stars
Vote Here ...

Kaveri Seed Buyback 2022 Reviews

Sorry, we couldn't find any reviews, please check back later.

Company Contact Information

Kaveri Seed Company Ltd
513 B, 5th Floor, Minerva Complex,
S.D.Road,
Secunderabad -500003

Phone: 040 – 27721457
Email: info@kaveriseeds.in
Website: https://www.kaveriseeds.in/

Kaveri Seed Buyback 2022 Registrar

  1. Bigshare Services Pvt Ltd
       1st Floor, Bharat Tin Works Building,
       Opp. Vasant Oasis,Makwana Road,
       Marol, Andheri(E), Mumbai - 400 059

    Phone: +91-22-6263 8200
    Email:
    Website: https://ipo.bigshareonline.com/ipo_status.html

Kaveri Seed Buyback 2022 Manager

Lead Manager(s)

  1. Bajaj Capital Limited

Registered Broker

  1. RLP S€curities Private Limited
    Email:

Find Kaveri Seed Buyback 2022 Latest Update

Kaveri Seed Buyback 2022 FAQs

The Kaveri Seed Buyback 2022 opens on November 7, 2022, and closes on December 27, 2022.

The Kaveri Seed Buyback 2022 is a Open Market Through Stock Exchange.

Kaveri Seed Buyback 2022 Schedule

Buyback Opening DateNovember 7, 2022
Buyback Closing DateDecember 27, 2022
Last date for acceptance of sharesUpon relevant pay-out by the Stock exchange

The Kaveri Seed Buyback 2022 is being offered at Rs ₹700 per share per equity share.

There is no ratio applicable in case of open market offer through stock exchange mechanism.

There is no concept of record date in case of open market through stock exchange mechanism.

The Kaveri Seed Buyback 2022 has announced a buyback for an aggregate amount of not more than Rs. ₹125.65 Crores with pricing of Rs.₹700 per share.

The buyback is being undertaken for the following reason:

1. The Buy-back is being undertaken by the Company to return surplus funds to the equity shareholders of the Company.

2. The Company believes that the Buy-back will improve return on equity, by reducing in equity base, thereby leading to a long-term increase in the value of shareholders.

Any equity shareholder holding the shares in Demat form can participate in the buyback offer through their stockbroker. The physical shareholder can participate only once the shares get converted into a Dematerialized form.

The shareholder needs to inform their broker on the details of the Equity shares they wish to sell. The broker will place a sell order whenever the company places a buy order for the buyback. The trade would get executed at the offer price or lesser only when the price offered by the shareholder matches with the buy order placed by the company.

The Kaveri Seed Buyback 2022 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.


1 Comments

1. Shishir     Link|November 18, 2022 8:09:36 AM
I have 100 shares of kaveri seeds in zerodha but neither i have the email from company nor there is anything being shown on zerodha platform to go ahead if i am interested in participating in the current buyback. Any ideas on the way forward for the same will be of great help and appreciated. Regards.
1.1. Ayush Jindal   I Like It. 1|  Link|November 18, 2022 1:09:20 PM
KSCL proposed an open market buyback. There is a difference between open market buyback and tender offer buyback. In an open market, BB company purchase its shares from the secondary market in 6M.

So, you cannot participate in this BB as you can do in other BBs.

Compare Buybacks with Kaveri Seed Buyback 2022