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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.
Issue Period | November 7, 2022 - December 27, 2022 |
Security Name | Kaveri Seed Company Ltd |
Issue Type | Open Market Through Stock Exchange |
Issue Size (Amount) | ₹125.65 Crores |
Buyback Price | ₹700 per share |
Face Value | ₹2 per share |
Listing At | BSE, NSE |
Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
---|---|---|---|---|---|
31-Mar-21 | 1961.86 | 1082.05 | 311.21 | 1294.28 | 1282.62 |
31-Mar-22 | 1880.05 | 1011.26 | 212.8 | 1262.07 | 1250.01 |
Amount in ₹ Crore |
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 |
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 |
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.
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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/
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
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 Date | November 7, 2022 |
Buyback Closing Date | December 27, 2022 |
Last date for acceptance of shares | Upon 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.
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