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December 15, 2021 - December 28, 2021

S H Kelkar and Company Limited Buyback (S H Kelkar Buyback) Detail

Incorporated in 1922, S H Kelkar and Company Limited is engaged in the manufacturing of industrial perfumes. The fragrances and flavors manufactured by the company are part of several bestselling brands all over the world. The Kelkar group is now known as Keva.

S H Kelkar has three manufacturing facilities across India located at Vapi, Vashivali, and Mulund, and one in Barneveld, Netherlands. The flavors and fragrances of the company are compliant with global regulatory standards and adhere to FSSC (Food Safety Standard Certification), FSSAI (Food Safety and Standards Authority of India) certifications.

S H Kelkar's offerings include a wide range of fragrances used across multiple product categories like Skincare and cosmetics, Fabric care, Personal care, Haircare, Household products, and Fine fragrances. The company also offers a wide range of flavoring solutions, aroma ingredients, and a range of biotechnology research and cosmetic ingredients testing services.

S H Kelkar Buyback Detail

Issue PeriodDecember 15, 2021 - December 28, 2021
Security NameS H Kelkar and Company Limited
Issue TypeTender Offer
Issue Size (Shares)2,900,000
Issue Size (Amount)₹60.90 Crores
Buyback Price₹210 per share
Face Value₹10 per share
Listing AtBSE, NSE

S H Kelkar Buyback Issue Timetable

Record DateNovember 12, 2021
Offer Opens OnDecember 15, 2021
Last Date for receipt of Tender FormsDecember 28, 2021
Offer Closes On *December 28, 2021
Finalisation of Buyback AcceptanceJanuary 5, 2022
Last Date for settlment of bidsJanuary 6, 2022
Last Date for Extinguishment of SharesJanuary 13, 2022

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 1 Equity Shares out of every 17 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 2 Equity Shares out of every 109 fully paid-up Equity Shares held on the Record Date.

Company Financials

Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
30-Sep-21 (Unaudited) 31-Mar-21 31-Mar-20 31-Mar-19
Total Income 3,724.90 7,954.40 7,290.00 7,129.20
Profit After Tax 155.90 797.10 319.20 449.70
Net Worth 6,403.70 6,349.70 5,687.30 5,965.50
Reserves and Surplus 4,990.50 4,936.50 4,274.10 4,519.30

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2021 167.90 142.20 155.30
Sep-2021 175.10 145.20 162.20
Aug-2021 182.00 134.85 155.11

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2021 166.40 142.00 155.28
Sep-2021 175.50 148.25 162.27
Aug-2021 182.20 135.00 155.10

Necessity of the Issue

The Buyback aims to :
i) Reward the shareholders.
ii) Optimize the capital structure

S H Kelkar Buyback Documents

S H Kelkar Buyback Rating

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Company Contact Information

S H Kelkar and Company Limited
36, Devkaran Mansion,
Mangaldas Road, Mumbai - 400002


Phone: 022-21649163
Email: investors@keva.co.in
Website: https://www.keva.co.in/

S H Kelkar Buyback 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: shkelkar.buyback2021@linkintime.co.in
    Website: https://linkintime.co.in/initial_offer/public-issues.html

S H Kelkar Buyback Manager

Lead Manager(s)

  1. Keynote Financial Services Ltd

Registered Broker

  1. Keynote Capitals Limited
    Email: alpesh@keynoteindia.net

Find S H Kelkar Buyback Latest Update

S H Kelkar Buyback FAQs

The S H Kelkar Buyback opens on December 15, 2021, and closes on December 28, 2021.

The S H Kelkar Buyback last day to buy is not available as of now.

The S H Kelkar Buyback is a Tender Offer.

S H Kelkar Buyback Schedule

Buyback Opening DateDecember 15, 2021
Buyback Closing DateDecember 28, 2021
Last Date for receipt of Tender FormsDecember 28, 2021
Finalisation of Buyback AcceptanceJanuary 5, 2022
Last Date for settlment of bidsJanuary 6, 2022
Last Date for Extinguishment of SharesJanuary 13, 2022

The S H Kelkar Buyback is being offered at Rs ₹210 per share per equity share.

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 1 Equity Shares out of every 17 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 2 Equity Shares out of every 109 fully paid-up Equity Shares held on the Record Date.

The record date for the S H Kelkar Buyback is November 12, 2021.

The issue size of S H Kelkar Buyback is of 2,900,000 equity shares at ₹210 per share aggregating upto ₹60.90 Crores.

The Buyback aims to :
i) Reward the shareholders.
ii) Optimize the capital structure

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 S H Kelkar Buyback 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.


13 Comments

13. Unknwon     Link|January 6, 2022 12:02:10 AM
@KSRK Ji - nice AR of 30%...it was a profitable buy-back. Planning to hold the unaccepted shares or liquidate?

and pls don't underestimate yourself...you are a wonderful gem of this forum. thanks for keeping us informed on the latest in buybacks.
13.1. KAMMA SIVA RAMA KRISHNA     Link|January 6, 2022 8:42:10 AM
Sir,
Thank you for your kind words. I want to hold for some time till the price reaches Rs.190/-.
13.2. lokes     Link|January 18, 2022 12:43:09 PM
Today i sold half of my remaining holding at 170 rs
12. lokes     Link|January 4, 2022 11:56:55 AM
@KSRK sir: please inform here once you get any info about sh kelkar acceptance ratio from your demat account or from anywhere and if money is credited for that.
12.3. KAMMA SIVA RAMA KRISHNA   I Like It. 1|  Link|January 5, 2022 10:07:23 PM
Lokes ji,
I wholeheartedly congratulate you for the good profit on waiting for the opportunity to sell the shares of Eclerx in the right time at the better price. All the best.
12.4. sbmkol     Link|January 6, 2022 10:58:38 PM
Amount credited today for 6 shares out of 20 tendered for buyback.
11. satish shete     Link|December 28, 2021 11:56:36 AM
Sir I m participating buyback process. I have 780 shares and I placed all shares for buyback. On 28/12/21 the shares are not seen in my dmat account .how this happened and what it means..pls clarify...
11.1. KAMMA SIVA RAMA KRISHNA   I Like It. 2|  Link|December 28, 2021 2:24:50 PM
Sir,
When you have tendered the shares for the buyback, they cannot be seen in the Dmat account. The unaccepted shares will be credited back to your Dmat account on completion of the process of the Buyback. Don’t worry. Thank you.
10. Richie Rich     Link|December 27, 2021 10:22:20 PM
Hello all,
I have never participated in any buyback.
Can you please guide me for following query?
If I buy S H Kelkar Shares at cmp say 150 & buyback value is 210. So, rather than tendering my shares for buyback if I keep them for few days then what are chances that stock price will increase atleast till 170-180 ?
10.1. KAMMA SIVA RAMA KRISHNA   I Like It. 1|  Link|December 28, 2021 7:54:20 AM
Sir,
I am sorry to state that the process of the buyback is completing today in the investors’ aspect. Today is the last date for tendering the shares for buyback.
Chances are in either way if you want to keep the shares with the hope of increasing the price.
I don’t suggest you to purchase the shares. Thank you.
9. KAMMA SIVA RAMA KRISHNA   I Like It. 2|  Link|November 3, 2021 7:09:21 PM
One can purchase the shares of S H KELKAR Co Ltd (Keva) at the CMP for tendering for buyback. Record Date is 12/11. CMP is around Rs.145/- and the price of the buyback is Rs. 210/-. You will definitely get a reasonably good profit. I hope that the ER will be around 6% and AR around 13% to 17%. Chances of much downfall in the price of unaccepted shares after the buyback are very less. Thank you.
9.13. Unknwon     Link|December 6, 2021 2:50:21 PM
bang on @KSRK ji...ER is 6%
9.14. KAMMA SIVA RAMA KRISHNA   I Like It. 1|  Link|December 13, 2021 9:07:59 PM
Unknwon ji,
If AR is also between 13% n 17%, then only i will be happy. But, I doubt whether it reaches 13% in the present circumstances. Thank you.
8. Unknwon     Link|December 6, 2021 2:49:09 PM
ER=6%
7. C.S.Karthikram   I Like It. 1|  Link|November 15, 2021 1:48:47 AM

current market price - 173.75 , 4 % of your portfolio, 50% now and add till 156.00 , stop below 155.00 . hold for as per your comfort for good profit percentage.

https://invst.ly/wlwwa

7.1. ColdBurger     Link|November 29, 2021 2:27:53 PM
Now when it will reach 160-155 level? Does not seems it will go below 165 in short term.
7.2. ColdBurger     Link|November 29, 2021 3:39:28 PM
Sorry! I thought i am on MOIL page when i posted below...

"Now when it will reach 160-155 level? Does not seems it will go below 165 in short term."
6. lokes   I Like It. 1|  Link|November 19, 2021 7:20:51 PM
looks like price will take support from these levels 155-160 from where the run-up has started. Hopefully during tender period it will cross 175-180
6.2. ColdBurger     Link|November 28, 2021 8:02:39 PM
@lokes why price will rise during tender period? New to buyback so not aware. Next Qtr result period or if they offer good divided then also cause the rise
What about MOIL have you bought and expect it to go upto 195 near record date?
6.3. lokes   I Like It. 1|  Link|November 29, 2021 11:46:33 AM
@coldburger: sometimes price increases in tender period as people may buy again for tendering who have sold after record date and many shares will be locked since people have tendered for buyback. It may not be the case always just a general perception. And btw shares doesn't move only as per quarterly results dividends :) means other than that they rise/fall, right.
Moil can be bought in tranches starting from 170 levels till 160-165 levels, i don't think price will go till 195 near record date since buyback price is only 205 rs, price may go max till 180-185 near record date.
5. C.S.Karthikram     Link|November 15, 2021 1:37:34 AM
https://invst.ly/wlwty

current market price - 173.75 , 4 % of your portfolio, 50% now and add till 156.00 , stop below 155.00 . hold for as per your comfort for good profit percentage.
4. lokes   I Like It. 1|  Link|November 10, 2021 2:30:41 PM
I feel people can keep holding this share whoever has bought around 150 to 180 levels, since price is already reached near 195 due to the stake sale and buy by prominent investors and buyback price is around 210 so it will definitely have around 50% to 80% acceptance ratio in buyback once buyback opens since many will not tender their shares in buyback. And unaccepted shares can also do good in short to medium term.
3. Unknwon     Link|November 9, 2021 9:41:16 PM
Sold 50% of my holding today. Didnt want to wait for the ex-date. Had a bad experience in Goldiam when I couldn't sell at 1100 and now it's down to 950. Decent profit in 10 days in SHK.
3.1. lokes     Link|November 10, 2021 2:25:54 PM
@Unknwon : i informed about the reason of yesterday upmove in sh kelkar so as per that news, it moved again today also. I am still holding my 900 shares.
2. lokes     Link|November 9, 2021 12:03:36 PM
yesterday i was thinking to buy this share for buyback purpose but forgot later due to office work and today it moved a lot , missed opportunity :(
2.1. lokes     Link|November 9, 2021 1:52:09 PM
i bought at 174 today 900 quantity and now its locked at upper circuit at 183.5 rs , so 8550 profit, i will sell it tomorrow probably if it will come above 190 without waiting for buyback. Lets see.
1. KAMMA SIVA RAMA KRISHNA   I Like It. 1|  Link|November 4, 2021 10:13:14 AM
A very very happy n prosperous Diwali to all
1.1. lokes     Link|November 4, 2021 6:22:32 PM
Same to you sir.... Happy Diwali :)

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