Navneet Education of ₹100 crores approved by the board of directors at the meeting was held on August 1, 2024. Navneet Education will be done via the Tender Offer route through the stock exchange mechanism. The board of directors of the company approved the buyback by the Company of its fully paid-up equity shares having a face value of ₹2 each equity share at a price of ₹200 per Equity Share and for an aggregate amount not exceeding ₹100 crores from the shareholders. Check out Navneet Education Buyback 2024 details below:
Navneet Education Limited, founded by the Gala family in 1959, is a prominent player in India’s education sector. Prominent for well-liked educational products such as YouVa full-scapes, Vikas workbooks, and Gala practice books, Navneet has grown to be a favored brand among educators and learners. Encyclopedia Britannica (India) Pvt. Ltd. was purchased by the company in 2016 to publish textbooks for the CBSE and enhance regional teaching through digital solutions. The company originated in pre-independence India when a young Kutchy native established a successful school supply business in Mumbai. Strong family values, diligence, and a dedication to excellence have shaped Navneet’s legacy, making it a recognizable and reliable name in Indian education.
Navneet Education History
Navneet Education Buyback 2024 Dates
| Buyback Meeting Date: | August 1, 2024 |
| Buyback Announcement Date: | August 1, 2024 |
| Buyback Record Date: | August 13, 2024 |
| Last Date to Buy Shares: | August 12, 2024 |
| Buyback Open Date: | August 20, 2024 |
| Buyback Close Date: | August 26, 2024 |
| Finalization of Buyback Acceptance: | August 30, 2024 |
Navneet Education Buyback 2024 Offer Details
Navneet Education of 5,000,000 equity shares at a price of ₹200 per equity share. The buyback offers not to exceed ₹100 crores of the total buyback offer size.
| Offer Amount: | ₹100 Crores |
| Number of Shares: | 5,000,000 Equity Shares |
| Face Value: | ₹2 per equity share |
| Buyback Price: | ₹200 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
Navneet Education Buyback 2024 Acceptance Ratio
The investor should buy around 1000 shares at a current market price of ₹167 (as of date). The calculation will be ₹2,00,000 / ₹200 buyback price = 1000 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹165000 | 330 | ₹11550 |
| 50% | ₹165000 | 500 | ₹17500 |
| 75% | ₹165000 | 750 | ₹26250 |
| 100% | ₹165000 | 1000 | ₹35000 |
Navneet Education Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹1080.71 | ₹926.74 | ₹146.62 |
| 2023 | ₹1644.83 | ₹1335.06 | ₹258.87 |
| 2024 | ₹1707.46 | ₹1470.30 | ₹188.53 |
How to Participate in Navneet Education Buyback 2024
The investors are eligible for the buyback scheme who have Navneet Education shares in their Demat Account as the Record Date. Eligible Share Holders can participate in the Navneet Education Buyback 2024 scheme as per the opening form by selling their shares. The payment will be given as per the Navneet Educationepted shares by the company under the Navneet Education scheme.
Navneet Education Buyback 2024 Registrar
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: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html
Navneet Education Buyback 2024 Lead Managers
- Inga Ventures Pvt Ltd
Navneet Education Company Address
Navneet Education Limited
Navneet Bhavan, Bhavani Shankar Road
Near Shardashram Society, Dadar (W)
Mumbai-400028.
Phone: 02266626565
Email: [email protected]
Website: https://navneet.com/
How to Apply the Navneet Education through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “Navneet Education”. Click on Place Order. Enter your Quantity and submit Navneet Education Application Form.
How to Apply the Navneet Education through Upstox?
Log in to Upstox Application with your credentials. Select the Navneet Education. You will see the Company Name “Navneet Education”. Click on Navneet Education Stock for Buyback. Enter your Quantity and submit Navneet Education Application Form.
How to Apply the Navneet Education through Navneet Education Paytm Money?
Log in to Paytm Money Application with your credentials. Select the Navneet Education. Enter your Quantity and submit Navneet Education Application Form.
