Dwarikesh Sugar Industries of ₹31.5 crores approved by the board of directors at the meeting was held on March 08, 2024. Dwarikesh Sugar Industries 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 ₹1 each equity share at a price of ₹105 per Equity Share and for an aggregate amount not exceeding ₹31.5 crores from the shareholders. Check out Dwarikesh Sugar Industries Buyback 2024 details below:
Dwarikesh Sugar Industries Limited is one of the leading player in the business of manufacture and sale of sugar co-generation of power and industrial alcohol. It is a multi-faceted, diversified industrial group engaged in the manufacture of the finest grains of sugar, as well as allied products. They have their first of 2500 TCD in Bijnor district of Uttar Pradesh. The company’s plants with a combined capacity of 21500 tons of sugar per day are located in Bijnor district of Uttar Pradesh at Dwarikesh Nagar (Najibabad) Dwarikesh Puram (Afzalgarh) and at Dwarikesh Dham Tehsil Faridpur District- Bareilly. Headquartered in Mumbai, the company, which made a successful IPO in November 2004 raising ₹ 32.50 Crores, has impressed everyone including the Foreign Institutional Investors who have consistently been showing faith in the company’s ambitious plans.
Dwarikesh Sugar Industries History
- N/A
Dwarikesh Sugar Industries Buyback 2024 Dates
| Buyback Meeting Date: | March 8, 2024 |
| Buyback Announcement Date: | March 8, 2024 |
| Buyback Record Date: | March 20, 2024 |
| Last Date to Buy Shares: | March 19, 2024 |
| Buyback Open Date: | March 26, 2024 |
| Buyback Close Date: | April 2, 2024 |
| Finalization of Buyback Acceptance: | April 10, 2024 |
Dwarikesh Sugar Industries Buyback 2024 Offer Details
Dwarikesh Sugar Industries of 30,00,000 equity shares at a price of ₹105 per equity share. The buyback offers not to exceed ₹31.5 crores of the total buyback offer size.
| Offer Amount: | ₹31.5 Crores |
| Number of Shares: | 30,00,000 Equity Shares |
| Face Value: | ₹1 per equity share |
| Buyback Price: | ₹105 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
Dwarikesh Sugar Industries Buyback 2024 Acceptance Ratio
The investor should buy around 1,904 shares at a current market price of ₹81.89 As of March 11, 2024 The calculation will be ₹2,00,000 / ₹105 buyback price = 1,904 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹1,54,224 | 628 | ₹9.77% |
| 50% | ₹1,54,224 | 952 | ₹14.81% |
| 75% | ₹1,54,224 | 1428 | ₹22.22% |
| 100% | ₹1,54,224 | 1904 | ₹29.63% |
Dwarikesh Sugar Industries Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹1839 | ₹1638 | ₹92 |
| 2022 | ₹1979 | ₹1688 | ₹155 |
| 2023 | ₹2103 | ₹1890 | ₹105 |
How to Participate in Dwarikesh Sugar Industries Buyback 2024
Firstly, to be eligible for the buyback the investor should have shares of Dwarikesh Sugar Industries in Demat or physical form as on the record date [20-03-2024].
Once you have shares in Demat, you can participate in the buyback process which is opening from [26-03-2024] by selling your shares through your broker on NSE or BSE.
Then on [02-04-2024], the payment will be given to you for accepted shares and unaccepted shares will be returned to your Demat account.
Dwarikesh Sugar Industries 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
Dwarikesh Sugar Industries Buyback 2024 Lead Managers
- Centrum Capital Limited
Dwarikesh Sugar Industries Company Address
Dwarikesh Sugar Industries Limited
Dwarikesh Nagar
Dist. Bijnor
246 762,
Phone: 01343-267061
Email: [email protected]
Website: https://www.dwarikesh.com
How to Apply the Dwarikesh Sugar Industries 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 “Dwarikesh Sugar Industries “. Click on Place Order. Enter your Quantity and submit Dwarikesh Sugar Industries Application Form.
How to Apply the Dwarikesh Sugar Industries through Upstox?
Log in to Upstox Application with your credentials. Select the Dwarikesh Sugar Industries . You will see the Company Name “Dwarikesh Sugar Industries “. Click on Dwarikesh Sugar Industries Stock for Buyback. Enter your Quantity and submit Dwarikesh Sugar Industries Application Form.
How to Apply the Dwarikesh Sugar Industries through Dwarikesh Sugar Industries Paytm Money?
Log in to Paytm Money Application with your credentials. Select the Dwarikesh Sugar Industries . Enter your Quantity and submit Dwarikesh Sugar Industries Application Form.
