Cheviot Company Limited Buyback: Important details investors should know

Cheviot Company Limited Buyback: Important details investors should know

Cheviot Company plans to buy back 175,000 of its own shares. This represents the availability of about 2.91% of the total free float market shares in the market. The company intends to offer the issue type as a tender offer. In this offer, Cheviot Company is willing to purchase its shares from existing shareholders at a fixed price of Rs 1800 per share. The total value of this buyback is Rs 31.50 Cr, which is the amount the company is willing to spend to acquire these shares. Share buybacks are often initiated by companies to return value to shareholders or demonstrate confidence in their own financial health. In this case, Cheviot Company is making a formal offer to buy a specific number of its shares at a specified price from the market.

Details of Cheviot Company Limited

Cheviot Company Ltd, established in 1897, excels at making jute products and fabrics for both local and international markets. It produces superior quality industrial jute fabrics, mainly meant for export, from its two modern manufacturing plants. The main manufacturing unit is located at 19 Mehta Road, Bade Kalinagar, Budge Budge - 700137, while another one lies within Sector II of the Falta Special Economic Zone, Falta 24-Parganas (South), both situated in West Bengal, India. Cheviot Company Limited consistently invests in modernising its manufacturing processes to maintain the standards of quality and efficiency. This commitment has resulted in a strong global clientele that depends on Cheviot's jute fabrics. The company's success is also attributed to a skilled workforce that employs stringent quality control measures as well as sustainable production practices. Cheviot continues to lead the way in the jute industry due to its emphasis on high-quality products and innovative thinking, thus contributing to the economic growth of West Bengal as well as bolstering Indian influence on the world jute market frontage.

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Company’s Financials of Cheviot Company Limited (Amt In Crore)

The company reported its net revenue of 574.31 crore and Profit after Tax of 54.46 crore for the year ended March 31, 2023, and net revenue of 593.63 crore and 79.35 crore for the year ended March 31, 2022. Cheviot Company Limited witnessed a 3.25% decline in revenue and a 31.37% decline in profit after tax, respectively.

Cheviot Company Limited Buyback details

Timetable of Cheviot Company Buyback 

Lead Managers for Cheviot Company Limited Buyback 2024

The lead manager for Cheviot Company Limited's Buyback has not yet been announced.

How to Apply for Cheviot Company Limited Buyback

Once buyback is open for subscription, you can click here to apply for the Cheviot Company Limited Buyback with Bigul.

How to Check Allotment Status for Cheviot Company Limited Buyback 2024

The registrar of Cheviot Company Limited's Buyback has not yet been declared. You can check your allotment once the company announces its registrar.

FAQs

1.     How many shares is Cheviot Company Limited planning to buy back?

Cheviot Company Limited plans to repurchase its 175,000 equity shares, which represents 2.91% of the total number of equity shares of the company.

2.     What is the last date for buying shares to be eligible for the buyback?

The last date to purchase shares to be eligible for the buyback is June 13, 2024.

3.     What is the buyback price for Cheviot Company Limited shares? 

Cheviot Company Limited set a buyback price of Rs 1800 per share.

4.     What is the record date for the Cheviot Company Limited buyback?

The record date of the Cheviot Company Buyback is reported as June 14, 2024.

5.     How has the company performed financially?

The company reported its net revenue of 574.31 crore and Profit after Tax of 54.46 crore for the year ended March 31, 2023, and net revenue of 593.63 crore and 79.35 crore for the year ended March 31, 2022. Cheviot Company Limited witnessed a 3.25% decline in revenue and a 31.37% decline in profit after tax, respectively.

6.     Where will the Cheviot Company Limited shares be listed?

The shares are listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

7.     Who is the lead manager for the Cheviot Company Limited buyback?

The lead manager for Cheviot Company has not yet been announced.

8.     How can I apply for the Cheviot Company Limited buyback?

Wait for the buyback to open for subscription, then click here to apply for the Cheviot Company Limited Buyback 2024 with Bigul.

9.     How do I check my allotment status for the Cheviot Company Limited buyback?

The registrar of Cheviot Company Limited Buyback is not yet declared. You can check your allotment status once company announces its registrar.

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