13-Mar-2024
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Dwarikesh Sugar Industries Buyback is a tender offer, and the issue size is of 3,000,000 equity shares at price of Rs 105 per share, amounting up to Rs 31.50 crores. The issue is 1.59% of the total number of equity shares. The face value is at Rs 1 per share. The buyback issue period has yet to be announced. The last date to buy shares is Tuesday, March 19, 2024 and the record date is Wednesday, March 20, 2024. The lead managers handling the buyback is yet to be announced. Also, the registrar is yet to be announced. On Tuesday, March 12, 2024, Dwarikesh Sugar Industries share price was trading at Rs 81.25 per share.
About Dwarikesh Sugar Industries Limited
Dwarikesh Sugar Industries is a 3 decade old company incorporated in 1993, engaged in the business of sugar. It operates through a sugar plant in Uttar Pradesh, India. Dwarikesh Sugar company generates revenue from selling sugar, molasses, ethanol and sanitizer. Company is the market leader in the sugar industry, it is a multifaceted, diversified industrial group engaged in manufacture of finest grains of sugar as well as allied products. The company value chain extends across states of manufacturing facilities which are equipped with a combined capacity of 21,500 tons of sugar per day. Company owns three plants that can crush 21,500 TCD of sugarcane per day. Dwarikesh also produces 96 MW of power. Moreover, the company's two distilleries can make 337.5 kilo litres per day.
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Necessity of the Dwarikesh Sugar Industries Buyback
Necessity details of the Dwarikesh Sugar Industries Buyback is yet to be announced.
Financials of Dwarikesh Sugar Industries Limited (Amt in Rs Crores)
The company reported a revenue of Rs 2,117 crore and net profit of Rs 104.81 crores for the FY ended on 31 March 2023. Dwarikesh Sugar revenue increased by 7.07% and profit after tax declined by 32.47% between the FY ending with 31 March 2023 and 31 March 2022.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 1,280.01 | 1,419.54 | 1,445.44 |
| Revenue | 2,117.00 | 1,977.23 | 1,845.94 |
| Profit After Tax | 104.81 | 155.22 | 91.54 |
| Reserves and Surplus | 722.59 | 655.44 | 561.42 |
| Total Borrowing | 371.89 | 523.31 | 608.47 |
Essential Details of Dwarikesh Sugar Industries Buyback
| Issue Period | Not yet announced |
| Security Name | Dwarikesh Sugar Industries Limited |
| Issue Type | Tender Offer |
| Issue Size in terms of shares | 3,000,000 |
| Issue Size (Amt) | Rs 31.50 cr |
| Buyback Price | Rs 105 per share |
| Face Value | Rs 1 per share |
| Listing At | BSE, NSE |
Time-Table For Dwarikesh Sugar Industries Buyback
| Last Date to buy shares | 19-Mar-24 |
| Record Date | 20-Mar-24 |
| Offer Opens On | Not yet announced |
| Last Date for receipt of Tender Forms | Not yet announced |
| Offer Closes On | Not yet announced |
| Finalisation of Buyback Acceptance | Not yet announced |
| Last Date for settlement of bids | Not yet announced |
| Last Date for Extinguishment of Shares | Not yet announced |
The Necessity of the Dwarikesh Sugar Industries Buyback
The necessity of this buyback has yet to be announced. Stay updated for future updates.
Lead managers for Dwarikesh Sugar Industries Buyback
Lead managers of the Dwarikesh Sugar Industries Limited Buyback 2024 have not been declared yet.
How do you apply for Dwarikesh Sugar Industries Buyback?
Wait for the buyback to open for subscription, then click here to apply for the Dwarikesh Sugar Industries Buyback 2024 with Bigul.
How to Check the Allotment Status of Dwarikesh Sugar Industries Buyback?
The registrar for Dwarikesh Sugar Industries Buyback 2024 is yet to be announced. Stay tuned with us for the updates.
FAQs
1. What is the Dwarikesh Sugar Industries Buyback, and what is its purpose?
Dwarikesh Sugar Industries Buyback is a tender offer, and the issue size is of 3,000,000 equity shares at price of Rs 105 per share, amounting up to Rs 31.50 crores. The buyback issue period has yet to be announced. The last date to buy shares is Tuesday, March 19, 2024 and the record date is Wednesday, March 20, 2024.
2. What are the details of the buyback offer?
The issue is 1.59% of the total number of equity shares. The face value is at Rs 1 per share. The buyback issue size is of 3,000,000 equity shares at price of Rs 105 per share, amounting up to Rs 31.50 crores.
3. When will the Dwarikesh Sugar Industries Limited Buyback open, and how can I apply?
The exact opening date of the buyback has not been announced yet. Once it is open, eligible shareholders can apply by clicking here with Bigul.
4. How do I check the allotment status of the Dwarikesh Sugar Industries Limited Buyback?
The registrar for the Dwarikesh Sugar Industries Limited Buyback is yet to be announced. Updates regarding the allotment status will be provided once the registrar is declared. Shareholders should stay tuned for further information.
5. Who can participate in the Dwarikesh Sugar Industries Limited Buyback?
All Dwarikesh Sugar Industries Limited shareholders holding the company shares on the record date, March 20, 2024 are eligible to participate in the buyback. This includes both retail and institutional investors.
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