26-Feb-2024
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Shervani Industrial Syndicate Limited Buyback is a tender offer, and the issue size is 1,34,000 equity shares at a price of Rs 510 per share, amounting up to Rs 6.83 crores. The issue is 9.94% of the total number of equity shares. The face value is at Rs 10 per share. The buyback issue period has yet to be announced. The lead managers handling the buyback is yet to be announced. Also, the registrar is yet to be announced. On Monday, February 26, 2024, Shervani Industrial Syndicate’s share price was Rs 614.50 per share.
About Shervani Industrial Syndicate Company
Shervani Industrial Syndicate was incorporated in 1948 and engaged in the real estate and infrastructure development sector. Company is based in India, engaged in real estate. Currently, they are focusing on a group housing project called Victoria Tower, located in Shervani Legacy at Prayagraj. Shervani Legacy campus covers around 50% of the open area consisting of parks, playgrounds, rainwater harvesting, etc. Shervani Industrial Syndicate completed several projects like Tara Towers, Sterling Apartments, Naman Homes, etc.
Necessity of the Shervani Industrial Syndicate Buyback
Necessity of the Buyback is yet to be announced.
Financials of Shervani Industrial Syndicate Limited (Amt in Rs Crores)
The company reported a revenue of Rs 28.11 crore and a net profit of Rs 23.63 crore for the period ending on 31 March 2023. The revenue increased by 183.11%, and profit after tax increased by 952.26% between FY ending with 31 March 2023 and 31 March 2022.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 185.39 | 219.6 | 264.04 |
| Revenue | 28.11 | 9.93 | 33.76 |
| Profit After Tax | 23.63 | -2.77 | 6.66 |
Essential Details of Shervani Industrial Syndicate Limited Buyback
| Issue Period | Yet to be announced |
| Security Name | Shervani Industrial Syndicate Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 134,000 equity shares |
| Issue Size (Amount) | Rs 6.83 Crore |
| Buyback Price | Rs 510 per share |
| Face Value | Rs 10 per share |
| Listing At | BSE |
Time-Table For Shervani Industrial Syndicate Limited Buyback
| Last Date to buy shares | not yet announced |
| Record Date | not yet announced |
| Offer Opens On | not yet announced |
| Last Date for receipt of Tender Forms | not yet announced |
| Offer Closes On | not yet announced |
| Finalization 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 Shervani Industrial Syndicate Limited Buyback
The necessity of this buyback has yet to be announced.
Lead managers for Shervani Industrial Syndicate Limited Buyback
Lead managers of the Shervani Industrial Syndicate Limited Buyback 2024 have not been declared yet.
How do you apply for Shervani Industrial Syndicate Limited Buyback?
Wait for the buyback to open for subscription, then click here to apply for the Shervani Industrial Syndicate Limited Buyback 2024 with Bigul.
How to Check the Allotment Status of Shervani Industrial Syndicate Limited Buyback?
The registrar for Shervani Industrial Syndicate Limited Buyback 2024 is yet to be announced. Stay tuned with us for the updates.
FAQs
- What is the Shervani Industrial Syndicate Limited Buyback, and what is its purpose?
Shervani Industrial Syndicate Limited Buyback is a tender offer with an issue size of 1,34,000 equity shares at a price of Rs 510 per share, amounting to Rs 6.83 crores. The issue is 9.94% of the total number of equity shares.
- What are the details of the buyback offer?
The issue is 9.94% of the total number of equity shares. The face value is at Rs 10 per share. The buyback issue period has yet to be announced.
- When will the Shervani Industrial Syndicate 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.
- How do I check the allotment status of the Shervani Industrial Syndicate Limited Buyback?
The registrar for the Shervani Industrial Syndicate 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.
- Who can participate in the Shervani Industrial Syndicate Limited Buyback?
All Shervani Industrial Syndicate Limited shareholders holding the company shares on the record date are eligible to participate in the buyback. This includes both retail and institutional investors.