09-Jan-2024
2 mins read
Chambal Fertilisers and Chemicals Ltd board of directors has announced a share buyback at a price of Rs 450 per share. They have set the record date for this share buyback as January 18, 2024, which falls on the upcoming Thursday. During their meeting on Monday, the board gave their approval for this share repurchase, which will be conducted through the tender route.
Chambal Fertilisers and Chemicals Limited Company Details
Established in 1985 by the KK Birla Group, Chambal Fertilisers and Chemicals Ltd is a leading agrochemical manufacturer in India, headquartered in Kota, Rajasthan. As one of India’s foremost private-sector producers of fertilisers, the company specialises in producing urea across its three plants located in the Gadepan region of Kota. Besides urea, Chambal Fertilisers and Chemicals Ltd also distribute a range of other agricultural products, including di-ammonium phosphate (DAP) and muriate of potash.
The company’s annual urea production exceeds 3.4 million metric tons, constituting about 15% of India’s total urea production. Chambal Fertilisers and Chemicals Ltd serves a significant portion of the agricultural sector in India, covering ten states across the northern, eastern, central, and western regions. It is a key fertiliser supplier in Rajasthan, Madhya Pradesh, Punjab, and Haryana, supported by a vast marketing network that includes 15 regional offices, over 2,200 dealers, and around 22,000 outlets at the village level.
The company’s commitment to safety, quality, and environmental standards has been recognised with multiple awards and certifications. These accolades include the prestigious Sword of Honour award from the British Safety Council for two consecutive years and certifications like ISO 14001 for Environment Management, ISO 9001 for Quality Management, and OHSAS 18001 for Occupational Health and Safety Management.
Company Financials of Chambal Fertilisers and Chemicals Limited (In Rs Crore)
Between the fiscal year ending March 31, 2022, and March 31, 2023, Chambal Fertilisers and Chemicals Limited experienced a significant revenue growth of 73.42%, while its profit after tax (PAT) saw a decrease of 16.92%.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 12,513.64 | 13,012.33 | 10,226.97 |
| Revenue | 28,031.85 | 16,164.39 | 12,788.92 |
| Profit After Tax | 1,069.31 | 1,287.12 | 1,347.04 |
| Net Worth | |||
| Reserves and Surplus | 6,778.76 | 6,021.19 | 5,106.12 |
| Total Borrowing |
Important Details of Chambal Fertilisers and Chemicals Limited Buyback 2024
| Issue Period | January 24, 2024 – January 31, 2024 |
| Security Name | Chambal Fertilisers and Chemicals Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 15,555,555 (3.74 % of Total number of equity Shares) |
| Issue Size (Amount) | Rs 700 Crores |
| Buyback Price | Rs 450 per share |
| Face Value | Rs 10 per share |
| Listing At | BSE, NSE |
Tentative Timetable of Chambal Fertilisers and Chemicals Buyback 2024
| Last Date to buy shares | 17-Jan-24 |
| Record Date | 18-Jan-24 |
| Offer Opens On | January 24, 2024 |
| Last Date for receipt of Tender Forms | January 31, 2024 |
| Offer Closes On | January 31, 2024 |
| Finalisation of Buyback Acceptance | February 6, 2024 |
| Last Date for settlment of bids | February 7, 2024 |
| Last Date for Extinguishment of Shares | February 16, 2024 |
The Necessity of the Chambal Fertilisers and Chemicals Limited Buyback 2024
The necessity of the Chambal Fertilisers and Chemicals Limited Buyback is January 24, 2024 – January 31, 2024.
Lead managers for Chambal Fertilisers and Chemicals Limited Buyback 2024
How to Apply for Chambal Fertilisers and Chemicals Limited Buyback
Wait for the buyback to open for subscription, then click on this link to apply for the Chambal Fertilisers and Chemicals Limited Buyback 2024 with Bigul https://www.bonanzaonline.com/.
How to Check the Allotment Status of Chambal Fertilisers and Chemicals Limited Buyback
The registrar for Chambal Fertilisers and Chemicals Limited Buyback 2024 is Link Intime India Private Ltd. Click here to check allotment.
FAQs
- What is the Chambal Fertilisers and Chemicals Limited Buyback?
The buyback is an offer by Chambal Fertilisers and Chemicals Limited to repurchase its shares from shareholders at Rs 450 per share. This is a tender offer involving 15,555,555 shares, amounting to Rs 700 crores.
- When is the record date for the buyback?
The record date is set for January 18, 2024. Shareholders who own shares on or before January 17, 2024, will be eligible for the buyback offer.
- What is the face value of each share in this buyback?
The face value of each share in this buyback is Rs 10 per share.
- How can I apply for this buyback?
To apply, wait for the buyback to open for subscription and then apply through the link at Bigul: https://www.bonanzaonline.com/.
- What is the purpose of the Chambal Fertilisers and Chemicals Limited Buyback?
The Buyback will help Chambal Fertilisers to improve the capital structure of the company. The financial ratio’s like Earning per share (EPS) Return on Equity will improve (ROE). Moreover, the Buyback will also help the company to return the surplus cash to its equity shareholders.
- Who will manage the buyback process?
The lead manager for the Chambal Fertilisers and Chemicals Limited Buyback is Axis Capital Limited.
- How will I know if my shares are accepted in the buyback and how to check the allotment status?
Once the registrar for the buyback is announced, shareholders can check their allotment status through the registrar’s website. Updates will be provided as they become available.
- Where are the shares of Chambal Fertilisers and Chemicals Limited listed?
The shares are listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).