The buyback offer of Shaym Century Ferrous Limited, a small-cap chemical company, has opened today and will remain open till November 9, 2022. The company had announced a record date for this. buyback of shares As on 27th September 2022, which means those who had scissors of this company on 27th September 2022 are eligible to apply for this buyback offer. In the category reserved for small shareholder, a shareholder will be eligible for 50 shares of the company for every 839 shares held on the buyback record date of Shyam Century Ferrous Ltd. However, in the general category for all other eligible shareholders, one shareholder will be eligible for 104 shares for every 2413 fully paid-up equity shares held on the record date. The buyback offer is expected to get a strong response as the offer is available at a premium of around 25 per cent.
“You are informed that the company has received approval from the Securities and Exchange Board of India (SEBI) for the buyback offer of the company. Letter for buy-back offer, as per SEBI (Buy-back of Securities) Regulations, 2018. The offer-off along with tender form and Form SH-4 (for physical shareholders) have been sent through permitted modes to the eligible shareholders holding equity shares as on the record date i.e. September 27, 2022,” Shyam Century Ferrous Ltd said in its latest statement. Informed in one of the exchange communications.
Here we list the important Shyam Century buyback issue details in 10 points:
1]Shyam Century Buyback Price: Small-cap company has offered to buy shares of the company 28 per equity share.
2]Shyam Century Buyback Premium: The company’s share price is approx. 22 more is built on offer 28. Hence, the buyback offer is available at a premium of around 25 per cent.
3]Shyam Century Buyback Record Date: The company had set the buyback record date as 27th September 2022, which means that those who are part of the company on 27th September 2022 are eligible to apply for this offer.
4]Shyam Century Buyback Issue Size (Amount): Small-cap company aims to buy shares from its shareholders 28 crores from its reserves.
5]Shyam Century Buyback Issue Size (Shares): The small-cap company will release an additional 1 crore paid-up capital of the company from its reserves to reward its long-term investors who apply for the proposal.
6]Finalization of Buyback Acceptance: Finalization of buyback bid acceptance is scheduled on 17 November 2022.
7]Last date for settlement of bids: The small-cap company has fixed November 18, 2022 as the last date for settlement of buyback bids.
8]Buyback Type: The chemical company has announced buyback of shares through tender.
9]Buyback Eligibility Ratio: In the category reserved for small shareholders, the eligibility ratio has been fixed at 50 equity shares out of every 839 shares held on the record date. In the general category for all other eligible shareholders, the eligibility ratio has been fixed at 104 shares out of every 2413 shares held on the buyback record date.
10]Shyam Century Share Price: The share price of the small-cap company ended at 22.30 Monday Muhurta trading session.
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