Shervani Industrial Syndicate of ₹6.83 crores authorized through the board of administrators on the assembly used to be hung on February 23, 2024 Shervani Industrial Syndicate will likely be performed by the use of the Tender Offer path during the inventory trade mechanism. The board of administrators of the corporate authorized the buyback through the Company of its totally paid-up fairness stocks having a face worth of ₹10 every fairness proportion at a worth of ₹510 in line with Equity Share and for an combination quantity now not exceeding ₹6.83 crores from the shareholders. Check out Shervani Industrial Syndicate Buyback 2024 main points beneath:
Shervani Industrial Syndicate Limited used to be integrated in 1948 through Late M.R. Shervani. The corporate used to be engaged within the production of Geep emblem Torches & Drycell Batteries. Company’s Chairman is Mr Saleem Iqbal Shervani is Former Union Minister, Govt. of India and its Managing Director is Mr. Mustafa Rashid Shervani. The corporate has various its actions within the house of Real Estate. After a hit of completion of its maiden actual property mission “Sterling Apartments” at Muir Road, Prayagraj, now the Company is creating its personal land at Shervani Nagar, Sulem Sarai, Allahabad. The mission is called as “Shervani Legacy” which is a deliberate and duly authorized residential gated colony through the Prayagraj Development Authority with complete evolved infrastructure amenities and having residential plots, industrial house, Group Housing and School. Shervani Legacy campus is having approx. 50% open house which incorporates, Park, playground, pond for rain water harvesting and broad highway with pathways.
Shervani Industrial Syndicate History
Shervani Industrial Syndicate Buyback 2024 Dates
| Buyback Meeting Date: | February 23, 2024 |
| Buyback Announcement Date: | February 23, 2024 |
| Buyback Record Date: | March 07, 2024 |
| Last Date to Buy Shares: | March 6, 2024 |
| Buyback Open Date: | March 13, 2024 |
| Buyback Close Date: | March 20, 2024 |
| Finalization of Buyback Acceptance: | – |
Shervani Industrial Syndicate Buyback 2024 Offer Details
Shervani Industrial Syndicate of 134,000 fairness stocks at a value of ₹510 in line with fairness proportion. The buyback provides to not exceed ₹6.83 crores of the entire buyback be offering measurement.
| Offer Amount: | ₹6.83 Crores |
| Number of Shares: | 134,000 Equity Shares |
| Face Value: | ₹10 in line with fairness proportion |
| Buyback Price: | ₹510 in line with fairness proportion |
| Listing: | BSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
Shervani Industrial Syndicate Buyback 2024 Acceptance Ratio
The investor must purchase round 392 stocks at a present marketplace worth of ₹584 (as of date). The calculation will likely be ₹2,00,000 / 510 buyback worth = 392 stocks.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | – | – | – |
| 50% | – | – | – |
| 75% | – | – | – |
| 100% | – | – | – |
Shervani Industrial Syndicate Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹32 | ₹27 | ₹7 |
| 2022 | ₹9 | ₹12 | ₹-3 |
| 2023 | ₹27 | ₹23 | ₹24 |
How to Participate in Shervani Industrial Syndicate Buyback 2024
Firstly, to be eligible for the buyback the investor must have stocks of Shervani Industrial Syndicate in Demat or bodily shape as at the document date [07-03-2024].
Once you might have stocks in Demat, you’ll take part within the buyback procedure which is opening from [13-03-2024] through promoting your stocks via your dealer on NSE or BSE.
Then on [20-03-2024], the fee will likely be given to you for accredited stocks and unaccepted stocks will likely be returned for your Demat account.
Shervani Industrial Syndicate Buyback 2024 Registrar
To be up to date quickly
Shervani Industrial Syndicate Buyback 2024 Lead Managers
Shervani Industrial Syndicate Company Address
Shervani Industrial Syndicate Limited
Shervani Nagar, Sulem Sarai
Harwara,
Prayagraj-211015
Phone: 91-7311128115
Email: [email protected]
Website: http://www.shervaniind.com/
How to Apply the Shervani Industrial Syndicate via Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “Shervani Industrial Syndicate”. Click on Place Order. Enter your Quantity and publish Shervani Industrial Syndicate Application Form.
How to Apply the Shervani Industrial Syndicate via Upstox?
Log in to Upstox Application together with your credentials. Select the Shervani Industrial Syndicate. You will see the Company Name “Shervani Industrial Syndicate”. Click on Shervani Industrial Syndicate Stock for Buyback. Enter your Quantity and publish Shervani Industrial Syndicate Application Form.
How to Apply the Shervani Industrial Syndicate via Shervani Industrial Syndicate Paytm Money?
Log in to Paytm Money Application together with your credentials. Select the Shervani Industrial Syndicate. Enter your Quantity and publish Shervani Industrial Syndicate Application Form.
Shervani Industrial Syndicate Buyback 2024 FAQs
When is Shervani Industrial Syndicate Buyback 2024 Record Date?
Shervani Industrial Syndicate Buyback 2024 document date is March 07 2024.
When is Shervani Industrial Syndicate Buyback 2024 Open Date?
What is Shervani Industrial Syndicate Buyback 2024 Price?
How to use for Shervani Industrial Syndicate Buyback 2024?
– Source : IPOWATCH