Founded in 1933, Dhampur Sugar Mills Limited specializes in the integrated processing of sugarcane. The company is involved in the production and sale of sugar, chemicals, ethanol, and power co-generation.
The company uses by-products such as bagasse and molasses in its distillery and co-generation activities while producing sugar.
The Dhampur Group possesses and runs two sugarcane crushing complexes that are fully integrated, with different capacities.
Dhampur Sugar Mills Buyback 2024 Detail
| Issue Period | |
| Security Name | Dhampur Sugar Mills Ltd |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 1,000,000 (1.5 % of Total number of equity Shares) |
| Issue Size (Amount) | ₹30.00 Crores |
| Buyback Price | ₹300 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
Dhampur Sugar Mills Buyback 2024 Issue Timetable
| Last Date to buy shares | January 16, 2024 |
| Record Date | January 17, 2024 |
| Offer Opens On | |
| Last Date for receipt of Tender Forms | |
| Offer Closes On * | |
| Finalisation of Buyback Acceptance | |
| Last Date for settlment of bids | |
| Last Date for Extinguishment of Shares |
Buyback Ratio
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Company Financials
Dhampur Sugar Mills Ltd Financial Information (Restated Consolidated)
Dhampur Sugar Mills Ltd’s revenue increased by 32.93% and profit after tax (PAT) rose by 9.69% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,121.65 | 2,164.82 | 3,470.80 |
| Revenue | 2,889.50 | 2,173.62 | 2,245.03 |
| Profit After Tax | 157.99 | 144.03 | 198.62 |
| Net Worth | |||
| Reserves and Surplus | |||
| Total Borrowing | |||
| Amount in ₹ Crore | |||
Necessity of the Issue
The buyback is undertaken for the following reasons:
- The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares thereby, enhancing the overall return to shareholders;
- The Buyback, which is being implemented through the tender offer route as prescribed under the SEBI Buyback Regulations, would involve the allocation of several Equity Shares as per their entitlement or 15% of the number of Equity Shares to be repurchased whichever is higher, reserved for the small shareholders. The Company believes that this reservation for small shareholders would benefit a large number of public shareholders, who would get classified as “small shareholders” as per Regulation 2(i)(n) of the SEBI Buyback Regulations;
- The Buyback may help in improving return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders’ value; and
- The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash instead of Equity Shares to be accepted under the Buyback offer or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer, without additional investment.
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Company Contact Information
Dhampur Sugar Mills Ltd
6th Floor, Max House
Okhla Industrial Estate,
Phase III New Delhi – 110020
Phone: +91 011-41259400
Email: investordesk@dhampursugar.com
Website: https://www.dhampursugar.com/