S H Kelkar Buyback 2021 Price With Record Date and Other Details

S H Kelkar buyback nearly 29,00,000 shares for about Rs.60.90 Crore. In a filing to the stock exchanges, S H Kelkarsaid it will buyback percent of the fully paid-up equity shares at a price of Rs.210/- per equity share.
The Board approved the proposal of S H Kelkar buyback of fully paid-up equity shares of face value 10 each of the Company for an amount not exceeding 60.90 Crores. S H Kelkar Buyback 2021 Size is being 61% of the aggregate of the total paid-up Equity Share capital and free reserves of the Company based on the latest standalone and consolidated audited financial statements of the Company respectively as of March 31, 2021. S H Kelkar Buyback 2021 price is 210 per Equity Share through the “tender offer” route, on a proportionate basis.
S H Kelkar Buyback

S H Kelkar Buyback 2021 Offer Details:

Buyback Type: Tender Offer
Buyback Record Date: Nov 12, 2021
Buyback Opening Date: 2021
Buyback Closing Date: 2021
Buyback Offer Amount: ₹60.90 Crore
Date of Board Meeting approving the proposal: Oct 29, 2021
Date of Public Announcement: Oct 29, 2021
Buyback Offer Size: 61%
Buyback Number of shares: 29,00,000
Price Type: Tender Route
FV: Rs.10
Maximum Buyback Price: ₹210 Per Equity Share

Details Of S H Kelkar Buyback

The Board approved the proposal of S H Kelkar & Company Limited buyback of fully paid-up equity shares of face value  10 each of the Company for an amount not exceeding  60.9 crores. S H Kelkar & Company Limited buyback is approximately 2.65% of the total paid-up equity share capital based on the audited standalone and consolidated financial statements of the Company respectively as of March 31, 2021. S H Kelkar & Company Limited buyback 2021 price is  Rs.210 per Equity Share through the “tender offer” route, on a proportionate basis.

Buyback Important Dates

In this section, we have covered all important dates related to “S H Kelkar Buyback Date”. Dates are updated as they are announced. The most noted dates are the S H Kelkar record date and  buyback open and close dates, which one should use to participate in the buyback.
Buyback Activity Date
Board Meeting for Buyback proposal Oct 29, 2021
Buyback Approval date Oct 292021
Public Announcement of Buyback Oct 29, 2021
Buyback Record Date Nov 122021
Buyback opens on/Buyback Opening Date 2021
Buyback closes on/Buyback Closing Date 2021
Cut-off date to receive completed tender forms by Registrar 2021
Cut-off date for verification by the Registrar 2021
Cut-off date to inform Stock Exchange on acceptance or
non-acceptance of tendered Equity Shares by Registrar
Last date of settlement of bids on the stock exchange 2021
Last date to return unaccepted shares by Registrar 2021
Last date of extinguishment of Equity Shares 2021

If anything you want to know about the buyback offer you can refer the S H Kelkar – buyback offer documents. Click Here

How to Participate in S H Kelkar buyback?

  1. Firstly to be eligible for the buyback the investor should have shares of S H Kelkar in Demat or physical form as on record date [Not Announced].
  2. Once you have shares in Demat, you can participate in the buyback process which is opening from [Not Announced] by selling your shares through your broker on NSE or BSE.
  3. Then on [Not Announced], the payment will be given to you for accepted shares and unaccepted shares will be returned to your Demat account.
Checkout Current S H Kelkar Shares market price on NSE and BSE: S H Kelkar

Profit from the buyback on the basis of acceptance Ratio:

Buy 952 Share at CMP of Rs.158 [2,00,000/210=952 )

Acceptance Ratio 33% 50% 75% 100%
Amount Invested in Buyback 1,50,416 1,50,416 1,50,416 1,50,416
No. of Shares buyback 314 476 714 952
BuyBack Profit 16,328 24,752 37,128 49,504
Profit% 10.80% 16.40% 24.60% 32.90%

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About S H Kelkar:

In 1922, Keva began as S.H. Kelkar and Co. and Saraswati Chemicals – a manufacturer of industrial perfumes in British India. Today, its fragrances and flavors are found in a number of bestselling brands in their respective product categories all over the world. Some of the fragrances developed by the company decades ago are still market leaders, reinforcing our belief that a commitment to quality and imaginative solutions can bring enduring success.

The company is now the leading fragrance manufacturer in India. Over the years, they’ve perfected the art of delivering the ideal sensorial solution for every market. Their knowledge and rich heritage earned it a number of distinguished awards and milestones, motivating and inspiring them to create more sensorial breakthroughs.



2.1   The Buyback is being proposed by the Company to service the equity more efficiently. Additionally, the Company’s management strives to increase equity shareholders value and the Buyback would result in amongst other things
a)   The Buyback is being done to return surplus funds, after taking into account the strategic and operational cash needs of the Company in the short to medium term
b)   The Buyback may help in improving earnings per share, return on equity, by a reduction in the equity base, thereby leading to a long term increase in shareholders’ value;
c)   The Buyback gives an option to the equity shareholders, who can either
(i) choose to participate and get cash in place of Equity Shares to be accepted under the Buyback; or
(ii) choose to not participate and enjoy a resultant increase in their percentage shareholding, post the Buyback, without additional investment;
d)   The Buyback, which is being implemented through the Tender Offer as prescribed under the Buyback Regulations, shall be from its existing securities holders on a proportionate basis per the provisions of Securities and Exchange Board of India (Buyback of Securities) Regulations, 2018: provided that fifteen percent of the number of securities which the Company proposes to Buyback or number of securities entitled as per their shareholding, whichever is higher, shall be reserved for small shareholders.

Company Contact Information

S.H. Kelkar And Company Private Limited

36, Devkaran Mansion,

Mangaldas Road, Mumbai,

Maharashtra 400002

Website:- https://www.keva.co.in/


S H Kelkar Buyback Registrar

C-101, 247 ParkLBS Marg, Surya Nagar,
Gandhi Nagar, Vikhroli (West),
Mumbai 400 083
Tel: (91 22) 4918 6200
Fax: (91 22) 4918 6195
E-mail: @linkintime.co.in
Investor grievance e-mail: @linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI registration number: INR000004058

S H Kelkar Buyback 2021 FAQs:

When is S H Kelkar Record Date?
S H Kelkar buyback 2021 record date is Nov 12, 2021.

What is the S H Kelkar Buyback Opening Date?
S H Kelkar buyback 2021 Opening date is not announced yet.

What is the S H Kelkar Buyback Closing Date?
S H Kelkar buyback 2021 Closing date is not announced yet.

When is S H Kelkar Buyback Announcement Date?
S H Kelkar buyback 2021 announcement Date is 29-Oct-2021.

What is S H Kelkar Buyback Price?
The company has fixed the maximum price of ₹210

How to apply for S H Kelkar Buyback 2021?
As per the record date you need to have S H Kelkar shares in your Demat account. You can participate in buyback after having the stock in your account.

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