Incorporated in 2011, Shyam Century Ferrous Limited is engaged in the production of Ferro-Silicon, one of Ferro-Silicon, one of the major raw ingredients of Stainless steel and small quantities in Mild Steel i.e. MS steel. The Company has a plant located at Byrnihat, Meghalaya near Guwahati with a production capacity of around 21,000 MT approx of Ferro-Silicon annually.
The strategic location in North-East India gives the Company advantageous exposure to abundant raw materials like Coal, Lam Cole and Quartz in the nearby vicinity. Besides Ferro-Silicon, the Company also has the facility to produce Silico-Manganese and other Ferro-alloys.
Shyam Century Ferrous Ltd Stock Quote & Charts
21.85
-0.50 (-2.24%)
- Open: 22.6
- High – Low: 22.6 – 21.65
- Previous Close: 22.35
- Total Traded Value: 189492
- Updated On: 10/28/2022 4:00 PM
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Shyam Century Ferrous Buyback Detail
| Issue Period | Oct 25, 2022 – Nov 9, 2022 |
| Security Name | Shyam Century Ferrous Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 1.00 Crores |
| Issue Size (Amount) | ₹28.00 Crores |
| Buyback Price | ₹28 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
Shyam Century Ferrous Buyback Issue Timetable
| Offer Opens On | Oct 25, 2022 |
| Offer Closes On | Nov 9, 2022 |
| Record Date | Sep 27, 2022 |
| Last Date for receipt of Tender Forms | Nov 10, 2022 |
| Finalisation of Buyback Acceptance | Nov 17, 2022 |
| Last Date for settlment of bids | Nov 18, 2022 |
| Last Date for Extinguishment of Shares | Nov 25, 2022 |
Buyback Ratio
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 50 Equity Share out of every 839 Fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 104 Equity Shares out of every 2413 Fully paid-up Equity Shares held on the Record Date. |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 131.18 | 89.14 | -0.03 | 54.32 | 32.1 | 1.22 |
| 31-Mar-21 | 134.74 | 135.68 | 2.81 | 57.13 | 34.92 | 4.65 |
| 31-Mar-22 | 212.5 | 56.86 | 114.01 | 91.8 | 0.43 | |
| Amount in ₹ Crore |
Stock price at BSE (in preceding 3 months)
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Aug-2022 | 23.8 | 19.7 | 21.76 |
| Jul-2022 | 24.55 | 19.25 | 21.95 |
| Jun-2022 | 25.85 | 18.4 | 21.61 |
Stock price at NSE (in preceding 3 months)
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Aug-2022 | 23.8 | 19.75 | 21.76 |
| Jul-2022 | 24.55 | 19.3 | 21.97 |
| Jun-2022 | 25.65 | 18.35 | 21.61 |
Necessity of the Issue
Necessity of the buyback :
1. The Buyback will help the Company to distribute surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
2. The Buyback would help in improving return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders’ value;
3. The Buyback would help in optimizing the capital structure.
Shyam Century Ferrous Buyback Documents
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Company Contact Information
Shyam Century Ferrous Limited
Village: Lumshnong, Khaliehriat,
East Jaintia Hills,
793210
Phone: +91-33 24015555
Email: investors@shyamcenturyferrous.com
Website: http://shyamcenturyferrous.com/