Navneet Education Buyback will open for subscription from 07 June 2021. the company aims or an issue size of ₹50 Crores through this buyback issue.
Navneet Education Limited
NEL is India’s most loved and preferred brand for educational content and a dominant player in the field of publishing. The Company manufactures stationery, general books, and books for children in multiple Indian and foreign languages. It is also engaged in the management of ‘The Orchid International School.’
The Company has its manufacturing units situated at Dantali, Silvassa, Khaniwade, and warehouses at Khaniwade, Silvassa, and at Ghuma Gujarat where finished goods are stored.
Vikas workbooks, Gala practice books, Grafalco pre-primary books, YOUVA full-scapes, TOPClass digital educational solution, and TOPScorer e-learning techniques are the popular products and prominent brands owned by the Company.
Necessity of the Issue
- Return surplus cash to the shareholders and enhance overall return to the shareholders.
- Improve Return on Equity and Earnings per share and thereby enhance shareholder value in the long term.
Navneet Education Buyback Details
| Issue Period | Jun 7, 2021 – Dec 6, 2021 |
| Security Name | Navneet Education Limited |
| Issue Type | Open Market Through Stock Exchange |
| Issue Size (Amount) | ₹50.00 Crores |
| Buyback Price | ₹100 per share |
| Face Value | ₹2 per share |
| Listing At | BSE, NSE |
Company Financials
| Particulars | For the year/period ended (Rs. in Millions) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Income | 8,482.20 | 15,344.70 | 1,4619.30 |
| Profit After Tax | 559.10 | 1,972.40 | 1,528.20 |
| Net Worth | 9,343.90 | 8,784.70 | 7,916.00 |
Stock Market Data (for preceding 3 months)
BSE
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Apr-2021 | 85.1 | 72.85 | 77.53 |
| Mar-2021 | 95.1 | 79.5 | 85.15 |
| Feb-2021 | 91.8 | 80 | 84.09 |
NSE
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Month | High Price | Low Price | Average Price |
| Apr-2021 | 85.2 | 73.25 | 77.47 |
| Mar-2021 | 95.2 | 79.45 | 85.16 |
| Feb-2021 | 91 | 80.35 | 84.1 |
Navneet Education Buyback Registrar
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: rnt.helpdesk@linkintime.com
Website: http://www.linkintime.co.in
Company Contact Information
Navneet Education Limited
Navneet Bhavan, Bhavani Shankar Road,
Dadar (West), Mumbai – 400 028
Phone: +91 22 6662 6565
Email: secretarial@navneet.com
Website: https://www.navneet.com/
Final Thoughts
A buyback occurs when the issuing company pays shareholders the market value per share and re-absorbs that portion of its ownership that was previously distributed among public and private investors. subscribing for a buyback issue is purely a personal choice. make a detailed study before you make a decision on buyback issue subscription.
Happy Investing