Savita Oil Technologies Buyback

Savita Oil Technologies Buyback Details

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Savita Oil Technologies Buyback will open for subscription from 15 April 2021. the company aims for an issue size of ₹35.14 Crores through this buyback issue.

Savita Oil Technologies Limited 

Incorporated in July 1961 as Stauffer Chemicals Private Limited, the Company’s name was changed to Savita Oil Technologies Limited in May 2009 to reflect its core line of business activities. The Company is engaged in the manufacturing and marketing of petroleum specialty products like transformer oils, white oils, lubricating oils, industrial oils, greases, etc. Company has also set up several windmills (ranging in capacities from 350 KW to 1650 KW) in Maharashtra, Karnataka, and Tamil Nadu to generate wind energy.

The Company sells its products in the domestic and international markets. Savita Oil Technologies launched its lubricating oil brand SAVSOL in the retail domestic market in 2007. The Company supplies; Transformer Oil to most of the electricity boards and big transformer manufacturers, Lubricating Oils to most of the leading two-wheeler OEMs (Original Equipment Manufacturers), and White Oils to the top FMCG companies and has developed a niche for quality products over the years.

Objects of the Issue

  • To enhance the equity shareholders returns.
  • To improve financial ratios like earnings per share, return on equity, by reduction in the equity base.

Savita Oil Technologies Buyback Issue Timetable

Offer Opens On15 April 2021
Offer Closes On29 April 2021
Record Date05 March 2021
Last Date for receipt of Tender Forms03 May 2021
Finalisation of Buyback Acceptance07 May 2021
Last Date for settlment of bids10 May 2021
Last Date for Extinguishment of Shares17 May 2021

Savita Oil Technologies Buyback Details

Security NameSavita Oil Technologies Limited
Issue TypeTender Offer
Issue Size (Shares)0.03 Crores
Issue Size (Amount)₹35.14 Crores
Buyback Price₹1400 per share
Face Value₹10 per share
Listing AtBSE, NSE

Buyback Ratio

CategoryEntitlement Ratio of Buyback
Reserved Category for Small Shareholders1 Equity Shares out of every 21 Equity Shares held on the Record Date
General Category for all other Eligible Shareholders1 Equity Shares out of every 62 Equity Shares held on the Record Date

Company Financials

ParticularsFor the year/period ended (Rs. in Lakhs)
Total Income2,05,778.422,28,091.731,83,418.04
Profit After Tax9,564.2411,427.0112,619.59
Net Worth86,858.4785,160.4874,230.93

Stock Market Data (for preceding 3 months)


MonthHigh PriceLow PriceAverage Price


MonthHigh PriceLow PriceAverage Price
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Savita Oil Buyback Registrar

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083

Phone: +91-22-4918 6270

Company Contact Information

Savita Oil Technologies Limited
66/67, Nariman Bhavan,
Nariman Point,
Mumbai – 400021
Phone: +91-22-66246200

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

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