Cosmo First Limited is a notable producer of specialty films, catering to packaging, lamination, and labeling applications. The company has not only excelled in its core domain but has also embarked on ambitious ventures into Specialty Chemicals and Pet Care, with a goal of revolutionizing these previously disjointed sectors.
The company’s product range encompasses high-barrier films, velvet lamination, and synthetic paper.
With the passage of time, Cosmo First Limited has undertaken impressive forays into specialty chemicals, consumer care, and direct-to-consumer retail, demonstrating its determination to lead the transformation of these previously segmented industries.
Cosmo Films Ltd. Stock Quote #
- Open: ₹660.50
- High – Low: ₹664.90 – ₹623.00
- Previous Close: ₹668.95
- Total Traded Value: 2,29,210
- 52 Weeks High: ₹937.00 (Aug 17, 2022)
- 52 Weeks Low: ₹550.05 (Mar 27, 2023)
- Updated On: Aug 11, 2023 4:00 PM
Cosmo First Buyback Detail #
| Issue Period | Jan 27, 2023 – Feb 9, 2023 |
| Security Name | Cosmo First Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 1,009,345.00 |
| Issue Size (Amount) | ₹108.00 Crores |
| Buyback Price | ₹1070 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
Cosmo First Buyback Issue Timetable #
| Last Date to buy shares | Dec 12, 2022 |
| Record Date | Dec 14, 2022 |
| Offer Opens On | Jan 27, 2023 |
| Last Date for receipt of Tender Forms | Feb 9, 2023 |
| Offer Closes On * | Feb 9, 2023 |
| Finalisation of Buyback Acceptance | Feb 17, 2023 |
| Last Date for settlment of bids | Feb 20, 2023 |
| Last Date for Extinguishment of Shares | Feb 27, 2023 |
Buyback Ratio #
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 8 Equity Shares out of every 121 Fully paid-up Equity Shares held on the Record Date. | 151,402.00 |
| General Category for all other Eligible Shareholders | 29 Equity Shares out of every 844 Fully paid-up Equity Shares held on the Record Date. | 857,943.00 |
Company Financials #
| Period Ended | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 2222.99 | 113.44 | 726.63 | 707.19 | 789.45 |
| 31-Mar-21 | 2322.92 | 136 | 841.19 | 823.02 | 760.29 |
| 31-Mar-22 | 3086.71 | 396.61 | 1175.43 | 1157.26 | 810.05 |
| 30-Sep-22 | 1638.91 | 166.53 | 1332.6 | 1305.34 | 839.16 |
| Amount in ₹ Crore | |||||
Stock price at BSE (in preceding 3 months) #
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Nov-2022 | 814.20 | 657.95 | 738.71 |
| Oct-2022 | 899.30 | 728.05 | 812.91 |
| Sep-2022 | 929.90 | 837.05 | 880.26 |
Stock price at NSE (in preceding 3 months) #
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Nov-2022 | 815.00 | 658.10 | 738.94 |
| Oct-2022 | 895.55 | 728.80 | 812.42 |
| Sep-2022 | 925.00 | 837.00 | 880.57 |
Necessity of the Issue #
The buyback is being undertaken for the following reason:
- The Buyback will improve financial ratios like earnings per share, return on capital employed and return on equity, calculated on the basis of financial statements, by reduction in the equity basis of the Company, thereby leading to long term increase in shareholders’ value.
- The Buyback will help in achieving an optimal capital structure.
- The Buyback will help the Company to distribute surplus cash to the Eligible Shareholders broadly in proportion to their shareholding, thereby, enhancing their overall return.
Cosmo First Buyback Documents #
Company Contact Information #
Cosmo First Limited
1008, DLF Tower
– A, Jasola District Centre
New Delhi – 110 025Phone: +91-11-49 49 49 49
Email: info@cosmofirst.com
Website: https://www.cosmofirst.com/
1008, DLF Tower
– A, Jasola District Centre
New Delhi – 110 025Phone: +91-11-49 49 49 49
Email: info@cosmofirst.com
Website: https://www.cosmofirst.com/
Cosmo First Buyback Registrar #
- Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083Phone: +91-22-4918 6270
Email: cosmofirst.buyback2022@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Cosmo First Buyback Manager #
Lead Manager(s)
Registered Broker
- Anand Rathi Share & Stock Broker Limited
Email: roshanmoondra@rathi.com
