Suprajit Engineering Ltd. Buyback
Suprajit Engineering Buyback 2024
Tender Offer
₹750.00
Buyback price per shareAbout Suprajit Engineering Ltd. Buyback
Suprajit Engineering Private Limited, the company's name changed to Suprajit Engineering Limited in June 1995.
Suprajit Engineering Limited manufactures high-quality liner cables and light sources exacting to Japanese standards for the automotive industry. The company caters to a wide spectrum of automotive and non-automotive cable requirements. Suprajit Engineering is amongst the top five cable manufacturers in the world.
Suprajit Engineering Ltd. Buyback Details
Security Name
Suprajit Engineering Ltd.Buyback Price
₹750.00Face Value
₹1.00Listing at Group
BSE, NSELead Manager
Finshore Management Services LimitedBuyback Docs
Letter Of OfferIssue Size
1,500,000 (1.08 % of Total number of equity Shares)Suprajit Engineering Buyback 2024 Issue Timetable
| Last Date to buy shares | Record Date | Offer Opens On | Offer Closes On * |
| Aug 26, 2024 | Aug 27, 2024 | Sep 2, 2024 | Sep 6, 2024 |
| Last Date for receipt of Tender Forms | Finalisation of Buyback Acceptance | Last Date for settlement of bids | Last Date for Extinguishment of Shares |
| Sep 6, 2024 | Sep 12, 2024 | Sep 13, 2024 | Sep 24, 2024 |
Suprajit Engineering Ltd. Buyback Ratio
| Category | Entitlement Ratio of Buyback | Shares Offered |
| Reserved Category for Small Shareholders | 3/62 | 225000 |
| General Category for all other Eligible Shareholders | 1/105 | 1275000 |
Company Financials All values are in ₹ Cr.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Total Revenue | 2,790.99 | 1,877.12 | 1,674.45 |
| Total Borrowing | -- | -- | -- |
| Profit After Tax | 152.11 | 173.08 | 142.71 |
| Reserves And Surplus | 1,086.01 | 926.76 | 897.54 |
| Net Worth | -- | -- | -- |
| Total Assets | 2,434.52 | 1,738.53 | 1,713.27 |
How to Participate in Suprajit Engineering Ltd. Buyback?
1. Firstly, to be eligible for the buyback the investor should have shares of Suprajit Engineering Ltd. Buyback in Demat or physical form as on the record date Aug 27, 2024.
2. Once you have shares in Demat, you can participate in the buyback process which is opening from Sep 2, 2024 by selling your shares through your broker on BSE, NSE.
3. Then on Sep 24, 2024, the payment will be given to you for accepted shares and unaccepted shares will be returned to your Demat account.
Calculation of Investment in Suprajit Engineering Ltd. Buyback
Maximum market value of a share holder as on record date | ₹200,000.00 |
Buyback price per share | ₹750.00 |
Maximum share for small shareholders (200000/ 750) | 266.67 share |
Closing price of stock as of 2024-08-14 | ₹538.75 |
Maximum amount insted in buyback (₹538.75 x 266.6666666666667 shares) | ₹143,666.67 |
* No. of shares stands to change according to the closing price on the record date
* For simplicity, we have considered the price on date Aug 14, 2024
Expected Profit from the Suprajit Engineering Ltd. Buyback on the bases of acceptance Ratio:
Acceptance Ratio | 33% | 50% | 75% | 100% |
Amount Invested in Buyback | ₹143,666.67 | ₹143,666.67 | ₹143,666.67 | ₹143,666.67 |
No. of Shares Buyback | 88 | 133 | 200 | 266 |
Buyback Profit | 18590 | 28096 | 42250 | 56192 |
Profit% | 12.94% | 19.56% | 29.41% | 39.11% |
Suprajit Engineering Ltd. Buyback - Necessity of the Objective
The buyback will help the company return surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding.
The buyback consists of a reservation for the small shareholder. The company believes that this reservation for small shareholders would benefit many public shareholders who would be classified as small shareholders.
The buyback may help improve financial ratios like return on equity, by reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in place of Equity Shares or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer.
Suprajit Engineering Ltd. Buyback
No.100 & 101, Bommasandra Industrial Area, Bengaluru, -, 560 099Email: investors@suprajit.com
Phone: +91080-43421100
Website: https://suprajit.com/
Integrated Registry Management Services Private Limited
Email: gopi@integratedindia.in
Phone: 044 - 28140801 to 28140803
Website: https://www.integratedregistry.in/registrarstosta.aspx?od=1
