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Jun 2, 2022 - Jun 15, 2022

Sarda Energy & Minerals Limited Buyback (Sarda Energy & Minerals Buyback) Detail

Incorporated in 1973, Sarda Energy & Minerals Limited is a manufacturer and exporter of Steel and Ferro Alloys. The company produces Sponge Iron, Billets, Ferro Alloys, Manganese ore, Thermal and Solar Power, Pellets, Iron Ore, Wire Rod Mill, Eco Bricks, etc. Sarda Energy & Minerals Limited is headquartered in Raipur, Chhattisgarh.

Sarda Energy & Minerals Limited has a DRI capacity of 360,000 MT per year, a crude steel capacity of 240,000 MTPA and an annual production capacity of 82,500 MT.

Sarda Energy & Minerals Limited (SEML) has customers in more than 60 countries, both domestically and internationally. SEML is one of India's top exporters of Ferro Alloys.

Sarda Energy & Minerals Buyback Detail

Issue PeriodJun 2, 2022 - Jun 15, 2022
Security NameSarda Energy & Minerals Limited
Issue TypeTender Offer
Issue Size (Shares)0.08 Crores
Issue Size (Amount)₹121.67 Crores
Buyback Price₹1500 per share
Face Value₹10 per share
Listing AtBSE, NSE

Sarda Energy & Minerals Buyback Issue Timetable

Offer Opens OnJun 2, 2022
Offer Closes OnJun 15, 2022
Record DateMay 6, 2022
Last Date for receipt of Tender FormsJun 15, 2022
Finalisation of Buyback AcceptanceJun 24, 2022
Last Date for settlment of bidsJun 27, 2022
Last Date for Extinguishment of SharesJul 4, 2022

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 101 Equity Share out of every 823 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 6 Equity Share out of every 299 Fully paid-up Equity Shares held on the Record Date.

Company Financials

Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Crores)
  31-Dec-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Income 2,871.85 2,343.27 1983.22 2340.74
Profit After Tax 603.52 376.42 135.54 207.13
Net Worth 2,789.34 2221.25 1867.39 1743.43
Reserves and Surplus 2,753.29 2185.20 1831.34 1707.38

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Mar-2022 1195.6 847.7 1058.66
Feb-2022 959.45 730 843.03
Jan-2022 875 758 807.21

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Mar-2022 1197.6 845.05 1059.86
Feb-2022 960 727.05 843.9
Jan-2022 877 756.8 807.47

Necessity of the Issue

The buyback is being undertaken for the following reasons:

1. The Buyback will help the company to distribute surplus cash to its shareholders holding Equity shares broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders.

2. The Buyback would help in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the company.

Sarda Energy & Minerals Buyback Documents

Sarda Energy & Minerals Buyback Rating

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Company Contact Information

Sarda Energy & Minerals Limited
Industrial Growth Center,
Siltara,
RAIPUR – 493 111

Phone: 91-771-2216000
Email: cs@seml.co.in
Website: https://www.seml.co.in/

Sarda Energy & Minerals Buyback Registrar

  1. Bigshare Services Pvt Ltd
       1st Floor, Bharat Tin Works Building,
       Opp. Vasant Oasis,Makwana Road,
       Marol, Andheri(E), Mumbai - 400 059

    Phone: +91-22-6263 8200
    Email: arvind@bigshareonline.com
    Website: http://www.bigshareonline.com

Sarda Energy & Minerals Buyback Manager

Lead Manager(s)

  1. Hem Securities Limited

Registered Broker

  1. Hem Finlease Private Limited
    Email: ib@hemsecurities.com

Find Sarda Energy & Minerals Buyback Latest Update


6 Comments

6. Rajkumar Bhuj   I Like It. | Report Abuse |   Link | Apr 28, 2022 11:34:36 AM Reply
1.2L shares will be bought from Retail
47L shares are being held by Retails (under 2L)

Chances of acceptance are pretty small... If you have many accounts, like I do, you can buy 1 share in each account and earn 20% ;)
6.5. Manoj   I Like It. | Report Abuse |   Link | May 14, 2022 5:44:48 PM
Hi Rajkumar, prace - i have 2 accounts of me and in both has 1 share each, will 1 share from both d accounts be accepted. Like u said we can apply from multi accounts, hence checking.
6.6. Komal Jain   I Like It. | Report Abuse |   Link | May 25, 2022 6:52:52 AM
Are the buyback dates disclosed?
5. Srinivas   I Like It. | Report Abuse |   Link | May 4, 2022 1:17:53 PM Reply
Can we buy today for record date 6th
in ICICI direct
5.1. pRACE   I Like It. | Report Abuse |   Link | May 4, 2022 4:17:24 PM
yes sure, price is 1226 at 3pm, just buy it and you will get 370 rs profit per 1 share in each account, buy in multiple accounts as 1 share will definitely accepted
4. KAMMA SIVA RAMA KRISHNA   I Like It. | Report Abuse |   Link | May 1, 2022 7:17:40 PM Reply
Placed Buy order for 60 shares @ Rs. 1180.15.
I hope that the order will be executed. Even if it is not, no problem. Thank you.
3. SARIT   I Like It. | Report Abuse |   Link | Apr 27, 2022 2:28:10 PM Reply
Today it has come down to 1190.
Buy
2. Value.Investor   I Like It. | Report Abuse |   Link | Apr 27, 2022 10:11:08 AM Reply
What is expected ER & AR? is it good to buy at current price?
1. pRACE   I Like It. | Report Abuse |   Link | Apr 26, 2022 3:17:33 PM Reply
looks good for atleast 20% gain at cmp of 1240 today on 26-04-22... i will deginately go for it...