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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.
| Issue Period | Jun 2, 2022 - Jun 15, 2022 |
| Security Name | Sarda Energy & Minerals Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 811,108.00 |
| Issue Size (Amount) | ₹121.67 Crores |
| Buyback Price | ₹1500 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Record Date | May 6, 2022 |
| Offer Opens On | Jun 2, 2022 |
| Last Date for receipt of Tender Forms | Jun 15, 2022 |
| Offer Closes On | Jun 15, 2022 |
| Finalisation of Buyback Acceptance | Jun 24, 2022 |
| Last Date for settlment of bids | Jun 27, 2022 |
| Last Date for Extinguishment of Shares | Jul 4, 2022 |
| 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. |
| 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 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Mar-2022 | 1,195.60 | 847.70 | 1,058.66 |
| Feb-2022 | 959.45 | 730.00 | 843.03 |
| Jan-2022 | 875.00 | 758.00 | 807.21 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Mar-2022 | 1,197.60 | 845.05 | 1,059.86 |
| Feb-2022 | 960.00 | 727.05 | 843.90 |
| Jan-2022 | 877.00 | 756.80 | 807.47 |
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.
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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/
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: https://www.bigshareonline.com/
Lead Manager(s)
Registered Broker
The Sarda Energy & Minerals Buyback opens on Jun 2, 2022, and closes on Jun 15, 2022.
The Sarda Energy & Minerals Buyback last day to buy is not available as of now.
The Sarda Energy & Minerals Buyback is a Tender Offer.
Sarda Energy & Minerals Buyback Schedule
| Buyback Opening Date | Jun 2, 2022 |
| Buyback Closing Date | Jun 15, 2022 |
| Last Date for receipt of Tender Forms | Jun 15, 2022 |
| Finalisation of Buyback Acceptance | Jun 24, 2022 |
| Last Date for settlment of bids | Jun 27, 2022 |
| Last Date for Extinguishment of Shares | Jul 4, 2022 |
The Sarda Energy & Minerals Buyback is being offered at Rs ₹1500 per share per equity share.
| 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. |
The record date for the Sarda Energy & Minerals Buyback is May 6, 2022.
The issue size of Sarda Energy & Minerals Buyback is of 811,108.00 equity shares at ₹1500 per share aggregating upto ₹121.67 Crores.
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.
All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.
The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.
The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.
The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.
The Sarda Energy & Minerals Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.
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