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June 2, 2022 - June 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 PeriodJune 2, 2022 - June 15, 2022
Security NameSarda Energy & Minerals Limited
Issue TypeTender Offer
Issue Size (Shares)811,108
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

Record DateMay 6, 2022
Offer Opens OnJune 2, 2022
Last Date for receipt of Tender FormsJune 15, 2022
Offer Closes On *June 15, 2022
Finalisation of Buyback AcceptanceJune 24, 2022
Last Date for settlment of bidsJune 27, 2022
Last Date for Extinguishment of SharesJuly 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 1,195.60 847.70 1,058.66
Feb-2022 959.45 730.00 843.03
Jan-2022 875.00 758.00 807.21

Stock price at NSE (in preceding 3 months)

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

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: https://ipo.bigshareonline.com/ipo_status.html

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

Sarda Energy & Minerals Buyback FAQs

The Sarda Energy & Minerals Buyback opens on June 2, 2022, and closes on June 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 DateJune 2, 2022
Buyback Closing DateJune 15, 2022
Last Date for receipt of Tender FormsJune 15, 2022
Finalisation of Buyback AcceptanceJune 24, 2022
Last Date for settlment of bidsJune 27, 2022
Last Date for Extinguishment of SharesJuly 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 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.


11 Comments

11. Vibhor Saxena     Link|June 24, 2022 9:18:33 PM
4 shares in 4 different accounts
All accepted...
11.3. Vibhor     Link|July 4, 2022 10:51:37 AM
Thankyou KAMMA SIVA RAMA KRISHNA Sir
@Arun ji I am using zerodha for all demats except one which is in angel one
11.4. Vibhor     Link|July 4, 2022 10:53:56 AM
A mail is sent by the company in case of acceptance of the shares
Check spam folder of your mailbox.
Have you submitted the quantity which you hold on the record date?
10. KAMMA SIVA RAMA KRISHNA     Link|June 24, 2022 8:05:24 PM
AR is 9/24. Not bad.
10.1. Yogesh     Link|June 27, 2022 3:02:46 PM
43 pct acceptance. 3 out of total 7 shares got accepted. Better than accepted.
9. montu parashar     Link|June 27, 2022 10:35:28 AM
Is anyone recieved payment in bank account.
9.1. ajay     Link|June 27, 2022 1:36:26 PM
No NOt yet
8. ashish     Link|June 24, 2022 1:34:18 PM
what is acceptance ratio any body have idea TODAY IS SETTLEMENT DATE
7. Arun     Link|June 10, 2022 8:25:25 PM
Kisi ne tender kiye hai sarda energy k shares. Angel broking wale tender hi nhi krne de rahe na hi koi mail bheja.
7.1. Vibhor Saxena     Link|June 15, 2022 3:04:56 PM
CHECK YOU MAILBOX YOU MUST HAVE RECIEVED A LINK TO TENDER THOSE. I ALSO TENDER USING THAT LINK
SEARCH USING "BUYBACK" IN SPAM FOLDER
6. Rajkumar Bhuj     Link|April 28, 2022 11:34:36 AM
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     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     Link|May 25, 2022 6:52:52 AM
Are the buyback dates disclosed?
5. Srinivas     Link|May 4, 2022 1:17:53 PM
Can we buy today for record date 6th
in ICICI direct
5.1. pRACE     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     Link|May 1, 2022 7:17:40 PM
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     Link|April 27, 2022 2:28:10 PM
Today it has come down to 1190.
Buy
2. Value.Investor     Link|April 27, 2022 10:11:08 AM
What is expected ER & AR? is it good to buy at current price?
1. pRACE     Link|April 26, 2022 3:17:33 PM
looks good for atleast 20% gain at cmp of 1240 today on 26-04-22... i will deginately go for it...

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