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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) | 0.08 Crores |
| Issue Size (Amount) | ₹121.67 Crores |
| Buyback Price | ₹1500 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Offer Opens On | Jun 2, 2022 |
| Offer Closes On | Jun 15, 2022 |
| Record Date | May 6, 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 |
| 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 | 1195.6 | 847.7 | 1058.66 |
| Feb-2022 | 959.45 | 730 | 843.03 |
| Jan-2022 | 875 | 758 | 807.21 |
| 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 |
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: http://www.bigshareonline.com
Lead Manager(s)
Registered Broker
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May 14, 2022 5:44:48 PM
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May 25, 2022 6:52:52 AM
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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% ;)