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Dec 4, 2020 - Jun 3, 2021

Sreeleathers Limited Buyback (Sreeleathers Buyback) Detail

Incorporated in 1991, Sreeleathers Limited is in the business of all kinds of footwear and leather accessories. The company is engaged as a retailer and wholesaler of footwear and leather articles. The company products include shoes, chappal, sandals for men, women, and kids, and accessories like belts, wallets, bags, special boxes, leather garments, socks, and masks.

As of Jan 2021, the company has 35 Dealer Showroom, apart from its own 5 Showrooms, all over the Country.

Sreeleathers works on the principle of World Class. Right Price and thus delivers best quality products.

Sreeleathers Buyback Detail

Issue PeriodDec 4, 2020 - Jun 3, 2021
Security NameSreeleathers Limited
Issue TypeOpen Market Through Stock Exchange
Issue Size (Amount)₹32.00 Crores
Buyback Price₹160 per share
Face Value₹10 per share
Listing AtBSE, NSE

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Million)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 1,733.68 1,680.96 1,428.91
Profit After Tax 287.60 310.81 213.72

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2020 136 130 133
Sep-2020 145 130 139
Aug-2020 152 130 140

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2020 136 129 133
Sep-2020 146 130 138
Aug-2020 153 130 143

Necessity of the Issue

The buyback is undertaken by the company to:
i) Effectively utilize its surplus funds.
ii) Enhance overall long term shareholders value.

Sreeleathers Buyback Documents

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Company Contact Information

Sreeleathers Limited
6, Tottee lane,
Kolkatta - 700 016


Phone: +91 33 22861571
Email: sreeleathers@sreeleathers.com
Website: https://sreeleathers.com/

Sreeleathers Buyback Registrar

  1. Niche Technologies Pvt. Ltd
       D-511, Bagree Market,
       71, B R B Basu Road,
       Kolkata - 700 001, West Bengal, India

    Phone: 2235-7270/ 7271
    Email: nichetechpl@nichetechpl.com
    Website: http://www.nichetechpl.com

Sreeleathers Buyback Manager

Lead Manager(s)

  1. Mark Corporate Advisors Private Limited

Registered Broker

  1. S W Capital Private Limited
    Email: Hemant.shah@swcapital.in

Find Sreeleathers Buyback Latest Update

Sreeleathers Buyback FAQs

The Sreeleathers Buyback opens on Dec 4, 2020, and closes on Jun 3, 2021.

The Sreeleathers Buyback is a Open Market Through Stock Exchange.

Sreeleathers Buyback Schedule

Buyback Opening DateDec 4, 2020
Buyback Closing DateJun 3, 2021
Last date for acceptance of sharesUpon relevant pay-out by the Stock exchange

The Sreeleathers Buyback is being offered at Rs ₹160 per share per equity share.

There is no ratio applicable in case of open market offer through stock exchange mechanism.

There is no concept of record date in case of open market through stock exchange mechanism.

The Sreeleathers Buyback has announced a buyback for an aggregate amount of not more than Rs. ₹32.00 Crores with pricing of Rs.₹160 per share.

The buyback is undertaken by the company to:
i) Effectively utilize its surplus funds.
ii) Enhance overall long term shareholders value.

Any equity shareholder holding the shares in Demat form can participate in the buyback offer through their stockbroker. The physical shareholder can participate only once the shares get converted into a Dematerialized form.

The shareholder needs to inform their broker on the details of the Equity shares they wish to sell. The broker will place a sell order whenever the company places a buy order for the buyback. The trade would get executed at the offer price or lesser only when the price offered by the shareholder matches with the buy order placed by the company.

The Sreeleathers 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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