Open Market Through Stock Exchange | ₹32.00 Crores | Listing at BSE, NSE | Fri, Dec 4, 2020 - Thu, Jun 3, 2021
Sreeleathers Ltd. Buyback is a tender offer for the repurchase of up to equity shares at a buyback price of ₹160 per share with a face value of ₹10 per share, aggregating to ₹32.00 crores.
The buyback opens on Dec 4, 2020 and closes on Jun 3, 2021.
Mark Corporate Advisors Pvt.Ltd. is the Manager to the Buyback and Niche Technologies Pvt.Ltd. is the Registrar and S W Capital Private Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Sreeleathers Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Fri, Dec 4, 2020
Offer Closing Date
Thu, Jun 3, 2021
Buyback Price
₹160 per share
Record Date
[.]
| 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 |
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.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Oct-2020 | 136.00 | 130.00 | 133.00 |
| Sep-2020 | 145.00 | 130.00 | 139.00 |
| Aug-2020 | 152.00 | 130.00 | 140.00 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Oct-2020 | 136.00 | 129.00 | 133.00 |
| Sep-2020 | 146.00 | 130.00 | 138.00 |
| Aug-2020 | 153.00 | 130.00 | 143.00 |
The buyback is undertaken by the company to:
i) Effectively utilize its surplus funds.
ii) Enhance overall long term shareholders value.
Sreeleathers Ltd.
6, Tottee lane,
Kolkatta - 700 016
Lead Manager(s)
Registered Broker
The Sreeleathers Buyback opens on December 4, 2020, and closes on June 3, 2021.
The Sreeleathers Buyback is a Open Market Through Stock Exchange.
Sreeleathers Buyback Schedule
| Buyback Opening Date | December 4, 2020 |
| Buyback Closing Date | June 3, 2021 |
| Last date for acceptance of shares | Upon relevant pay-out by the Stock exchange |
The Sreeleathers Buyback is being offered at Rs ₹160 per share.
There is no ratio applicable in case of open market offer 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.
