Tender Offer | ₹48.00 Crores | Listed at BSE, NSE | Thu, Apr 8, 2021 - Mon, Apr 26, 2021
Suprajit Engineering Ltd. Buyback is a tender offer for the repurchase of up to 0.15 crore equity shares at a buyback price of ₹320 per share with a face value of ₹1 per share, aggregating to ₹48.00 crores.
The record date for determining eligible shareholders is Feb 22, 2021. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Apr 8, 2021 and closes on Apr 26, 2021, with the last date for receipt of tender forms being Apr 28, 2021.
The finalisation of buyback acceptance is expected on May 4, 2021, followed by settlement of bids on May 5, 2021.
Capital Square Advisors Pvt.Ltd. is the Manager to the Buyback and Integrated Registry Management Services Pvt.Ltd. is the Registrar and NNM Securities Private Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Suprajit Engineering Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Thu, Apr 8, 2021
Offer Closing Date
Mon, Apr 26, 2021
Buyback Price
₹320 per share
Record Date
February 22, 2021
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 3 Equity Shares out of every 82 fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 4 Equity Shares out of every 441 fully paid-up Equity Shares held on the Record Date. |
| Particulars | For the year/period ended (Rs. in Millions) | ||
|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Income | 15,852.16 | 16,278.95 | 14,758.44 |
| Profit After Tax | 1,039.65 | 1337.94 | 1,384.83 |
| Net Worth | 8,537.68 | 7,750.73 | 6,549.00 |
Incorporated in May 1985 as Suprajit Engineering Private Limited, the company's name changed to Suprajit Engineering Limited in June 1995.
Suprajit Engineering Limited manufactures high-quality liner cables and light sources exacting to Japanese standards for the automotive industry. The company caters to a wide spectrum of automotive and non-automotive cable requirements. Suprajit Engineering is amongst the top five cable manufacturers in the world.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2021 | 219.17 | 199.50 | 211.63 |
| Dec-2020 | 203.45 | 190.30 | 198.22 |
| Nov-2020 | 196.55 | 175.65 | 190.26 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2021 | 219.60 | 199.60 | 211.60 |
| Dec-2020 | 203.60 | 190.45 | 198.38 |
| Nov-2020 | 196.90 | 175.90 | 190.31 |
The Buy-back is being undertaken by the Company to:
i) To return surplus funds to the Equity Shareholders; and
ii) To help improve financial ratios like earnings per share and return on equity, by reducing the equity base of the Company.
Suprajit Engineering Ltd.
No.100 & 101, Bommasandra Industrial Area,
Bengaluru - 560099
Bengaluru, Karnataka, 560099
Integrated Registry Management Services Pvt.Ltd.
Lead Manager(s)
Registered Broker
The Suprajit Engineering Buyback opens on April 8, 2021, and closes on April 26, 2021.
The Suprajit Engineering Buyback last day to buy is not available as of now.
The Suprajit Engineering Buyback is a Tender Offer.
Suprajit Engineering Buyback Schedule
| Buyback Opening Date | April 8, 2021 |
| Buyback Closing Date | April 26, 2021 |
| Last Date for receipt of Tender Forms | April 28, 2021 |
| Finalisation of Buyback Acceptance | May 4, 2021 |
| Last Date for settlment of bids | May 5, 2021 |
| Last Date for Extinguishment of Shares | May 12, 2021 |
The Suprajit Engineering Buyback is being offered at Rs ₹320 per share.
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 3 Equity Shares out of every 82 fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 4 Equity Shares out of every 441 fully paid-up Equity Shares held on the Record Date. |
The issue size of Suprajit Engineering Buyback is 15,00,000 equity shares at ₹320 per share aggregating up to ₹48.00 Crores.
The Buy-back is being undertaken by the Company to:
i) To return surplus funds to the Equity Shareholders; and
ii) To help improve 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 Suprajit Engineering 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.
