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Apr 8, 2021 - Apr 26, 2021

Suprajit Engineering Limited Buyback (Suprajit Engineering Buyback) Detail

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.

Suprajit Engineering Buyback Detail

Issue PeriodApr 8, 2021 - Apr 26, 2021
Security NameSuprajit Engineering Limited
Issue TypeTender Offer
Issue Size (Shares)0.15 Crores
Issue Size (Amount)₹48.00 Crores
Buyback Price₹320 per share
Face Value₹1 per share
Listing AtBSE, NSE

Suprajit Engineering Buyback Issue Timetable

Offer Opens OnApr 8, 2021
Offer Closes OnApr 26, 2021
Record DateFeb 22, 2021
Last Date for receipt of Tender FormsApr 28, 2021
Finalisation of Buyback AcceptanceMay 4, 2021
Last Date for settlment of bidsMay 5, 2021
Last Date for Extinguishment of SharesMay 12, 2021

Buyback Ratio

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.

Company Financials

Summary of financial Information (consolidated)
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

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2021 219.17 199.5 211.63
Dec-2020 203.45 190.3 198.22
Nov-2020 196.55 175.65 190.26

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2021 219.6 199.6 211.6
Dec-2020 203.6 190.45 198.38
Nov-2020 196.9 175.9 190.31

Necessity of the Issue

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 Buyback Documents

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Company Contact Information

Suprajit Engineering Limited
No.100 & 101, Bommasandra Industrial Area,
Bengaluru - 560099


Phone: +91 080-4342 1100
Email: investors@suprajit.com
Website: http://www.suprajit.com/

Suprajit Engineering Buyback Registrar

  1. Integrated Registry Management Services Private Limited
       2 nd Floor,
       Ramakrishna Street, North Usman Road,
       T. Nagar, Chennai - 600 017

    Phone: + 91 44 2814 0801 to 803
    Email: gopi@integratedindia.in
    Website: http://www.integratedindia.in/

Suprajit Engineering Buyback Manager

Lead Manager(s)

  1. CapitalSquare Advisors Pvt. Ltd.

Registered Broker

  1. NNM Securities Private Limited
    Email: support@nnmsecurities.com

Find Suprajit Engineering Buyback Latest Update

Suprajit Engineering Buyback FAQs

The Suprajit Engineering Buyback opens on Apr 8, 2021, and closes on Apr 26, 2021.

The Suprajit Engineering Buyback is a Tender Offer.

Suprajit Engineering Buyback Schedule

Buyback Opening DateApr 8, 2021
Buyback Closing DateApr 26, 2021
Last Date for receipt of Tender FormsApr 28, 2021
Finalisation of Buyback AcceptanceMay 4, 2021
Last Date for settlment of bidsMay 5, 2021
Last Date for Extinguishment of SharesMay 12, 2021

The Suprajit Engineering Buyback is being offered at Rs ₹320 per share per equity 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 record date for the Suprajit Engineering Buyback is Feb 22, 2021.

The issue size of Suprajit Engineering Buyback is of 0.15 Crores equity shares at ₹320 per share aggregating upto ₹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.


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