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Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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Incorporated in 1960, Suraj Limited is Manufacturer and Exporter of Stainless Steel Seamless Pipes, Tubes, Flanges, Forged Fittings and electro polished products.
The company's product portfolio includes Stainless Steel Seamless Heat Exchanger Tubes, Stainless Steel Seamless Heat Exchanger 'U'-Tubes, Stainless Steel Seamless Instrumentation Tubes, Stainless Steel Seamless & Welded Mechanical Polished Tubes, Stainless Steel Seamless & Welded Electropolished Tubes, Stainless Steel Seamless Buttweld Fittings and Flanges & Forged Fittings.
| Issue Period | September 14, 2022 - September 27, 2022 |
| Security Name | Suraj Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 900,000 |
| Issue Size (Amount) | ₹6.93 Crores |
| Buyback Price | ₹77 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Record Date | August 20, 2022 |
| Offer Opens On | September 14, 2022 |
| Last Date for receipt of Tender Forms | September 27, 2022 |
| Offer Closes On * | September 27, 2022 |
| Finalisation of Buyback Acceptance | October 6, 2022 |
| Last Date for settlment of bids | October 7, 2022 |
| Last Date for Extinguishment of Shares | October 14, 2022 |
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 184 Equity Share out of every 813 Fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 37 Equity Shares out of every 663 Fully paid-up Equity Shares held on the Record Date. |
| Period Ended | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|
| 31-Mar-20 | 177.03 | 1.01 | 87.77 |
| 31-Mar-21 | 192.38 | 1.37 | 89.14 |
| 31-Mar-22 | 348.76 | 3 | 92.17 |
| Amount in ₹ Crore | |||
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jul-2022 | 76.45 | 62.05 | 69.25 |
| Jun-2022 | 73.60 | 61.05 | 67.33 |
| May-2022 | 80.00 | 63.30 | 71.65 |
The buyback is being undertaken for the following reasons:
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Suraj Limited
‘Suraj House’,
Opp. Usmanpura Garden, Ashram Road,
Ahmedabad - 380 014
Phone: 0091-79-27540720
Email: suraj@surajgroup.com
Website: https://www.surajgroup.com/
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: buybackoffer@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Lead Manager(s)
Registered Broker
The Suraj Limited Buyback opens on September 14, 2022, and closes on September 27, 2022.
The Suraj Limited Buyback last day to buy is not available as of now.
The Suraj Limited Buyback is a Tender Offer.
Suraj Limited Buyback Schedule
| Buyback Opening Date | September 14, 2022 |
| Buyback Closing Date | September 27, 2022 |
| Last Date for receipt of Tender Forms | September 27, 2022 |
| Finalisation of Buyback Acceptance | October 6, 2022 |
| Last Date for settlment of bids | October 7, 2022 |
| Last Date for Extinguishment of Shares | October 14, 2022 |
The Suraj Limited Buyback is being offered at Rs ₹77 per share per equity share.
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 184 Equity Share out of every 813 Fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 37 Equity Shares out of every 663 Fully paid-up Equity Shares held on the Record Date. |
The record date for the Suraj Limited Buyback is August 20, 2022.
The issue size of Suraj Limited Buyback is of 900,000 equity shares at ₹77 per share aggregating upto ₹6.93 Crores.
The buyback is being undertaken for the following reasons:
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 Suraj Limited 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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