Suprajit Engineering Limited Buyback Review

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Incorporated in the year 1985, Suprajit Engineering Limited started manufacturing high-quality liner cables to exacting Japanese standards for the automotive industry in 1987. Currently, the company is India’s one of the largest manufacturers of automotive cables and also catering to a wide spectrum of non-automotive cable requirements.

Suprajit Engineering Ltd is repurchasing its shares from the market worth Rs 48 Cr which aggregates 6.49% of total paid-up capital. The company will buyback 15 Lakh shares at Rs 320 per share. It has finalized the record date on 22nd February 2021. The buyback price is 20% higher than the closing price on the announcement date.

What is Suprajit Engineering Limited Buyback details?

Below is the complete details about Suprajit Engineering Limited Buyback. Record date, buyback open and close dates are announce in below section.

    Buyback Type: Tender Offer
    Buyback Offer Amount: Rs 48 Cr
    Buyback Number of Shares: 15 Lakh
    Buyback Price: Rs 320
    Buyback Offer Size (In %): 6.69%
    Total Share Capital: 3,568.8 Cr
    Face Value: 1 Per Equity Share

Can I Invest today to participate in Suprajit Engineering Limited buyback offer? No

What are Suprajit Engineering Limited Buyback Important Dates?

In this section we have covered all important dates related to Suprajit Engineering Limited Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.

    Suprajit Engineering Limited buyback offer important dates
    Buyback Activity Date
    Board Meeting for Buyback proposal 10th Feb 2021
    Buyback Approval date 10th Feb 2021
    Public Announcement of Buyback 12th Feb 2021
    Record Date 22nd Feb 2021
    Buyback opens on/Buyback Opening Date 8th Apr 2021
    Buyback closes on/Buyback Closing Date 26th Apr 2021
    Cut-off date to receive completed tender forms by Registrar 28th Apr 2021
    Cut-off date for verification by the Registrar 4th May 2021
    Cut-off date to inform Stock Exchange on acceptance or non-acceptance
    of tendered Equity Shares by Registrar
    4th May 2021
    Last date of settlement of bids on the stock exchange 5th May 2021
    Last date to return unaccepted shares by Registrar 5th May 2021
    Last date of extinguishment of Equity Shares 12th May 2021

Suprajit Engineering Limited Share Holding Pattern as of Dec 2020

Stock Holding table gives a clear picture on retail investor holdings of Suprajit Engineering Limited shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.

    Holding Type In %
    Promoter-Foreign 3.5%
    Promoter-Indian 44.6%
    Non-Promoter-Institutions 16.2%
    Non-Promoter-Non-Institutions 10.8%

Suprajit Engineering Limited Public Announcement >>Document

Suprajit Engineering Limited Draft Letter of Offer >>Document

Suprajit Engineering Limited Letter of Offer >>Document

Suprajit Engineering Limited Ratio of Buyback

    For Buy back shares holders are divided in 2 categories:

    • Reserved category for Small Shareholders ("Reserved Category") - Who holds Max Rs 2 Lakhs worth of shares @Rs 266.15 per equity share - in such case Max 751 Equity Shares as of Record Date 22nd Feb 2021.
    • General category for all Shareholders other than Small Shareholders ("General Category")

    Suprajit Engineering Limited Ratio of Buy Back

    Category Entitlement Ratio of Buyback Per Equity Shares Entitlement Ratio of Buyback in %
    Reserved Category 3 Equity Shares out of every 82 fully paid-up Equity Sharesheld on the Record Date 3.65%
    General Category 4 Equity Shares out of every 441 fully paid-up Equity Sharesheld on the Record Date 0.91%

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Detail Article on Benefit from buyback offer >> Read

Suprajit Engineering Limited Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for Suprajit Engineering Limited? How can I apply in Suprajit Engineering Limited Buyback offer?

Company Contact Information

Suprajit Engineering Limited
No.100, Bommasandra Indl. Area,
Bangalore, Karnataka 560 099, India
Phone: 08043421100
Email: [email protected]

Registrar Contact Information

Integrated Enterprices (India) Ltd
30, Ramana Residency, 4th cross, Sampige road
Malleswaram, Bengaluru, Karnataka - 560003 India
Tel.: 08023460815
Email: [email protected]
Website:www.integratedindia.in
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Last Updated on 2021-04-05T23:36:45+00:00


Buyback FAQs

  1. 1. What is the record date for Suprajit Engineering Limited buyback offer?

    The Record Date for Suprajit Engineering Limited Buyback offer is 22nd Feb 2021

    Which means you should hold the Suprajit Engineering Limited share in your demat account by closing session of 22nd Feb 2021. Share purchased on and before (22nd Feb 2021) - 2 business days will be available in your demat account by 22nd Feb 2021.

     

     

  2. 2. How much I can make with Suprajit Engineering Limited buyback offer?

    Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Suprajit Engineering Limited shares at ₹260 and buyback offer price is ₹320, you can get ₹60 per accepted share. If you hold 769 shares of Suprajit Engineering Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 254 to 384 shares with the gain from buyback of ₹15240 to ₹23040.

    The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares.

    Suprajit Engineering Limited Buyback Profit Calculation

    % Share AcceptedNo of Shared AcceptedGain from Buyback Offer
    33%254₹15240
    50%384₹23040
    75%577₹34620
    100%769₹46140

     

     

  3. 3. How to Participate in Suprajit Engineering Limited buyback offer?

    Steps to participate in Suprajit Engineering Limited buyback:

    1. On Record date (22nd Feb 2021) you must have share of Suprajit Engineering Limited in your demat account/physical form. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly.
    2. After that company announces buyback open and close window, so you need to tender your share in buyback process. You can do this online or contact your broker to tender your share in buyback, so he can place a request on your behalf.
    3. Next step is with registrar - depend on buyback acceptance ratio, your shares will be sold in buyback process and fund will directly debited in your bank account. Any rejected share will be revert in your demat account which you can sell in open market or hold for long term gain.

     

     

  4. 4. How many Suprajit Engineering Limited share are eligible for buyback?

    Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.

     

     

  5. 5. When I need to tender Suprajit Engineering Limited share for buyback?

    Buyback opening date for Suprajit Engineering Limited: 8th Apr 2021

    Buyback closing date for Suprajit Engineering Limited: 26th Apr 2021

    This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by 28th Apr 2021.

     

     

  6. 6. When I will know how much shares accepted in Suprajit Engineering Limited buyback offer?

    As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar on or before 5th May 2021.

     

     

  7. 7. When I need to tender Suprajit Engineering Limited share for buyback?

    Buyback opening date for Suprajit Engineering Limited: 8th Apr 2021

    Buyback closing date for Suprajit Engineering Limited: 26th Apr 2021

    This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by 28th Apr 2021.

     

     


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  2021-02-14T23:36:51+00:00






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