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NRI Form⇒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.
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
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.
| 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 |
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 Post Buyback Public Announcement >>Document
| 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% |
For Suprajit Engineering Limited Buyback Offer, Report updated by the manager of buyback -
In general category - response received 659.21%, No. of Equity Shares reserved in Buyback was 12,75,000 where valid bid received for retail category was 84,04,945 which is 659.21% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 368.07%, No. of Equity Shares reserved in Buyback was 2,25,000 where valid bid received for retail category was 8,28,147 which is 368.07%. Final Acceptance Ratio for Retail Investors was 3.65%.
The table below will give you a complete dashboard view for all open buyback offer in current market.
| Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
|---|---|---|---|---|---|---|---|
| Granules India Ltd | Tender Offer | Rs 250 Cr | 400 | 324.35 (2.03%) | 23-08-2022 | 27-09-2022 | 11-10-2022 | SIS Limited | Tender Offer | Rs 80 Cr | 550 | 419.35 (-0.06%) | 30-08-2022 | TBD | TBD | CARE Ratings Ltd | Tender Offer | Rs 121.95 Cr | 515 | 504.50 (-0.85%) | 14-09-2022 | TBD | TBD | Care Ratings Ltd | Tender Offer | Rs 121.95 Cr | 515 | 504.50 (-0.85%) | 14-09-2022 | TBD | TBD | Quick Heal Technologies Ltd | Tender Offer | Rs 150 Cr | 300 | 198.25 (-2.58%) | 14-09-2022 | 04-10-2022 | 18-10-2022 | Shyam Century Ferrous Limited | Tender Offer | Rs 28 Cr | 28 | 22.55 (-0.88%) | 27-09-2022 | TBD | TBD | S.P. Apparels Ltd | Tender Offer | 0.06 Cr | 585 | 426.55 (-0.18%) | 07-10-2022 | TBD | TBD | Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 772.05 (1.38%) | TBD | TBD | TBD |
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?Last Updated on 2021-09-20T23:56:53+00:00
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