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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 Post Buyback Public Announcement >>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%

Post buyback comments Suprajit Engineering Limited

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%.

Current and Upcoming Buybacks Key dates

The table below will give you a complete dashboard view for all open buyback offer in current market.

Current and Upcoming Buybacks Key dates
Company NameBuyback TypeOffer AmountBuyback PriceCMPRecord DateBuyback Open DateBuyback End Date
Granules India Ltd Tender OfferRs 250 Cr400324.35 (2.03%)23-08-202227-09-202211-10-2022
SIS LimitedTender OfferRs 80 Cr550419.35 (-0.06%)30-08-2022TBDTBD
CARE Ratings LtdTender OfferRs 121.95 Cr515504.50 (-0.85%)14-09-2022TBDTBD
Care Ratings LtdTender OfferRs 121.95 Cr515504.50 (-0.85%)14-09-2022TBDTBD
Quick Heal Technologies LtdTender OfferRs 150 Cr300198.25 (-2.58%)14-09-202204-10-202218-10-2022
Shyam Century Ferrous LimitedTender OfferRs 28 Cr2822.55 (-0.88%)27-09-2022TBDTBD
S.P. Apparels LtdTender Offer0.06 Cr585426.55 (-0.18%)07-10-2022TBDTBD
Tanla Platforms LtdTender OfferRs 170 Cr1200772.05 (1.38%)TBDTBDTBD

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

Last Updated on 2021-09-20T23:56:53+00:00

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