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Incorporated in 1985, Swaraj Engines Ltd. (SEL) is engaged in manufacturing of diesel engines. SEL was established after merger of Panjab Tactors Limited and Kirloskar Oil Enhines ltd.The Government of India originally set up the company in 1985 as a technical and financial collaboration between PTL and Kirloskar Oil Engines for manufacturing diesel engines for PTL, which marketed their products under the Swaraj brand. Kirloskar Oil Engines (KOEL) owned a 17.4% stake in the JV which was then transferred to Kirloskar Industries in FY11. PTL has been taken over and merged with Mahindra and Mahindra Ltd (M&M). As a result, M&M holds 33% of SEL's equity. SEL also supplies hi-tech engine components to SML Isuzu Ltd., for assembly of commercial vehicle engines.
For Swaraj Engines Limited Buyback Offer, Report updated by the registrar "Karvy Computershare Private Limited" -
In Reserved category for Small Shareholders (Retail) - response received only 589.16%, No. of Equity Shares reserved in Buyback was 44,212 where valid bid received for retail category was 2,60,479 which is 589.16%. So with this retail investor got 8.97% acceptance of share as per initial estimation.
In general category - response received 483.51%, No. of Equity Shares reserved in Buyback was 2,50,534 where valid bid received for retail category was 12,11,350 which is 483.51% oversubscribed.
Below is the complete details about Swaraj Engines Ltd Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 70.74 Cr |
| Buyback Number of Shares: | 2.95 lakh |
| Buyback Price: | Rs 2400 |
| Buyback Offer Size (In %): | 2.37% |
| Total Share Capital: | 2,443.42 Cr |
| Face Value: | 10 Per Equity Share |
Can I Invest today to participate in Swaraj Engines Ltd buyback offer? No
YIn this section we have covered all important dates related to Swaraj Engines Ltd 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 | 28th Nov 2017 |
| Buyback Approval date | 4th Jan 2017 |
| Public Announcement of Buyback | 4th Jan 2017 |
| Record Date | 12th Jan 2018 |
| Buyback opens on/Buyback Opening Date | 31st Jan 2018 |
| Buyback closes on/Buyback Closing Date | 14th Feb 2018 |
| Cut-off date to receive completed tender forms by Registrar | |
| Cut-off date for verification by the Registrar | 16th Feb 2018 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
23rd Feb 2018 |
| Last date of settlement of bids on the stock exchange | 26th Feb 2018 |
| Last date to return unaccepted shares by Registrar | 26th Feb 2018 |
| Last date of extinguishment of Equity Shares | 5th Mar 2018 |
Stock Holding table gives a clear picture on retail investor holdings of Swaraj Engines Ltd 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 | 0% |
| Promoter-Indian | 53.62% |
| Non-Promoter-Institutions | 17.83% |
| Non-Promoter-Non-Institutions | 31.56% |
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 |
|---|---|---|---|---|---|---|---|
| Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 933.35 (0.18%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 162.50 (-1.34%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 289.85 (-0.38%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 464.70 (1.10%) | 22-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
Swaraj Engines Ltd 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 Swaraj Engines Ltd? How can I apply in Swaraj Engines Ltd Buyback offer?For Buy back shares holders are divided in 2 categories:
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 7 Equity Shares out of every 78 Equity Shares | 8.97% |
| General Category | 13 Equity Shares out of every 619 Equity Shares | 2.1% |
Last Updated on 2018-03-13T00:04:31+00:00
