Elegant Marbles & Grani Industries Buyback

Elegant Marbles & Grani Industries Buyback 2023
Tender Offer

₹385.00

Buyback price per share

04 Jan, 2024

Last Date to buy shares

05 Jan, 2024

Record Date

11 Jan, 2024

Offer Opens

19 Jan, 2024

Offer Closes

17 Jan, 2024

Last Date for Tender Forms

24 Jan, 2024

Last Date for settlement of bids

05 Feb, 2024

Last Date for Extinguishment of Shares

About Elegant Marbles & Grani Industries Buyback Company

Incorporated in 1984, Elegant Marbles and Grani is an exporter of premium Italian and exotic marbles. The company produces Quartz, Engineered Marble, tiles and other surfaces used in construction and interior design. The company's factory is situated on Abu Road, Rajasthan spread across an area of 2.5 million square feet.

The core strength of the company lies in the following:-
The company carefully picks out the best slabs or blocks for their customers.
Meticulously crafted slabs undergo thorough inspection to exceed client's expectations.
Similar to purchasing a diamond, materials are assessed based on their color, content, clarity, and consistency.

Security Name Elegant Marbles & Grani Industries Ltd
Buyback Price ₹385.00
Face Valuet ₹10.00
Listing at Group BSE
Lead Manager Sundae Capital Advisors
Issue Size 697,000 (24.88 % of Total number of equity Shares)
Buyback Docs Letter Of Offer

Elegant Marbles & Grani Industries Buyback Ratio

Categoryy	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	86/353	104550
General Category for all other Eligible Shareholders	161/878	529450

Elegant Marbles & Grani Industries Buyback Company Financials

All values are in ₹ Cr.

	31-Mar-23	31-Mar-22	31-Mar-21
Total Revenue	37.85	29.82	11.95
Reserves And Surplus	102.30	101.84	87.76
Total Borrowing	--	--	--
Total Assets	--	--	--
Profit After Tax	3.04	2.69	-0.79
Net Worth	105.96	105.50	91.42

How to Participate in Elegant Marbles & Grani Industries Buyback?

Hold shares on Record Date

Firstly, to be eligible for the buyback the investor should have shares of Elegant Marbles & Grani Industries Buyback in Demat or physical form as on the record date Jan 5, 2024.

Tender via Broker or Exchange

Once you have shares in Demat, you can participate in the buyback process which is opening from Jan 11, 2024 by tendering your shares through your broker on BSE.

Receive Payment & Reversal

Then on Feb 5, 2024, the payment will be given to you for accepted shares and unaccepted shares will be returned to your Demat account.

Calculation of Investment in Elegant Marbles & Grani Industries Buyback Buyback 2026

Maximum market value of a share holder as on record date

₹200,000.00

Buyback price per share

₹385.00

Maximum share for small shareholders (200000/ 385)

519.48 share

Closing price of stock as of 2023-11-23

₹299.70

Maximum amount instead in buyback (₹299.70 x 519 shares)

₹155,688.31

* No. of shares stands to change according to the closing price on the record date

* For simplicity, we have considered the price on date Nov 23, 2023

Expected Profit from the Elegant Marbles & Grani Industries Buyback on the bases of acceptance Ratio:

Acceptance Ratio	Amount Invested in Buyback	No. of Shares Buyback	Buyback Profit	Profit%
33%	₹155,688.31	171	14586	9.37%
50%	₹155,688.31	259	22092	14.19%
75%	₹155,688.31	389	33181	21.31%
100%	₹155,688.31	519	44270	28.44%

Amount Invested in Buyback: ₹155,688.31

33% Acceptance Ratio

Shares Buyback: 171

Buyback Profit: 14586

Profit %: 9.37%

50% Acceptance Ratio

Shares Buyback: 259

Buyback Profit: 22092

Profit %: 14.19%

75% Acceptance Ratio

Shares Buyback: 389

Buyback Profit: 33181

Profit %: 21.31%

100% Acceptance Ratio

Shares Buyback: 519

Buyback Profit: 44270

Profit %: 28.44%

Elegant Marbles & Grani Industries Buyback - Necessity of the Objective

The Board is of the view that the proposed Buyback will help the Company achieve the following objectives
Optimize returns to shareholders
Enhance overall shareholders value and
Optimizes the capital structure. The above objectives will be achieved by returning part of surplus cash to shareholders through the Buyback process. This may lead to reduction in outstanding Equity Shares, improvement in earnings per Equity Share and enhanced return on invested capital.

Contact Details

Elegant Marbles & Grani Industries Buyback

E-7/9, RICCO Industrial Area, Abu Road307026.

022-24960771

elegantmarbles@gmail.com

https://elegantmarbles.com/

Registrar Contact Details

Link Intime India Private Ltd

elegantmarbles.buyback2023@linkintime.co.in

+91-22-4918 6270

https://linkintime.co.in/initial_offer/public-issues.html