Suprajit Engineering Ltd. Buyback
Suprajit Engineering Buyback 2024
Tender Offer
₹750.00
Buyback price per share26 Aug, 2024
Last Date to buy shares27 Aug, 2024
Record Date02 Sep, 2024
Offer Opens06 Sep, 2024
Offer Closes06 Sep, 2024
Last Date for Tender Forms12 Sep, 2024
Finalisation of Buyback Acceptance13 Sep, 2024
Last Date for settlement of bids24 Sep, 2024
Last Date for Extinguishment of SharesAbout Suprajit Engineering Ltd. Buyback Company
Suprajit Engineering Private Limited, the company's name changed to Suprajit Engineering Limited in June 1995.
Suprajit Engineering Limited manufactures high-quality liner cables and light sources exacting to Japanese standards for the automotive industry. The company caters to a wide spectrum of automotive and non-automotive cable requirements. Suprajit Engineering is amongst the top five cable manufacturers in the world.
Suprajit Engineering Ltd. Buyback Details
- Security Name Suprajit Engineering Ltd.
- Buyback Price ₹750.00
- Face Valuet ₹1.00
- Listing at Group BSE, NSE
- Lead Manager Finshore Management Services Limited
- Issue Size 1,500,000 (1.08 % of Total number of equity Shares)
- Buyback Docs Letter Of Offer
Suprajit Engineering Ltd. Buyback Ratio
| Categoryy | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 3/62 | 225000 |
| General Category for all other Eligible Shareholders | 1/105 | 1275000 |
Suprajit Engineering Ltd. Buyback Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Total Assets | 2,434.52 | 1,738.53 | 1,713.27 |
| Total Revenue | 2,790.99 | 1,877.12 | 1,674.45 |
| Reserves And Surplus | 1,086.01 | 926.76 | 897.54 |
| Total Borrowing | -- | -- | -- |
| Net Worth | -- | -- | -- |
| Profit After Tax | 152.11 | 173.08 | 142.71 |
How to Participate in Suprajit Engineering Ltd. Buyback?
Calculation of Investment in Suprajit Engineering Ltd. Buyback Buyback 2026
* No. of shares stands to change according to the closing price on the record date
* For simplicity, we have considered the price on date Aug 14, 2024
Expected Profit from the Suprajit Engineering Ltd. Buyback on the bases of acceptance Ratio:
| Acceptance Ratio | Amount Invested in Buyback | No. of Shares Buyback | Buyback Profit | Profit% |
|---|---|---|---|---|
| 33% | ₹143,666.67 | 88 | 18590 | 12.94% |
| 50% | ₹143,666.67 | 133 | 28096 | 19.56% |
| 75% | ₹143,666.67 | 200 | 42250 | 29.41% |
| 100% | ₹143,666.67 | 266 | 56192 | 39.11% |
Amount Invested in Buyback: ₹143,666.67
Suprajit Engineering Ltd. Buyback - Necessity of the Objective
The buyback will help the company return surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding.
The buyback consists of a reservation for the small shareholder. The company believes that this reservation for small shareholders would benefit many public shareholders who would be classified as small shareholders.
The buyback may help improve financial ratios like return on equity, by reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in place of Equity Shares or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer.
Contact Details
Suprajit Engineering Ltd. Buyback
No.100 & 101, Bommasandra Industrial Area, Bengaluru, -, 560 099
+91080-43421100
investors@suprajit.com
Registrar Contact Details
Integrated Registry Management Services Private Limited
gopi@integratedindia.in
044 - 28140801 to 28140803