Suprajit Engineering Buyback issue will open for subscription from 08 April 2021. the company aims for an issue size of ₹48 Crores through this buyback issue.
Suprajit Engineering Limited
Incorporated in May 1985 as 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.
Objectives of the Issue
To return surplus funds to the Equity Shareholders.
To help improve financial ratios like earnings per share and return on equity, by reducing the equity base of the Company.
Suprajit Engineering Buyback Issue Timetable
Offer Opens On
Apr 8, 2021
Offer Closes On
Apr 26, 2021
Record Date
Feb 22, 2021
Last Date for receipt of Tender Forms
Apr 28, 2021
Finalisation of Buyback Acceptance
May 4, 2021
Last Date for settlment of bids
May 5, 2021
Last Date for Extinguishment of Shares
May 12, 2021
Suprajit Engineering Buyback Detail
Issue Period
Apr 8, 2021 – Apr 26, 2021
Security Name
Suprajit Engineering Limited
Issue Type
Tender Offer
Issue Size (Shares)
0.15 Crores
Issue Size (Amount)
₹48.00 Crores
Buyback Price
₹320 per share
Face Value
₹1 per share
Listing At
BSE, NSE
Buyback Ratio
Category
Entitlement Ratio of Buyback
Reserved Category for Small Shareholders
3 Equity Shares out of every 82 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders
4 Equity Shares out of every 441 fully paid-up Equity Shares held on the Record Date.
Company Financials
Particulars
For the year/period ended (Rs. in Millions)
31-Mar-20
31-Mar-19
31-Mar-18
Total Income
15,852.16
16,278.95
14,758.44
Profit After Tax
1,039.65
1337.94
1,384.83
Net Worth
8,537.68
7,750.73
6,549.00
Stock Market Data (for preceding 3 months)
BSE
Month
High Price
Low Price
Average Price
Jan-2021
219.17
199.5
211.63
Dec-2020
203.45
190.3
198.22
Nov-2020
196.55
175.65
190.26
NSE
Month
High Price
Low Price
Average Price
Month
High Price
Low Price
Average Price
Jan-2021
219.6
199.6
211.6
Dec-2020
203.6
190.45
198.38
Nov-2020
196.9
175.9
190.31
Suprajit Engineering Buyback Registrar
Integrated Registry Management Services Private Limited 2 nd Floor, Ramakrishna Street, North Usman Road, T. Nagar, Chennai – 600 017 Phone: + 91 44 2814 0801 to 803 Email: gopi@integratedindia.in Website: http://www.integratedindia.in/
A buyback occurs when the issuing company pays shareholders the market value per share and re-absorbs that portion of its ownership that was previously distributed among public and private investors. subscribing for a buyback issue is purely a personal choice. make a detailed study before you make a decision on buyback issue subscription.
