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.
Table of Contents
Toggle Table of ContentSuprajit 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/
Company Contact Information
Suprajit Engineering Limited
No.100 & 101, Bommasandra Industrial Area,
Bengaluru – 560099
Phone: +91 080-4342 1100
Email: investors@suprajit.com
Website: http://www.suprajit.com/
Final Thoughts
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.
Happy Investing