Suprajit Engineering Buyback

Suprajit Engineering Buyback Details

Spread the love

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 OnApr 8, 2021
Offer Closes OnApr 26, 2021
Record DateFeb 22, 2021
Last Date for receipt of Tender FormsApr 28, 2021
Finalisation of Buyback AcceptanceMay 4, 2021
Last Date for settlment of bidsMay 5, 2021
Last Date for Extinguishment of SharesMay 12, 2021

Suprajit Engineering Buyback Detail

Issue PeriodApr 8, 2021 – Apr 26, 2021
Security NameSuprajit Engineering Limited
Issue TypeTender Offer
Issue Size (Shares)0.15 Crores
Issue Size (Amount)₹48.00 Crores
Buyback Price₹320 per share
Face Value₹1 per share
Listing AtBSE, NSE

Buyback Ratio

CategoryEntitlement Ratio of Buyback
Reserved Category for Small Shareholders3 Equity Shares out of every 82 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders4 Equity Shares out of every 441 fully paid-up Equity Shares held on the Record Date.

Company Financials

ParticularsFor the year/period ended (Rs. in Millions)
Total Income15,852.1616,278.9514,758.44
Profit After Tax1,039.651337.941,384.83
Net Worth8,537.687,750.736,549.00

Stock Market Data (for preceding 3 months)


MonthHigh PriceLow PriceAverage Price


MonthHigh PriceLow PriceAverage Price
MonthHigh PriceLow PriceAverage Price

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

Company Contact Information

Suprajit Engineering Limited
No.100 & 101, Bommasandra Industrial Area,
Bengaluru – 560099
Phone: +91 080-4342 1100

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

Spread the love

Leave a Comment

Your email address will not be published. Required fields are marked *