SUPRAJIT ENGINEERING BUYBACK 2021 | LATEST Suprajit Engineering Ltd SHARE NEWS | SUPRAJIT ENGINEERING BUY BACK RECORD DATE | SUPRAJIT ENGINEERING BUYBACK PRICE | SUPRAJIT ENGINEERING BUYBACK Acceptance Ratio | Latest Buybacks News
Board of Suprajit Engineering approves buyback of shares up to Rs 48 cr.
The Board of Directors of Suprajit Engineering Ltd at its meeting held on February 10, 2021, has approved the proposal to buy-back up to 15,00,000 Equity Shares (Fifteen Lakhs only) of Re.1/- each of the Company for an aggregate amount not exceeding Rs. 48,00,00,000 {Rupees Forty Eight Crores only).
(hereinafter referred to as the “Buyback Size”) being 1.07% of the total paid-up equity share capital, at Rs. 320/- (Rupees Three Hundred Twenty only) per Equity Share (hereinafter referred to as the “Buyback Price”) and fixed Monday, “February 22, 2021” as “RECORD DATE”.
SUPRAJIT ENGINEERING Share Buyback Offer Details
Share Buy Back Plan | Suprajit Engineering Buyback Shares
| Buyback Type: | Tender Offer |
| Suprajit Engineering Buyback Record Date: | 22.02.2021 |
| Suprajit Engineering Buyback Offer Amount: | ₹48 CR |
| Date of Board Meeting approving the proposal: | 10.02.2021 |
| Date of Public Announcement: | 10.02.2021 |
| Suprajit Engineering Buyback Offer Size: | 1.07% |
| Buyback Number of Shares: | 15,00,000 |
| Price Type: | Tender Offer |
| Face Value (FV): | 1 |
| Suprajit Engineering Buyback Price: | ₹320/- Equity Share |
| Suprajit Engineering Buyback Premium: | 30% |
Also Check:- Latest Share Buyback 2021
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Suprajit Engineering Buyback Important Dates
In this section we have covered all important dates related to “Suprajit Engineering Buyback Date”. Dates are updated as they are announced. The most noted dates are Suprajit Engineering record date and Suprajit Engineering buyback open and close dates, which one should use to participate in buyback.
| Buyback Activity | Date |
|---|---|
| Board Meeting for Suprajit Engineering Buyback proposal | 10.02.2021 |
| Suprajit Engineering Buyback Approval date | 10.02.2021 |
| Public Announcement of Suprajit Engineering Buyback | 10.02.2021 |
| Suprajit Engineering Buyback Record Date | 22.02.2021 |
| Suprajit Engineering Buyback opens on/Buyback Opening Date | 08.04.2021 |
| Suprajit Engineering Buyback closes on/Buyback Closing Date | 26.04.2021 |
| Cut-off date to receive completed tender forms by Registrar | 28.04.2021 |
| Cut-off date for verification by the Registrar | 28.04.2021 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance of tendered Equity Shares by Registrar | 28.04.2021 |
| Last date of settlement of bids on the stock exchange | 05.05.2021 |
| Last date to return unaccepted shares by Registrar | 05.05.2021 |
| Last date of extinguishment of Equity Shares | 05.05.2021 |
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Suprajit Engineering Pre Buyback Share Holding Pattern
Stock Holding table gives a clear picture on retail investor holdings of Suprajit Engineering shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in Suprajit Engineering buyback under retail category which is equal to higher profit.
| Shareholding Pattern – Suprajit Engineering Ltd. | ||
| Holder’s Name | No of Shares | % Share Holding |
| No Of Shares | 139872473 | 100% |
| Promoters | 62339220 | 44.57% |
| Foreign Institutions | 4826085 | 3.45% |
| N Banks Mutual Funds | 15055927 | 10.76% |
| Others | 18005339 | 12.87% |
| General Public | 36835565 | 26.34% |
| Financial Institutions | 2810337 | 2.01% |
Suprajit Engineering Buyback Record Date
Tentative Record Date To Participate In Suprajit Engineering Buyback
Company has fixed February 22, 2021 as the record date for the purpose of the eligibility of shareholders for Buyback of equity shares.
Suprajit Engineering Buyback Acceptance Ratio
Profit from the buyback on the bases of acceptance Ratio:
Buy 625 Shares at CMP of Rs.245 [200000/320=625]
| Acceptance Ratio | 33% | 50% | 75% | 100% |
| Amount Invested in Buyback | 1,53,125 | 1,53,125 | 1,53,125 | 1,53,125 |
| No. of Shares buyback | 206 | 313 | 469 | 625 |
| BuyBack Profit | 15468 | 23437 | 35156 | 46875 |
| Profit (%) | 10.10% | 15.31% | 22.96% | 30.61% |
How to Apply for Suprajit Engineering Buyback?
Now if you are wondering ‘how do I apply for a buyback?’ we’ve got you covered. When it comes to share-buyback schemes, the capital market regulator has compulsorily reserved a buyback portion of 15% for retail investors who possess in-hold shares in a company worth upto ₹2 lakhs.
This percentage is also taking into account the scrip’s market value as seen on the record date of the buyback offer. During the application process of share buyback, you will be given a tender form by the company.
This form is where you enter the number of shares of that company that you wish to tender. There is a ratio of acceptance attached to the tender form which signifies how likely the company is to accept your request for share buybacks.
Different companies have different ratios for share buybacks. Here is what you can expect in a typical tender form given by a company. There are normally three fields as follows:
- The number of shares you hold from the said company as on the record date
- The number of shares that fit the eligibility criteria for buybacks
- The number of shares that one is applying for a buyback.
Apply Suprajit Engineering buyback from Zerodha
Here is complete method from Zerodha You can apply for Buybacks on Console> Portfolio> Corporate action order window
- Hover your mouse on the stock and select ‘Options’ and click on ‘Place order’
- Enter the number of shares you want to tender and click on ‘Submit’
- Buyback/Takeover/Delisting orders are collected until 6:00 PM, one trading day prior to the offer end date. Ensure to hold sufficient quantities in your demat account before closure of the offer end date. (Do not sell the shares after placing the order). Only shareholders who hold the shares as on the record date will be eligible for the corporate action.
Apply Suprajit Engineering buyback from UPSTOX
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About Suprajit Engineering Ltd.
Incorporated as a Private Limited Company in 1985, Suprajit Engineering Limited started manufacturing high quality liner cables to exacting Japanese standards for the automotive industry in 1987.
Currently catering to a wide spectrum of automotive and non-automotive cable requirements, Suprajit Engineering has achieved phenomenal growth and has cemented itself as India’s largest manufacturer of automotive cables.
Suprajit is now listed in the Indian bourses and is amongst the top five cable manufacturers in the world.
Head Quartered in Bangalore- India Suprajit has transitioned from a single product, single customer, single segment, single brand, single location company to a multi-product, multi-business, multi-customer, multi-brand, multi-location global company making it truly diversified without sacrificing its tenets on Quality, Cost, Delivery and Development. It is driven by its single-minded goal of “Customer Satisfaction” and in this pursuit of excellence it continues be recognised as “Value for Money Supplier” to customers across the spectrum.
The Suprajit Group is a global leader in the automotive cable and halogen bulb industry. With a competitive manufacturing base in India, UK, US and Mexico, along with our technical and logistical supports worldwide, the group provides the optimal product development and manufacturing solutions to its domestic and international customers.
The Group comprises of Suprajit Engineering Limited (which includes Phoenix Lamps), Suprajit Automotive Limited, Suprajit Europe Limited, Wescon Controls LLC, and Suprajit Inc USA.
With a compounded annual growth of over 25+%, the group has one of the largest manufacturing capacities in world with 300+ million cables per year and 80+ million bulbs per year.
Why Suprajit Engineering buyback of shares?
Buy-back is the acquisition by a company of its own shares. Buy-back is an efficient form of returning surplus cash to the members holding equity shares of the Company, inter-alia, for the following reasons:
- The Buy-back will help the Company to return surplus cash to its members holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to members;
- The Buy-back, which is being implemented through the Tender Offer route as prescribed under the Buy-back Regulations, would involve allocation of higher of number of shares as per their entitlement or 15% of the number of shares to be bought back, reserved for the small shareholders. The Company believes that this reservation of 15% for small shareholders would benefit a large number of public shareholders, who would get classified as “small shareholder”
- The Buy-back would help in improving return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders’ value; and
- The Buy-back gives an option to the members holding equity shares of the Company, who can choose to participate and get cash in lieu of Equity Shares to be accepted under the Buy-back offer or they may choose to not participate and enjoy a resultant increase in their percentage shareholding, post the Buy-back offer, without additional investment.
Suprajit Engineering Financial
Profit & Loss – Suprajit Engineering Ltd.Rs (in Crores)
| Mar’20 | Mar’19 | Mar’18 | Mar’17 | Mar’16 | |
| 12Months | 12Months | 12Months | 12Months | 12Months | |
| INCOME: | |||||
| Sales Turnover | 1070.95 | 1058.49 | 987.92 | 942.31 | 653.17 |
| Excise Duty | .00 | .00 | 23.10 | 91.01 | 65.24 |
| NET SALES | 1070.95 | 1058.49 | 964.82 | 851.30 | 587.94 |
| Other Income | 25.2840 | 30.6720 | 22.8120 | 17.2700 | 12.5753 |
| TOTAL INCOME | 1096.23 | 1089.17 | 987.63 | 868.57 | 600.51 |
| EXPENDITURE: | |||||
| Manufacturing Expenses | 18.05 | 18.39 | 17.94 | 16.13 | 9.14 |
| Material Consumed | 664.62 | 662.77 | 598.93 | 524.74 | 363.59 |
| Personal Expenses | 143.53 | 144.46 | 125.10 | 111.69 | 72.57 |
| Selling Expenses | 1.55 | 2.64 | 1.99 | 1.75 | .54 |
| Administrative Expenses | 53.36 | 51.57 | 47.78 | 46.88 | 42.90 |
| Expenses Capitalised | .00 | .00 | .00 | .00 | .00 |
| Provisions Made | .00 | .00 | .00 | .00 | .00 |
| TOTAL EXPENDITURE | 881.11 | 879.83 | 791.75 | 701.19 | 488.74 |
| Operating Profit | 189.83 | 178.66 | 173.07 | 150.11 | 99.20 |
| EBITDA | 215.12 | 209.34 | 195.88 | 167.38 | 111.78 |
| Depreciation | 25.91 | 20.25 | 18.44 | 15.88 | 8.43 |
| Other Write-offs | .00 | .00 | .00 | .00 | .00 |
| EBIT | 189.21 | 189.08 | 177.44 | 151.50 | 103.34 |
| Interest | 13.42 | 15.19 | 18.45 | 22.57 | 19.44 |
| EBT | 175.79 | 173.89 | 158.99 | 128.93 | 83.90 |
| Taxes | 26.46 | 59.07 | 54.35 | 37.80 | 28.23 |
| Profit and Loss for the Year | 149.32 | 114.82 | 104.64 | 91.12 | 55.67 |
| Non Recurring Items | -26.28 | -.78 | -.50 | -5.65 | -5.69 |
| Other Non Cash Adjustments | .00 | .00 | .00 | .00 | .00 |
| Other Adjustments | .29 | .78 | .50 | .21 | .00 |
| REPORTED PAT | 123.33 | 114.82 | 104.64 | 85.69 | 49.97 |
| KEY ITEMS | |||||
| Preference Dividend | .00 | .00 | .00 | .00 | .00 |
| Equity Dividend | 30.12 | 17.89 | 14.58 | 13.10 | 11.72 |
| Equity Dividend (%) | 215.33 | 127.94 | 104.24 | 93.62 | 89.21 |
| Shares in Issue (Lakhs) | 1398.72 | 1398.72 | 1398.72 | 1398.72 | 1313.39 |
| EPS – Annualised (Rs) | 8.82 | 8.21 | 7.48 | 6.13 | 3.81 |
Rs (in Crores)
All figures in Rs Cr, unless mentioned otherwise
Source: https://economictimes.indiatimes.com/
Suprajit Engineering Ltd. – Contact Details
| Company Contact Details |
| Registered Office Plot No. 100, Bommasandra Industrial Area, Bengaluru – 560 099 Investor Grievance Investors Relation Team Ms. Bhargavi Aithal – Sr. Manager- Corporate Communications Compliance Officer |
***Related Queries***
Suprajit Engineering Buyback Important dates – Record Date, Buyback Start and End date. Buyback Details – Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit.
What is the record date for Suprajit Engineering buyback?
How can I apply in Suprajit Engineering Buyback offer?
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Suprajit Engineering Buyback 2021 FAQs:
Suprajit Engineering buyback 2021 record date has fixed February 22, 2021.
Suprajit Engineering buyback 2021 announcement date is February 10, 2021.
Suprajit Engineering is announced the buyback at a price range of Rs 320 per share which is at a premium of 30%.
As per the Suprajit Engineering record date (22.02.2021) you need to have Suprajit Engineering India shares in your demat account. You can participate in buyback after having the stock in your account.
You can earn a premium of 30% from current market price.
Its all depend on acceptance ratio which usually announce with Letter of Offer. The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares.
Steps to participate in Suprajit Engineering buyback:
On Record date (08.02.2021) you must have share of Suprajit Engineering in your demat account. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly.
After that company announces buyback open and close window, so you need to tender your share in buyback process. You can do this online or contact your broker to tender your share in buyback, so he can place a request on your behalf.
Next step is with registrar – depend on buyback acceptance ratio, your shares will be sold in buyback process and fund will directly debited in your bank account. Any rejected share will be revert in your demat account which you can sell in open market or hold for long term gain.
Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.
Buyback opening date for Suprajit Engineering India Ltd.: (08.04.2021)
Buyback closing date for Suprajit Engineering India Ltd.: (26.04.2021)
This is the window when you need to submit your application for proposal for share buyback.
As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar on or before (Coming Soon).