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Established in 1994, Mayur Uniquoters is the largest manufacturer of artificial leather, using the 'Release Paper Transfer Coating Technology' in India.
The company produces 4.05 million linear meters per month, through 7 Italian coating lines. The company also has a PU coating plant with a current capacity of 6 lacs linear meters per month.
The company's infrastructure consists of a full range of machinery to fulfill their knitting, processing, heat setting, coating, embossing, printing, lacquering, sueding, tumbling, and laminating needs. Mayur Uniquoters' physical, chemical, and product development laboratories are capable of testing predominantly all properties of artificial leather for different segments and applications. The company has ISO 9001:2015 certification.
Issue Period | August 29, 2024 - September 4, 2024 |
Security Name | Mayur Uniquoters Ltd. |
Issue Type | Tender Offer |
Issue Size (Shares) | 500,000 (1.14 % of Total number of equity Shares) |
Issue Size (Amount) | ₹40.00 Crores |
Buyback Price | ₹800 per share |
Face Value | ₹5 per share |
Listing At | BSE, NSE |
Last Date to buy shares | August 22, 2024 |
Record Date | August 23, 2024 |
Offer Opens On | August 29, 2024 |
Last Date for receipt of Tender Forms | September 4, 2024 |
Offer Closes On * | September 4, 2024 |
Finalisation of Buyback Acceptance | September 10, 2024 |
Last Date for settlment of bids | September 11, 2024 |
Last Date for Extinguishment of Shares | September 23, 2024 |
Category | Entitlement Ratio of Buyback | Shares Offered |
---|---|---|
Reserved Category for Small Shareholders | 1 Equity Shares out of every 27 Fully paid-up Equity Shares held on the Record Date. | 75,000.00 |
General Category for all other Eligible Shareholders | 3 Equity Shares out of every 296 Fully paid-up Equity Shares held on the Record Date. | 425,000.00 |
Mayur Uniquoters Ltd.'s revenue increased by 5% and profit after tax (PAT) rose by 18% between the financial year ending with March 31, 2024 and March 31, 2023.
Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
Assets | 871.04 | 821.93 | ||||||||||||||||||||||||||||
Revenue | 834.83 | 793.38 | 676.82 | |||||||||||||||||||||||||||
Profit After Tax | 122.47 | 104.21 | 94.37 | |||||||||||||||||||||||||||
Reserves and Surplus | 742.25 | 696.75 | ||||||||||||||||||||||||||||
Amount in ₹ Crore |
Month | High Price | Low Price | Average Price |
---|---|---|---|
Jul-2024 | 684.40 | 575.00 | 628.60 |
Jun-2024 | 695.00 | 488.00 | 611.31 |
May-2024 | 578.10 | 496.05 | 527.10 |
Month | High Price | Low Price | Average Price |
---|---|---|---|
Jul-2024 | 685.00 | 577.45 | 628.93 |
Jun-2024 | 695.85 | 486.95 | 611.62 |
May-2024 | 577.80 | 497.65 | 527.49 |
The buy-back of equity shares, through the tender offer route, is being implemented in keeping with the company's desire to enhance overall shareholder value. The buy-back would reduce the outstanding number of equity shares and may consequently increase earnings per equity share over time. This would, in turn, lead to improvement in return on net worth and other financial ratios and contribute to maximization of overall shareholders' value.
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Mayur Uniquoters Ltd.
Village: Jaitpura,
Jaipur-Sikar Road,
Jaipur - 303704
Phone: +91-1423-224001
Email: info@mayur.biz
Website: https://www.mayuruniquoters.com/
Beetal Financial & Computer Services (P) Limited
Beetal House, 3rd Floor,
99, Madangir, Behind Local Shopping Centre,
New Delhi - 110062
Phone: +91 11 29961281
Email: beetal@beetalfinancial.com
Website: http://www.beetalmail.com/smeipo
Lead Manager(s)
Registered Broker
The Mayur Uniquoters Buyback 2024 opens on August 29, 2024, and closes on September 4, 2024.
Last date to be eligible to participate in buyback is August 22, 2024.
The Mayur Uniquoters Buyback 2024 is a Tender Offer.
Mayur Uniquoters Buyback 2024 Schedule
Buyback Opening Date | August 29, 2024 |
Buyback Closing Date | September 4, 2024 |
Last Date for receipt of Tender Forms | September 4, 2024 |
Finalisation of Buyback Acceptance | September 10, 2024 |
Last Date for settlment of bids | September 11, 2024 |
Last Date for Extinguishment of Shares | September 23, 2024 |
The Mayur Uniquoters Buyback 2024 is being offered at Rs ₹800 per share per equity share.
Category | Entitlement Ratio of Buyback | Shares Offered |
---|---|---|
Reserved Category for Small Shareholders | 1 Equity Shares out of every 27 Fully paid-up Equity Shares held on the Record Date. | 75,000.00 |
General Category for all other Eligible Shareholders | 3 Equity Shares out of every 296 Fully paid-up Equity Shares held on the Record Date. | 425,000.00 |
The record date for the Mayur Uniquoters Buyback 2024 is August 23, 2024.
The issue size of Mayur Uniquoters Buyback 2024 is of 500,000 equity shares at ₹800 per share aggregating upto ₹40.00 Crores.
The buy-back of equity shares, through the tender offer route, is being implemented in keeping with the company's desire to enhance overall shareholder value. The buy-back would reduce the outstanding number of equity shares and may consequently increase earnings per equity share over time. This would, in turn, lead to improvement in return on net worth and other financial ratios and contribute to maximization of overall shareholders' value.
All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.
The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.
The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.
The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.
The Mayur Uniquoters Buyback 2024 offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.
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Closing date 4/9/24