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Elegant Marbles & Grani Industries Buyback 2023 vs SM Auto Stamping Buyback 2023

Comparision between Elegant Marbles & Grani Industries Buyback 2023 and SM Auto Stamping Buyback 2023.

Buyback Details

Elegant Marbles & Grani Industries Buyback 2023 is a Tender Offer buyback proposed to list at BSE while SM Auto Stamping Buyback 2023 is a Tender Offer proposed to list at BSE.

  Elegant Marbles & Grani Industries SM Auto Stamping Limited
Logo Elegant Marbles & Grani Industries Buyback 2023 Logo SM Auto Stamping Buyback 2023 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE BSE
Face Value ₹10 per share ₹10 per share
Buyback Price ₹385 per share ₹60 per share
Issue Size 6,97,000 shares 6,00,000 shares
Issue Size (Amount) ₹26.83 Crores ₹3.60 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders86 Equity Shares out of every 353 Fully paid-up Equity Shares held on the Record Date.104,550.00
General Category for all other Eligible Shareholders161 Equity Shares out of every 878 Fully paid-up Equity Shares held on the Record Date.529,450.00
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders1 Equity Shares out of every 6 Fully paid-up Equity Shares held on the Record Date.90,000.00
General Category for all other Eligible Shareholders1 Equity Shares out of every 27 Fully paid-up Equity Shares held on the Record Date.510,000.00
Registrar Link Intime India Private Ltd Bigshare Services Pvt Ltd
Lead Managers Sundae Capital Advisors Saffron Capital Advisors Private Limited
Necessity of the buyback

The Board is of the view that the proposed Buyback will help the Company achieve the following objectives

  1. Optimize returns to shareholders;
  2. Enhance overall shareholders value and
  3. Optimizes the capital structure. The above objectives will be achieved by returning part of surplus cash to shareholders through the Buyback process. This may lead to reduction in outstanding Equity Shares, improvement in earnings per Equity Share and enhanced return on invested capital.

The Buyback is being undertaken, after taking into account the strategic and operational cash requirements of the company in the medium term and for returning surplus funds to the shareholders in an effective and efficient manner:

The buyback is undertaken for the following reasons

(i) The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares thereby, enhancing the overall return to shareholders;

(ii) The Buyback, which is being implemented through the tender offer route as prescribed under the SEBI Buyback Regulations, would involve the allocation of several Equity Shares as per their entitlement or 15% of the number of Equity Shares to be repurchased whichever is higher, reserved for the small shareholders. The Company believes that this reservation for small shareholders would benefit a large number of public shareholders, who would get classified as "small shareholders" as per Regulation 2(i)(n) of the SEBI Buyback Regulations;

(iii) The Buyback may help in improving return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders' value; and

(iv) The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash instead of Equity Shares to be accepted under the Buyback offer or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer, without additional investment.

Buyback Timetable

Elegant Marbles & Grani Industries Buyback 2023 and SM Auto Stamping Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Elegant Marbles & Grani Industries Buyback 2023 Buyback record date is Jan 05, 2024. SM Auto Stamping Buyback 2023 Buyback record date is Dec 22, 2023.

  Elegant Marbles & Grani Industries SM Auto Stamping Limited
Record Date Jan 05, 2024 Dec 22, 2023
Offer Open Date Jan 11, 2024 Dec 29, 2023
Offer Closure Date Jan 17, 2024 Jan 04, 2024
Last date for receipt of tender forms Jan 19, 2024 Jan 04, 2024
Finalisation of buyback Jan 10, 2024
Last Date for settlment of bids Jan 24, 2024 Jan 11, 2024
Last Date for extinguishment of shares Feb 05, 2024 Jan 22, 2024

Financial Details and Other Relevent Information

Comparison of Elegant Marbles & Grani Industries Buyback 2023 and SM Auto Stamping Buyback 2023 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Elegant Marbles & Grani Industries SM Auto Stamping Limited
Financial

Elegant Marbles & Grani Industries Financial Information (Restated Standalone)

Elegant Marbles & Grani Industries's revenue increased by 26.93% and profit after tax (PAT) rose by 13.02% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets
Revenue17.6937.8529.8211.95
Profit After Tax2.603.042.69-0.79
Net Worth140.82105.96105.5091.42
Reserves and Surplus137.16102.30101.8487.76
Amount in ₹ Crore

SM Auto Stamping Limited Financial Information (Restated Consolidated)

SM Auto Stamping Limited's revenue increased by 26.65% and profit after tax (PAT) dropped by -12.5% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets
Revenue36.8570.1555.3939.61
Profit After Tax1.503.323.79-1.65
Net Worth21.1119.6118.0814.29
Reserves and Surplus6.825.323.790.00
Total Borrowing
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2023 333.80 187.00 316.33
Oct-2023 208.70 170.35 185.96
Oct-2023 186.85 160.00 172.24

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2023 49.35 40.00 45.64
Oct-2023 40.00 39.50 39.75
Sep-2023 44.99 39.06 42.20
Stock price at NSE

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