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Comparision between Elegant Marbles & Grani Industries Buyback 2023 and Somany Ceramics Buyback 2023.
Elegant Marbles & Grani Industries Buyback 2023 is a Tender Offer buyback proposed to list at BSE while Somany Ceramics Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.
Elegant Marbles & Grani Industries | Somany Ceramics Limited | |||||||||||||||||||
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Type of Buyback | Tender Offer | Tender Offer | ||||||||||||||||||
Listing At | BSE | BSE, NSE | ||||||||||||||||||
Face Value | ₹10 per share | ₹2 per share | ||||||||||||||||||
Buyback Price | ₹385 per share | ₹850 per share | ||||||||||||||||||
Issue Size | 6,97,000 shares | 14,70,588 shares | ||||||||||||||||||
Issue Size (Amount) | ₹26.83 Crores | ₹125.00 Crores | ||||||||||||||||||
Buyback Ratio |
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Registrar | Link Intime India Private Ltd | Maheshwari Datamatics Pvt. Ltd | ||||||||||||||||||
Lead Managers | Sundae Capital Advisors | ICICI Securities Limited | ||||||||||||||||||
Necessity of the buyback | The Board is of the view that the proposed Buyback will help the Company achieve the following objectives
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The Buyback of shares by the company is proposed to reward the equity shareholders by way of returning surplus funds which is excess of the requirements for ordinary capital expenditure and current investment plan, in an expedient, effective and cost-efficient manner. Below is the broad reason of the proposed buyback.
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Elegant Marbles & Grani Industries Buyback 2023 and Somany Ceramics 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. Somany Ceramics Buyback 2023 Buyback record date is Dec 15, 2023.
Elegant Marbles & Grani Industries | Somany Ceramics Limited | |
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Record Date | Jan 05, 2024 | Dec 15, 2023 |
Offer Open Date | Jan 11, 2024 | Dec 21, 2023 |
Offer Closure Date | Jan 17, 2024 | Dec 28, 2023 |
Last date for receipt of tender forms | Jan 19, 2024 | Dec 28, 2023 |
Finalisation of buyback | Jan 03, 2024 | |
Last Date for settlment of bids | Jan 24, 2024 | Jan 04, 2024 |
Last Date for extinguishment of shares | Feb 05, 2024 | Jan 12, 2024 |
Comparison of Elegant Marbles & Grani Industries Buyback 2023 and Somany Ceramics 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 | Somany Ceramics Limited | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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.
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Somany Ceramics Limited Financial Information (Restated Consolidated)Somany Ceramics Limited's revenue increased by 18.27% and profit after tax (PAT) dropped by -28.37% between the financial year ending with March 31, 2023 and March 31, 2022.
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Stock price at BSE | Stock price at BSE (in preceding 3 months)
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Stock price at BSE (in preceding 3 months)
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Stock price at NSE | Stock price at NSE (in preceding 3 months)
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