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Elegant Marbles & Grani Industries Buyback 2023 vs Siyaram Silk Mills Buyback 2023

Comparision between Elegant Marbles & Grani Industries Buyback 2023 and Siyaram Silk Mills Buyback 2023.

Buyback Details

Elegant Marbles & Grani Industries Buyback 2023 is a Tender Offer buyback proposed to list at BSE while Siyaram Silk Mills Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.

  Elegant Marbles & Grani Industries Siyaram Silk Mills Limited
Logo Elegant Marbles & Grani Industries Buyback 2023 Logo Siyaram Silk Mills Buyback 2023 Logo
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 ₹720 per share
Issue Size 6,97,000 shares 14,99,992 shares
Issue Size (Amount) ₹26.83 Crores ₹108.00 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 Shareholders53 Equity Shares out of every 457 Fully paid-up Equity Shares held on the Record Date.224,999.00
General Category for all other Eligible Shareholders21 Equity Shares out of every 739 Fully paid-up Equity Shares held on the Record Date.1,274,993.00
Registrar Link Intime India Private Ltd Link Intime India Private Ltd
Lead Managers Sundae Capital Advisors Vivro Financial Services 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 Buy Back is being proposed by the Company to fulfill the following objectives:

  1. The Buy Back will help the Company to return surplus cash to its shareholders.
  2. The Buy Back, which is being implemented through the tender offer involving a reservation for Small Shareholders of 15%. The Company believes that this reservation of 15% for Small Shareholders would benefit a large number of public shareholders.
  3. The Buy-back will help in improving financial ratios like earnings per share, return on assets, and return on equity calculated on the basis of financial statements, by reducing the equity base of the Company.
  4. The Buy Back gives an option to the shareholders holding Equity Shares of the Company, to either choose to participate and get cash in lieu of Equity Shares or choose not to participate and enjoy a resultant increase in their percentage shareholding.

Buyback Timetable

Elegant Marbles & Grani Industries Buyback 2023 and Siyaram Silk Mills 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. Siyaram Silk Mills Buyback 2023 Buyback record date is Sep 18, 2023.

  Elegant Marbles & Grani Industries Siyaram Silk Mills Limited
Record Date Jan 05, 2024 Sep 18, 2023
Offer Open Date Jan 11, 2024 Sep 25, 2023
Offer Closure Date Jan 17, 2024 Oct 03, 2023
Last date for receipt of tender forms Jan 19, 2024 Oct 03, 2023
Finalisation of buyback Oct 09, 2023
Last Date for settlment of bids Jan 24, 2024 Oct 10, 2023
Last Date for extinguishment of shares Feb 05, 2024 Oct 19, 2023

Financial Details and Other Relevent Information

Comparison of Elegant Marbles & Grani Industries Buyback 2023 and Siyaram Silk Mills 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 Siyaram Silk Mills 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
Siyaram Silk Mills Buyback 2023 Financial Information (Restated Consolidated)
Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Assets1,503.231,210.491,512.901,636.73
Revenue1,733.111,130.091,939.422,272.77
Profit After Tax69.253.58216.24250.99
Net Worth
Reserves and Surplus
Total Borrowing431.83160.46253.18190.94
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
Jul-2023 575.00 534.90 553.43
Jun-2023 567.30 519.35 541.40
May-2023 584.55 486.60 529.33
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2023 575.00 534.10 553.40
Jun-2023 567.70 519.00 541.55
May-2023 584.60 486.95 529.34

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