Suprajit Engineering of ₹112.50 crores approved by the board of directors at the meeting was held on August 13, 2024. Suprajit Engineering will be done via the Tender Offer route through the stock exchange mechanism. The board of directors of the company approved the buyback by the Company of its fully paid-up equity shares having a face value of ₹1 each equity share at a price of ₹750 per Equity Share and for an aggregate amount not exceeding ₹112.50 crores from the shareholders. Check out Suprajit Engineering Buyback 2024 details below:
Bengaluru-based Suprajit Engineering is the largest automotive cable and halogen bulb maker in India. It was incorporated in 1985 and currently has an annual global capacity of 400 Million cables and 110 Million halogen bulbs. They started their business with a single client, a single product manufacturer, supplying high-quality liner cables automotive industry. They have diversified its business profile and consolidated its market position across all its product segments. Today they cover large number of global automotive industries. Suprajit primarily manufactures mechanical control cables for the automotive and non-automotive segments such as speedometers for 2Ws, halogen lamps for 2Ws, 3Ws, PV, CV, off-road applications, and Non-Auto Control Cables for Outdoor Power Equipment.
Suprajit Engineering History
- N/A
Suprajit Engineering Buyback 2024 Dates
| Buyback Meeting Date: | August 13, 2024 |
| Buyback Announcement Date: | August 13, 2024 |
| Buyback Record Date: | August 27, 2024 |
| Last Date to Buy Shares: | August 26, 2024 |
| Buyback Open Date: | September 2, 2024 |
| Buyback Close Date: | September 6, 2024 |
| Finalization of Buyback Acceptance: | September 12, 2024 |
Suprajit Engineering Buyback 2024 Offer Details
Suprajit Engineering of 1,500,000 equity shares at a price of ₹750 per equity share. The buyback offers not to exceed ₹112.50 crores of the total buyback offer size.
| Offer Amount: | ₹112.50 Crores |
| Number of Shares: | 1,500,000 Equity Shares |
| Face Value: | ₹1 per equity share |
| Buyback Price: | ₹750 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
Suprajit Engineering Buyback 2024 Acceptance Ratio
The investor should buy around 267 shares at a current market price of ₹540 (as of date). The calculation will be ₹2,00,000 / ₹750 buyback price = 267 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹[.] | [.] | ₹[.] |
| 50% | ₹[.] | [.] | ₹[.] |
| 75% | ₹[.] | [.] | ₹[.] |
| 100% | ₹[.] | [.] | ₹[.] |
Suprajit Engineering Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹1,300.97 | ₹1,094.73 | ₹112.42 |
| 2023 | ₹1,474.60 | ₹1,226.92 | ₹186.78 |
| 2024 | ₹1,608.29 | ₹1,317.99 | ₹235.99 |
How to Participate in Suprajit Engineering Buyback 2024
The investors are eligible for the buyback scheme who have Suprajit Engineering shares in their Demat Account as the Record Date. Eligible Share Holders can participate in the Suprajit Engineering Buyback 2024 scheme as per the opening form by selling their shares. The payment will be given as per the Suprajit Engineeringepted shares by the company under the Suprajit Engineering scheme.
Suprajit Engineering Buyback 2024 Registrar
Integrated Registry Management Services Private Limited
2nd Floor, Kences Towers,
No.1 Ramakrishna street, North Usman Road,TNagar,
Chennai – 600017
Phone: 044 – 28140801 to 28140803
Email: [email protected]
Website: https://www.integratedregistry.in/registrarstosta.aspx?od=1
Suprajit Engineering Buyback 2024 Lead Managers
- Finshore Management Services Limited
Suprajit Engineering Company Address
Suprajit Engineering Limited
No.100 & 101,
Bommasandra Industrial Area
Bengaluru, -, 560 099
Phone: +91080-43421100
Email: [email protected]
Website: https://suprajit.com/
How to Apply the Suprajit Engineering through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “Suprajit Engineering”. Click on Place Order. Enter your Quantity and submit Suprajit Engineering Application Form.
How to Apply the Suprajit Engineering through Upstox?
Log in to Upstox Application with your credentials. Select the Suprajit Engineering. You will see the Company Name “Suprajit Engineering”. Click on Suprajit Engineering Stock for Buyback. Enter your Quantity and submit Suprajit Engineering Application Form.
How to Apply the Suprajit Engineering through Suprajit Engineering Paytm Money?
Log in to Paytm Money Application with your credentials. Select the Suprajit Engineering. Enter your Quantity and submit Suprajit Engineering Application Form.
