Elegant Marbles of ₹26.83 crores approved by the board of directors at the meeting was held on November 11, 2023. Elegant Marbles 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 ₹10 each equity share at a price of ₹385 per Equity Share and for an aggregate amount not exceeding ₹26.83 crores from the shareholders. Check out Elegant Marbles Buyback 2024 details below:
Elegant is India’s number-one brand for luxury stone with more than 35 years of experience & a rich history which backs up its reputation. it has spread over 35000 square feet in Mumbai’s largest marble stockyard located in the center of what has now become the famous marble market of India. Elegant brings international brands such as Versace Ceramics and Glass2 large format glass surface to India. As India’s Premier exporter and manufacturer of Italian Marble company has a demonstrated expertise in selecting and supplying high quality materials.
Elegant Marbles History
- N/A
Elegant Marbles Buyback 2024 Dates
| Buyback Meeting Date: | November 11, 2023 |
| Buyback Announcement Date: | November 11, 2023 |
| Buyback Record Date: | January 5, 2024 |
| Last Date to Buy Shares: | January 4, 2024 |
| Buyback Open Date: | January 11, 2024 |
| Buyback Close Date: | January 17, 2024 |
| Finalization of Buyback Acceptance: | 2024 |
Elegant Marbles Buyback 2024 Offer Details
Elegant Marbles of 697,000 equity shares at a price of ₹385 per equity share. The buyback offers not to exceed ₹26.83 crores of the total buyback offer size.
| Offer Amount: | ₹26.83 Crores |
| Number of Shares: | 697,000 Equity Shares |
| Face Value: | ₹10 per equity share |
| Buyback Price: | ₹385 per equity share |
| Listing: | BSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
Elegant Marbles Buyback 2024 Acceptance Ratio
The investor should buy around 519 shares at a current market price of ₹324 (as of date). The calculation will be ₹2,00,000 / ₹385 buyback price = 519 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹168,156 | 171 | ₹10,431 |
| 50% | ₹168,156 | 259 | ₹15,799 |
| 75% | ₹168,156 | 389 | ₹23,729 |
| 100% | ₹168,156 | 519 | ₹31,659 |
Elegant Marbles Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹9.26 | ₹12.6 | ₹-0.79 |
| 2022 | ₹27.82 | ₹26.33 | ₹2.69 |
| 2023 | ₹35.65 | ₹31.67 | ₹3.04 |
How to Participate in Elegant Marbles Buyback 2024
The investors are eligible for the buyback scheme who have Elegant Marbles shares in their Demat Account as the Record Date. Eligible Share Holders can participate in the Elegant Marbles Buyback 2024 scheme as per the opening form by selling their shares. The payment will be given as per the Elegant Marblesepted shares by the company under the Elegant Marbles scheme.
Elegant Marbles Buyback 2024 Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/mipo/ipoallotment.html
Elegant Marbles Buyback 2024 Lead Managers
- Sundae Capital Advisors
Elegant Marbles Company Address
Elegant Marbles & Grani Industries
E-7/9, RICCO Industrial Area
Abu Road – 307026
Phone: 022-24960771
Email: [email protected]
Website: https://elegantmarbles.com/
How to Apply the Elegant Marbles 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 “Elegant Marbles”. Click on Place Order. Enter your Quantity and submit Elegant Marbles Application Form.
How to Apply the Elegant Marbles through Upstox?
Log in to Upstox Application with your credentials. Select the Elegant Marblesount Section. You will see the Company Name “Elegant Marbles”. Click on Elegant Marbles Stock for Buyback. Enter your Quantity and submit Elegant Marbles Application Form.
How to Apply the Elegant Marbles through Elegant Marbles Money?
Log in to Elegant Marbles Money Application with your credentials. Select the Elegant Marbles. Enter your Quantity and submit Elegant Marbles Application Form.
