Elegant Marbles Buyback 2024 Record Date, Price & Ratio Details

Elegant Marbles Buyback 2024 details: The Elegant Marbles open date is January 11, 2024. Elegant Marbles record date January 5, 2024. The investor should buy the Elegant Marbles shares before the record date to get eligibility for the buyback.
Elegant Marbles Buyback

Table of Contents

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 RatioInvestmentShares BuybackProfit
33%₹168,156171₹10,431
50%₹168,156259₹15,799
75%₹168,156389₹23,729
100%₹168,156519₹31,659

Elegant Marbles Financial Report

₹ in Crores
YearRevenueExpensePAT
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.

Elegant Marbles Buyback 2024 FAQs


When is Elegant Marbles Buyback 2024 Record Date?

Elegant Marbles Buyback 2024 record date is January 5, 2024.

When is Elegant Marbles Buyback 2024 Open Date?

Elegant Marbles Buyback 2024 open date is January 11, 2024.

What is Elegant Marbles Buyback 2024 Price?

The company has fixed the price at ₹385 per share.

How to apply for Elegant Marbles Buyback 2024?

As per the record date you need to have Elegant Marbles shares in your Demat Account. You can participate in buyback after having the stock in your Account.

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