Siyaram Silk Mills Buyback 2023 Record Date, Price & Ratio Details

Siyaram Silk Mills buyback 2023 was announced on August 12, 2023. The Siyaram Silk Mills buyback open date is Seotenber 25, 2023. Siyaram Silk Mills buyback record date is fixed as on September 18, 2023. The investor should buy the Siyaram Silk Mills shares before the record date to get eligibility for the buyback.

Siyaram Silk Mills

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Siyaram Silk Mills Buyback of ₹107.99 crores approved by the board of directors at the meeting was held on August 12, 2023. Siyaram Silk Mills Buyback 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 ₹2 each equity share at a price of ₹650 per Equity Share and for an aggregate amount not exceeding ₹107.99 crores from the shareholders. Check out Siyaram Silk Mills Buyback 2023 details below:

Siyaram Silk Mills Limited was incorporated in 1978 and is headquartered in Mumbai, India. The Company benefits from having resilient serving portfolios of brands within India. Siyaram Silk Mills Limited is amongst India’s most renowned brands and marketers of fabrics, readymade garments, and other textile products. The Company is famous for its high-quality fabrics and apparel using various blends made from polyviscose, cotton, wool, linen, bamboo, and stretch. In addition, the Company operates and franchises a chain of retail stores, which offer menswear fashion fabrics, apparel, and accessories. The Company sells its products under multiple brands that enjoy high recall value with consumers. They include brand names such as Siyaram, J. Hampstead, Oxemberg, and Cadini. The Company has an extensive distribution network that permeates India, giving an aspiring yet underserved vast population ready access to high-quality fabrics and apparel at attractive price points. This makes Siyaram’s brands the preferred choice in India’s fast-growing yet untapped market. It is backed by highly integrated and state-of-the-art manufacturing and retailing capabilities.

Siyaram Silk Mills Buyback History

  • This is the first Siyaram Silk Mills buyback so there is no historical data.

Siyaram Silk Mills Buyback 2023 Dates

Buyback Meeting Date:August 12, 2023
Buyback Announcement Date:August 12, 2023
Buyback Record Date:September 18, 2023
Last Date to Buy Shares:September 17, 2023
Buyback Open Date:September 25, 2023
Buyback Close Date:October 3, 2023
Finalization of Buyback Acceptance:October 9, 2023
Siyaram Silk Mills Buyback 2023 Tentative Time Table

Siyaram Silk Mills Buyback 2023 Offer Details

Siyaram Silk Mills buyback of 16,61,530 equity shares at a price of ₹650 per equity share. The buyback offers not to exceed ₹107.99 crores of the total buyback offer size.

Offer Amount:₹107.99 Crores
Number of Shares:16,61,530 Equity Shares
Face Value:₹2 per equity share
Buyback Price:₹650 per equity share
Listing:BSE and NSE
Buyback Type:Open Market
Letter of Offer:Click Here

Siyaram Silk Mills Buyback 2023 Acceptance Ratio

The investor should buy around [.] shares at a current market price of ₹[.] (as of date). The calculation will be ₹2,00,000 / ₹[.] buyback price = [.] shares.

Acceptance RatioInvestmentShares BuybackProfit
33%₹161,175101₹12,625
50%₹161,175153₹19,125
75%₹161,175230₹28,750
100%₹161,175307₹38,375

Siyaram Silk Mills Financial Report

₹ in Crores
YearRevenueExpensePAT
2021₹1,088₹1,033₹5
2022₹1,903₹1,569₹213
2023₹2,229₹1,860₹252

How to Participate in Siyaram Silk Mills Buyback 2023

The investors are eligible for the buyback scheme who have Siyaram Silk Mills shares in their Demat Siyaram Silk Millsount as the Record Date.. Eligible Share Holders can participate in the Siyaram Silk Mills Buyback 2023 scheme as per the opening form by selling their shares. The payment will be given as per the Siyaram Silk Millsepted shares by the company under the Siyaram Silk Mills buyback scheme.

Siyaram Silk Mills Buyback 2023 Registrar

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/mipo/ipoallotment.html

Siyaram Silk Mills Buyback 2023 Lead Managers

  • Vivro Financial Services Private Limited

Siyaram Silk Mills Company Address

Siyaram Silk Mills Limited
B – 5, Trade World, Kamala City,
Senapati Bapat Marg, Lower Parel,
Mumbai – 400 013
Phone: +91 22 3040 0500
Email: [email protected]
Website: https://www.siyaram.com/

How to Apply the Siyaram Silk Mills Buyback 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 “Siyaram Silk Mills”. Click on Place Order. Enter your Quantity and submit Siyaram Silk Mills Buyback Application Form.

How to Apply the Siyaram Silk Mills Buyback through Upstox?

Log in to Upstox Application with your credentials. Select the Siyaram Silk Millsount Section. You will see the Company Name “Siyaram Silk Mills”. Click on Siyaram Silk Mills Stock for Buyback. Enter your Quantity and submit Siyaram Silk Mills Buyback Application Form.

How to Apply the Siyaram Silk Mills Buyback through Siyaram Silk Mills Money?

Log in to Siyaram Silk Mills Money Application with your credentials. Select the Siyaram Silk Mills. Enter your Quantity and submit Siyaram Silk Mills Buyback Application Form.

Siyaram Silk Mills Buyback 2023 FAQs


When is Siyaram Silk Mills Buyback 2023 Record Date?

Siyaram Silk Mills buyback 2023 record date is September 18, 2023.

When is Siyaram Silk Mills Buyback 2023 Open Date?

Siyaram Silk Mills buyback 2023 open date is September 25, 2023.

What is Siyaram Silk Mills Buyback 2023 Price?

The company has fixed the price at ₹650 per share.

How to apply for Siyaram Silk Mills Buyback 2023?

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

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