Elegant Marbles Buyback 2023 Record Date, Price, Entitlement Ratio

Elegant Marbles Buyback 2023

Elegant Marbles Buyback 2023 description – Incorporated in 1984, Elegant Marbles and Grani is an exporter of premium Italian and exotic marbles. The company produces Quartz, Engineered Marble, tiles, and other surfaces used in construction and interior design.

The company’s factory is situated on Abu Road, Rajasthan spread across an area of 2.5 million square feet. Elegant Marbles has supplied over 6,000 projects in India and abroad. Its export business is concentrated primarily in North America, GCC, Africa, and Europe.

The company is an authorized dealer of Versace Ceramics also has brands like Lamborghini tiles, Valentino tiles, Roberto Cavalli, Winkelmann, and Sienna.

Elegant Marbles & Grani Industries Buyback

Elegant Marbles Share Buyback 2023 Details

Elegant Marbles Buyback Dates11 – 17 January 2024
Elegant Marbles Buyback Price INR 385 per share
Market Price on Buyback ApprovalINR 299.7 per share
Buyback Premium on Market Price28.46%
Buyback Offer Size (Shares)6,97,000 shares
Buyback Offer Size (Amount)INR 26.83 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 10 per share
Listing AtBSE

Elegant Marbles Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal8 November 2023
Buyback Approval Date11 November 2023
Public Announcement of Buyback26 December 2023
Elegant Marbles Buyback Record Date5 January 2024
Buyback Opening Date11 January 2024
Buyback Closing Date17 January 2024
Cut-off Date to receive completed tender forms by Registrar19 January 2024
Verification Date by the Registrar19 January 2024
Return of unaccepted shares by Registrar24 January 2024
Extinguishment of accepted shares5 February 2024

Elegant Marbles & Grani Industries Buyback 2023 Documents

Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback

Elegant Marbles Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(less than INR 2 Lakh on record date)
General category
(for all other Eligible Shareholders)

A small Shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.

Elegant Marbles Financial Performance

FY 2021FY 2022FY 2023
Total Expenses12.7426.6832.12
Net income (0.79)2.693.04
Figures in INR Crores unless specified otherwise

Calculation of Investment in Buyback

Maximum market value of a share holder as on record dateINR 2,00,000
Buyback price per shareINR 385
Maximum shares for small shareholders (2,00,000/385)520 shares *
Closing price of stock as of 11 November 2023INR 299.7**
Maximum amount invested in buyback (INR 299.7 x 520 shares)INR 1,55,844
* No. of shares stands to change according to the closing price on the record date
** For simplicity, we have considered the price on the buyback approval date

Elegant Marbles Buyback Acceptance Ratio

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %
520127127 (100%)10,833.16.95
520127254 (200%)21,666.213.90
520127381 (300%)32,499.320.85

Registrar of Elegant Marbles & Grani Industries Buyback 2023

C-101, 247 Park, 1st Floor, L.B.S. Marg,
Vikhroli West, Mumbai, 400 083, Maharashtra
Phone: +91 81081 14949
Email: [email protected]
Website: www.linkintime.com

Manager of Elegant Marbles & Grani Industries Buyback 2023

404, 4th floor, Vaibhav Chambers, Opp. Income Tax Office,
Bandra Kurla Complex Bandra (East), Mumbai – 400051
Phone: +91 22 3501 4499
Email: [email protected]
Website: www.sundaecapital.com

Process to Participate in Elegant Marbles Buyback

All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stockbroker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.

The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.

The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.

Frequently Asked Questions

What are Elegant Marbles buyback dates?

Elegant Marbles share buyback opens on 11 January 2024 and closes on 17 January 2024.

Which type of buyback is Elegant Marbles buyback offer?

Elegant Marbles buyback is a tender offer.

What is Elegant Marbles buyback price?

Elegant Marbles buyback price is INR 385 per share.

What is Elegant Marbles buyback record date?

Elegant Marbles buyback record date is 5 January 2024.

How to participate in Elegant Marbles share buyback?

Elegant Marbles share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.


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