Somany Ceramics Buyback 2023 Record Date, Price, Entitlement Ratio


Last updated on December 20, 2023

Somany Ceramics Buyback 2023

Somany Ceramics Buyback 2023 description – Somany Ceramics a leading ceramic and tile manufacturer, has emerged as an internationally acclaimed organization that specializes in the manufacture of ceramic tiles, sanitaryware, and bath fittings. The company offers a wide range of products at various price points, positioning itself as a premium brand that delivers innovative, high-quality solutions for both residential and commercial customers.

The company offers a diverse range of products including ceramic tiles, vitrified tiles in glazed and non-glazed forms, sanitaryware, bath fittings, and porcelain floor tiles that come in different textures, shapes, and sizes.

Somany Ceramics has a distribution network extending to more than 80 countries spanning six continents, the company has stayed true to its roots by maintaining 11 state-of-the-art production facilities within India. It has a network of over 500 exclusive showrooms and a robust distribution chain comprising more than 15,000 dealers and sub-dealers.

Somany Ceramics

Somany Ceramics Share Buyback 2023 Details

Somany Ceramics Buyback Dates21 – 28 Dec 2023
Somany Ceramics Buyback Price INR 850 per share
Market Price on Buyback ApprovalINR 659.10 per share
Buyback Premium on Market Price28.96%
Buyback Offer Size (Shares)14,70,588 shares
Buyback Offer Size (Amount)INR 125 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 2 per share
Listing AtBSE, NSE

Somany Ceramics Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal20 October 2023
Buyback Approval Date26 October 2023
Public Announcement of Buyback6 December 2023
Somany Ceramics Buyback Record Date15 December 2023
Buyback Opening Date21 December 2023
Buyback Closing Date28 December 2023
Cut-off Date to receive completed tender forms by Registrar28 December 2023
Verification Date by the Registrar2 January 2024
Return of unaccepted shares by Registrar4 January 2024
Extinguishment of accepted shares12 January 2024

Somany Ceramics Buyback 2023 Documents

Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback

Somany Ceramics 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)
*Calculated by IPO Central

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

Somany Ceramics Financial Performance

FY 2021FY 2022FY 2023
Total Expenses1,561.131,981.522,398.01
Net income 61.2793.4166.92
Figures in INR crore 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 850
Maximum shares for small shareholder (2,00,000/850)236 shares *
Closing price of stock as on 26 October 2023INR 659.10**
Maximum amount invested in buyback (INR 659.10 x 236 shares)INR 1,55,547.6
* No. of shares stands to change according to the closing price on record date
** For simplicity, we have considered price on buyback approval date

Somany Ceramics Buyback Acceptance Ratio

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %
2364141 (100%)7,826.95.03
2364182 (200%)15,653.810.06
23641123 (300%)23,480.715.10

Registrar of Somany Ceramics Buyback 2023

Office No. 23, R.N. Mukherjee Road,
5th floor, Kolkata, West Bengal, 700001
Telephone: 033-22435809/22435029
Email: [email protected]

Manager of Somany Ceramics Buyback 2023

ICICI Venture House, Appasaheb Marathe Marg,
Prabhadevi, Mumbai 400025 Maharashtra
Phone: + 91-22 6807 7100
Email: somanybuyback@icicisecurities .com
Website: www.icicisecurities .com

The process to Participate in Somany Ceramics 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 Somany Ceramics buyback dates?

Somany Ceramics share buyback opens on 21 December 2023 and closes on 28 December 2023.

Which type of buyback is Somany Ceramics buyback offer?

Somany Ceramics buyback is a tender offer.

What is Somany Ceramics buyback price?

Somany Ceramics buyback price is INR 850 per share.

What is Somany Ceramics buyback record date?

Somany Ceramics buyback record date is 15 December 2023.

How to participate in Somany Ceramics share buyback?

Somany Ceramics 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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