Last updated on September 7, 2024
Suprajit Engineering Buyback Record Date is 27 August 2024.Â
Founded in 1985, Suprajit Engineering is a leading manufacturer of automotive cables and components, recognized as India’s largest producer in this sector. The company started by producing high-quality liner cables designed to meet Japanese standards for the automotive industry. Over time, Suprajit has expanded its product line to include control cables, speedometer cables, and auto lamps, serving both domestic and international markets. With a commanding market share—approximately 75% among two-wheeler OEMs and around 32% among four-wheeler OEMs—Suprajit ranks among the top five cable manufacturers globally and is listed on Indian stock exchanges.
The company operates 18 facilities in India, 1 in the USA, 2 in Mexico, 1 in Hungary, and 1 in the UK. Suprajit Engineering is currently the largest manufacturer of automotive cables in India by sales, with a production capacity of 400 million cables per annum. Additionally, the company manufactures halogen lamps with a capacity of 110 million per annum.
Suprajit Engineering Buyback Record Date, Other Details
| Suprajit Engineering Buyback Dates | 2 – 6 September 2024 |
| Suprajit Engineering Buyback Price | INR 750 per share |
| Market Price on Buyback Approval | INR 538.75 per share |
| Buyback Premium on Market Price | 39.21% |
| Buyback Offer Size (Shares) | 15,00,000 shares |
| Buyback Offer Size (Amount) | INR 112.50 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 1 per share |
| Listing At | BSE, NSE |
Suprajit Engineering Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 10 August 2024 |
| Buyback Approval Date | 14 August 2024 |
| Public Announcement of Buyback | 19 August 2024 |
| Suprajit Engineering Buyback Record Date | 27 August 2024 |
| Buyback Opening Date | 2 September 2024 |
| Buyback Closing Date | 6 September 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 6 September 2024 |
| Verification Date by the Registrar | 12 September 2024 |
| Return of unaccepted shares by Registrar | 13 September 2024 |
| Extinguishment of accepted shares | 24 September 2024 |
Suprajit Engineering Buyback 2024 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Suprajit Engineering Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 3/62 | 4.84 |
| General category (for all other Eligible Shareholders) | 1/105 | 0.95 |
A small shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.
Suprajit Engineering Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Total Income | 1,840.0 | 2,752.0 | 2,896.0 |
| Total Expenses | 1,580.0 | 2,439.0 | 2,573.0 |
| Net Income | 173.0 | 152.0 | 167.0 |
Calculation of Investment in Buyback
| Maximum market value of a shareholder as on record date | INR 2,00,000 |
| Buyback price per share | INR 750 |
| Maximum shares for small shareholders (2,00,000/750) | 267 shares * |
| The closing price of the stock as of 14 August 2024 | INR 538.75** |
| Maximum amount invested in buyback (INR 538.75 x 267 shares) | INR 1,43,846.25 |
**Â For simplicity, we have considered the price on the buyback approval date
Suprajit Engineering Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 267 | 12 | 12 (100%) | 2,535 | 1.76 |
| 267 | 12 | 24 (200%) | 5,070 | 3.52 |
| 267 | 12 | 36 (300%) | 7,605 | 5.29 |
Registrar of Suprajit Engineering Buyback 2024
INTEGRATED REGISTRY MANAGEMENT SERVICES PRIVATE LIMITED
No. 30, Ramana Residency, 4th Cross Sampige Road,
Malleswaram, Bengaluru – 560003, India
Phone:Â +91-80-23460815/816/817/818
Email:Â [email protected]
Website:Â www.integratedindia.in
Manager of Suprajit Engineering Buyback 2024
FINSHORE MANAGEMENT SERVICES LIMITED
Anandlok Building, Block-A, 2nd Floor, Room No. 207, 227
A.J.C Bose Road, Kolkata-700020, West Bengal, India
Phone: 033 – 2289 5101 / 4603 2561
Email:Â [email protected]
Website:Â www.finshoregroup.com
The Process to Participate in Suprajit Engineering 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 Suprajit Engineering’s buyback dates?
Suprajit Engineering’s share buyback opens on 2 September 2024 and closes on 6 September 2024.
Which type of buyback is Suprajit Engineering’s buyback offer?
Suprajit Engineering buyback is a tender offer.
What is Suprajit Engineering’s buyback price?
Suprajit Engineering buyback price is INR 750 per share.
What is the Suprajit Engineering buyback record date?
Suprajit Engineering buyback record date is 27 August 2024.
How to participate in Suprajit Engineering’s share buyback?
Suprajit Engineering’s share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
