Suraj Limited Buyback 2022 description – The company was established in 1960. It is a manufacturer and exporter of Stainless Steel Seamless Pipes, Tubes, Flanges, Forged Fittings and electro polished products.
It has specialization in tubing for Heat exchangers, LP/HP Heater, Condensers, Heating Elements and duly annealed, pickled, tubes with 30-meters length tubes.
The company is a Govt. of India recognized Export House and sells its premium products in India and abroad to more than 70 countries in all over the world.
Suraj Limited Buyback 2022 Details
| Buyback Dates | 14 – 27 September 2022 |
| Suraj Limited Buyback Price | INR 77 per share |
| Buyback Offer Size (Shares) | 9,00,000 shares |
| Buyback offer as % of total shares | 4.67% |
| Buyback Offer Size (Amount) | INR6.93 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE, NSE |
Suraj Buyback Dates (Timeline)
| Buyback Approval Date | 8 August 2022 |
| Public Announcement of Buyback | 10 August 2022 |
| Suraj Limited Buyback Record Date | 20 August 2022 |
| Buyback Opening Date | 14 September 2022 |
| Buyback Closing Date | 27 September 2022 |
| Cut-off Date to receive completed tender forms by Registrar | 27 September 2022 |
| Verification Date by the Registrar | 4 October 2022 |
| Return of unaccepted shares by Registrar | 7 October 2022 |
| Extinguishment of accepted shares | 14 October 2022 |
Suraj Limited Buyback 2022 Documents
Offer Letter
Draft Letter of Offer
Public Announcement
Upcoming Share Buyback
Suraj Limited Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR2 Lakh on record date) | 184/813 | 22.63 |
| General category (for all other Eligible Shareholders) | 37/663 | 5.58 |
Small Shareholder is defined as shareholder who holds shares worth less than INR2,00,000 as on record date.
Suraj Limited’s Financial Performance
| FY2020 | FY2021 | FY2022 | |
| Total Income | 177.04 | 192.38 | 348.76 |
| Total Expenses | 168.80 | 183.53 | 336.90 |
| Net income | 1.02 | 1.37 | 3.00 |
Calculation of Investment in Buyback
| Maximum market value of a share holder as on record date | INR 2,00,000 |
| Buyback price | INR 77 |
| Maximum shares for small shareholder (2,00,000/77) | 2598 shares* |
| Closing price of stock as on 8 Aug 2022 | INR 72.95** |
| Maximum amount invested in buyback (72.95 x 2598 shares) | INR 1,89,524 |
** For simplicity, we have considered price on buyback approval date
Suraj Buyback Profit Guidance
| Shares Tendered | Buyback Entitlement | Acceptance | Buyback Profit | Profit in % |
| 2598 | 588 | 588 (100%) | 2,381 | 1.26 |
| 2598 | 588 | 1176 (200%) | 4,763 | 2.51 |
| 2598 | 588 | 1764 (300%) | 7,144 | 3.77 |
Registrar of Suraj Limited Buyback 2022
BIGSHARE SERVICES PRIVATE LIMITED
Office no. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre,
Mahakali Caves Road, Andheri (East), Mumbai
Phone:Â +91 22 6263 8200
Email:Â [email protected]
Website:Â www.bigshareonline.com
Manager of Suraj Limited Buyback 2022
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
807, Phoenix, Opp. Girish Cold Drinks,
Near Vijay Cross Roads, Navrangpura,
Ahmedabad -380009, Gujarat
Phone:Â +91 079 4840 5357
Email:Â [email protected]
Website:Â www.beelinemb.com
Process to Participate in Suraj Limited 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 stock broker. 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
When does Suraj Limited share buyback offer open?
Suraj Limited share buyback opens on 14 September 2022 and closes on 27 September 2022.
Which type of buyback is Suraj Limited buyback offer?
Suraj Limited buyback is a tender offer.
What is the Suraj Limited buyback price?
Suraj Limited buyback price is INR 77 per share.
What is the Suraj Limited buyback record date?
Suraj Limited buyback record date is 20 August 2022.
