Suraj Limited Buyback 2022 Record Date, Buyback Price, Entitlement Ratio

Suraj Limited Buyback 2022

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 Dates14 – 27 September 2022
Suraj Limited Buyback Price INR 77 per share
Buyback Offer Size (Shares)9,00,000 shares
Buyback offer as % of total shares4.67%
Buyback Offer Size (Amount)INR6.93 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 10 per share
Listing AtBSE, NSE

Suraj Buyback Dates (Timeline)

Buyback Approval Date8 August 2022
Public Announcement of Buyback10 August 2022
Suraj Limited Buyback Record Date20 August 2022
Buyback Opening Date14 September 2022
Buyback Closing Date27 September 2022
Cut-off Date to receive completed tender forms by Registrar27 September 2022
Verification Date by the Registrar4 October 2022
Return of unaccepted shares by Registrar7 October 2022
Extinguishment of accepted shares14 October 2022

Suraj Limited Buyback 2022 Documents

Offer Letter
Draft Letter of Offer
Public Announcement
Upcoming Share Buyback

Suraj Limited Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(less than INR2 Lakh on record date)
General category
(for all other Eligible Shareholders)

Small Shareholder is defined as shareholder who holds shares worth less than INR2,00,000 as on record date.

Suraj Limited’s Financial Performance

Total Income177.04192.38348.76
Total Expenses168.80183.53336.90
Net income 1.021.373.00
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 priceINR 77
Maximum shares for small shareholder (2,00,000/77)2598 shares*
Closing price of stock as on 8 Aug 2022INR 72.95**
Maximum amount invested in buyback (72.95 x 2598 shares)INR 1,89,524
* No. of shares stands to change according to the closing price on record date
** For simplicity, we have considered price on buyback approval date

Suraj Buyback Profit Guidance

Shares Tendered Buyback EntitlementAcceptanceBuyback ProfitProfit in %
2598 588588 (100%)2,3811.26
2598 5881176 (200%)4,7632.51
2598 5881764 (300%)7,1443.77

Registrar of Suraj Limited Buyback 2022

Office no. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre,
Mahakali Caves Road, Andheri (East), Mumbai
Phone: +91 22 6263 8200
Email: [email protected]

Manager of Suraj Limited Buyback 2022

807, Phoenix, Opp. Girish Cold Drinks,
Near Vijay Cross Roads, Navrangpura,
Ahmedabad -380009, Gujarat
Phone: +91 079 4840 5357
Email: [email protected]

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.


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