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Suprajit Engineering Buyback 2021: Record Date, Price, & Illustration

Suprajit Engineering Buyback 2021: Suprajit Engineering Limited released the draft letter of offer for buyback of shares. The Board of Suprajit Engineering at its meeting held on February 10, 2021, had approved the proposal to buy-back up to 15 lakh equity share of Re 1 each of the company for an aggregate amount not exceeding Rs48cr being 1.07% of the total paid-up equity share capital, at Rs320 per equity share (buyback price).

Suprajit Engineering Buyback 2021

Born of Entrepreneurial spirit in 1985, Suprajit today has carved a niche for itself as a pioneer in the design and manufacture of Mechanical Control Cables and is recognized as India’s largest cable maker and worlds largest in the two-wheeler cable market. As a part of its Strategic expansion into Non-Automotive-Cables and Controls market Suprajit acquired Wescon Controls Inc USA in 2015 and had also diversified into Automotive Lighting business through acquisition of Phoenix Lamps Limited in 2014.

Head Quartered in Bangalore- India Suprajit has transitioned from a single product, single customer, single segment, single brand, single location company to a multi-product, multi-business, multi-customer, multi-brand, multi-location global company making it truly diversified without sacrificing its tenets on Quality, Cost, Delivery and Development. It is driven by its single-minded goal of “Customer Satisfaction” and in this pursuit of excellence it continues be recognised as “Value for Money Supplier” to customers across the spectrum.

With a compounded annual growth of over 25+%, the group has one of the largest manufacturing capacities in world with 300+ million cables per year and 80+ million bulbs per year.

Suprajit Engineering Buyback 2021 Offer Deal

SymbolSUPRAJIT
BuyBack PeriodNot Announced
Offer Amount₹ 48 Crores
Offer TypeTender
Offer Price₹ 320 Per Equity Share
BuyBack Record DateFeb 22, 2021
Date of Public AnnouncementFeb 10, 2021
Buyback Number of Shares15,00,000
Face Value₹ 01
Book Running Lead ManagerCapital Square Advisors Pvt. Ltd.
RegistrarIntegrated Enterprises (India) Ltd.
Contact person name number and Email idMr. J. Gopinath
corpserv@integratedindia.in

Profit & Loss Consolidated Figures Of Suprajit Engineering

ParticularMar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020TTM
Sales +206248345.00421.00458.0054060594012031431159015631517
Expenses +176202288.00352.00380.0044750879010051194135713441307
Operating Profit294657.0069.0078.009397150198237233219210
OPM %14.00%18.00%0.160.160.1717.00%16.00%16.00%16.00%17.00%15.00%14.00%14.00%
Other Income105.003.008.004416242138-5-2
Interest767.0010.0011.001417263027252322
Depreciation777.007.008.0089162737415857
Profit before tax173347.0055.0067.007475123164193205133129
Tax %45.00%33.00%0.290.270.2932.00%33.00%35.00%31.00%28.00%35.00%22.00%
Net Profit92233.0040.0047.0051507211413813410488
EPS in Rs1.852.733.323.934.234.195.488.669.99.577.436.3
Dividend Payout %30.00%35.00%0.160.200.1922.00%23.00%19.00%17.00%14.00%16.00%24.00%
Source: Screener.in

Profit from the buyback on the bases of acceptance Ratio:

Buy 625 Shares (2,00,000/320 = 625) at CMP of Rs. 244 approx (Closing Price on 10 Feb, 2021) [Expected Acceptance Ratio: 30-35%]

Acceptance Ratio33.00%50.00%75.00%100.00%
Amount Invested in Buyback152500152500152500152500
No. of Shares buyback206312.5469625
BuyBack Profit15675237503562547500
Profit(%)10.28%15.57%23.36%31.15%

How to Participate in buyback?

  • Firstly, to be eligible for the buyback the investor should have shares of Suprajit Engineering Buyback 2021 in Demat or physical form as on record date [22.02.2021]
  • Once you have shares in Demat, you can participate in the buyback process which is opening from [Not Announced], by selling your shares through your broker on NSE or BSE.
  • Then on [Not Announced] the payment will be given to you for accepted shares and unaccepted shares will be returned to your Demat account.

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