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Elegant Marbles & Grani Industries Buyback Nov 2023

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Elegant Marbles & Grani Industries Buyback

TitleDetail
Company Name:Elegant Marbles & Grani Industries
Buyback Type:Tender Offer
Offer Amount:₹26.83Cr
Buyback Number of Shares:6,97,000
Buyback Price:385
Approx Entry Price:-
Promoters In:Y
Record Date:05-01-2024
Buyback Open Date:11-01-2024
Buyback Close Date:17-01-2024
Payment Date:TBD
Record Date Price:339.05
Maximum Retail Quantity:589
Draft Letter of Offer:Draft Letter of Offer
Letter of Offer:-
Acceptance Ratio Retail:86 Equity Share out of every 353 Fully paid-up Equity Shares held on the Record Date.
Acceptance Ratio Retail %:24.36
Acceptance Ratio General:161 Equity Share out of every 878 Fully paid-up Equity Shares held on the Record Date.
Acceptance Ratio General %:18.34
Final Acceptance Ratio %:-

FAQs

The Record Date for Elegant Marbles & Grani Industries Buyback offer is 5th Jan 2024

Which means you should hold the Elegant Marbles & Grani Industries share in your demat account by closing session of 5th Jan 2024. Share purchased on and before (5th Jan 2024) - 2 business days will be available in your demat account by 5th Jan 2024.

 

 

Steps to participate in Elegant Marbles & Grani Industries buyback:

  1. On Record date (5th Jan 2024) you must have share of Elegant Marbles & Grani Industries in your demat account/physical form. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly.
  2. After that company announces buyback open and close window, so you need to tender your share in buyback process. You can do this online or contact your broker to tender your share in buyback, so he can place a request on your behalf.
  3. Next step is with registrar - depend on buyback acceptance ratio, your shares will be sold in buyback process and fund will directly debited in your bank account. Any rejected share will be revert in your demat account which you can sell in open market or hold for long term gain.

 

Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.

 

Buyback opening date for Elegant Marbles & Grani Industries: 11th Jan 2024

Buyback closing date for Elegant Marbles & Grani Industries: 17th Jan 2024

This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .

 

As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar on or before Not Yet Announced.

 

Buyback opening date for Elegant Marbles & Grani Industries: 11th Jan 2024

Buyback closing date for Elegant Marbles & Grani Industries: 17th Jan 2024

This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .

 


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