Suraj Limited Buyback 2022 Record Date, Buyback Price & Details

Suraj Limited Buyback 2022

Suraj Limited Buyback 2022 announced on 10 August 2022. The Suraj Limited buyback to start from 14 September 2022 and closes on 27 September 2022. The Company will do Buyback with equity of 9,00,000 Equity Shares around 4.67% of Face Value ₹10 Each Fully paid off at a Price Of ₹77/- Per Equity. The size of this Buyback is about ₹6.93 Crores. And this will be done through a Buyback Tender Offer.

Suraj Limited is a Manufacturer of Stainless Steel Seamless Pipes, Tubes and “U” Tubes, Flanges & Fittings with Electro polishing catering to both domestic and international markets. The company has specialization in tubing for Heat exchangers, LP/HP Heater, Condensers, Heating Elements and duly annealed, pickled, tubes with 30-meters length tubes. Suraj Limited is a Govt. of India recognized Export House and is selling its premium products in India and abroad to more than 70 countries in all over the world.

Read also:- Share Buyback List 2022

Necessity of the Issue :

  • The Buyback is a capital allocation decision taken by the Company. The Buyback will help the Company to distribute a part of the surplus cash to its shareholders holding Equity Shares thereby, optimizing returns to the shareholders and enhancing the overall shareholders’ value in longer term and improving the return on equity.

Suraj Limited Buyback Review :

Update Soon

Suraj Limited Buyback 2022 Offer Details:

Event NameDetails
Buyback TypeTender Offer
Buyback Record Date20 August 2022
Buyback Offer Amount₹6.93 Cr
Date of Board Meeting approving the proposal10 August 2022
Date of Public Announcement12 August 2022
Buyback Offer Size4.67%
Buyback Number of Shares9,00,000
ListingBSE
Face Value₹10/- Rs.
Buyback Price₹77/- per share.
Upstox Referal

Suraj Limited Buyback 2022 Dates :

We have covered all important dates related to “Suraj Limited Buyback 2022” Buyback Activity Dates are updated as they are announced.

Buyback ActivityDates
Board Meeting for Buyback proposal10 August 2022
Buyback Approval date10 August 2022
Public Announcement Date12 August 2022
Buyback Record Date20 August 2022
Buyback Opening Date14 September 2022
Buyback Closing Date27 September 2022

Suraj Limited Limited Financial Report (in Cr) :

YearRevenueExpensePAT
2022₹344₹331₹3
2021₹188₹175₹1
2020₹176₹159₹1
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Quick Link :

Publication Letter
Letter of Offer
■ Application Form

Registrar of The Buyback :

Bigshare Services Private Limited
Address: Office no. S6-2, 6th Floor,
Pinnacle Business Park, Next to
Ahura Centre, Mahakali Caves Road,
Andheri (East), Mumbai – 400
093 Maharashtra, India
Telephone Number: 022 – 6263 8200
E-mail Id: [email protected]
Website: www.bigshareonline.com

Manager of The Buyback :

Beeline Capital Advisors Private Limited
Address: 807, Phoenix,
Opp. Girish Cold Drinks, Near Vijay Cross
Roads, Navrangpura, Ahmedabad -380009, Gujarat.
Telephone Number: 079 4840 5357
Email Id: [email protected]
Investors Grievance Id: [email protected]
Website: www.beelinemb.com

Company Address :

Suraj Limited
Suraj House, Opp. Usmanpura Garden,
Ashram Road, Ahmedabad,
Gujarat, India – 380014.
Tele: 079 – 2754 0720 / 2754 0721
Fax: 079 – 2754 0722;
Email Id: [email protected]
Website: www.surajgroup.com

How to Participate in Suraj Limited Ltd buyback?

The Investors are eligible for the buyback scheme who have Suraj Limited shares in their Demat account as the Record date is 20 August 2022 as the offer is Tender Offer. Investors can participate in the Suraj Limited Buyback 2022 scheme as per the opening form by selling their shares. The payment will be given as per the accepted shares by the company under the Suraj Limited buyback scheme.

How to apply for Suraj Limited buyback zerodha?

You can apply for the buyback, follow the steps below:

  • Visit console.zerodha.com.
  • Click on the context menu and then Portfolio.
  • Click on Corporate actions.
  • Click the Buybacks tab, tap on Suraj Limited and then Place order.
  • Enter the quantity and tap on Submit.

How to apply for Suraj Limited buyback on Groww?

You can apply for the buyback, follow the few steps below: This feature not applicable on Groww App only available on Groww Website.

  • Visit  the official Groww website.
  • Search Suraj Limited Buyback in the search option.
  • You can see Suraj Limited buyback result in search option tap on the Suraj Limited buyback.
  • You will reach the Suraj Limited buyback screen, here enter the number of shares and click sell.
  • You can see your order is successfully placed.

How to apply for Suraj Limited buyback on upstox?

You can apply for the buyback, follow the few steps below:

  • Login to the Upstox app using your 6-digit PIN or biometrics.
  • Click on the Account Section on your right bottom corner (Applicable New upstox app).
  • Click ‘Account’, then ‘Corporate actions’ and then Buyback / Delisting/ Takeover.
  • Select the Suraj Limited stock for buyback.
  • Enter the quantity and click on apply. 
  • If you have submitted your POA, then the buyback will be confirmed.

How to apply for Suraj Limited buyback online on Bigshare?

You can apply for the buyback from Bigshare IPO registrar website , follow the few steps below:

  • Visit  the official Bigshare website. (Direct Link)
  • Click drag down menu and select your buyback stock.
  • Enter you choose Demat DPID Or Pan Number Or Foilio Number.
  • Click Submit button.
Read also:- Rights issue 2022

Suraj Limited Buyback 2022 FAQs:

When is Suraj Limited Buyback Announcement Date?
Suraj Limited buyback 2022 announcement date is 10 August 2022.

When is Suraj Limited Buyback Open Date?
Suraj Limited buyback Open date is 14 September 2022.

When is Suraj Limited Buyback Close Date?
Suraj Limited buyback Close date is 27 September 2022.

When is Suraj Limited Buyback Record Date?
Suraj Limited buyback 2022 Record date is 20 August 2022 as the offer is Tender Offer.

What is Suraj Limited Buyback Price?
Suraj Limited company has fixed the price at ₹77 per share.

What is Suraj Limited Buyback Offer Size?
Suraj Limited company Buyback Offer Size is ₹6.93 Cr.

How to apply for Suraj Limited Buyback 2022?
As per the record date you need to have Suraj Limited shares in your Demat account. You can participate in buyback after having the stock in your account.

Disclaimer: STOCK MARKET INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY BEFORE INVESTING.

Suraj Limited Buyback 2022 Record Date, Buyback Price & Details

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