Sarda Energy & Minerals Buyback

Sarda Energy & Minerals Buyback Details: At its meeting on April 23, 2022, the Company’s Board of Directors authorised the buyback of up to 8,11,108 (eight lakh eleven thousand one hundred and eight) Equity Shares with a face value of Rs.10/- each at a price of Rs. 1,500/- per Equity Share, for a total of Rs. 121.67 crores (Rupees one hundred twenty-one crore and sixty-seven lakh).

Sarda Energy & Minerals Buyback

A proposal for an interim dividend declaration for FY 2021-22 will also be considered by the board. It had a profit of 134.05 crore on revenues of 670.67 crore in the quarter ending December 2021. The promoters own 72.50 percent of the company, while the remainder is owned by the general public. About 23,650 small shareholders own 13.50 percent of the company.

Sarda Energy & Minerals Buyback Date

The Issue Period of Sarda Energy & Minerals Buyback is (To be announced). This buyback share will open on (To be announced) and closing date is (To be announced). The record date of Sarda Energy & Minerals Buyback is 6 May 2022.

Sarda Energy & Minerals Buyback Price

The Issue Price of Sarda Energy & Minerals Buyback is Rs 1500 per share. The Sarda Energy & Minerals Buyback bayback issue size is 121.67 Crores. This buyback share will list on NSE & BSE.

Sarda Energy & Minerals Buyback Details

Security NameSarda Energy & Minerals Limited
Buyback TypeTender Offer
Buyback Record DateMay 6, 2022
Offer Opens On(To be announced) 2022
Offer Closes On(To be announced) 2022
Buyback Offer AmountRs 121.67 Crores
Issue Size (Shares)0.08 Crores
Listing AtBSE, NSE
Buyback PriceRs. 143 per share
Face ValueRs. 10 Per Equity Share

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About Sarda Energy & Minerals Limited Buyback

Sarda Energy & Minerals Limited, founded in 1973, is a steel and ferro alloys manufacturer and exporter. Sponge Iron, Billets, Ferro Alloys, Manganese Ore, Thermal and Solar Power, Pellets, Iron Ore, Wire Rod Mill, Eco Bricks, and other products are produced by the company. The headquarters of Sarda Energy & Minerals Limited are in Raipur, Chhattisgarh.

Sarda Energy & Minerals Limited has a DRI capacity of 360,000 metric tonnes per year, a crude steel capacity of 240,000 metric tonnes per annum, and an annual production capacity of 82,500 metric tonnes.

Customers of Sarda Energy & Minerals Limited (SEML) can be found in over 60 countries, both locally and globally. SEML is a leading exporter of ferro alloys in India.

Sarda Energy & Minerals Buyback FAQs

What is Sarda Energy & Minerals Buyback price?

The Sarda Energy & Minerals Buyback price is set at Rs 1500 Per Share. Sarda Energy & Minerals Buyback will start on (To be announced) and end on (To be announced).

How do I get the Tender Form for Sarda Energy & Minerals Buyback?

The Letter of Offer includes a Tender Form. It is communicated to eligible shareholders through email on their depositories’/Company’s registered email addresses.

If the email address is not recorded, the Tender form/Letter of Offer is mailed to eligible shareholders on the record date through registered mail, speed mail, or courier. Alternatively, the Tender Form and Letter of Offer can also be accessed via the websites of the Company, the Registrar to the Buyback, the Stock Exchanges, or the Manager to the Buyback.

Where can I get the Public Announcement for Sarda Energy & Minerals Buyback?

The Sarda Energy & Minerals Buyback Public Announcement can be downloaded here. here.

How to participate in for Sarda Energy & Minerals Buyback?

Through their Stock Broker, any eligible Shareholders of the Company owning either Physical or Demat Shares as of the Record Date can participate in the repurchase offer.

The eligible shareholder must advise their broker of the information of the Equity shares they desire to tender in the Buyback Offer if they hold the shares in Demat form. 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.

Original share certificates and supporting paperwork must be presented to the broker by the qualifying shareholder who owns the shares in physical form. The broker executes an order on the stock market when document verification is completed and submits the original share certificate and TRS to the registrar.

In the case of Demat shares, the tender form and TRS are optional, while in the case of physical shares, they are required.

Why is Sarda Energy & Minerals Buyback coming up with buyback?

The buyback is being undertaken for the following reasons:

1. The Buyback will help the company to distribute surplus cash to its shareholders holding Equity shares broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders.

2. The Buyback would help in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the company.

Is Sarda Energy & Minerals Buyback good or bad?

The Sarda Energy & Minerals Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one’s need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.

What is opening date for Sarda Energy & Minerals Buyback?

The Sarda Energy & Minerals Buyback opening date is (To be announced).

What is record date for Sarda Energy & Minerals Buyback?

The Sarda Energy & Minerals Buyback record date is May 6, 2022.

What is the issue size of Sarda Energy & Minerals Buyback?

Sarda Energy & Minerals Buyback issue size is a Rs. 121.67 Crores.

What is Buyback Price of Sarda Energy & Minerals Buyback?

Sarda Energy & Minerals Buyback issue price is a Rs. 1500 per share.