Incorporated in 1960, Suraj Limited is Manufacturer and Exporter of Stainless Steel Seamless Pipes, Tubes, Flanges, Forged Fittings and electro polished products.
The company’s product portfolio includes Stainless Steel Seamless Heat Exchanger Tubes, Stainless Steel Seamless Heat Exchanger ‘U’-Tubes, Stainless Steel Seamless Instrumentation Tubes, Stainless Steel Seamless & Welded Mechanical Polished Tubes, Stainless Steel Seamless & Welded Electropolished Tubes, Stainless Steel Seamless Buttweld Fittings and Flanges & Forged Fittings.
Suraj Ltd. Stock Quote & Charts
73.25
0.25 (0.34%)
- Open: 70.55
- High – Low: 74.9 – 70.55
- Previous Close: 73
- Total Traded Value: 1884
- Updated On: 8/22/2022 4:00 PM
Suraj Limited Buyback Detail
| Issue Period | |
| Security Name | Suraj Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 0.09 Crores |
| Issue Size (Amount) | ₹6.93 Crores |
| Buyback Price | ₹77 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
Suraj Limited Buyback Issue Timetable
| Offer Opens On | |
| Offer Closes On | |
| Record Date | Aug 20, 2022 |
| Last Date for receipt of Tender Forms | |
| Finalisation of Buyback Acceptance | |
| Last Date for settlment of bids | |
| Last Date for Extinguishment of Shares |
Buyback Ratio
[.]
Company Financials
| Period Ended | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|
| 31-Mar-20 | 177.03 | 1.01 | 87.77 |
| 31-Mar-21 | 192.38 | 1.37 | 89.14 |
| 31-Mar-22 | 348.76 | 3 | 92.17 |
| Amount in ₹ Crore |
Stock price at BSE (in preceding 3 months)
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jul-2022 | 76.45 | 62.05 | 69.25 |
| Jun-2022 | 73.6 | 61.05 | 67.33 |
| May-2022 | 80 | 63.3 | 71.65 |
Necessity of the Issue
The buyback is being undertaken for the following reasons:
- 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.
- The Buyback is being undertaken, inter alia, for helping the Company to return surplus cash to the Eligible Shareholders broadly in proportion to their shareholding, thereby, enhancing the overall return to the Equity Shareholders.
Suraj Limited Buyback Documents
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Company Contact Information
Suraj Limited
‘Suraj House’,
Opp. Usmanpura Garden, Ashram Road,
Ahmedabad – 380 014
Phone: 0091-79-27540720
Email: suraj@surajgroup.com
Website: https://www.surajgroup.com/