16-Nov-2023
2 mins read
Elegant Marbles & Grani Industries Limited has got final approval from its board to propose a buyback offer of 697,000 equity shares (representing 19.04% of the total number of equity shares in the paid-up share capital of the Company) through the tender offer route. The buyback amount is Rs 26.83 Crores and the buyback price is Rs 385 per equity share.
Elegant Marbles & Grani Industries Limited Company’s Profile
Established in 1984, Elegant Marbles and Grani Limited is a prominent exporter specializing in premium Italian and exotic marbles. The company’s product range includes Quartz, Engineered Marble, tiles, and various surfaces essential for construction and interior design. Spanning an impressive 2.5 million square feet, the company’s factory is located in Abu Road, Rajasthan.
The key strengths of Elegant Marbles and Grani Limited encompass:
- Careful selection of the highest quality blocks to meet customers’ unique needs.
- Rigorous inspection of meticulously crafted slabs, ensuring they surpass client expectations.
- A meticulous evaluation process is akin to the diamond selection, where materials are scrutinized based on colour, content, clarity, and consistency.
Elegant Marbles & Grani Industries Limited Financial Information (Consolidated Rs in Crore)
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 113.37 | 10,867,090.00 | 94.08 |
| Revenue | 37.85 | 29.82 | 11.95 |
| Profit After Tax | 3.04 | 2.69 | -0.79 |
| Reserves and Surplus | 95.75 | 86.26 | 75.15 |
Important Details for Elegant Marbles & Grani Industries Limited Buyback 2023
| Issue Period | January 11, 2024 – January 17, 2024 |
| Security Name | Elegant Marbles & Grani Industries Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 697,000 |
| Issue Size (Amount) | Rs 26.83 Crores |
| Buyback Price | Rs 385 per share |
| Face Value | Rs 10 per share |
| Listing At | BSE |
Lead managers for Elegant Marbles & Grani Industries Limited Buyback
Registrar of the Elegant Marbles & Grani Industries Limited Buyback
The registrar for Elegant Marbles & Grani Industries Buyback 2024 is Link Intime India Private Ltd. To check your allotment status, please click on this link: https://linkintime.co.in/mipo/ipoallotment.html.
FAQs
- What is the buyback price per share?
The buyback price per equity share is Rs 385.
- How many shares are being purchased in the buyback?
Elegant Marbles & Grani Industries Limited will buy back 697,000 equity shares, which represents 19.04% of the total number of equity shares in the company’s paid-up share capital.
- How much is the total amount allocated for the buyback?
The total buyback amount is Rs 26.83 Crores.
- How will the buyback process take place?
The buyback will be conducted through the tender offer route. Shareholders who wish to participate can tender (offer) their shares at the buyback price of Rs 385 per share.
- What is the face value of Elegant Marbles & Grani Industries Limited’s shares?
The face value of the company’s shares is Rs 10 per share.
- Is it mandatory for shareholders to participate in the buyback?
No, participation in the buyback is entirely voluntary. Shareholders can choose whether or not to tender their shares in the buyback offer