The Elegant Marbles Buyback date has been confirmed from January 11, 2024, to January 17, 2024. Read the post to learn about the Elegant Marbles Buypack.
Elegant Marbles Buyback is issuing a size of ₹26.83 Crores. The company manufactures quartz, engineered marble, tiles, and other surfaces for building and interior design. The company’s plant is located on Abu Road in Rajasthan and spans 2.5 million square feet.
Start your investing journey today. Find the latest information on Upcoming Buyback.
Key Details Of Elegant Marbles Buyback
Bidding Dates
January 11-17
Buyback Price
₹385 per share
Face Value
₹10 per share
Offer Closes On
January 17
Elegant Marbles and Grani Buyback Price
The Elegant Marbles and Grani Buyback Price is ₹385 per share.
Elegant Marbles Buyback Overview
Grani together with Elegant Marbles, two companies of Italian group manufacturing high-quality marbles, which has been in Italian stonemasonry market since 1984, exports Italian marbles and exotics. The company manufactures quartz, marble, tiles and other surfaces for construction and design. Its main operations are focusing on these internal and external surfaces. The planned the plant will be located in Abu Road, Rajasthan which is 2,50,000 square feet in area. The buyback price for Trendy Stylenes, the marble-producing firm, and Enchanted Brownstone, the granite producing firm, is ₹385 per share each.
The core strength of the company lies in the following:-
- The company carefully picks out the best slabs or blocks for their customers.
- Meticulously crafted slabs undergo thorough inspection to exceed client’s expectations.
- Similar to purchasing a diamond, materials are assessed based on their color, content, clarity, and consistency.
Elegant Marbles and Grani Buyback Detail
| Issue Period | January 11, 2024 – January 17, 2024 |
| Security Name | Elegant Marbles & Grani Industries |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 697,000 (24.88 % of Total number of equity Shares) |
| Issue Size (Amount) | ₹26.83 Crores |
| Buyback Price | ₹385 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
Elegant Marbles and Grani Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | ||||
| Revenue | 17.69 | 37.85 | 29.82 | 11.95 |
| Profit After Tax | 2.60 | 3.04 | 2.69 | -0.79 |
| Net Worth | 140.82 | 105.96 | 105.50 | 91.42 |
| Reserves and Surplus | 137.16 | 102.30 | 101.84 | 87.76 |
| Amount in ₹ Crore | ||||
Elegant Marbles Buyback Issue Timetable
| Last Date to buy shares | January 4, 2024 |
| Record Date | January 5, 2024 |
| Offer Opens On | January 11, 2024 |
| Last Date for receipt of Tender Forms | January 19, 2024 |
| Offer Closes On * | January 17, 2024 |
| Finalisation of Buyback Acceptance | |
| Last Date for settlment of bids | January 24, 2024 |
| Last Date for Extinguishment of Shares | February 5, 2024 |
Company Profile
Necessity of the Issue
The Board is of the view that the proposed Buyback will help the Company achieve the following objectives
- Optimize returns to shareholders;
- Enhance overall shareholders value and
- Optimizes the capital structure. The above objectives will be achieved by returning part of surplus cash to shareholders through the Buyback process. This may lead to reduction in outstanding Equity Shares, improvement in earnings per Equity Share and enhanced return on invested capital.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Elegant Marbles & Grani Industries |
| Phone number | 022-24960771 |
| Email ID | [email protected] |
| Website | elegantmarbles.com |
Buyback Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
Buyback Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Elegant Marbles Buyback FAQs
Which is the last day to buy Elegant Marbles & Grani Industries Buyback ?
Last date to be eligible to participate in buyback is January 4, 2024.
What is the offer price for Elegant Marbles & Grani Industries Buyback 2024 offer?
The Elegant Marbles & Grani Industries Buyback 2023 is being offered at Rs ₹385 per share per equity share.
What is the record date for Elegant Marbles & Grani Industries Buyback 2023 offer?
The record date for the Elegant Marbles & Grani Industries Buyback 2023 is January 5, 2024.
What is the issue size of Elegant Marbles & Grani Industries Buyback 2023?
The issue size of Elegant Marbles & Grani Industries Buyback 2023 is of 697,000 equity shares at ₹385 per share aggregating upto ₹26.83 Crores.
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