The Elegant Marbles and Grani date has been confirmed from January 11, 2024 – January 17, 2024.
Elegant Marbles and Grani is issuing 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. How do you open your own demat account for free?
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.
IPO Overview
Elegant Marbles and Grani, founded in 1984, is an exporter of excellent Italian and exotic marbles. 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.
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 and Grani 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 | elegantmarbles.buyback2023@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | Elegant Marbles & Grani Industries |
| Phone number | 022-24960771 |
| Email ID | elegantmarbles@gmail.com |
| Website | elegantmarbles.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO 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.
