Siyaram Silk Mills Buyback 2023 Record Date, Buyback Price, Entitlement Ratio

The Siyaram Silk Mills Buyback date has been Recorded on September 18, 2023. Read the post to learn about Siyaram Silk Mills Buyback.

Siyaram Silk Mills is a textile manufacturer. It produces fabrics and ready-to-wear clothes, particularly for men’s wear. The firm exports to countries such as Abu Dhabi, Australia, Bahrain, Bangladesh, Cambodia, and Canada.

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Key Details Of Siyaram Silk Mills Buyback:

Siyaram Silk Mills Buyback Price

The Siyaram Silk Mills Buyback price is ₹[720 per equity share ].

Siyaram Silk Mills Buyback Overview​

Suits, blazers, shirts, and trousers produced from the best yarns for men, attuned to worldwide standards and complimenting a unique expression, are available from the company. The corporation distributes its products under various brand names with a strong recall value among consumers. Brand names include Siyaram Inspiron, J Hampstead, Oxemberg, and Siyaram’s Mozzo. As of May 2023, the company had 800+ distributors spread across 30 countries, as well as 225+ storefronts

Siyaram Silk Mills Share Buyback 2023 Details

Siyaram Silk Mills Buyback Dates	Coming soon
Siyaram Silk Mills Buyback Price	INR 650 per share
Market Price on Buyback Approval	INR 549 per share
Buyback Premium on Market Price	18.40%
Buyback Offer Size (Shares)	16,61,530 shares
Buyback Offer Size (Amount)	INR 108 crore
Offer Type	Tender
Promoter Participation	Yes
Face Value	INR 2 per share
Listing At	BSE, NSE

Siyaram Silk Mills Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal	9 August 2023
Buyback Approval Date	12 August 2023
Public Announcement of Buyback	Coming soon
Siyaram Silk Mills Buyback Record Date	18 September 2023
Buyback Opening Date	Coming soon
Buyback Closing Date	Coming soon
Cut-off Date to receive completed tender forms by Registrar	Coming soon
Verification Date by the Registrar	Coming soon
Return of unaccepted shares by Registrar	Coming soon
Extinguishment of accepted shares	Coming soon

Siyaram Silk Mills Buyback Entitlement Ratio

Shareholder Category	Entitlement Ratio	Entitlement Ratio (in %)
Small Shareholders
(less than INR 2 Lakh on record date)	–	6.47
General category
(for all other Eligible Shareholders)	–	–

Siyaram Silk Mills Financial Performance

	FY 2021	FY 2022	FY 2023
Revenue	1,088	1,903	2,229
Total Expenses	1,033	1,569	1,860
Net income	5	213	252

Calculation of Investment in Buyback

Maximum market value of a share holder as on record date	INR 2,00,000
Buyback price per share	INR 650
Maximum shares for small shareholder (2,00,000/650)	308 shares *
Closing price of stock as on 14 August 2023	INR 549**
Maximum amount invested in buyback (INR 549 x 308 shares)	INR 169,092

Siyaram Silk Mills Buyback Acceptance Ratio

Shares Tendered	Buyback Entitlement	Acceptance ratio	Buyback Profit	Profit in %
308	20	20 (100%)	2,020	1.19
308	20	40 (200%)	4,040	2.39
308	20	60 (300%)	6,060	3.58

Company Profile​

ensure efficient production but also reflect Siyaram’s dedication to environmental sustainability. SSM is a part of the Siyaram Poddar Group, which includes other prominent companies like Balkrishna Industries Ltd and Govind Rubber Ltd. All these companies are listed on the Bombay Stock Exchange. As a small-cap company, SSM currently holds a market capitalization of ₹936.75 crores. In the financial year ending March 2014, Siyaram’s achieved an annualized net profit of ₹20.2 crores. The company consistently produces over 4 million meters of fabric per month, resulting in an impressive annual production of 60 million meters.

IPO Strengths

• 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.

Siyaram Silk Mills Buyback FAQs