Siyaram Silk Mills is a textile manufacturer. It specializes in the production of 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.
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 a variety of brand names that have a strong recall value among consumers. Brand names such as Siyaram Inspiron, J Hampstead, Oxemberg, and Siyaram’s Mozzo are among them. As of May 2023, the company had 800+ distributors spread across 30 countries, as well as 225+ storefronts
across the country, selling more than 100+ million meters of Fabric.
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 2023 Documents
- Letter of Offer
- Draft Letter of Offer
- Public Announcement
- Board Approval
- Upcoming Share Buyback
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 |
Registrar of Siyaram Silk Mills Buyback 2023
- Coming soon
Manager of Siyaram Silk Mills Buyback 2023
- Coming soon
Process to Participate in Siyaram Silk Mills Buyback
All qualified shareholders of the company who own shares in physical or demat form on the record date may participate in the buyback offer through their stockbroker. Eligible shareholders who hold their shares in demat form must advise their brokers of the details of the equity shares they desire to tender in the buyback offer.
The shareholder must transfer the tendered shares to the Special account of the clearing corporation. In turn, the broker would place a stock exchange buyback order.
Eligible shareholders who own shares in tangible form must show the original share certificates and supporting paperwork to their broker. Following the completion of document verification, the broker executes an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.
Siyaram Silk Mills IPO FAQs :
Q1. What are Siyaram Silk Mills buyback dates?
Ans. Siyaram Silk Mills share buyback opens on 2023 and closes on 2023.
Q2. Which type of is Siyaram Silk Mills buyback offer?
Ans. Siyaram Silk Mills buyback is a tender offer.
Q3. What is the Siyaram Silk Mills buyback price?
Ans. Siyaram Silk Mills buyback price is INR 650 per share.
Q4. What is the Siyaram Silk Mills buyback record date?
Ans. Siyaram Silk Mills buyback record date is 18 September 2023.
Q5. How to participate in Siyaram Silk Mills share buyback?
Ans. Siyaram Silk Mills share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
