Sarda Energy & Minerals Buyback 2022
i. Sarda Energy & Minerals Limited (SEML), incorporated in 1973, is the flagship company of Sarda Group.Listed on BSE and NSE with Promoters’ holding 72.50%,Vertically integrated producer of steel with captive iron ore.Manufacturer and exporter of niche grade manganese based ferro alloys.Self sufficient captive power from Waste heat & coal.Interests in Hydro power projects through SPVs. A TWO STAR EXPORT HOUSE, recognized by the Ministry of Commerce & Industry, Govt. of India.
SEML is one of the lowest cost producers of steel (Sponge Iron, Billets, Ferro Alloys,Mining,Power,Pellets,Iron Ore,Wire Rod Mill, Eco Bricks) and one of the largest manufacturers and exporters of ferro alloys in India. Headquartered in Raipur, Chhattisgarh, the company merged Chhattisgarh Electricity Company Limited (CECL) with itself in 2007 with a vision to becoming a leading energy and minerals company.
ii. Over the last three decades the company has continuously diversified its product portfolio to include many customized value added products. The company firmly believes in benchmark product quality, customer centric approach, people focus, ethical business practices and good corporate citizenship. Building on these values, SEML has become the supplier of choice for many domestic and international customers across more than 60 countries.
iii. SEML differentiates itself from its peers by not being just another steel company. It foresaw the importance and emergence of energy and minerals as two critical ingredients for developing economies and particularly for India. Synergy in Energy became the basis of all its future endeavors. Today, SEML is one of the very few companies to become completely self-sufficient in terms of its energy requirements and is well on its way to achieve self sufficiency in other mineral resources. The company has acquired iron ore and manganese mines in India and is aggressively looking for mineral resources across the globe.
iv. SEML is listed on Bombay Stock Exchange (504614) and on National Stock Exchange of India Limited (SARDAEN).
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||May 06 2022|
|Buyback Offer Amount:||₹ 121.67|
|Date of Board Meeting approving the proposal:||Apr 23 2022|
|Date of Public Announcement:||Apr 23 2022|
|Buyback Offer Size:||6.06%|
|Buyback Number of Shares:||8,11,108|
|Price Type:||Tender Offer|
|Buyback Price:||₹ 1500 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Particulars( in Crores)||Mar-15||Mar-16||Mar-17||Mar-18||Mar-19||Mar-20||Mar-21|
|Profit before tax||87||39||150||294||324||179||495|
|EPS in Rs||15.27||3.50||36.60||56.17||56.36||35.05||103.99|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|Amount Invested in Buyback||166666||166666||166666||166666|
|No. of Shares buyback||43||66||99||133|