Avonmore Capital Buyback vs Techno Electric Buyback

Comparision between Avonmore Capital Buyback and Techno Electric Buyback.

Buyback Details

Avonmore Capital Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Techno Electric Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

Avonmore Capital & Management Services Limited

Techno Electric & Engineering Company Limited

Logo

Type of Buyback

Tender Offer

Open Market Through Stock Exchange

Listing At

BSE, NSE

Face Value

₹10 per share

₹2 per share

Buyback Price

₹95 per share

₹325 per share

Issue Size

9,17,680 shares

Issue Size (Amount)

₹8.72 Crores

₹130.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	36 Equity Share out of every 361 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	5 Equity Shares out of every 147 Fully paid-up Equity Shares held on the Record Date.

Registrar

Beetal Financial & Computer Services (P) Limited

Niche Technologies Pvt. Ltd

Lead Managers

Corporate Capitalventures Pvt Ltd

Necessity of the buyback

The buyback is being undertaken for the following reasons:

1. The Buyback will help the company to distribute surplus cash to its shareholders holding Equity shares broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders.

2. The Buyback would help in improving its return on equity, by reducing the equity base, thereby leading to a long term increase in shareholders' value.

The buyback is being undertaken for the following reason:

The Buyback will help the Company to distribute surplus cash to its shareholders holding equity shares.
The Buyback would help in improving return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders' value.
The Buyback would help in optimizing the capital structure.

Buyback Timetable

Avonmore Capital Buyback and Techno Electric Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Avonmore Capital Buyback Buyback record date is Jun 15, 2022. Techno Electric Buyback Buyback record date is .

	Avonmore Capital & Management Services Limited	Techno Electric & Engineering Company Limited
Record Date	Jun 15, 2022
Offer Open Date	Jul 04, 2022	Jul 20, 2022
Offer Closure Date	Jul 15, 2022	Jan 19, 2023
Last date for receipt of tender forms	Jul 18, 2022
Finalisation of buyback	Jul 22, 2022
Last Date for settlment of bids	Jul 25, 2022
Last Date for extinguishment of shares	Aug 01, 2022

Financial Details and Other Relevent Information

Comparison of Avonmore Capital Buyback and Techno Electric Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Avonmore Capital & Management Services Limited

Techno Electric & Engineering Company Limited

Financial

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (Rs. in Lakh)
	31-Mar-22	31-Mar-21	31-Mar-20
Total Income	8,719.44	7,201.70	7,218.71
Profit After Tax	4,045.02	2,977.74	1,805.27
Net Worth	28,425.92	24,346.62	21,264.59
Reserve and Surplus	18,133.11	14,866.17	12,604.68

Techno Electric & Engineering Company Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	922.68	179.1	1480.25	1458.25
31-Mar-21	956.08	181.78	1596.01	1574.01
31-Mar-22	1219.15	258.44	1814.68	1792.68
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2021	52.85	40.20	46.82
Dec-2021	77.80	48.00	67.54
Jan-2022	84.90	62.00	68.97

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jun-2022	294.00	231.00	275.34
May-2022	314.95	251.50	284.35
Apr-2022	302.00	248.90	278.98

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jun-2022	294.85	231.20	275.86
May-2022	314.90	250.85	284.63
Apr-2022	302.00	248.55	278.98

Compare with others

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Zydus Lifesciences Buyback	Avonmore Capital Buyback
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