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Garware Technical Buyback vs Rane Brake Buyback

Comparision between Garware Technical Buyback and Rane Brake Buyback.

Buyback Details

Garware Technical Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Rane Brake Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

  Garware Technical Fibres Ltd Rane Brake Lining Limited
Logo Garware Technical Buyback Logo Rane Brake Buyback Logo
Type of Buyback Tender Offer Open Market Through Stock Exchange
Listing At BSE, NSE BSE, NSE
Face Value ₹10 per share ₹10 per share
Buyback Price ₹2300 per share ₹825 per share
Issue Size 3,17,391 shares
Issue Size (Amount) ₹73.00 Crores ₹22.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 5 Equity Shares out of every 38 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 4 Equity Shares out of every 305 Equity Shares held on the Record Date.
Registrar Link Intime India Private Ltd Integrated Registry Management Services Private Limited
Lead Managers Ambit Private Limited Ambit Private Limited
Necessity of the buyback

The Buyback is being undertaken by the company to return the surplus cash to the shareholders in an effective and efficient manner.

The Buyback is undertaken by the company to:
(i) Reduce outstanding number of shares and consequently increase EPS assuming same profits are earned.
(ii) Effectively utilize available cash.
(iii) Improve key ratios like Return on Equity Capital.

Buyback Timetable

Garware Technical Buyback and Rane Brake Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Garware Technical Buyback Buyback record date is Dec 11, 2020. Rane Brake Buyback Buyback record date is .

  Garware Technical Fibres Ltd Rane Brake Lining Limited
Record Date Dec 11, 2020
Offer Open Date Jan 19, 2021 Oct 27, 2020
Offer Closure Date Feb 02, 2021 Apr 26, 2021
Last date for receipt of tender forms Feb 04, 2021
Finalisation of buyback Feb 10, 2021
Last Date for settlment of bids Feb 11, 2021
Last Date for extinguishment of shares Feb 18, 2021

Financial Details and Other Relevent Information

Comparison of Garware Technical Buyback and Rane Brake Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Garware Technical Fibres Ltd Rane Brake Lining Limited
Financial
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs in Million)
31-Mar-20 31-Mar-19 31-Mar-18
Total Revenue 9,852.74 10,389.01 9,034.25
Profit After Tax 140.51 1,256.80 1,051.73
Reserves and Surplus 7,172.40 6,284.64 5,184.77
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Crores)
31-Mar-20 31-Mar-19 31-Mar-18
Revenue from operations 470.98 513.89 482.29
Profit After Tax 34.34 36.53 35.75
Net-worth 228.82 209.77 188.21
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2020 2298.00 1814.00 2055.00
Oct-2020 2250.00 1837.00 2032.00
Sep-2020 2204.00 1737.00 1960.00

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Sep-2020 624.00 523.00 574.00
Aug-2020 670.00 514.00 574.00
Jul-2020 605.00 514.00 549.00
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2020 2300.00 1812.00 2063.00
Oct-2020 2250.00 1835.00 2032.00
Sep-2020 2205.00 1751.00 1961.00

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Sep-2020 625.00 521.00 574.00
Aug-2020 670.00 512.00 574.00
Jul-2020 605.00 517.00 549.00

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