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Garware Technical Fibres Buyback vs Kaveri Seed Buyback 2022

Comparision between Garware Technical Fibres Buyback and Kaveri Seed Buyback 2022.

Buyback Details

Garware Technical Fibres Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Kaveri Seed Buyback 2022 is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

  Garware Technical Fibres Limited Kaveri Seed Company Ltd
Logo Garware Technical Fibres Buyback Logo Kaveri Seed Buyback 2022 Logo
Type of Buyback Tender Offer Open Market Through Stock Exchange
Listing At BSE, NSE BSE, NSE
Face Value ₹10 per share ₹2 per share
Buyback Price ₹3750 per share ₹700 per share
Issue Size 2,40,000 shares
Issue Size (Amount) ₹90.00 Crores ₹125.65 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 3 Equity Share out of every 41 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 1 Equity Shares out of every 99 Fully paid-up Equity Shares held on the Record Date.
Registrar Link Intime India Private Ltd Bigshare Services Pvt Ltd
Lead Managers Ambit Private Limited Bajaj Capital Limited
Necessity of the buyback

The Buyback is being undertaken, inter-alia, for the following reasons:

1. The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.

2. The Buyback may help in improving the Company's return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders' value.

The buyback is being undertaken for the following reason:

1. The Buy-back is being undertaken by the Company to return surplus funds to the equity shareholders of the Company.

2. The Company believes that the Buy-back will improve return on equity, by reducing in equity base, thereby leading to a long-term increase in the value of shareholders.

Buyback Timetable

Garware Technical Fibres Buyback and Kaveri Seed Buyback 2022 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Garware Technical Fibres Buyback Buyback record date is Nov 04, 2022. Kaveri Seed Buyback 2022 Buyback record date is .

  Garware Technical Fibres Limited Kaveri Seed Company Ltd
Record Date Nov 04, 2022
Offer Open Date Dec 05, 2022 Nov 07, 2022
Offer Closure Date Dec 16, 2022 Dec 27, 2022
Last date for receipt of tender forms Dec 16, 2022
Finalisation of buyback Dec 26, 2022
Last Date for settlment of bids Dec 27, 2022
Last Date for extinguishment of shares Jan 03, 2023

Financial Details and Other Relevent Information

Comparison of Garware Technical Fibres Buyback and Kaveri Seed Buyback 2022 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 Limited Kaveri Seed Company Ltd
Financial
Garware Technical Fibres Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20985.27140.53739.12717.24132.54
31-Mar-211069.24158.4811.11790.49101.81
31-Mar-221214.94164.78970.59949.9779.57
Amount in ₹ Crore
Kaveri Seed Company Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-211961.861082.05311.211294.281282.62
31-Mar-221880.051011.26212.81262.071250.01
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Sep-2022 3752.55 3250.25 3491.78
Aug-2022 3560.00 2990.00 3180.46
Jul-2022 3465.00 3000.00 3210.58

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Sep-2022 498.00 422.55 456.33
Aug-2022 496.95 454.50 474.15
Jul-2022 514.65 477.50 496.27
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Sep-2022 3754.85 3300.00 3491.83
Aug-2022 3569.95 2980.00 3179.15
Jul-2022 3432.75 2972.35 3211.51

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Sep-2022 483.95 422.85 457.71
Aug-2022 497.35 454.55 473.36
Jul-2022 514.95 477.65 495.33

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