Garware Technical Fibres Buyback vs Shyam Century Ferrous Buyback

Comparision between Garware Technical Fibres Buyback and Shyam Century Ferrous Buyback.

Buyback Details

Garware Technical Fibres Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Shyam Century Ferrous Buyback is a Tender Offer proposed to list at BSE, NSE.

Garware Technical Fibres Limited

Shyam Century Ferrous Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

₹1 per share

Buyback Price

₹3750 per share

₹28 per share

Issue Size

2,40,000 shares

1,00,00,000 shares

Issue Size (Amount)

₹90.00 Crores

₹28.00 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.

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	50 Equity Share out of every 839 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	104 Equity Shares out of every 2413 Fully paid-up Equity Shares held on the Record Date.

Registrar

Link Intime India Private Ltd

Maheshwari Datamatics Pvt. Ltd

Lead Managers

Ambit Private Limited

Horizon Financial Pvt Ltd

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.

Necessity of the buyback :

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

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

3. The Buyback would help in optimizing the capital structure.

Buyback Timetable

Garware Technical Fibres Buyback and Shyam Century Ferrous Buyback 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. Shyam Century Ferrous Buyback Buyback record date is Sep 27, 2022.

	Garware Technical Fibres Limited	Shyam Century Ferrous Limited
Record Date	Nov 04, 2022	Sep 27, 2022
Offer Open Date	Dec 05, 2022	Oct 25, 2022
Offer Closure Date	Dec 16, 2022	Nov 09, 2022
Last date for receipt of tender forms	Dec 16, 2022	Nov 10, 2022
Finalisation of buyback	Dec 26, 2022	Nov 17, 2022
Last Date for settlment of bids	Dec 27, 2022	Nov 18, 2022
Last Date for extinguishment of shares	Jan 03, 2023	Nov 25, 2022

Financial Details and Other Relevent Information

Comparison of Garware Technical Fibres Buyback and Shyam Century Ferrous 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 Limited

Shyam Century Ferrous Limited

Financial

Garware Technical Fibres Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	985.27	140.53	739.12	717.24	132.54
31-Mar-21	1069.24	158.4	811.11	790.49	101.81
31-Mar-22	1214.94	164.78	970.59	949.97	79.57
Amount in ₹ Crore

Shyam Century Ferrous Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	131.18	89.14	-0.03	54.32	32.1	1.22
31-Mar-21	134.74	135.68	2.81	57.13	34.92	4.65
31-Mar-22		212.5	56.86	114.01	91.8	0.43
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
Aug-2022	23.80	19.70	21.76
Jul-2022	24.55	19.25	21.95
Jun-2022	25.85	18.40	21.61

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
Aug-2022	23.80	19.75	21.76
Jul-2022	24.55	19.30	21.97
Jun-2022	25.65	18.35	21.61

Compare with others

Garware Technical Fibres Limited	Shyam Century Ferrous Limited
Orbit Exports Buyback	Kaveri Seed Buyback 2022
Jagran Prakashan Buyback 2022	Garware Technical Fibres Buyback
Triveni Turbine Buyback	International Conveyors Buyback
Dhanuka Agritech Buyback	Infosys Buyback 2022
Kaveri Seed Buyback 2022	SP Apparels Buyback
International Conveyors Buyback	Tanla Platforms Buyback 2022
Infosys Buyback 2022	Mindteck India Buyback
SP Apparels Buyback	ACC Limited Buyback
Shyam Century Ferrous Buyback	SIS Limited Buyback
Tanla Platforms Buyback 2022	TCI Express Buyback

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