Garware Technical Buyback vs IIFL Securities Buyback

Comparision between Garware Technical Buyback and IIFL Securities Buyback.

Buyback Details

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

Garware Technical Fibres Ltd

IIFL Securities 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

₹2300 per share

₹54 per share

Issue Size

3,17,391 shares

Issue Size (Amount)

₹73.00 Crores

₹90.00 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

Lead Managers

Ambit Private Limited

Keynote Financial Services Ltd

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:
i) To help effectively utilize its available surplus cash.
ii) To enhance overall long term shareholder's value.

Buyback Timetable

Garware Technical Buyback and IIFL Securities 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. IIFL Securities Buyback Buyback record date is .

	Garware Technical Fibres Ltd	IIFL Securities Limited
Record Date	Dec 11, 2020
Offer Open Date	Jan 19, 2021	Dec 30, 2020
Offer Closure Date	Feb 02, 2021	Jun 29, 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 IIFL Securities 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

IIFL Securities 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
Total Revenue	789.94	875.57	947.19
Profit After Tax	233.94	171.43	180.57

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
Nov-2020	47.00	37.00	42.00
Oct-2020	44.00	36.00	39.00
Sep-2020	46.00	36.00	39.00

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
Nov-2020	47.00	39.00	42.00
Oct-2020	44.00	37.00	39.00
Sep-2020	46.00	36.00	39.00

Compare with others

Garware Technical Fibres Ltd	IIFL Securities Limited
Engineers India Buyback	Freshtrop Fruits Buyback
IIFL Securities Buyback	Archidply Industries Buyback
Rane Brake Buyback	Industrial and Prudential Investment Buyback
HPCL Buyback	Jullundur Motor Agency Buyback
Sreeleathers Buyback	Engineers India Buyback
	Rane Brake Buyback
	HPCL Buyback
	Sreeleathers Buyback
	Garware Technical Buyback

Comments

Add a public comment...