Indian Toners & Developers Buyback vs NIIT Buyback

Comparision between Indian Toners & Developers Buyback and NIIT Buyback.

Buyback Details

Indian Toners & Developers Buyback is a Tender Offer buyback proposed to list at BSE while NIIT Buyback is a Tender Offer proposed to list at BSE, NSE.

Indian Toners & Developers Limited

NIIT Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE

BSE, NSE

Face Value

₹10 per share

₹2 per share

Buyback Price

₹160 per share

₹240 per share

Issue Size

23,11,610 shares

98,75,000 shares

Issue Size (Amount)

₹36.99 Crores

₹237.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	111 Equity Shares out of every 632 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	111 Equity Shares out of every 632 fully paid-up Equity Shares held on the Record Date.

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	102 Equity Shares for every 919 Equity Shares held on the Record Date
General Category for all other Eligible Shareholders	19 Equity Shares for every 292 Equity Shares held on the Record Date

Registrar

Alankit Assignments Ltd

Link Intime India Private Ltd

Lead Managers

Corporate Professionals Capital Private Ltd

Jm Financial Limited

Necessity of the buyback

The Buyback is undertaken by the Company to:
i) Distribute surplus cash to the Equity shareholders.
ii) Improve financial ratios like earnings per share and return on equity, by reducing the equity base of the company.

The Buyback is being undertaken by the Company to:
i) To return surplus funds to the Equity Shareholders; and
ii) To help improve financial ratios like earnings per share and return on equity, by reducing the equity capital of the Company.

Buyback Timetable

Indian Toners & Developers Buyback and NIIT Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Indian Toners & Developers Buyback Buyback record date is Jan 15, 2021. NIIT Buyback Buyback record date is Feb 24, 2021.

	Indian Toners & Developers Limited	NIIT Limited
Record Date	Jan 15, 2021	Feb 24, 2021
Offer Open Date	Mar 04, 2021	Apr 12, 2021
Offer Closure Date	Mar 18, 2021	Apr 28, 2021
Last date for receipt of tender forms	Mar 22, 2021	Apr 30, 2021
Finalisation of buyback	Mar 24, 2021	May 06, 2021
Last Date for settlment of bids	Mar 25, 2021	May 07, 2021
Last Date for extinguishment of shares	Apr 08, 2021	May 14, 2021

Financial Details and Other Relevent Information

Comparison of Indian Toners & Developers Buyback and NIIT Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Indian Toners & Developers Limited

NIIT Limited

Financial

Summary of financial Information (standalone)
Particulars	For the year/period ended (Rs. in Millions)
	31-Mar-20	31-Mar-19	31-Mar-18
Total Income	980.64	1,219.71	1,192.35
Profit After Tax	121.94	204.15	242.23
Net Worth	1,844.21	1,798.63	1,644.31

Summary of financial Information (consolidated)
Particulars	For the year/period ended (Rs. in Lakhs)
	31-Mar-20	31-Mar-19	31-Mar-18
Total Income	1,00,598	87,136	85,909
Profit After Tax	1,32,718	8,720	6,368
Net Worth	96,292	28,350	18,938

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Dec-2020	131.00	117.55	124.65
Nov-2020	137.50	107.25	124.69
Oct-2020	117.45	87.05	103.04

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jan-2021	205.95	187.65	198.63
Dec-2020	207.35	168.75	182.88
Nov-2020	190.35	131.50	153.42

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jan-2021	206.15	187.60	198.60
Dec-2020	207.30	168.85	182.97
Nov-2020	190.50	131.50	153.43

Compare with others

Indian Toners & Developers Limited	NIIT Limited
NIIT Buyback	Smartlink Holdings Buyback
Suprajit Engineering Buyback	Aarti Drugs Buyback
Bharat Rasayan Buyback	Insecticides India Buyback
Jagran Prakashan Buyback	Gujarat Apollo Industries Buyback
Nava Bharat Ventures Buyback	Savita Oil Buyback
Gail India Buyback	Suprajit Engineering Buyback
NALCO Buyback	Bharat Rasayan Buyback
Neelamalai Agro Buyback	Jagran Prakashan Buyback
VRL Logistics Buyback	Nava Bharat Ventures Buyback
Anup Engineering Buyback	Indian Toners & Developers Buyback

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