Indian Toners & Developers Buyback vs VRL Logistics Buyback

Comparision between Indian Toners & Developers Buyback and VRL Logistics Buyback.

Buyback Details

Indian Toners & Developers Buyback is a Tender Offer buyback proposed to list at BSE while VRL Logistics Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

Indian Toners & Developers Limited

VRL Logistics Limited

Logo

Type of Buyback

Tender Offer

Open Market Through Stock Exchange

Listing At

BSE

BSE, NSE

Face Value

₹10 per share

Buyback Price

₹160 per share

₹300 per share

Issue Size

23,11,610 shares

Issue Size (Amount)

₹36.99 Crores

₹60.00 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.

Registrar

Alankit Assignments Ltd

Kfin Technologies Limited

Lead Managers

Corporate Professionals Capital Private Ltd

ICICI Securities 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 will help the Company achieve the following objectives:
i) Optimize returns to shareholders;
ii) Enhance overall shareholders’ value; and
iii) Improve return on equity by reduction in the equity base.

Buyback Timetable

Indian Toners & Developers Buyback and VRL Logistics 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. VRL Logistics Buyback Buyback record date is .

	Indian Toners & Developers Limited	VRL Logistics Limited
Record Date	Jan 15, 2021
Offer Open Date	Mar 04, 2021	Feb 17, 2021
Offer Closure Date	Mar 18, 2021	Aug 16, 2021
Last date for receipt of tender forms	Mar 22, 2021
Finalisation of buyback	Mar 24, 2021
Last Date for settlment of bids	Mar 25, 2021
Last Date for extinguishment of shares	Apr 08, 2021

Financial Details and Other Relevent Information

Comparison of Indian Toners & Developers Buyback and VRL Logistics 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

VRL Logistics 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 (standalone)
Particulars	For the year/period ended (Rs. in Millions)
	31-Mar-20	31-Mar-19	31-Mar-18
Total Income	21,288.56	21,174.68	19,365.50
Profit After Tax	901.14	919.16	925.64
Net Worth	6,168.69	6,459.38	5,932.19

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	214.00	165.00	196.03
Dec-2020	214.00	171.80	197.27
Nov-2020	192.60	149.00	166.31

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jan-2021	209.70	179.25	196.00
Dec-2020	214.25	171.75	197.31
Nov-2020	193.05	149.00	166.32

Compare with others

Indian Toners & Developers Limited	VRL Logistics Limited
NIIT Buyback	Nava Bharat Ventures Buyback
Suprajit Engineering Buyback	Indian Toners & Developers Buyback
Bharat Rasayan Buyback	Gail India Buyback
Jagran Prakashan Buyback	NALCO Buyback
Nava Bharat Ventures Buyback	Neelamalai Agro Buyback
Gail India Buyback	Anup Engineering Buyback
NALCO Buyback	Atul Buyback
Neelamalai Agro Buyback	Freshtrop Fruits Buyback
VRL Logistics Buyback	Archidply Industries Buyback
Anup Engineering Buyback	Industrial and Prudential Investment Buyback

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