Infosys Buyback vs Shriram Pistons & Rings Buyback

Comparision between Infosys Buyback and Shriram Pistons & Rings Buyback.

Buyback Details

Infosys Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Shriram Pistons & Rings Buyback is a Tender Offer proposed to list at NSE.

Infosys Limited

Shriram Pistons & Rings Limited

Logo

Type of Buyback

Open Market Through Stock Exchange

Tender Offer

Listing At

BSE, NSE

NSE

Face Value

₹5 per share

₹10 per share

Buyback Price

₹1750 per share

₹1020 per share

Issue Size

3,50,000 shares

Issue Size (Amount)

₹9,200.00 Crores

₹35.70 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	426 Equity Shares out of every 485 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	2 Equity Shares out of every 151 fully paid-up Equity Shares held on the Record Date.

Registrar

Kfin Technologies Limited

Alankit Assignments Ltd

Lead Managers

Kotak Mahindra Capital Company Limited

Edelweiss Financial Services Ltd

Necessity of the buyback

The Buyback aims to :
i) Return surplus cash to the members.
ii) Improve Return on Equity and Earnings per share and thereby enhance shareholder value in the long term.

The Buyback aims to :
i) Return surplus cash to the shareholders, thereby, optimizing returns to the shareholders and enhancing the overall shareholders’ value.
ii) Improve Return on Equity, Earnings per share, enhance return on invested capital, and thereby enhance shareholder value in the long term.

Buyback Timetable

Infosys Buyback and Shriram Pistons & Rings Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Infosys Buyback Buyback record date is . Shriram Pistons & Rings Buyback Buyback record date is Aug 12, 2021.

	Infosys Limited	Shriram Pistons & Rings Limited
Record Date		Aug 12, 2021
Offer Open Date	Jun 25, 2021	Sep 17, 2021
Offer Closure Date	Dec 24, 2021	Sep 30, 2021
Last date for receipt of tender forms		Oct 04, 2021
Finalisation of buyback		Oct 07, 2021
Last Date for settlment of bids		Oct 11, 2021
Last Date for extinguishment of shares		Oct 18, 2021

Financial Details and Other Relevent Information

Comparison of Infosys Buyback and Shriram Pistons & Rings Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Infosys Limited

Shriram Pistons & Rings Limited

Financial

Summary of financial Information (consolidated)
Particulars	For the year/period ended (Rs. in Crores)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	102,673	93,594	85,557
Profit After Tax	19,423	16,639	15,410
Net Worth	76,351	65,450	64,948
Reserves and Surplus	74,227	63,328	62,778

Summary of financial Information (standalone)
Particulars	For the year/period ended (Rs.in Million)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	16,161.75	16,266.12	19,785.35
Profit After Tax	887.51	730.35	1,384.50
Net Worth	11,384.15	10,607.72	10,166.92
Reserves and Surplus	10,772.12	9,994.55	9,837.00

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
May-2021	1415.50	1311.80	1353.04
Apr-2021	1480.00	1320.35	1379.54
Mar-2021	1406.25	1259.70	1349.16

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
May-2021	1416.25	1311.30	1352.94
Apr-2021	1477.55	1320.00	1379.59
Mar-2021	1406.00	1259.00	1349.14

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2021	1113.75	878.00	953.26
Jun-2021	1048.80	746.00	852.27
May-2021	870.95	740.85	784.36

Compare with others

Infosys Limited	Shriram Pistons & Rings Limited
Shriram Pistons & Rings Buyback	eClerx Services Limited Buyback
Rsystems Buyback	Rishiroop Limited Buyback
Kaveri Seed Buyback	Mahalaxmi Rubtech Buyback
Balrampur Chini Mills Buyback	Star Cement Buyback
Tanla Platforms Buyback	Gandhi Special Tubes Limited Buyback
Welspun India Buyback	Rsystems Buyback
Navneet Education Buyback	Kaveri Seed Buyback
Infobeans Technologies Buyback	Balrampur Chini Mills Buyback
Quick Heal Technologies Buyback	Tanla Platforms Buyback
SIS Buyback	Infosys Buyback

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