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Garware Technical Fibres Buyback vs International Conveyors Buyback

Comparision between Garware Technical Fibres Buyback and International Conveyors Buyback.

Buyback Details

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

  Garware Technical Fibres Limited International Conveyors Limited
Logo Garware Technical Fibres Buyback Logo International Conveyors Buyback Logo
Type of Buyback Tender Offer Open Market Through Stock Exchange
Listing At BSE, NSE BSE, NSE
Face Value ₹10 per share ₹1 per share
Buyback Price ₹3750 per share ₹75 per share
Issue Size 2,40,000 shares
Issue Size (Amount) ₹90.00 Crores ₹29.70 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.
Registrar Link Intime India Private Ltd Maheshwari Datamatics Pvt. Ltd
Lead Managers Ambit Private Limited Keynote Financial Services 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.

The Buyback is being undertaken for the following reasons:

The Board of Directors of the Company is of the view that the Buyback will help the Company effectively utilize its available surplus funds, which is in excess of the amount needed to be retained by the Company for the future growth.

Buyback Timetable

Garware Technical Fibres Buyback and International Conveyors 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. International Conveyors Buyback Buyback record date is .

  Garware Technical Fibres Limited International Conveyors Limited
Record Date Nov 04, 2022
Offer Open Date Dec 05, 2022 Nov 03, 2022
Offer Closure Date Dec 16, 2022 May 03, 2023
Last date for receipt of tender forms Dec 16, 2022
Finalisation of buyback Dec 26, 2022
Last Date for settlment of bids Dec 27, 2022
Last Date for extinguishment of shares Jan 03, 2023

Financial Details and Other Relevent Information

Comparison of Garware Technical Fibres Buyback and International Conveyors 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 International Conveyors Limited
Financial
Garware Technical Fibres Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20985.27140.53739.12717.24132.54
31-Mar-211069.24158.4811.11790.49101.81
31-Mar-221214.94164.78970.59949.9779.57
Amount in ₹ Crore
International Conveyors Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxTotal Borrowing
31-Mar-21227.92178.2416.6245.51
31-Mar-22305.13218.7116.1819.31
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
Sep-2022 65.50 54.95 60.19
Aug-2022 61.70 57.15 58.68
Jul-2022 61.20 56.20 58.20
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
Sep-2022 65.60 55.35 60.22
Aug-2022 61.70 57.30 58.72
Jul-2022 61.50 56.25 58.22

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