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Comparision between International Conveyors Buyback and Mindteck India Buyback.
International Conveyors Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Mindteck India Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.
International Conveyors Limited | Mindteck (India) Limited | |
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Logo | ||
Type of Buyback | Open Market Through Stock Exchange | Open Market Through Stock Exchange |
Listing At | BSE, NSE | BSE, NSE |
Face Value | ₹1 per share | ₹10 per share |
Buyback Price | ₹75 per share | ₹180 per share |
Issue Size | ||
Issue Size (Amount) | ₹29.70 Crores | ₹13.70 Crores |
Buyback Ratio | ||
Registrar | Maheshwari Datamatics Pvt. Ltd | Universal Capital Securities Pvt. Ltd |
Lead Managers | Keynote Financial Services Ltd | Vivro Financial Services Private Limited |
Necessity of the buyback | 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. |
The buyback is being undertaken for the following reason: 1. The Buy-back is being undertaken by the Company to return surplus funds to the equity shareholders of the Company. Additionally, the Company believes that the Buy-back will improve earnings per share by reduction in the equity base, thereby leading to long-term increase in the value of shareholders. |
International Conveyors Buyback and Mindteck India Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. International Conveyors Buyback Buyback record date is . Mindteck India Buyback Buyback record date is .
International Conveyors Limited | Mindteck (India) Limited | |
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Record Date | ||
Offer Open Date | Nov 03, 2022 | Aug 24, 2022 |
Offer Closure Date | May 03, 2023 | Jan 30, 2023 |
Last date for receipt of tender forms | ||
Finalisation of buyback | ||
Last Date for settlment of bids | ||
Last Date for extinguishment of shares |
Comparison of International Conveyors Buyback and Mindteck India Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.
International Conveyors Limited | Mindteck (India) Limited | |||||||||||||||||||||||||||||||||||||||||
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Stock price at BSE | Stock price at BSE (in preceding 3 months)
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Stock price at BSE (in preceding 3 months)
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Stock price at NSE | Stock price at NSE (in preceding 3 months)
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Stock price at NSE (in preceding 3 months)
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