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International Conveyors Buyback vs Triveni Turbine Buyback

Comparision between International Conveyors Buyback and Triveni Turbine Buyback.

Buyback Details

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

  International Conveyors Limited Triveni Turbine Limited
Logo International Conveyors Buyback Logo Triveni Turbine Buyback Logo
Type of Buyback Open Market Through Stock Exchange Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹1 per share ₹1 per share
Buyback Price ₹75 per share ₹350 per share
Issue Size 54,28,571 shares
Issue Size (Amount) ₹29.70 Crores ₹190.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 8 Equity Shares out of every 51 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 1 Equity Share out of every 69 Fully paid-up Equity Shares held on the Record Date.
Registrar Maheshwari Datamatics Pvt. Ltd Kfin Technologies Limited
Lead Managers Keynote Financial Services Ltd Ambit 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, inter-alia, for the following reasons:

Taking into account the operational and strategic cash requirements of the Company in the medium term (including investment in growth plans and associated capital expenditure), the Company's dividend pay-out trend and cash reserves, the Company considers appropriate to return surplus funds to the shareholders in an effective and efficient manner.

The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares and will promote capital efficiency and thereby increasing shareholders' value and improving return on equity to the management of the Company's business during that year and to the amount and character of the financial resources which will, in the Board's view.

Buyback Timetable

International Conveyors Buyback and Triveni Turbine 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 . Triveni Turbine Buyback Buyback record date is Dec 23, 2022.

  International Conveyors Limited Triveni Turbine Limited
Record Date Dec 23, 2022
Offer Open Date Nov 03, 2022 Jan 17, 2023
Offer Closure Date May 03, 2023 Jan 31, 2023
Last date for receipt of tender forms Jan 31, 2023
Finalisation of buyback Feb 08, 2023
Last Date for settlment of bids Feb 09, 2023
Last Date for extinguishment of shares Feb 16, 2023

Financial Details and Other Relevent Information

Comparison of International Conveyors Buyback and Triveni Turbine 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 Triveni Turbine Limited
Financial
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
Triveni Turbine Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxTotal Borrowing
31-Mar-21941.85721.68102.4698.69
31-Mar-221334.82881.72270.2128.2
Amount in ₹ Crore
Stock price at BSE

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 BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 294.85 270.10 281.01
Oct-2022 305.10 233.10 270.84
Sep-2022 248.20 205.60 225.24
Stock price at NSE

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

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 294.80 270.20 280.95
Oct-2022 305.50 234.90 270.76
Sep-2022 248.80 204.95 225.24

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