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Jagran Prakashan Buyback 2022 vs Triveni Engineering Buyback 2022

Comparision between Jagran Prakashan Buyback 2022 and Triveni Engineering Buyback 2022.

Buyback Details

Jagran Prakashan Buyback 2022 is a Tender Offer buyback proposed to list at BSE, NSE while Triveni Engineering Buyback 2022 is a Tender Offer proposed to list at BSE, NSE.

  Jagran Prakashan Ltd Triveni Engineering and Industries Limited
Logo Jagran Prakashan Buyback 2022 Logo Triveni Engineering Buyback 2022 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹2 per share ₹1 per share
Buyback Price ₹75 per share ₹350 per share
Issue Size 4,60,00,000 shares 2,28,57,142 shares
Issue Size (Amount) ₹345.00 Crores ₹800.00 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders1 Equity Shares out of every 3 Fully paid-up Equity Shares held on the Record Date.3,428,572.00
General Category for all other Eligible Shareholders1 Equity Shares out of every 12 Fully paid-up Equity Shares held on the Record Date.19,428,570.00
Registrar Kfin Technologies Limited Kfin Technologies Limited
Lead Managers Ernst & Young Merchant Banking Services Llp Ambit Private Limited
Necessity of the buyback

The Buyback is being undertaken for the following reasons:

  • The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares.
  • The Buyback may help in improving return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders' value.

The Buyback is being undertaken for the following reasons:

1. The Buyback will help the Company distribute surplus cash to its shareholders holding Equity Shares and promote capital efficiency, thereby increasing shareholders' value and improving return on equity.

2. The Company's dividend pay-out trend and cash reserves, the Company considers appropriate to return surplus funds to the shareholders effectively and efficiently.

Buyback Timetable

Jagran Prakashan Buyback 2022 and Triveni Engineering Buyback 2022 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Jagran Prakashan Buyback 2022 Buyback record date is Jan 06, 2023. Triveni Engineering Buyback 2022 Buyback record date is Dec 23, 2022.

  Jagran Prakashan Ltd Triveni Engineering and Industries Limited
Record Date Jan 06, 2023 Dec 23, 2022
Offer Open Date Mar 02, 2023 Feb 16, 2023
Offer Closure Date Mar 16, 2023 Mar 01, 2023
Last date for receipt of tender forms Mar 18, 2023 Mar 01, 2023
Finalisation of buyback Mar 24, 2023 Mar 10, 2023
Last Date for settlment of bids Mar 27, 2023 Mar 13, 2023
Last Date for extinguishment of shares Apr 03, 2023 Mar 20, 2023

Financial Details and Other Relevent Information

Comparison of Jagran Prakashan Buyback 2022 and Triveni Engineering Buyback 2022 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Jagran Prakashan Ltd Triveni Engineering and Industries Limited
Financial
Jagran Prakashan Ltd Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202129.57280.91918.491862.25225.18
31-Mar-211341.278.311995.31939.67287.93
31-Mar-221682.68216.882137.422084.69296.62
Amount in ₹ Crore
Triveni Engineering and Industries Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-204472.9335.121303.621268.51547.77
31-Mar-214733.75294.61517.351480.01990.48
31-Mar-224716.23424.061869.381831.811575.06
30-Sep-222854.671454.213281.283244.26883.98
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 74.60 64.75 69.48
Oct-2022 69.10 63.25 65.76
Sep-2022 72.50 61.40 65.12

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 308.85 252.30 277.35
Oct-2022 291.80 249.30 270.63
Sep-2022 294.35 232.80 253.42
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 74.90 63.10 69.47
Oct-2022 69.45 62.30 65.76
Sep-2022 73.70 60.70 65.16

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 308.90 252.05 277.47
Oct-2022 292.00 247.30 270.58
Sep-2022 294.35 231.60 253.48

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