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Kaveri Seed Buyback vs Shriram Pistons & Rings Buyback

Comparision between Kaveri Seed Buyback and Shriram Pistons & Rings Buyback.

Buyback Details

Kaveri Seed 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.

  Kaveri Seed Company Limited Shriram Pistons & Rings Limited
Logo Kaveri Seed Buyback Logo Shriram Pistons & Rings Buyback Logo
Type of Buyback Open Market Through Stock Exchange Tender Offer
Listing At BSE, NSE NSE
Face Value ₹2 per share ₹10 per share
Buyback Price ₹850 per share ₹1020 per share
Issue Size 3,50,000 shares
Issue Size (Amount) ₹120.00 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 Bigshare Services Pvt Ltd Alankit Assignments Ltd
Lead Managers Bajaj Capital Limited Edelweiss Financial Services Ltd
Necessity of the buyback

The Buyback aims to :
i) Help the company return surplus cash to its shareholders holding Equity.
ii) Improve return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders’ value.
iii) Give an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares to be accepted under the Buyback offer or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer, without additional investment.

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

Kaveri Seed 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. Kaveri Seed Buyback Buyback record date is . Shriram Pistons & Rings Buyback Buyback record date is Aug 12, 2021.

  Kaveri Seed Company Limited Shriram Pistons & Rings Limited
Record Date Aug 12, 2021
Offer Open Date Sep 02, 2021 Sep 17, 2021
Offer Closure Date Mar 01, 2022 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 Kaveri Seed 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.

  Kaveri Seed Company Limited Shriram Pistons & Rings Limited
Financial
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Crores)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 1,034.99 929.81 811.85
Profit After Tax 305.31 251.26 214.72
Net Worth 1,262.07 981.85 1,012.95
Reserves and Surplus 1,250.00 969.78 1,000.33
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
Jul-2021 787.85 680.15 733.67
Jun-2021 747.15 639.00 712.07
May-2021 815.85 592.00 727.75
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2021 781.90 680.65 736.85
Jun-2021 747.95 675.00 711.16
May-2021 816.65 595.25 732.60

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

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