KRBL Buyback 2023 vs Sinclairs Hotels Buyback 2023

Comparision between KRBL Buyback 2023 and Sinclairs Hotels Buyback 2023.

Buyback Details

KRBL Buyback 2023 is a Tender Offer buyback proposed to list at BSE, NSE while Sinclairs Hotels Buyback 2023 is a Tender Offer proposed to list at BSE.

KRBL Limited

Sinclairs Hotels Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

BSE

Face Value

₹1 per share

₹2 per share

Buyback Price

₹500 per share

₹200 per share

Issue Size

65,00,000 shares

15,20,000 shares

Issue Size (Amount)

₹325.00 Crores

₹30.40 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	51 Equity Shares out of every 292 Fully paid-up Equity Shares held on the Record Date.	975,000.00
General Category for all other Eligible Shareholders	5 Equity Shares out of every 208 Fully paid-up Equity Shares held on the Record Date.	5,525,000.00

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	1 Equity Shares out of every 10 Fully paid-up Equity Shares held on the Record Date.	228,000.00
General Category for all other Eligible Shareholders	1 Equity Shares out of every 20 Fully paid-up Equity Shares held on the Record Date.	1,292,000.00

Registrar

Alankit Assignments Ltd

Niche Technologies Pvt. Ltd

Lead Managers

Elara Capital (India) Private Limited

Skp Securities Limited

Necessity of the buyback

The Buyback is being undertaken for the following reasons:

1. The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares thereby enhancing the overall return for them.

2. The Buyback is generally expected to improve return on equity through distribution of cash and improve earnings per share by reduction in the equity base of the Company, thereby leading to long term increase in shareholders' value.

The proposed Buy-back will help the Company achieve the following objectives:

To return surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
The Buy Back, which is being implemented through the tender offer involving a reservation for Small Shareholders of 15%. The Company believes that this reservation of 15% for Small Shareholders would benefit a large number of public shareholders.
The Buy Back may help in improving return on equity.
The Buy Back gives an option to the shareholders holding Equity Shares of the Company, to either choose to participate and get cash in lieu of Equity Shares or choose not to participate and enjoy a resultant increase in their percentage shareholding.

Buyback Timetable

KRBL Buyback 2023 and Sinclairs Hotels Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. KRBL Buyback 2023 Buyback record date is Aug 25, 2023. Sinclairs Hotels Buyback 2023 Buyback record date is Sep 29, 2023.

	KRBL Limited	Sinclairs Hotels Limited
Record Date	Aug 25, 2023	Sep 29, 2023
Offer Open Date	Aug 31, 2023	Oct 06, 2023
Offer Closure Date	Sep 06, 2023	Oct 12, 2023
Last date for receipt of tender forms	Sep 06, 2023	Oct 12, 2023
Finalisation of buyback	Sep 12, 2023	Oct 18, 2023
Last Date for settlment of bids	Sep 13, 2023	Oct 19, 2023
Last Date for extinguishment of shares	Aug 25, 2023	Oct 31, 2023

Financial Details and Other Relevent Information

Comparison of KRBL Buyback 2023 and Sinclairs Hotels Buyback 2023 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

KRBL Limited

Sinclairs Hotels Limited

Financial

KRBL Buyback 2023 Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022
Assets	4,627.83	4,748.02
Revenue	4,014.56	4,253.27
Profit After Tax	558.91	459.40
Net Worth	3,693.00	4,070.00
Reserves and Surplus
Total Borrowing

Amount in ₹ Crore

Sinclairs Hotels Limited Financial Information (Restated Standalone)

Sinclairs Hotels Limited's revenue increased by 67% and profit after tax (PAT) rose by 338.21% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets
Revenue	57.33	34.33	23.14
Profit After Tax	31.23	7.13	3.51
Net Worth	124.33	108.32	103.34
Reserves and Surplus
Total Borrowing
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Aug-2023	418.85	371.55	398.82
Jul-2023	390.00	335.65	362.41
Jun-2023	376.00	339.00	353.18

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Aug-2023	170.00	144.00	161.27
Jul-2023	155.00	112.00	139.19
Jun-2023	130.00	115.00	123.07

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Aug-2023	419.00	370.55	399.02
Jul-2023	390.50	335.45	362.41
Jun-2023	376.30	338.90	352.81

Compare with others

KRBL Limited	Sinclairs Hotels Limited
Atul Buyback 2023	Gujarat Narmada Valley Fertilizers Buyback 2023
Somany Ceramics Buyback 2023	Atul Buyback 2023
Tata Consultancy Services Buyback 2023	Somany Ceramics Buyback 2023
Siyaram Silk Mills Buyback 2023	Tata Consultancy Services Buyback 2023
Sinclairs Hotels Buyback 2023	Siyaram Silk Mills Buyback 2023
FDC Buyback 2023	KRBL Buyback 2023
CL Educate Buyback 2023	FDC Buyback 2023
Control Print (India) Buyback 2023	CL Educate Buyback 2023
Piramal Enterprises Buyback 2023	Control Print (India) Buyback 2023
Larsen & Toubro Buyback 2023	Piramal Enterprises Buyback 2023

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