Mahalaxmi Rubtech Buyback vs Shriram Pistons & Rings Buyback

Comparision between Mahalaxmi Rubtech Buyback and Shriram Pistons & Rings Buyback.

Buyback Details

Mahalaxmi Rubtech Buyback is a Tender Offer buyback proposed to list at BSE while Shriram Pistons & Rings Buyback is a Tender Offer proposed to list at NSE.

Mahalaxmi Rubtech Limited

Shriram Pistons & Rings Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE

NSE

Face Value

₹10 per share

Buyback Price

₹70 per share

₹1020 per share

Issue Size

27,00,000 shares

3,50,000 shares

Issue Size (Amount)

₹18.90 Crores

₹35.70 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	25 Equity shares out of every 73 fully paid up Equity shares held on the Record date.
General Category for all other Eligible Shareholders	14 Equity shares out of every 71 fully paid up Equity shares held on the Record date.

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

Cameo Corporate Services Limited

Alankit Assignments Ltd

Lead Managers

Saffron Capital Advisors Private Limited

Edelweiss Financial Services Ltd

Necessity of the buyback

The Buyback aims to :
ii) Give an option to shareholders to get cash in lieu of Equity Shares to be accepted under the Buyback or choose not to participate and enjoy a resultant increase in their percentage shareholding without additional investment.
iii) The Buyback will help in improving certain key financial ratios of the Company.

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

Mahalaxmi Rubtech 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. Mahalaxmi Rubtech Buyback Buyback record date is Aug 27, 2021. Shriram Pistons & Rings Buyback Buyback record date is Aug 12, 2021.

	Mahalaxmi Rubtech Limited	Shriram Pistons & Rings Limited
Record Date	Aug 27, 2021	Aug 12, 2021
Offer Open Date	Sep 29, 2021	Sep 17, 2021
Offer Closure Date	Oct 12, 2021	Sep 30, 2021
Last date for receipt of tender forms	Oct 15, 2021	Oct 04, 2021
Finalisation of buyback	Oct 22, 2021	Oct 07, 2021
Last Date for settlment of bids	Oct 25, 2021	Oct 11, 2021
Last Date for extinguishment of shares	Nov 01, 2021	Oct 18, 2021

Financial Details and Other Relevent Information

Comparison of Mahalaxmi Rubtech 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.

Mahalaxmi Rubtech Limited

Shriram Pistons & Rings Limited

Financial

Summary of financial Information (Standalone)
Particulars	For the year/period ended (Rs.in Millions)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	1,393.76	1,811.11	1,866.50
Profit After Tax	61.00	48.16	49.31
Net Worth	940.32	880.91	830.48
Reserves and Surplus	807.12	747.71	697.28

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	68.75	47.90	58.33
Jun-2021	51.35	48.25	49.80
May-2021	51.10	37.60	44.35

Stock price at NSE

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

Compare with others

Mahalaxmi Rubtech Limited	Shriram Pistons & Rings Limited
S H Kelkar Buyback	eClerx Services Limited Buyback
Nucleus Software Buyback	Rishiroop Limited Buyback
Goldiam International Buyback	Mahalaxmi Rubtech Buyback
eClerx Services Limited Buyback	Star Cement Buyback
Rishiroop Limited Buyback	Gandhi Special Tubes Limited Buyback
Star Cement Buyback	Rsystems Buyback
Gandhi Special Tubes Limited Buyback	Kaveri Seed Buyback
Shriram Pistons & Rings Buyback	Balrampur Chini Mills Buyback
Rsystems Buyback	Tanla Platforms Buyback
Kaveri Seed Buyback	Infosys Buyback

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