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Granules India Buyback vs Mindteck India Buyback

Comparision between Granules India Buyback and Mindteck India Buyback.

Buyback Details

Granules India Buyback is a Tender Offer buyback proposed to list at BSE while Mindteck India Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

  Granules India Limited Mindteck (India) Limited
Logo Granules India Buyback Logo Mindteck India Buyback Logo
Type of Buyback Tender Offer Open Market Through Stock Exchange
Listing At BSE BSE, NSE
Face Value ₹1 per share ₹10 per share
Buyback Price ₹400 per share ₹180 per share
Issue Size 62,50,000 shares
Issue Size (Amount) ₹250.00 Crores ₹13.70 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 1 Equity Share out of every 20 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 19 Equity Shares out of every 821 Fully paid-up Equity Shares held on the Record Date.
Registrar Kfin Technologies Limited Universal Capital Securities Pvt. Ltd
Lead Managers Motilal Oswal Investment Advisors Limited Vivro Financial Services Private 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 members holding Equity Shares thereby enhancing the overall return for them.

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

The buyback is being undertaken for the following reason:

1. The Buy-back is being undertaken by the Company to return surplus funds to the equity shareholders of the Company. Additionally, the Company believes that the Buy-back will improve earnings per share by reduction in the equity base, thereby leading to long-term increase in the value of shareholders.

Buyback Timetable

Granules India Buyback and Mindteck India Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Granules India Buyback Buyback record date is Aug 23, 2022. Mindteck India Buyback Buyback record date is .

  Granules India Limited Mindteck (India) Limited
Record Date Aug 23, 2022
Offer Open Date Sep 27, 2022 Aug 24, 2022
Offer Closure Date Oct 11, 2022 Jan 30, 2023
Last date for receipt of tender forms Oct 11, 2022
Finalisation of buyback Oct 19, 2022
Last Date for settlment of bids Oct 20, 2022
Last Date for extinguishment of shares Oct 25, 2022

Financial Details and Other Relevent Information

Comparison of Granules India Buyback and Mindteck India Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Granules India Limited Mindteck (India) Limited
Financial
Granules India Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet Worth
31-Mar-202635.2335.41843.72
31-Mar-213264.42549.462173.27
31-Mar-223264.42549.462173.27
Amount in ₹ Crore
Mindteck (India) Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet Worth
31-Mar-20277.88-64.8129.63
31-Mar-21291.2710.86139.85
31-Mar-22303.8533.31175.5
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2022 313.25 269.05 295.66
Jun-2022 281.90 227.00 261.12
May-2022 285.00 232.15 260.33

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2022 146.20 101.55 120.92
Jun-2022 129.90 96.30 112.22
May-2022 156.25 111.25 135.18
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2022 313.30 268.90 295.71
Jun-2022 282.00 226.95 261.08
May-2022 285.00 232.10 260.37

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2022 145.60 101.25 120.80
Jun-2022 128.70 95.50 112.20
May-2022 156.00 111.00 134.99

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