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Comparision between Mindteck India Buyback and SP Apparels Buyback.
Mindteck India Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while SP Apparels Buyback is a Tender Offer proposed to list at BSE, NSE.
Mindteck (India) Limited | S.P. Apparels Ltd | |||||||
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Logo | ||||||||
Type of Buyback | Open Market Through Stock Exchange | Tender Offer | ||||||
Listing At | BSE, NSE | BSE, NSE | ||||||
Face Value | ₹10 per share | ₹10 per share | ||||||
Buyback Price | ₹180 per share | ₹585 per share | ||||||
Issue Size | 6,00,000 shares | |||||||
Issue Size (Amount) | ₹13.70 Crores | ₹35.10 Crores | ||||||
Buyback Ratio |
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Registrar | Universal Capital Securities Pvt. Ltd | Link Intime India Private Ltd | ||||||
Lead Managers | Vivro Financial Services Private Limited | Motilal Oswal Investment Advisors Limited | ||||||
Necessity of the buyback | 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. |
The Buyback is being undertaken for the following reasons: |
Mindteck India Buyback and SP Apparels Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Mindteck India Buyback Buyback record date is . SP Apparels Buyback Buyback record date is Oct 07, 2022.
Mindteck (India) Limited | S.P. Apparels Ltd | |
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Record Date | Oct 07, 2022 | |
Offer Open Date | Aug 24, 2022 | Nov 03, 2022 |
Offer Closure Date | Jan 30, 2023 | Nov 17, 2022 |
Last date for receipt of tender forms | Nov 17, 2022 | |
Finalisation of buyback | Nov 25, 2022 | |
Last Date for settlment of bids | Nov 28, 2022 | |
Last Date for extinguishment of shares | Dec 05, 2022 |
Comparison of Mindteck India Buyback and SP Apparels Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.
Mindteck (India) Limited | S.P. Apparels Ltd | ||||||||||||||||||||||||||||||||||||||||||||||
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Stock price at BSE | Stock price at BSE (in preceding 3 months)
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Stock price at BSE (in preceding 3 months)
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Stock price at NSE | Stock price at NSE (in preceding 3 months)
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Stock price at NSE (in preceding 3 months)
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