Mindteck India Buyback vs Suraj Limited Buyback

Comparision between Mindteck India Buyback and Suraj Limited Buyback.

Buyback Details

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

Mindteck (India) Limited

Suraj Limited

Logo

Type of Buyback

Open Market Through Stock Exchange

Tender Offer

Listing At

BSE, NSE

BSE

Face Value

₹10 per share

Buyback Price

₹180 per share

₹77 per share

Issue Size

9,00,000 shares

Issue Size (Amount)

₹13.70 Crores

₹6.93 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	184 Equity Share out of every 813 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	37 Equity Shares out of every 663 Fully paid-up Equity Shares held on the Record Date.

Registrar

Universal Capital Securities Pvt. Ltd

Bigshare Services Pvt Ltd

Lead Managers

Vivro Financial Services Private Limited

Beeline Capital Advisors Pvt Ltd

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:

The Buyback will help the Company to distribute a part of the surplus cash to its shareholders holding Equity Shares thereby, optimizing returns to the shareholders and enhancing the overall shareholders' value in longer term and improving the return on equity.
The Buyback is being undertaken, inter alia, for helping the Company to return surplus cash to the Eligible Shareholders broadly in proportion to their shareholding, thereby, enhancing the overall return to the Equity Shareholders.

Buyback Timetable

Mindteck India Buyback and Suraj Limited 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 . Suraj Limited Buyback Buyback record date is Aug 20, 2022.

	Mindteck (India) Limited	Suraj Limited
Record Date		Aug 20, 2022
Offer Open Date	Aug 24, 2022	Sep 14, 2022
Offer Closure Date	Jan 30, 2023	Sep 27, 2022
Last date for receipt of tender forms		Sep 27, 2022
Finalisation of buyback		Oct 06, 2022
Last Date for settlment of bids		Oct 07, 2022
Last Date for extinguishment of shares		Oct 14, 2022

Financial Details and Other Relevent Information

Comparison of Mindteck India Buyback and Suraj Limited 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

Suraj Limited

Financial

Mindteck (India) Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth
31-Mar-20	277.88	-64.8	129.63
31-Mar-21	291.27	10.86	139.85
31-Mar-22	303.85	33.31	175.5
Amount in ₹ Crore

Suraj Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth
31-Mar-20	177.03	1.01	87.77
31-Mar-21	192.38	1.37	89.14
31-Mar-22	348.76	3	92.17
Amount in ₹ Crore

Stock price at BSE

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 BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2022	76.45	62.05	69.25
Jun-2022	73.60	61.05	67.33
May-2022	80.00	63.30	71.65

Stock price at NSE

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

Compare with others

Mindteck (India) Limited	Suraj Limited
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ACC Limited Buyback	Quick Heal Technologies Buyback 2022
SIS Limited Buyback	CARE Ratings Buyback
TCI Express Buyback	Techno Electric Buyback
Granules India Buyback	Marksans Pharma Buyback
Suraj Limited Buyback	Bajaj Auto Buyback

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