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Insecticides India Buyback vs NIIT Buyback

Comparision between Insecticides India Buyback and NIIT Buyback.

Buyback Details

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

  Insecticides (India) Limited NIIT Limited
Logo Insecticides India Buyback Logo NIIT Buyback Logo
Type of Buyback Open Market Through Stock Exchange Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹10 per share ₹2 per share
Buyback Price ₹575 per share ₹240 per share
Issue Size 98,75,000 shares
Issue Size (Amount) ₹60.00 Crores ₹237.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 102 Equity Shares for every 919 Equity Shares held on the Record Date
General Category for all other Eligible Shareholders 19 Equity Shares for every 292 Equity Shares held on the Record Date
Registrar Alankit Assignments Ltd Link Intime India Private Ltd
Lead Managers Jm Financial Limited Jm Financial Limited
Necessity of the buyback

The Buy-back is being undertaken by the Company to:
i) Return surplus funds to the shareholders;
ii) Improve return on equity; and
iii) Improve earnings per share by reducing the equity base.

The Buyback is being undertaken by the Company to:
i) To return surplus funds to the Equity Shareholders; and
ii) To help improve financial ratios like earnings per share and return on equity, by reducing the equity capital of the Company.

Buyback Timetable

Insecticides India Buyback and NIIT Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Insecticides India Buyback Buyback record date is . NIIT Buyback Buyback record date is Feb 24, 2021.

  Insecticides (India) Limited NIIT Limited
Record Date Feb 24, 2021
Offer Open Date Apr 12, 2021 Apr 12, 2021
Offer Closure Date Oct 11, 2021 Apr 28, 2021
Last date for receipt of tender forms Apr 30, 2021
Finalisation of buyback May 06, 2021
Last Date for settlment of bids May 07, 2021
Last Date for extinguishment of shares May 14, 2021

Financial Details and Other Relevent Information

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

  Insecticides (India) Limited NIIT Limited
Financial
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Lakhs)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 136,578.51 119,425.31 110,963.53
Profit After Tax 8,604.06 12,240.67 8,397.36
Net Worth 73,225.47 66,143.27 54,387.14
Summary of financial Information (consolidated)
Particulars For the year/period ended (Rs. in Lakhs)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 1,00,598 87,136 85,909
Profit After Tax 1,32,718 8,720 6,368
Net Worth 96,292 28,350 18,938
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Mar-2021 508.00 405.00 457.06
Feb-2021 536.80 440.00 474.25
Jan-2021 522.35 421.50 481.37

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2021 205.95 187.65 198.63
Dec-2020 207.35 168.75 182.88
Nov-2020 190.35 131.50 153.42
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Mar-2021 509.50 405.10 456.75
Feb-2021 537.85 450.15 474.36
Jan-2021 523.00 449.60 481.26

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2021 206.15 187.60 198.60
Dec-2020 207.30 168.85 182.97
Nov-2020 190.50 131.50 153.43

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