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NIIT Buyback vs Savita Oil Buyback

Comparision between NIIT Buyback and Savita Oil Buyback.

Buyback Details

NIIT Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Savita Oil Buyback is a Tender Offer proposed to list at BSE, NSE.

  NIIT Limited Savita Oil Technologies Limited
Logo NIIT Buyback Logo Savita Oil Buyback Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹2 per share ₹10 per share
Buyback Price ₹240 per share ₹1400 per share
Issue Size 98,75,000 shares 2,51,000 shares
Issue Size (Amount) ₹237.00 Crores ₹35.14 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
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 1 Equity Shares out of every 21 Equity Shares held on the Record Date
General Category for all other Eligible Shareholders 1 Equity Shares out of every 62 Equity Shares held on the Record Date
Registrar Link Intime India Private Ltd Link Intime India Private Ltd
Lead Managers Jm Financial Limited Iti Capital Ltd
Necessity of the buyback

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.

The Buy-back is being undertaken by the Company to:
i) To enhance the equity shareholders returns; and
ii) To improve financial ratios like earnings per share, return on equity, by reduction in the equity base.

Buyback Timetable

NIIT Buyback and Savita Oil Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. NIIT Buyback Buyback record date is Feb 24, 2021. Savita Oil Buyback Buyback record date is Mar 05, 2021.

  NIIT Limited Savita Oil Technologies Limited
Record Date Feb 24, 2021 Mar 05, 2021
Offer Open Date Apr 12, 2021 Apr 15, 2021
Offer Closure Date Apr 28, 2021 Apr 29, 2021
Last date for receipt of tender forms Apr 30, 2021 May 03, 2021
Finalisation of buyback May 06, 2021 May 07, 2021
Last Date for settlment of bids May 07, 2021 May 10, 2021
Last Date for extinguishment of shares May 14, 2021 May 17, 2021

Financial Details and Other Relevent Information

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

  NIIT Limited Savita Oil Technologies 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 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
Summary of financial Information (Standalone)
Particulars For the year/period ended (Rs. in Lakhs)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 2,05,778.42 2,28,091.73 1,83,418.04
Profit After Tax 9,564.24 11,427.01 12,619.59
Net Worth 86,858.47 85,160.48 74,230.93
Stock price at BSE

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 BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2021 745.00 655.10 700.14
Dec-2020 800.00 695.00 724.13
Nov-2020 784.00 670.00 688.31
Stock price at NSE

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

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2021 742.00 655.00 699.84
Dec-2020 845.70 691.00 723.66
Nov-2020 790.00 664.95 689.62

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