Garware Technical Fibres Buyback vs Orbit Exports Buyback

Comparision between Garware Technical Fibres Buyback and Orbit Exports Buyback.

Buyback Details

Garware Technical Fibres Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Orbit Exports Buyback is a Tender Offer proposed to list at BSE, NSE.

Garware Technical Fibres Limited

Orbit Exports Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

Buyback Price

₹3750 per share

₹245 per share

Issue Size

2,40,000 shares

4,08,163 shares

Issue Size (Amount)

₹90.00 Crores

₹10.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	3 Equity Share out of every 41 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	1 Equity Shares out of every 99 Fully paid-up Equity Shares held on the Record Date.

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	2 Equity Share out of every 47 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	9 Equity Shares out of every 673 Fully paid-up Equity Shares held on the Record Date.

Registrar

Link Intime India Private Ltd

Lead Managers

Ambit Private Limited

Keynote Financial Services Ltd

Necessity of the buyback

The Buyback is being undertaken, inter-alia, for the following reasons:

1. The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.

2. The Buyback may help in improving the Company's return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders' value.

The Buyback is being undertaken, inter-alia, for the following reasons:

The Buyback will help the company to return surplus cash to its shareholders broadly in proportion to their shareholding thereby enhancing overall return to the shareholders.
The Buyback would give an option to the equity shareholders to either participate in the Buyback and receive cash in lieu of Equity Shares accepted under the Buyback or not participate in the Buyback and enjoy a resultant increase in their percentage shareholding in the company post the buyback without additional investment.

Buyback Timetable

Garware Technical Fibres Buyback and Orbit Exports Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Garware Technical Fibres Buyback Buyback record date is Nov 04, 2022. Orbit Exports Buyback Buyback record date is Nov 18, 2022.

	Garware Technical Fibres Limited	Orbit Exports Limited
Record Date	Nov 04, 2022	Nov 18, 2022
Offer Open Date	Dec 05, 2022	Dec 15, 2022
Offer Closure Date	Dec 16, 2022	Dec 28, 2022
Last date for receipt of tender forms	Dec 16, 2022	Dec 28, 2022
Finalisation of buyback	Dec 26, 2022	Jan 05, 2023
Last Date for settlment of bids	Dec 27, 2022	Jan 06, 2023
Last Date for extinguishment of shares	Jan 03, 2023	Jan 13, 2023

Financial Details and Other Relevent Information

Comparison of Garware Technical Fibres Buyback and Orbit Exports Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Garware Technical Fibres Limited

Orbit Exports Limited

Financial

Garware Technical Fibres Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	985.27	140.53	739.12	717.24	132.54
31-Mar-21	1069.24	158.4	811.11	790.49	101.81
31-Mar-22	1214.94	164.78	970.59	949.97	79.57
Amount in ₹ Crore

Orbit Exports Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	150.23	26.26	174.09	146.7	16.08
31-Mar-21	73.07	2.38	176.86	149.48	14.37
31-Mar-22	131.17	17.8	194.59	167.21	39.17
30-Sep-22	109.14	22.23	217.88	190.5	39.4
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Sep-2022	3752.55	3250.25	3491.78
Aug-2022	3560.00	2990.00	3180.46
Jul-2022	3465.00	3000.00	3210.58

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Oct-2022	186.75	155.35	164.80
Sep-2022	171.80	146.90	157.90
Aug-2022	158.60	114.65	140.09

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Sep-2022	3754.85	3300.00	3491.83
Aug-2022	3569.95	2980.00	3179.15
Jul-2022	3432.75	2972.35	3211.51

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Oct-2022	185.85	155.50	164.79
Sep-2022	172.25	147.75	158.12
Aug-2022	158.40	115.05	140.02

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Tanla Platforms Buyback 2022	Garware Technical Fibres Buyback

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