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Orbit Exports Buyback vs Technocraft Industries Buyback 2022

Comparision between Orbit Exports Buyback and Technocraft Industries Buyback 2022.

Buyback Details

Orbit Exports Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Technocraft Industries Buyback 2022 is a Tender Offer proposed to list at BSE, NSE.

  Orbit Exports Limited Technocraft Industries (India) Limited
Logo Orbit Exports Buyback Logo Technocraft Industries Buyback 2022 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹10 per share ₹10 per share
Buyback Price ₹245 per share ₹1000 per share
Issue Size 4,08,163 shares 15,00,000 shares
Issue Size (Amount) ₹10.00 Crores ₹150.00 Crores
Buyback Ratio
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.
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders33 Equity Shares out of every 83 Fully paid-up Equity Shares held on the Record Date.225,000.00
General Category for all other Eligible Shareholders31 Equity Shares out of every 581 Fully paid-up Equity Shares held on the Record Date.1,275,000.00
Registrar Link Intime India Private Ltd Link Intime India Private Ltd
Lead Managers Keynote Financial Services Ltd Systematix Corporate Services Limited
Necessity of the buyback

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.

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;
  2. The Buyback would involve allocation of number of Equity Shares reserved for the small shareholders;
  3. The Buyback may help in improving return on equity leading to long term increase in shareholders' value;
  4. The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares; and
  5. The Buyback may lead to reduction in outstanding Equity Shares, improvement in earnings per Equity Share, and enhanced return on equity.

Buyback Timetable

Orbit Exports Buyback and Technocraft Industries Buyback 2022 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Orbit Exports Buyback Buyback record date is Nov 18, 2022. Technocraft Industries Buyback 2022 Buyback record date is Dec 30, 2022.

  Orbit Exports Limited Technocraft Industries (India) Limited
Record Date Nov 18, 2022 Dec 30, 2022
Offer Open Date Dec 15, 2022 Feb 01, 2023
Offer Closure Date Dec 28, 2022 Feb 14, 2023
Last date for receipt of tender forms Dec 28, 2022 Feb 16, 2023
Finalisation of buyback Jan 05, 2023 Feb 21, 2023
Last Date for settlment of bids Jan 06, 2023 Feb 22, 2023
Last Date for extinguishment of shares Jan 13, 2023 Mar 01, 2023

Financial Details and Other Relevent Information

Comparison of Orbit Exports Buyback and Technocraft Industries Buyback 2022 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Orbit Exports Limited Technocraft Industries (India) Limited
Financial
Orbit Exports Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20150.2326.26174.09146.716.08
31-Mar-2173.072.38176.86149.4814.37
31-Mar-22131.1717.8194.59167.2139.17
30-Sep-22109.1422.23217.88190.539.4
Amount in ₹ Crore
Technocraft Industries (India) Limited Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-201393.98123.1924.46914.16635.08
31-Mar-211352.34146.831069.371044.91466.92
31-Mar-221958.55274.571332.031307.57506.14
Amount in ₹ Crore
Stock price at BSE

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 BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 890.25 746.95 827.38
Oct-2022 846.00 689.65 747.42
Sep-2022 925.00 741.20 837.17
Stock price at NSE

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

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 894.45 751.60 826.87
Oct-2022 819.00 701.05 747.21
Sep-2022 926.45 742.40 835.93

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