Filatex India Buyback vs Pennar Industries Buyback

Comparision between Filatex India Buyback and Pennar Industries Buyback.

Buyback Details

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

Filatex India Limited

Pennar Industries Limited

Logo

Type of Buyback

Tender Offer

Open Market Through Stock Exchange

Listing At

BSE, NSE

Face Value

₹2 per share

₹5 per share

Buyback Price

₹140 per share

₹50 per share

Issue Size

42,50,000 shares

Issue Size (Amount)

₹59.50 Crores

₹40.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	23 Equity Share out of every 226 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	8 Equity Share out of every 485 Fully paid-up Equity Shares held on the Record Date.

Registrar

Mcs Share Transfer Agent Limited

Kfin Technologies Limited

Lead Managers

Corporate Professionals Capital Private Ltd

Finshore Management Services Limited

Necessity of the buyback

The buyback is being undertaken for the following reasons:

1. The Buyback will help the company to distribute surplus cash to its shareholders holding Equity shares broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders.

2. The Buyback would help in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the company.

The buyback aims to utilize the net proceeds towards the following objectives:

To increase the earnings per share (EPS) over a period of time.
To effectively utilize available cash, and
To improve key return ratios like return on net worth, return on assets, etc.

Buyback Timetable

Filatex India Buyback and Pennar Industries Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Filatex India Buyback Buyback record date is Apr 08, 2022. Pennar Industries Buyback Buyback record date is .

	Filatex India Limited	Pennar Industries Limited
Record Date	Apr 08, 2022
Offer Open Date	May 09, 2022	Mar 23, 2022
Offer Closure Date	May 23, 2022	Sep 22, 2022
Last date for receipt of tender forms	May 23, 2022
Finalisation of buyback	May 27, 2022
Last Date for settlment of bids	Jun 01, 2022
Last Date for extinguishment of shares	Jun 08, 2022

Financial Details and Other Relevent Information

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

Filatex India Limited

Pennar Industries Limited

Financial

Summary of financial Information (standalone)
Particulars	For the year/period ended (Rs. in Lakhs)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	2,23,660.74	2,79,448.95	2,88,588.53
Profit After Tax	16,583.32	12,147.04	8,484.60
Net Worth	68,976.87	52,272.04	39,934.67
Reserves and Surplus	64,560.51	47,878.34	35,584.67

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (Rs. in Millions)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	15,440.10	21,268.30	21,598.50
Profit After Tax	28.40	534.00	666.60
Net Worth	6,958.30	7,003.30	6,674.90

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Feb-2022	129.80	101.15	119.89
Jan-2022	142.30	96.50	118.36
Dec-2021	103.90	72.50	90.82

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Feb-2022	45.85	31.85	39.85
Jan-2022	45.75	34.00	38.69
Dec-2021	35.85	27.65	31.21

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Feb-2022	129.35	101.00	120.46
Jan-2022	142.80	96.55	120.76
Dec-2021	104.00	72.35	91.36

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Feb-2022	45.75	31.70	39.87
Jan-2022	45.85	33.95	38.69
Dec-2021	35.95	27.80	31.21

Compare with others

Filatex India Limited	Pennar Industries Limited
IndiaMART InterMESH Buyback	Sarda Energy & Minerals Buyback
Sinclairs Hotels Buyback	UPL Limited Buyback 2022
Sarda Energy & Minerals Buyback	GAIL (India) Buyback
UPL Limited Buyback 2022	Filatex India Buyback
GAIL (India) Buyback	Atul Limited Buyback
Atul Limited Buyback	Gulf Oil Lubricants Buyback Feb 22
Pennar Industries Buyback	FDC Buyback
Gulf Oil Lubricants Buyback Feb 22	K.P.R Mill Buyback
FDC Buyback	Mayur Uniquoters Buyback
K.P.R Mill Buyback	Emami Ltd Buyback

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