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Comparision between Rajoo Engineers Buyback 2023 and Somany Ceramics Buyback 2023.
Rajoo Engineers Buyback 2023 is a Tender Offer buyback proposed to list at BSE while Somany Ceramics Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.
Rajoo Engineers Limited | Somany Ceramics Limited | |||||||||||||||||||
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Type of Buyback | Tender Offer | Tender Offer | ||||||||||||||||||
Listing At | BSE | BSE, NSE | ||||||||||||||||||
Face Value | ₹1 per share | ₹2 per share | ||||||||||||||||||
Buyback Price | ₹210 per share | ₹850 per share | ||||||||||||||||||
Issue Size | 9,42,300 shares | 14,70,588 shares | ||||||||||||||||||
Issue Size (Amount) | ₹19.79 Crores | ₹125.00 Crores | ||||||||||||||||||
Buyback Ratio |
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Registrar | Link Intime India Private Ltd | Maheshwari Datamatics Pvt. Ltd | ||||||||||||||||||
Lead Managers | GYR Capital Advisors Private Limited | ICICI Securities Limited | ||||||||||||||||||
Necessity of the buyback | Buyback is being undertaken, inter-alia, for the following reasons:
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The Buyback of shares by the company is proposed to reward the equity shareholders by way of returning surplus funds which is excess of the requirements for ordinary capital expenditure and current investment plan, in an expedient, effective and cost-efficient manner. Below is the broad reason of the proposed buyback.
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Rajoo Engineers Buyback 2023 and Somany Ceramics Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Rajoo Engineers Buyback 2023 Buyback record date is Jan 31, 2024. Somany Ceramics Buyback 2023 Buyback record date is Dec 15, 2023.
Rajoo Engineers Limited | Somany Ceramics Limited | |
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Record Date | Jan 31, 2024 | Dec 15, 2023 |
Offer Open Date | Feb 06, 2024 | Dec 21, 2023 |
Offer Closure Date | Feb 12, 2024 | Dec 28, 2023 |
Last date for receipt of tender forms | Feb 12, 2024 | Dec 28, 2023 |
Finalisation of buyback | Feb 16, 2024 | Jan 03, 2024 |
Last Date for settlment of bids | Feb 20, 2024 | Jan 04, 2024 |
Last Date for extinguishment of shares | Feb 29, 2024 | Jan 12, 2024 |
Comparison of Rajoo Engineers Buyback 2023 and Somany Ceramics Buyback 2023 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.
Rajoo Engineers Limited | Somany Ceramics Limited | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Financial | Rajoo Engineers Limited Financial Information (Restated)Rajoo Engineers Limited's revenue decreased by -7.09% and profit after tax (PAT) dropped by -32.31% between the financial year ending with March 31, 2023 and March 31, 2022.
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Somany Ceramics Limited Financial Information (Restated Consolidated)Somany Ceramics Limited's revenue increased by 18.27% and profit after tax (PAT) dropped by -28.37% between the financial year ending with March 31, 2023 and March 31, 2022.
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Stock price at BSE | Stock price at BSE (in preceding 3 months)
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Stock price at BSE (in preceding 3 months)
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Stock price at NSE | Stock price at NSE (in preceding 3 months)
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