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Rishiroop Limited Buyback vs Shriram Pistons & Rings Buyback

Comparision between Rishiroop Limited Buyback and Shriram Pistons & Rings Buyback.

Buyback Details

Rishiroop Limited Buyback is a Tender Offer buyback proposed to list at BSE while Shriram Pistons & Rings Buyback is a Tender Offer proposed to list at NSE.

  Rishiroop Limited Shriram Pistons & Rings Limited
Logo Rishiroop Limited Buyback Logo Shriram Pistons & Rings Buyback Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE NSE
Face Value ₹10 per share ₹10 per share
Buyback Price ₹125 per share ₹1020 per share
Issue Size 6,40,000 shares 3,50,000 shares
Issue Size (Amount) ₹8.00 Crores ₹35.70 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 5 Equity Shares out of every 57 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 6 Equity Shares out of every 95 fully paid-up Equity Shares held on the Record Date.
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 426 Equity Shares out of every 485 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 2 Equity Shares out of every 151 fully paid-up Equity Shares held on the Record Date.
Registrar Link Intime India Private Ltd Alankit Assignments Ltd
Lead Managers Inga Ventures Pvt Ltd Edelweiss Financial Services Ltd
Necessity of the buyback

The Buyback aims to:
i) help the Company to distribute surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
iii) in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the Company.

The Buyback aims to :
i) Return surplus cash to the shareholders, thereby, optimizing returns to the shareholders and enhancing the overall shareholders’ value.
ii) Improve Return on Equity, Earnings per share, enhance return on invested capital, and thereby enhance shareholder value in the long term.

Buyback Timetable

Rishiroop Limited Buyback and Shriram Pistons & Rings Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Rishiroop Limited Buyback Buyback record date is Sep 09, 2021. Shriram Pistons & Rings Buyback Buyback record date is Aug 12, 2021.

  Rishiroop Limited Shriram Pistons & Rings Limited
Record Date Sep 09, 2021 Aug 12, 2021
Offer Open Date Oct 05, 2021 Sep 17, 2021
Offer Closure Date Oct 20, 2021 Sep 30, 2021
Last date for receipt of tender forms Oct 22, 2021 Oct 04, 2021
Finalisation of buyback Oct 28, 2021 Oct 07, 2021
Last Date for settlment of bids Oct 29, 2021 Oct 11, 2021
Last Date for extinguishment of shares Nov 05, 2021 Oct 18, 2021

Financial Details and Other Relevent Information

Comparison of Rishiroop Limited Buyback and Shriram Pistons & Rings Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Rishiroop Limited Shriram Pistons & Rings Limited
Financial
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
31-March-21 31-March-20 31-March-19
Total Income 660.70 413.18 629.91
Profit After Tax 299.99 (28.41) 73.01
Net Worth 827.49 574.99 629.09
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs.in Million)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 16,161.75 16,266.12 19,785.35
Profit After Tax 887.51 730.35 1,384.50
Net Worth 11,384.15 10,607.72 10,166.92
Reserves and Surplus 10,772.12 9,994.55 9,837.00
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2021 100.50 92.10 95.32
Jun-2021 113.00 92.00 101.58
May-2021 120.10 86.50 99.54
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2021 1113.75 878.00 953.26
Jun-2021 1048.80 746.00 852.27
May-2021 870.95 740.85 784.36

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