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Rsystems Buyback vs Shriram Pistons & Rings Buyback

Comparision between Rsystems Buyback and Shriram Pistons & Rings Buyback.

Buyback Details

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

  R Systems International Limited Shriram Pistons & Rings Limited
Logo Rsystems Buyback Logo Shriram Pistons & Rings Buyback Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE NSE
Face Value ₹1 per share ₹10 per share
Buyback Price ₹225 per share ₹1020 per share
Issue Size 13,33,000 shares 3,50,000 shares
Issue Size (Amount) ₹29.99 Crores ₹35.70 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 1 Equity Shares out of every 14 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 1 Equity Shares out of every 103 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 Motilal Oswal Investment Advisors Limited 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.
ii) 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

Rsystems 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. Rsystems Buyback Buyback record date is Aug 27, 2021. Shriram Pistons & Rings Buyback Buyback record date is Aug 12, 2021.

  R Systems International Limited Shriram Pistons & Rings Limited
Record Date Aug 27, 2021 Aug 12, 2021
Offer Open Date Sep 20, 2021 Sep 17, 2021
Offer Closure Date Oct 01, 2021 Sep 30, 2021
Last date for receipt of tender forms Oct 01, 2021 Oct 04, 2021
Finalisation of buyback Oct 11, 2021 Oct 07, 2021
Last Date for settlment of bids Oct 12, 2021 Oct 11, 2021
Last Date for extinguishment of shares Oct 19, 2021 Oct 18, 2021

Financial Details and Other Relevent Information

Comparison of Rsystems 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.

  R Systems International Limited Shriram Pistons & Rings Limited
Financial
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Dec-20 31-Dec-19
Total Income 4,513.08 4,064.40
Profit After Tax 697.07 514.95
Net Worth 3,428.91 2,746.92
Reserves and Surplus 3,309.27 2,627.32
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 211.45 147.25 171.82
Jun-2021 167.00 130.00 143.13
May-2021 156.85 114.60 134.09
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2021 211.95 150.55 171.66
Jun-2021 167.00 130.45 143.06
May-2021 155.00 113.15 133.90

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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