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Shriram Pistons & Rings Buyback vs Star Cement Buyback

Comparision between Shriram Pistons & Rings Buyback and Star Cement Buyback.

Buyback Details

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

  Shriram Pistons & Rings Limited Star Cement Limited
Logo Shriram Pistons & Rings Buyback Logo Star Cement Buyback Logo
Type of Buyback Tender Offer Tender Offer
Listing At NSE BSE, NSE
Face Value ₹10 per share ₹1 per share
Buyback Price ₹1020 per share ₹150 per share
Issue Size 3,50,000 shares 82,48,580 shares
Issue Size (Amount) ₹35.70 Crores ₹123.73 Crores
Buyback Ratio
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.
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 6 Equity Shares out of every 47 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 2 Equity Shares out of every 115 fully paid-up Equity Shares held on the Record Date.
Registrar Alankit Assignments Ltd Maheshwari Datamatics Pvt. Ltd
Lead Managers Edelweiss Financial Services Ltd Narnolia Financial Services Ltd
Necessity of the buyback

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.

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.
iii) The Buyback will help in optimizing the capital structure.

Buyback Timetable

Shriram Pistons & Rings Buyback and Star Cement Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Shriram Pistons & Rings Buyback Buyback record date is Aug 12, 2021. Star Cement Buyback Buyback record date is Aug 26, 2021.

  Shriram Pistons & Rings Limited Star Cement Limited
Record Date Aug 12, 2021 Aug 26, 2021
Offer Open Date Sep 17, 2021 Sep 22, 2021
Offer Closure Date Sep 30, 2021 Oct 05, 2021
Last date for receipt of tender forms Oct 04, 2021 Oct 07, 2021
Finalisation of buyback Oct 07, 2021 Oct 13, 2021
Last Date for settlment of bids Oct 11, 2021 Oct 14, 2021
Last Date for extinguishment of shares Oct 18, 2021 Oct 21, 2021

Financial Details and Other Relevent Information

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

  Shriram Pistons & Rings Limited Star Cement Limited
Financial
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
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs.in Crores)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 1,685.16 1,801.33 1,734.88
Profit After Tax 157.27 218.70 255.89
Net Worth 1,268.45 1,111.17 1,044.87
Reserves and Surplus 1,227.20 1,069.93 1,002.95
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2021 119.00 107.00 111.73
Jun-2021 117.90 101.10 109.23
May-2021 115.00 98.00 106.07
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

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2021 119.25 106.85 111.76
Jun-2021 117.95 101.05 109.30
May-2021 115.30 99.80 106.24

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