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Comparision between Gujarat Narmada Valley Fertilizers Buyback 2023 and SIS Buyback 2023.
Gujarat Narmada Valley Fertilizers Buyback 2023 is a Tender Offer buyback proposed to list at BSE, NSE while SIS Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.
Gujarat Narmada Valley Fertilizers & Chemicals Limited | SIS Limited | |||||||||||||||||||
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Type of Buyback | Tender Offer | Tender Offer | ||||||||||||||||||
Listing At | BSE, NSE | BSE, NSE | ||||||||||||||||||
Face Value | ₹10 per share | ₹5 per share | ||||||||||||||||||
Buyback Price | ₹770 per share | ₹550 per share | ||||||||||||||||||
Issue Size | 84,78,100 shares | 16,36,363 shares | ||||||||||||||||||
Issue Size (Amount) | ₹652.81 Crores | ₹90.00 Crores | ||||||||||||||||||
Buyback Ratio |
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Registrar | Kfin Technologies Limited | Link Intime India Private Ltd | ||||||||||||||||||
Lead Managers | SBI Capital Markets Limited | Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) | ||||||||||||||||||
Necessity of the buyback | The company is proposing the buyback to return surplus funds to the equity shareholder/beneficial owner of the Equity Shares as on the record date (Eligible shareholder) which are over and above its ordinary capital requirement and in excess of any current investment plans, in an expedient, efficient and cost-effective manner. Additionally, the company strives to increase the Shareholder's value and the buyback would result in the following benefits amongst other things:-
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The Buyback is being undertaken, among other things, for the following objects: (i) The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders; (ii) The Buyback, which is being implemented through the tender offer route as prescribed under the SEBI Buyback Regulations, would involve the allocation of several Equity Shares as per their entitlement or 15% of the number of Equity Shares to be repurchased whichever is higher, reserved for the small shareholders. The Company believes that this reservation for small shareholders would benefit a large number of public shareholders, who would get classified as "small shareholders" as per Regulation 2(i)(n) of the SEBI Buyback Regulations; (iii) The Buyback may help in improving return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders' value; and (iv) The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash instead of Equity Shares to be accepted under the Buyback offer or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer, without additional investment. (v) The Buyback may lead to reduced outstanding Equity Shares, improved earnings per equity share, and enhanced return on equity. The Buyback will not in any manner impair the ability of the Company to pursue growth opportunities or meet its cash requirements for business operations and for continued capital investment, as and when required |
Gujarat Narmada Valley Fertilizers Buyback 2023 and SIS Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Gujarat Narmada Valley Fertilizers Buyback 2023 Buyback record date is Nov 24, 2023. SIS Buyback 2023 Buyback record date is Dec 12, 2023.
Gujarat Narmada Valley Fertilizers & Chemicals Limited | SIS Limited | |
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Record Date | Nov 24, 2023 | Dec 12, 2023 |
Offer Open Date | Dec 01, 2023 | Dec 18, 2023 |
Offer Closure Date | Dec 07, 2023 | Dec 22, 2023 |
Last date for receipt of tender forms | Dec 07, 2023 | Dec 22, 2023 |
Finalisation of buyback | Dec 13, 2023 | Dec 29, 2023 |
Last Date for settlment of bids | Dec 14, 2023 | Jan 01, 2024 |
Last Date for extinguishment of shares | Dec 26, 2023 | Jan 10, 2024 |
Comparison of Gujarat Narmada Valley Fertilizers Buyback 2023 and SIS 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.
Gujarat Narmada Valley Fertilizers & Chemicals Limited | SIS Limited | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Financial | Gujarat Narmada Valley Fertilizers & Chemicals Limited Financial Information (Restated Consolidated)Gujarat Narmada Valley Fertilizers & Chemicals Limited's revenue increased by 19.62% and profit after tax (PAT) dropped by -13.97% between the financial year ending with March 31, 2023 and March 31, 2022.
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SIS Limited Financial Information (Restated Consolidated)SIS Limited's revenue increased by 12.53% and profit after tax (PAT) dropped by -1.82% 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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Stock price at NSE (in preceding 3 months)
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