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Insecticides India Buyback vs SIS Buyback

Comparision between Insecticides India Buyback and SIS Buyback.

Buyback Details

Insecticides India Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while SIS Buyback is a Tender Offer proposed to list at BSE, NSE.

  Insecticides (India) Limited SIS Limited
Logo Insecticides India Buyback Logo SIS Buyback Logo
Type of Buyback Open Market Through Stock Exchange Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹10 per share ₹5 per share
Buyback Price ₹575 per share ₹550 per share
Issue Size 18,18,181 shares
Issue Size (Amount) ₹60.00 Crores ₹100.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 9 Equity Shares out of every 91 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 6 Equity Shares out of every 565 Equity Shares held on the Record Date.
Registrar Alankit Assignments Ltd Link Intime India Private Ltd
Lead Managers Jm Financial Limited ICICI Securities Limited
Necessity of the buyback

The Buy-back is being undertaken by the Company to:
i) Return surplus funds to the shareholders;
ii) Improve return on equity; and
iii) Improve earnings per share by reducing the equity base.

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

Buyback Timetable

Insecticides India Buyback and SIS Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Insecticides India Buyback Buyback record date is . SIS Buyback Buyback record date is Apr 09, 2021.

  Insecticides (India) Limited SIS Limited
Record Date Apr 09, 2021
Offer Open Date Apr 12, 2021 May 12, 2021
Offer Closure Date Oct 11, 2021 May 27, 2021
Last date for receipt of tender forms May 29, 2021
Finalisation of buyback Jun 04, 2021
Last Date for settlment of bids Jun 07, 2021
Last Date for extinguishment of shares Jun 14, 2021

Financial Details and Other Relevent Information

Comparison of Insecticides India Buyback and SIS Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Insecticides (India) Limited SIS Limited
Financial
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Lakhs)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 136,578.51 119,425.31 110,963.53
Profit After Tax 8,604.06 12,240.67 8,397.36
Net Worth 73,225.47 66,143.27 54,387.14
Summary of financial Information (consolidated)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 30,407.96 25,250.05 21,426.48
Profit After Tax 863.28 1,192.61 730.11
Net Worth 7,579.71 7,284.10 6,064.51
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Mar-2021 508.00 405.00 457.06
Feb-2021 536.80 440.00 474.25
Jan-2021 522.35 421.50 481.37

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Mar-2021 435.00 401.00 418.04
Feb-2021 465.00 396.05 421.39
Jan-2021 436.00 376.95 411.66
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Mar-2021 509.50 405.10 456.75
Feb-2021 537.85 450.15 474.36
Jan-2021 523.00 449.60 481.26

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Mar-2021 435.30 400.10 417.97
Feb-2021 459.00 396.05 421.05
Jan-2021 433.75 385.00 411.73

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