CARE Ratings Buyback vs SIS Limited Buyback

Comparision between CARE Ratings Buyback and SIS Limited Buyback.

Buyback Details

CARE Ratings Buyback is a Tender Offer buyback proposed to list at BSE, NSE while SIS Limited Buyback is a Tender Offer proposed to list at BSE.

CARE Ratings Limited

SIS Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

BSE

Face Value

₹10 per share

₹5 per share

Buyback Price

₹515 per share

₹550 per share

Issue Size

23,68,000 shares

14,54,545 shares

Issue Size (Amount)

₹121.95 Crores

₹80.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	60 Equity Share out of every 539 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	69 Equity Shares out of every 907 Fully paid-up Equity Shares held on the Record Date.

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	11 Equity Share out of every 95 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	2 Equity Shares out of every 235 Fully paid-up Equity Shares held on the Record Date.

Registrar

Kfin Technologies Limited

Link Intime India Private Ltd

Lead Managers

Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)

Edelweiss Financial Services Ltd

Necessity of the buyback

The Buyback is being undertaken for the following reasons:

(i) optimising returns to shareholders;

(ii) enhancing overall shareholder value.

(iii) achieving optimum capital structure.

(iv) mitigating the effects of short-term market volatility.

(v) enhancing shareholders' confidence.

The Buyback is being undertaken for the following reasons:

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.
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.
The Buyback may lead to a reduction in outstanding Equity Shares, improvement in earnings per equity share, and enhanced return on equity.

Buyback Timetable

CARE Ratings Buyback and SIS Limited Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. CARE Ratings Buyback Buyback record date is Sep 14, 2022. SIS Limited Buyback Buyback record date is Aug 30, 2022.

	CARE Ratings Limited	SIS Limited
Record Date	Sep 14, 2022	Aug 30, 2022
Offer Open Date	Nov 18, 2022	Oct 04, 2022
Offer Closure Date	Dec 01, 2022	Oct 18, 2022
Last date for receipt of tender forms	Dec 03, 2022	Oct 27, 2022
Finalisation of buyback	Dec 09, 2022	Oct 28, 2022
Last Date for settlment of bids	Dec 12, 2022	Oct 31, 2022
Last Date for extinguishment of shares	Dec 19, 2022	Nov 07, 2022

Financial Details and Other Relevent Information

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

CARE Ratings Limited

SIS Limited

Financial

CARE Ratings Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax
31-Mar-20	275.11	83.48
31-Mar-21	279.74	90.97
31-Mar-22	274.82	76.83
Amount in ₹ Crore

SIS Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-21	9605.1	367.21	1830.76	1756.61
31-Mar-22	10111.75	325.93	2071.25	1997.74
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Aug-2022	521.80	452.75	484.72
Jul-2022	492.25	410.60	440.55
Jun-2022	485.35	405.35	437.03

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2022	477.00	438.25	452.71
Jun-2022	485.00	435.15	455.06
May-2022	510.20	451.00	480.75

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Aug-2022	522.00	452.20	484.75
Jul-2022	492.00	410.15	440.83
Jun-2022	485.00	406.00	437.16

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2022	480.60	435.50	452.79
Jun-2022	485.00	434.90	455.38
May-2022	510.85	451.00	481.12

Compare with others

CARE Ratings Limited	SIS Limited
SIS Limited Buyback	SP Apparels Buyback
TCI Express Buyback	Shyam Century Ferrous Buyback
Granules India Buyback	Tanla Platforms Buyback 2022
Suraj Limited Buyback	Mindteck India Buyback
Quick Heal Technologies Buyback 2022	ACC Limited Buyback
Techno Electric Buyback	TCI Express Buyback
Marksans Pharma Buyback	Granules India Buyback
Bajaj Auto Buyback	Suraj Limited Buyback
Route Mobile Buyback	Quick Heal Technologies Buyback 2022
Avonmore Capital Buyback	CARE Ratings Buyback

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