Free Account Opening + AMC Free Demat
Loading...

FDC Buyback 2023 vs Siyaram Silk Mills Buyback 2023

Comparision between FDC Buyback 2023 and Siyaram Silk Mills Buyback 2023.

Buyback Details

FDC Buyback 2023 is a Tender Offer buyback proposed to list at BSE, NSE while Siyaram Silk Mills Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.

  FDC Limited Siyaram Silk Mills Limited
Logo FDC Buyback 2023 Logo Siyaram Silk Mills Buyback 2023 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹1 per share ₹2 per share
Buyback Price ₹500 per share ₹720 per share
Issue Size 31,00,000 shares 14,99,992 shares
Issue Size (Amount) ₹155.00 Crores ₹108.00 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders12 Equity Shares out of every 131 Fully paid-up Equity Shares held on the Record Date.465,000.00
General Category for all other Eligible Shareholders1 Equity Shares out of every 61 Fully paid-up Equity Shares held on the Record Date.2,635,000.00
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders53 Equity Shares out of every 457 Fully paid-up Equity Shares held on the Record Date.224,999.00
General Category for all other Eligible Shareholders21 Equity Shares out of every 739 Fully paid-up Equity Shares held on the Record Date.1,274,993.00
Registrar Link Intime India Private Ltd Link Intime India Private Ltd
Lead Managers Sundae Capital Advisors Vivro Financial Services Private Limited
Necessity of the buyback

The Buyback is being undertaken for the following reasons:

  • The Buyback will result in reduction in the overall capital employed in the business, which will, in turn lead to higher earnings per share and enhanced return on equity and return on capital employed, return on net worth, return on assets, etc and long term increase in shareholders' value.
  • The Buyback will help the Company to distribute surplus cash to its Members holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to Members.

The Buy Back is being proposed by the Company to fulfill the following objectives:

  1. The Buy Back will help the Company to return surplus cash to its shareholders.
  2. The Buy Back, which is being implemented through the tender offer involving a reservation for Small Shareholders of 15%. The Company believes that this reservation of 15% for Small Shareholders would benefit a large number of public shareholders.
  3. The Buy-back will help in improving financial ratios like earnings per share, return on assets, and return on equity calculated on the basis of financial statements, by reducing the equity base of the Company.
  4. The Buy Back gives an option to the shareholders holding Equity Shares of the Company, to either choose to participate and get cash in lieu of Equity Shares or choose not to participate and enjoy a resultant increase in their percentage shareholding.

Buyback Timetable

FDC Buyback 2023 and Siyaram Silk Mills Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. FDC Buyback 2023 Buyback record date is Aug 25, 2023. Siyaram Silk Mills Buyback 2023 Buyback record date is Sep 18, 2023.

  FDC Limited Siyaram Silk Mills Limited
Record Date Aug 25, 2023 Sep 18, 2023
Offer Open Date Aug 31, 2023 Sep 25, 2023
Offer Closure Date Sep 06, 2023 Oct 03, 2023
Last date for receipt of tender forms Sep 08, 2023 Oct 03, 2023
Finalisation of buyback Sep 13, 2023 Oct 09, 2023
Last Date for settlment of bids Sep 13, 2023 Oct 10, 2023
Last Date for extinguishment of shares Sep 25, 2023 Oct 19, 2023

Financial Details and Other Relevent Information

Comparison of FDC Buyback 2023 and Siyaram Silk Mills 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.

  FDC Limited Siyaram Silk Mills Limited
Financial
FDC Buyback 2023 Financial Information (Restated Standalone)
Period Ended31 Mar 202231 Mar 2023
Assets2,254.252,335.42
Revenue1,597.701,830.94
Profit After Tax219.64200.97
Net Worth
Reserves and Surplus
Total Borrowing
Amount in ₹ Crore
Siyaram Silk Mills Buyback 2023 Financial Information (Restated Consolidated)
Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Assets1,503.231,210.491,512.901,636.73
Revenue1,733.111,130.091,939.422,272.77
Profit After Tax69.253.58216.24250.99
Net Worth
Reserves and Surplus
Total Borrowing431.83160.46253.18190.94
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2023 350.20 306.80 334.45
Jun-2023 327.60 289.85 311.33
May-2023 314.95 281.40 298.28

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2023 575.00 534.90 553.43
Jun-2023 567.30 519.35 541.40
May-2023 584.55 486.60 529.33
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2023 350.15 306.55 332.85
Jun-2023 327.95 291.25 311.40
May-2023 315.00 282.05 297.98

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2023 575.00 534.10 553.40
Jun-2023 567.70 519.00 541.55
May-2023 584.60 486.95 529.34

Comments

Add a public comment...