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SIS Buyback 2023 vs SM Auto Stamping Buyback 2023

Comparision between SIS Buyback 2023 and SM Auto Stamping Buyback 2023.

Buyback Details

SIS Buyback 2023 is a Tender Offer buyback proposed to list at BSE, NSE while SM Auto Stamping Buyback 2023 is a Tender Offer proposed to list at BSE.

  SIS Limited SM Auto Stamping Limited
Logo SIS Buyback 2023 Logo SM Auto Stamping Buyback 2023 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE
Face Value ₹5 per share ₹10 per share
Buyback Price ₹550 per share ₹60 per share
Issue Size 16,36,363 shares 6,00,000 shares
Issue Size (Amount) ₹90.00 Crores ₹3.60 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders13 Equity Shares out of every 97 Fully paid-up Equity Shares held on the Record Date.255,455.00
General Category for all other Eligible Shareholders2 Equity Shares out of every 207 Fully paid-up Equity Shares held on the Record Date.1,380,908.00
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders1 Equity Shares out of every 6 Fully paid-up Equity Shares held on the Record Date.90,000.00
General Category for all other Eligible Shareholders1 Equity Shares out of every 27 Fully paid-up Equity Shares held on the Record Date.510,000.00
Registrar Link Intime India Private Ltd Bigshare Services Pvt Ltd
Lead Managers Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Saffron Capital Advisors Private Limited
Necessity of the buyback

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

The Buyback is being undertaken, after taking into account the strategic and operational cash requirements of the company in the medium term and for returning surplus funds to the shareholders in an effective and efficient manner:

The buyback is undertaken for the following reasons

(i) The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares 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.

Buyback Timetable

SIS Buyback 2023 and SM Auto Stamping Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. SIS Buyback 2023 Buyback record date is Dec 12, 2023. SM Auto Stamping Buyback 2023 Buyback record date is Dec 22, 2023.

  SIS Limited SM Auto Stamping Limited
Record Date Dec 12, 2023 Dec 22, 2023
Offer Open Date Dec 18, 2023 Dec 29, 2023
Offer Closure Date Dec 22, 2023 Jan 04, 2024
Last date for receipt of tender forms Dec 22, 2023 Jan 04, 2024
Finalisation of buyback Dec 29, 2023 Jan 10, 2024
Last Date for settlment of bids Jan 01, 2024 Jan 11, 2024
Last Date for extinguishment of shares Jan 10, 2024 Jan 22, 2024

Financial Details and Other Relevent Information

Comparison of SIS Buyback 2023 and SM Auto Stamping 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.

  SIS Limited SM Auto Stamping Limited
Financial

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.

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets5,712.705,096.275,039.824,652.12
Revenue11,378.5210,111.769,605.108,538.31
Profit After Tax346.50352.93367.21225.45
Net Worth
Reserves and Surplus2,206.511,933.671,351.811,195.19
Total Borrowing
Amount in ₹ Crore

SM Auto Stamping Limited Financial Information (Restated Consolidated)

SM Auto Stamping Limited's revenue increased by 26.65% and profit after tax (PAT) dropped by -12.5% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets
Revenue36.8570.1555.3939.61
Profit After Tax1.503.323.79-1.65
Net Worth21.1119.6118.0814.29
Reserves and Surplus6.825.323.790.00
Total Borrowing
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2023 490.35 413.85 442.32
Oct-2023 485.00 400.25 444.04
Sep-2023 482.60 415.35 441.93

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2023 49.35 40.00 45.64
Oct-2023 40.00 39.50 39.75
Sep-2023 44.99 39.06 42.20
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2023 491.00 412.15 442.55
Oct-2023 485.50 400.00 444.19
Sep-2023 482.35 420.25 442.17

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