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