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Softsol India Buyback 2022 vs Technocraft Industries Buyback 2022

Comparision between Softsol India Buyback 2022 and Technocraft Industries Buyback 2022.

Buyback Details

Softsol India Buyback 2022 is a Tender Offer buyback proposed to list at BSE while Technocraft Industries Buyback 2022 is a Tender Offer proposed to list at BSE, NSE.

  Softsol India Limited Technocraft Industries (India) Limited
Logo Softsol India Buyback 2022 Logo Technocraft Industries Buyback 2022 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE BSE, NSE
Face Value ₹10 per share ₹10 per share
Buyback Price ₹170 per share ₹1000 per share
Issue Size 20,58,824 shares 15,00,000 shares
Issue Size (Amount) ₹35.00 Crores ₹150.00 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders9 Equity Shares out of every 11 Fully paid-up Equity Shares held on the Record Date.308,824.00
General Category for all other Eligible Shareholders5 Equity Shares out of every 47 Fully paid-up Equity Shares held on the Record Date.1,750,000.00
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders33 Equity Shares out of every 83 Fully paid-up Equity Shares held on the Record Date.225,000.00
General Category for all other Eligible Shareholders31 Equity Shares out of every 581 Fully paid-up Equity Shares held on the Record Date.1,275,000.00
Registrar Kfin Technologies Limited Link Intime India Private Ltd
Lead Managers Akasam Consulting Private Limited Systematix Corporate Services Limited
Necessity of the buyback

The Buyback is being undertaken for the following reasons:

  1. 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.
  2. The Buyback may help improve return on equity by reducing the equity base, thereby leading to a long-term increase in shareholders' value.

The Buyback is being undertaken, inter-alia, for the following reasons:

  1. The Buyback will help the Company to return surplus cash to its shareholders;
  2. The Buyback would involve allocation of number of Equity Shares reserved for the small shareholders;
  3. The Buyback may help in improving return on equity leading to long term increase in shareholders' value;
  4. The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares; and
  5. The Buyback may lead to reduction in outstanding Equity Shares, improvement in earnings per Equity Share, and enhanced return on equity.

Buyback Timetable

Softsol India Buyback 2022 and Technocraft Industries Buyback 2022 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Softsol India Buyback 2022 Buyback record date is Jan 13, 2023. Technocraft Industries Buyback 2022 Buyback record date is Dec 30, 2022.

  Softsol India Limited Technocraft Industries (India) Limited
Record Date Jan 13, 2023 Dec 30, 2022
Offer Open Date Mar 03, 2023 Feb 01, 2023
Offer Closure Date Mar 17, 2023 Feb 14, 2023
Last date for receipt of tender forms Mar 17, 2023 Feb 16, 2023
Finalisation of buyback Mar 21, 2023 Feb 21, 2023
Last Date for settlment of bids Mar 23, 2023 Feb 22, 2023
Last Date for extinguishment of shares Mar 30, 2023 Mar 01, 2023

Financial Details and Other Relevent Information

Comparison of Softsol India Buyback 2022 and Technocraft Industries Buyback 2022 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Softsol India Limited Technocraft Industries (India) Limited
Financial
Softsol India Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-2027.737.72140.35123.11
31-Mar-2126.7910.85151.36134.12
31-Mar-2226.764.33162.17144.93
Amount in ₹ Crore
Technocraft Industries (India) Limited Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-201393.98123.1924.46914.16635.08
31-Mar-211352.34146.831069.371044.91466.92
31-Mar-221958.55274.571332.031307.57506.14
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 399.00 349.95 371.61
Oct-2022 389.60 366.45 378.66
Sep-2022 381.30 341.00 364.85

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 890.25 746.95 827.38
Oct-2022 846.00 689.65 747.42
Sep-2022 925.00 741.20 837.17
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 398.70 346.00 371.75
Oct-2022 388.00 367.95 379.02
Sep-2022 382.00 350.80 365.25

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 894.45 751.60 826.87
Oct-2022 819.00 701.05 747.21
Sep-2022 926.45 742.40 835.93

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