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Softsol India Buyback 2022 vs Tips Industries Buyback 2022

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

Buyback Details

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

  Softsol India Limited Tips Industries Limited
Logo Softsol India Buyback 2022 Logo Tips 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 ₹2600 per share
Issue Size 20,58,824 shares 1,26,000 shares
Issue Size (Amount) ₹35.00 Crores ₹32.76 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 Shareholders37 Equity Shares out of every 762 Fully paid-up Equity Shares held on the Record Date.18,900.00
General Category for all other Eligible Shareholders2 Equity Shares out of every 235 Fully paid-up Equity Shares held on the Record Date.107,100.00
Registrar Kfin Technologies Limited Link Intime India Private Ltd
Lead Managers Akasam Consulting Private Limited Inga Ventures Pvt Ltd
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 for the following reasons:

  • The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares.
  • The Buyback is generally expected to improve return on equity through distribution of cash and improve earnings per share by reduction in the equity base, thereby leading to long term increase in shareholders' value.

Buyback Timetable

Softsol India Buyback 2022 and Tips 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. Tips Industries Buyback 2022 Buyback record date is Dec 30, 2022.

  Softsol India Limited Tips Industries Limited
Record Date Jan 13, 2023 Dec 30, 2022
Offer Open Date Mar 03, 2023 Jan 27, 2023
Offer Closure Date Mar 17, 2023 Feb 09, 2023
Last date for receipt of tender forms Mar 17, 2023 Feb 09, 2023
Finalisation of buyback Mar 21, 2023 Feb 17, 2023
Last Date for settlment of bids Mar 23, 2023 Feb 20, 2023
Last Date for extinguishment of shares Mar 30, 2023 Feb 27, 2023

Financial Details and Other Relevent Information

Comparison of Softsol India Buyback 2022 and Tips 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 Tips Industries 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
Tips Industries Limited Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet Worth
31-Mar-20108.8211.3480.11
31-Mar-2195.4243.47100.91
31-Mar-22138.864.56102.61
30-Sep-2285.9638137.57
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 1923.90 1725.00 1837.57
Oct-2022 1850.00 1456.15 1598.71
Sep-2022 1740.00 1470.00 1591.33
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 1910.00 1700.00 1837.56
Oct-2022 1850.00 1458.45 1601.22
Sep-2022 1724.95 1465.00 1592.46

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