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Comparision between KRBL Buyback 2023 and Somany Ceramics Buyback 2023.
KRBL Buyback 2023 is a Tender Offer buyback proposed to list at BSE, NSE while Somany Ceramics Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.
KRBL Limited | Somany Ceramics Limited | |||||||||||||||||||
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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 | ₹850 per share | ||||||||||||||||||
Issue Size | 65,00,000 shares | 14,70,588 shares | ||||||||||||||||||
Issue Size (Amount) | ₹325.00 Crores | ₹125.00 Crores | ||||||||||||||||||
Buyback Ratio |
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Registrar | Alankit Assignments Ltd | Maheshwari Datamatics Pvt. Ltd | ||||||||||||||||||
Lead Managers | Elara Capital (India) Private Limited | ICICI Securities Limited | ||||||||||||||||||
Necessity of the buyback | The Buyback is being undertaken for the following reasons: 1. The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares thereby enhancing the overall return for them. 2. 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 of the Company, thereby leading to long term increase in shareholders' value. |
The Buyback of shares by the company is proposed to reward the equity shareholders by way of returning surplus funds which is excess of the requirements for ordinary capital expenditure and current investment plan, in an expedient, effective and cost-efficient manner. Below is the broad reason of the proposed buyback.
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KRBL Buyback 2023 and Somany Ceramics Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. KRBL Buyback 2023 Buyback record date is Aug 25, 2023. Somany Ceramics Buyback 2023 Buyback record date is Dec 15, 2023.
KRBL Limited | Somany Ceramics Limited | |
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Record Date | Aug 25, 2023 | Dec 15, 2023 |
Offer Open Date | Aug 31, 2023 | Dec 21, 2023 |
Offer Closure Date | Sep 06, 2023 | Dec 28, 2023 |
Last date for receipt of tender forms | Sep 06, 2023 | Dec 28, 2023 |
Finalisation of buyback | Sep 12, 2023 | Jan 03, 2024 |
Last Date for settlment of bids | Sep 13, 2023 | Jan 04, 2024 |
Last Date for extinguishment of shares | Aug 25, 2023 | Jan 12, 2024 |
Comparison of KRBL Buyback 2023 and Somany Ceramics 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.
KRBL Limited | Somany Ceramics Limited | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Financial |
Amount in ₹ Crore |
Somany Ceramics Limited Financial Information (Restated Consolidated)Somany Ceramics Limited's revenue increased by 18.27% and profit after tax (PAT) dropped by -28.37% 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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Stock price at NSE (in preceding 3 months)
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