Mindteck India Buyback vs SP Apparels Buyback

Comparision between Mindteck India Buyback and SP Apparels Buyback.

Buyback Details

Mindteck India Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while SP Apparels Buyback is a Tender Offer proposed to list at BSE, NSE.

Mindteck (India) Limited

S.P. Apparels Ltd

Logo

Type of Buyback

Open Market Through Stock Exchange

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

Buyback Price

₹180 per share

₹585 per share

Issue Size

6,00,000 shares

Issue Size (Amount)

₹13.70 Crores

₹35.10 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	2 Equity Share out of every 27 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	1 Equity Shares out of every 48 Fully paid-up Equity Shares held on the Record Date.

Registrar

Universal Capital Securities Pvt. Ltd

Link Intime India Private Ltd

Lead Managers

Vivro Financial Services Private Limited

Motilal Oswal Investment Advisors Limited

Necessity of the buyback

The buyback is being undertaken for the following reason:

1. The Buy-back is being undertaken by the Company to return surplus funds to the equity shareholders of the Company. Additionally, the Company believes that the Buy-back will improve earnings per share by reduction in the equity base, thereby leading to long-term increase in the value of shareholders.

The Buyback is being undertaken for the following reasons:

The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares thereby, enhancing the overall return to shareholders.

The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by a reduction in the equity base of the Company, thereby leading to a long term increase in shareholders' value.

Buyback Timetable

Mindteck India Buyback and SP Apparels Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Mindteck India Buyback Buyback record date is . SP Apparels Buyback Buyback record date is Oct 07, 2022.

	Mindteck (India) Limited	S.P. Apparels Ltd
Record Date		Oct 07, 2022
Offer Open Date	Aug 24, 2022	Nov 03, 2022
Offer Closure Date	Jan 30, 2023	Nov 17, 2022
Last date for receipt of tender forms		Nov 17, 2022
Finalisation of buyback		Nov 25, 2022
Last Date for settlment of bids		Nov 28, 2022
Last Date for extinguishment of shares		Dec 05, 2022

Financial Details and Other Relevent Information

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

Mindteck (India) Limited

S.P. Apparels Ltd

Financial

Mindteck (India) Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth
31-Mar-20	277.88	-64.8	129.63
31-Mar-21	291.27	10.86	139.85
31-Mar-22	303.85	33.31	175.5
Amount in ₹ Crore

S.P. Apparels Ltd Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	832.67	46.92	523.22	226.25
31-Mar-21	653.69	43.17	558.38	194.15
31-Mar-22	868.92	84.69	637.77	231.31
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2022	146.20	101.55	120.92
Jun-2022	129.90	96.30	112.22
May-2022	156.25	111.25	135.18

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Aug-2022	463.50	376.10	428.72
Jul-2022	414.00	359.40	377.24
Jun-2022	397.50	326.00	359.89

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2022	145.60	101.25	120.80
Jun-2022	128.70	95.50	112.20
May-2022	156.00	111.00	134.99

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Aug-2022	463.75	375.30	428.64
Jul-2022	414.90	360.00	377.40
Jun-2022	398.00	326.05	359.84

Compare with others

Mindteck (India) Limited	S.P. Apparels Ltd
International Conveyors Buyback	Dhanuka Agritech Buyback
Infosys Buyback 2022	Kaveri Seed Buyback 2022
SP Apparels Buyback	Garware Technical Fibres Buyback
Shyam Century Ferrous Buyback	International Conveyors Buyback
Tanla Platforms Buyback 2022	Infosys Buyback 2022
ACC Limited Buyback	Shyam Century Ferrous Buyback
SIS Limited Buyback	Tanla Platforms Buyback 2022
TCI Express Buyback	Mindteck India Buyback
Granules India Buyback	ACC Limited Buyback
Suraj Limited Buyback	SIS Limited Buyback

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