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SIS Limited Buyback vs SP Apparels Buyback

Comparision between SIS Limited Buyback and SP Apparels Buyback.

Buyback Details

SIS Limited Buyback is a Tender Offer buyback proposed to list at BSE while SP Apparels Buyback is a Tender Offer proposed to list at BSE, NSE.

  SIS Limited S.P. Apparels Ltd
Logo SIS Limited Buyback Logo SP Apparels Buyback Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE BSE, NSE
Face Value ₹5 per share ₹10 per share
Buyback Price ₹550 per share ₹585 per share
Issue Size 14,54,545 shares 6,00,000 shares
Issue Size (Amount) ₹80.00 Crores ₹35.10 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 11 Equity Share out of every 95 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 2 Equity Shares out of every 235 Fully paid-up Equity Shares held on the Record Date.
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 Link Intime India Private Ltd Link Intime India Private Ltd
Lead Managers Edelweiss Financial Services Ltd Motilal Oswal Investment Advisors 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 in improving return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
  3. The Buyback may lead to a reduction in outstanding Equity Shares, improvement in earnings per equity share, and enhanced return on equity.

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

    SIS Limited Buyback and SP Apparels Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. SIS Limited Buyback Buyback record date is Aug 30, 2022. SP Apparels Buyback Buyback record date is Oct 07, 2022.

      SIS Limited S.P. Apparels Ltd
    Record Date Aug 30, 2022 Oct 07, 2022
    Offer Open Date Oct 04, 2022 Nov 03, 2022
    Offer Closure Date Oct 18, 2022 Nov 17, 2022
    Last date for receipt of tender forms Oct 27, 2022 Nov 17, 2022
    Finalisation of buyback Oct 28, 2022 Nov 25, 2022
    Last Date for settlment of bids Oct 31, 2022 Nov 28, 2022
    Last Date for extinguishment of shares Nov 07, 2022 Dec 05, 2022

    Financial Details and Other Relevent Information

    Comparison of SIS Limited 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.

      SIS Limited S.P. Apparels Ltd
    Financial
    SIS Limited Financial Information (Restated)
    Period EndedTotal RevenueProfit After TaxNet WorthReserves and Surplus
    31-Mar-219605.1367.211830.761756.61
    31-Mar-2210111.75325.932071.251997.74
    Amount in ₹ Crore
    S.P. Apparels Ltd Financial Information (Restated)
    Period EndedTotal RevenueProfit After TaxNet WorthTotal Borrowing
    31-Mar-20832.6746.92523.22226.25
    31-Mar-21653.6943.17558.38194.15
    31-Mar-22868.9284.69637.77231.31
    Amount in ₹ Crore
    Stock price at BSE

    Stock price at BSE (in preceding 3 months)

    Month High Price Low Price Average Price
    Jul-2022 477.00 438.25 452.71
    Jun-2022 485.00 435.15 455.06
    May-2022 510.20 451.00 480.75

    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 480.60 435.50 452.79
    Jun-2022 485.00 434.90 455.38
    May-2022 510.85 451.00 481.12

    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

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