SP Apparels Buyback vs Tanla Platforms Buyback 2022

Comparision between SP Apparels Buyback and Tanla Platforms Buyback 2022.

Buyback Details

SP Apparels Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Tanla Platforms Buyback 2022 is a Tender Offer proposed to list at BSE, NSE.

S.P. Apparels Ltd

Tanla Platforms Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

₹1 per share

Buyback Price

₹585 per share

₹1200 per share

Issue Size

6,00,000 shares

14,16,667 shares

Issue Size (Amount)

₹35.10 Crores

₹170.00 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.

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	17 Equity Share out of every 625 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	11 Equity Shares out of every 1169 Fully paid-up Equity Shares held on the Record Date.

Registrar

Link Intime India Private Ltd

Kfin Technologies Limited

Lead Managers

Motilal Oswal Investment Advisors Limited

Hdfc Bank Limited

Necessity of the buyback

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.

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 broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
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.

Buyback Timetable

SP Apparels Buyback and Tanla Platforms Buyback 2022 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. SP Apparels Buyback Buyback record date is Oct 07, 2022. Tanla Platforms Buyback 2022 Buyback record date is Oct 25, 2022.

	S.P. Apparels Ltd	Tanla Platforms Limited
Record Date	Oct 07, 2022	Oct 25, 2022
Offer Open Date	Nov 03, 2022	Dec 20, 2022
Offer Closure Date	Nov 17, 2022	Jan 02, 2023
Last date for receipt of tender forms	Nov 17, 2022	Jan 02, 2023
Finalisation of buyback	Nov 25, 2022	Jan 10, 2023
Last Date for settlment of bids	Nov 28, 2022	Jan 11, 2023
Last Date for extinguishment of shares	Dec 05, 2022	Jan 18, 2023

Financial Details and Other Relevent Information

Comparison of SP Apparels Buyback and Tanla Platforms 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.

S.P. Apparels Ltd

Tanla Platforms Limited

Financial

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

Tanla Platforms Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	1955.2	-211.17	701.73	687.14
31-Mar-21	2363.4	356.14	893.1	879.5
31-Mar-22	3222.1	539.28	1354.04	1340.47
Amount in ₹ Crore

Stock price at BSE

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 BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Apr-2022	1638.20	1402.80	1501.19
May-2022	1503.65	1144.00	1278.79
Jun-2022	1447.00	938.50	1155.91

Stock price at NSE

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

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Apr-2022	893.80	710.20	779.44
May-2022	825.00	684.00	736.80
Jun-2022	1025.00	584.50	915.73

Compare with others

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

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