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Sportking India Buyback 2023 vs VLS Finance Buyback

Comparision between Sportking India Buyback 2023 and VLS Finance Buyback.

Buyback Details

Sportking India Buyback 2023 is a Tender Offer buyback proposed to list at BSE, NSE while VLS Finance Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

  Sportking India Ltd VLS Finance Limited
Logo Sportking India Buyback 2023 Logo VLS Finance Buyback Logo
Type of Buyback Tender Offer Open Market Through Stock Exchange
Listing At BSE, NSE BSE, NSE
Face Value ₹10 per share ₹10 per share
Buyback Price ₹950 per share ₹200 per share
Issue Size 5,80,000 shares
Issue Size (Amount) ₹55.10 Crores ₹70.00 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders9 Equity Shares out of every 85 Fully paid-up Equity Shares held on the Record Date.87,000.00
General Category for all other Eligible Shareholders3 Equity Shares out of every 76 Fully paid-up Equity Shares held on the Record Date.493,000.00
Registrar Beetal Financial & Computer Services (P) Limited Rcmc Share Registry Private Limited
Lead Managers Master Capital Services Limited Smc Capitals Limited
Necessity of the buyback

The Buyback offers the following advantages:

a) The Buyback will help the Company to distribute surplus cash to its shareholders in proportion to their shareholding. 

b) The Buyback may help in improving financial ratios such as Earnings per share, Return on equity, by reducing the equity base of the Company. It will also lead to long term increase in shareholder's value.

The Buy-Back is expected to achieve the following objectives:

  1. optimize returns to shareholders
  2. enhance overall shareholders' value
  3. optimize the capital structure

Buyback Timetable

Sportking India Buyback 2023 and VLS Finance Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Sportking India Buyback 2023 Buyback record date is Feb 10, 2023. VLS Finance Buyback Buyback record date is .

  Sportking India Ltd VLS Finance Limited
Record Date Feb 10, 2023
Offer Open Date Mar 15, 2023 Jan 16, 2023
Offer Closure Date Mar 29, 2023 May 29, 2023
Last date for receipt of tender forms Mar 31, 2023
Finalisation of buyback Apr 11, 2023
Last Date for settlment of bids Apr 12, 2023
Last Date for extinguishment of shares Apr 19, 2023

Financial Details and Other Relevent Information

Comparison of Sportking India Buyback 2023 and VLS Finance Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Sportking India Ltd VLS Finance Limited
Financial
Sportking India Ltd Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-201358.0412.36188.45248.6
31-Mar-211324.8484.53273.04353.39
31-Mar-222178.16409.25687.83754.02
Amount in ₹ Crore
VLS Finance Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-211629.17214.64215.82
31-Mar-222008.42286.29254.39
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2022 1122.00 831.00 923.14
Sep-2022 952.10 723.00 855.16
Oct-2022 913.50 655.15 818.75

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2022 143.30 120.50 134.75
Nov-2022 152.90 131.85 136.17
Oct-2022 142.00 115.00 133.93
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2022 1123.05 909.70 986.50
Sep-2022 949.05 721.55 854.68
Oct-2022 914.45 660.15 818.61

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2022 143.90 120.50 134.64
Nov-2022 151.80 130.00 136.21
Oct-2022 147.85 128.90 133.75

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