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Mayur Uniquoters Buyback 2024 vs Symphony Limited Buyback 2024

Comparision between Mayur Uniquoters Buyback 2024 and Symphony Limited Buyback 2024.

Buyback Details

Mayur Uniquoters Buyback 2024 is a Tender Offer buyback proposed to list at BSE, NSE while Symphony Limited Buyback 2024 is a Tender Offer proposed to list at BSE, NSE.

  Mayur Uniquoters Ltd. Symphony Limited
Logo Mayur Uniquoters Buyback 2024 Logo Symphony Limited Buyback 2024 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹5 per share ₹2 per share
Buyback Price ₹800 per share ₹2500 per share
Issue Size 5,00,000 shares 2,85,600 shares
Issue Size (Amount) ₹40.00 Crores ₹71.40 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders1 Equity Shares out of every 27 Fully paid-up Equity Shares held on the Record Date.75,000.00
General Category for all other Eligible Shareholders3 Equity Shares out of every 296 Fully paid-up Equity Shares held on the Record Date.425,000.00
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders10 Equity Shares out of every 421 Fully paid-up Equity Shares held on the Record Date.42,840
General Category for all other Eligible Shareholders3 Equity Shares out of every 830 Fully paid-up Equity Shares held on the Record Date.2,42,760
Registrar Beetal Financial & Computer Services (P) Limited Link Intime India Private Ltd
Lead Managers D And A Financial Services Private Ltd Ambit Private Limited
Necessity of the buyback

The buy-back of equity shares, through the tender offer route, is being implemented in keeping with the company's desire to enhance overall shareholder value. The buy-back would reduce the outstanding number of equity shares and may consequently increase earnings per equity share over time. This would, in turn, lead to improvement in return on net worth and other financial ratios and contribute to maximization of overall shareholders' value.

  1. The Buy-back gives an option to the equity shareholders to either participate in the Buy-back and receive cash instead of Equity Shares accepted under the Buy-back or not participate in the Buy-back and enjoy a resultant increase in their percentage of shareholding in the Company post the Buy-back;
  2. The Buy-back would help in improving certain key financial ratios of the Company;
  3. The Buy-back, implemented through the Tender Offer route as prescribed under the Buyback Regulations, would involve a reservation for small shareholders as defined in this Regulation.

The Buy-Back is being undertaken, inter-alia, for the following reasons:

  1. The buyback will help the company to return the surplus cash to its shareholders holding equity shares.
  2. The buyback is expected to improve return on equity through the distribution of cash and improve earnings per share by reducing the equity base; thereby increasing the long-term shareholder's value.
  3. The buyback gives an option to the shareholders holding equity shares of the company, either to sell their equity shares and receive cash or not to sell their equity shares and get a resultant increase in their percentage shareholding, post the buyback offer, without additional investment.
  4. The buyback, which is being implemented through the tender offer as prescribed under the buyback regulations, would involve a minimum reservation of 15% for small shareholders and allocation of a higher number of shares as per their entitlement or 15% of the number of shares to be bought back, reserved for the small shareholders. The company believes that this reservation for small shareholders would benefit many public shareholders, who would be classified as small shareholders.

Buyback Timetable

Mayur Uniquoters Buyback 2024 and Symphony Limited Buyback 2024 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Mayur Uniquoters Buyback 2024 Buyback record date is Aug 23, 2024. Symphony Limited Buyback 2024 Buyback record date is Aug 21, 2024.

  Mayur Uniquoters Ltd. Symphony Limited
Record Date Aug 23, 2024 Aug 21, 2024
Offer Open Date Aug 29, 2024 Aug 27, 2024
Offer Closure Date Sep 04, 2024 Sep 02, 2024
Last date for receipt of tender forms Sep 04, 2024 Sep 02, 2024
Finalisation of buyback Sep 10, 2024 Sep 06, 2024
Last Date for settlment of bids Sep 11, 2024 Sep 09, 2024
Last Date for extinguishment of shares Sep 23, 2024 Sep 19, 2024

Financial Details and Other Relevent Information

Comparison of Mayur Uniquoters Buyback 2024 and Symphony Limited Buyback 2024 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Mayur Uniquoters Ltd. Symphony Limited
Financial

Mayur Uniquoters Ltd. Financial Information (Restated Consolidated)

Mayur Uniquoters Ltd.'s revenue increased by 5% and profit after tax (PAT) rose by 18% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets871.04821.93
Revenue834.83793.38676.82
Profit After Tax122.47104.2194.37
Reserves and Surplus742.25696.75
Amount in ₹ Crore

Symphony Limited Financial Information (Restated Consolidated)

Symphony Limited's revenue decreased by -3% and profit after tax (PAT) rose by 28% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets1,217.651,403.381,367.15
Revenue1,206.81,237.791,079.01
Profit After Tax148.13115.88120.86
Net Worth749.01880.91844.81
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2024 684.40 575.00 628.60
Jun-2024 695.00 488.00 611.31
May-2024 578.10 496.05 527.10

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2024 1223.00 1065.00 1150.49
Jun-2024 1289.90 959.00 1169.82
May-2024 1108.20 934.25 1001.01
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2024 685.00 577.45 628.93
Jun-2024 695.85 486.95 611.62
May-2024 577.80 497.65 527.49

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2024 1224.00 1063.60 1151.23
Jun-2024 1290.00 913.00 1170.40
May-2024 1108.45 933.10 1001.15

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