Granules India Buyback vs Tanla Platforms Buyback 2022

Comparision between Granules India Buyback and Tanla Platforms Buyback 2022.

Buyback Details

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

Granules India Limited

Tanla Platforms Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE

BSE, NSE

Face Value

₹1 per share

Buyback Price

₹400 per share

₹1200 per share

Issue Size

62,50,000 shares

14,16,667 shares

Issue Size (Amount)

₹250.00 Crores

₹170.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	1 Equity Share out of every 20 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	19 Equity Shares out of every 821 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

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:

1. The Buyback will help the Company to distribute surplus cash to its members holding Equity Shares thereby enhancing the overall return for them.

2. The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by the 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

Granules India 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. Granules India Buyback Buyback record date is Aug 23, 2022. Tanla Platforms Buyback 2022 Buyback record date is Oct 25, 2022.

	Granules India Limited	Tanla Platforms Limited
Record Date	Aug 23, 2022	Oct 25, 2022
Offer Open Date	Sep 27, 2022	Dec 20, 2022
Offer Closure Date	Oct 11, 2022	Jan 02, 2023
Last date for receipt of tender forms	Oct 11, 2022	Jan 02, 2023
Finalisation of buyback	Oct 19, 2022	Jan 10, 2023
Last Date for settlment of bids	Oct 20, 2022	Jan 11, 2023
Last Date for extinguishment of shares	Oct 25, 2022	Jan 18, 2023

Financial Details and Other Relevent Information

Comparison of Granules India 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.

Granules India Limited

Tanla Platforms Limited

Financial

Granules India Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth
31-Mar-20	2635.2	335.4	1843.72
31-Mar-21	3264.42	549.46	2173.27
31-Mar-22	3264.42	549.46	2173.27
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
Jul-2022	313.25	269.05	295.66
Jun-2022	281.90	227.00	261.12
May-2022	285.00	232.15	260.33

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
Jul-2022	313.30	268.90	295.71
Jun-2022	282.00	226.95	261.08
May-2022	285.00	232.10	260.37

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

Granules India Limited	Tanla Platforms Limited
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SIS Limited Buyback	SP Apparels Buyback
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Suraj Limited Buyback	Mindteck India Buyback
Quick Heal Technologies Buyback 2022	ACC Limited Buyback
CARE Ratings Buyback	SIS Limited Buyback
Techno Electric Buyback	TCI Express Buyback
Marksans Pharma Buyback	Granules India Buyback

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