Free Account Opening + AMC Free Demat
Loading...

Shriram Pistons & Rings Buyback vs Tanla Platforms Buyback

Comparision between Shriram Pistons & Rings Buyback and Tanla Platforms Buyback.

Buyback Details

Shriram Pistons & Rings Buyback is a Tender Offer buyback proposed to list at NSE while Tanla Platforms Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

  Shriram Pistons & Rings Limited Tanla Platforms Limited
Logo Shriram Pistons & Rings Buyback Logo Tanla Platforms Buyback Logo
Type of Buyback Tender Offer Open Market Through Stock Exchange
Listing At NSE BSE, NSE
Face Value ₹10 per share ₹1 per share
Buyback Price ₹1020 per share ₹1260 per share
Issue Size 3,50,000 shares
Issue Size (Amount) ₹35.70 Crores ₹65.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 426 Equity Shares out of every 485 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 2 Equity Shares out of every 151 fully paid-up Equity Shares held on the Record Date.
Registrar Alankit Assignments Ltd Kfin Technologies Limited
Lead Managers Edelweiss Financial Services Ltd Hdfc Bank Limited
Necessity of the buyback

The Buyback aims to :
i) Return surplus cash to the shareholders, thereby, optimizing returns to the shareholders and enhancing the overall shareholders’ value.
ii) Improve Return on Equity, Earnings per share, enhance return on invested capital, and thereby enhance shareholder value in the long term.

The Buyback aims to :
i) Return surplus cash to the shareholders.
ii) Improve Return on Equity and Earnings per share and thereby enhance shareholder value in the long term.

Buyback Timetable

Shriram Pistons & Rings Buyback and Tanla Platforms Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Shriram Pistons & Rings Buyback Buyback record date is Aug 12, 2021. Tanla Platforms Buyback Buyback record date is .

  Shriram Pistons & Rings Limited Tanla Platforms Limited
Record Date Aug 12, 2021
Offer Open Date Sep 17, 2021 Jul 29, 2021
Offer Closure Date Sep 30, 2021 Jan 28, 2022
Last date for receipt of tender forms Oct 04, 2021
Finalisation of buyback Oct 07, 2021
Last Date for settlment of bids Oct 11, 2021
Last Date for extinguishment of shares Oct 18, 2021

Financial Details and Other Relevent Information

Comparison of Shriram Pistons & Rings Buyback and Tanla Platforms Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Shriram Pistons & Rings Limited Tanla Platforms Limited
Financial
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs.in Million)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 16,161.75 16,266.12 19,785.35
Profit After Tax 887.51 730.35 1,384.50
Net Worth 11,384.15 10,607.72 10,166.92
Reserves and Surplus 10,772.12 9,994.55 9,837.00
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 9,226.96 10,695.06 8,189.69
Profit After Tax 1,585.59 (1,989.21) 170.75
Net Worth 6,664.69 6,690.60 6,997.15
Reserves and Surplus 6,528.66 6,544.63 6,881.51
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jun-2021 927.00 735.00 834.80
May-2021 968.00 852.55 882.09
Apr-2021 986.65 821.55 906.72
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2021 1113.75 878.00 953.26
Jun-2021 1048.80 746.00 852.27
May-2021 870.95 740.85 784.36

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jun-2021 927.70 735.00 835.30
May-2021 968.80 852.90 882.67
Apr-2021 985.55 821.60 905.63

Comments

Add a public comment...