Symphony Buyback vs TeamLease Services Buyback

Comparision between Symphony Buyback and TeamLease Services Buyback.

Buyback Details

Symphony Buyback is a Tender Offer buyback proposed to list at BSE, NSE while TeamLease Services Buyback is a Tender Offer proposed to list at BSE, NSE.

Symphony Limited

TeamLease Services Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹2 per share

₹10 per share

Buyback Price

₹2000 per share

₹3050 per share

Issue Size

10,00,000 shares

3,27,869 shares

Issue Size (Amount)

₹200.00 Crores

₹100.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	9 Equity Shares out of every 92 Fully paid-up Equity Shares held on the Record Date.	150,000.00
General Category for all other Eligible Shareholders	1 Equity Shares out of every 80 Fully paid-up Equity Shares held on the Record Date.	850,000.00

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	1 Equity Shares out of every 6 Fully paid-up Equity Shares held on the Record Date.	49,181.00
General Category for all other Eligible Shareholders	1 Equity Shares out of every 60 Fully paid-up Equity Shares held on the Record Date.	278,688.00

Registrar

Bigshare Services Pvt Ltd

Kfin Technologies Limited

Lead Managers

Ambit Private Limited

Edelweiss Financial Services Ltd

Necessity of the buyback

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.
The buyback consists of a reservation for the small shareholder. The company believes that this reservation for small shareholders would benefit a large number of public shareholders who would get classified as "small shareholders".
The buyback may help in improving return on equity, reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer.

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.
The buyback consists of a reservation for the small shareholder. The company believes that this reservation for small shareholders would benefit a large number of public shareholders who would get classified as "small shareholders".
The buyback may help in improving return on equity, by a reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer.
The buyback may lead to a reduction in outstanding Equity shares, an improvement in earnings per equity share, and an enhanced return on invested capital.

Buyback Timetable

Symphony Buyback and TeamLease Services Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Symphony Buyback Buyback record date is Mar 29, 2023. TeamLease Services Buyback Buyback record date is Apr 03, 2023.

	Symphony Limited	TeamLease Services Limited
Record Date	Mar 29, 2023	Apr 03, 2023
Offer Open Date	May 03, 2023	May 12, 2023
Offer Closure Date	May 17, 2023	May 25, 2023
Last date for receipt of tender forms	May 17, 2023	May 25, 2023
Finalisation of buyback	May 25, 2023	Jun 02, 2023
Last Date for settlment of bids	May 26, 2023	Jun 05, 2023
Last Date for extinguishment of shares	Jun 02, 2023	Jun 12, 2023

Financial Details and Other Relevent Information

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

Symphony Limited

TeamLease Services Limited

Financial

Symphony Limited Financial Information (Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax
31-Mar-20	1,064.00	1,157.00	182.00
31-Mar-21	1,220.00	931.00	107.00
31-Mar-22	1,367.00	1,079.00	121.00
Amount in ₹ Crore

TeamLease Services Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax
31-Mar-20		5,231.57	34.98
31-Mar-21	1,310.79	4,916.18	78.47
31-Mar-22	1,540.41	6,499.55	39.45
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Feb-2023	1174.85	948.00	1051.97
Jan-2023	1004.95	900.05	959.76
Dec-2022	950.35	870.00	914.00

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Feb-2023	2570.05	2225.95	2465.23
Jan-2023	2584.00	2172.00	2446.89
Dec-2022	2598.15	2435.00	2514.93

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Feb-2023	1175.00	948.00	1051.93
Jan-2023	1006.00	907.20	960.03
Dec-2022	949.00	870.00	914.21

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Feb-2023	2594.90	2216.00	2463.17
Jan-2023	2585.00	2172.30	2447.11
Dec-2022	2586.50	2430.00	2515.89

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Symphony Limited	TeamLease Services Limited
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Natco Pharma Buyback 2023	Symphony Buyback
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Sportking India Buyback 2023	KDDL Buyback 2023
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Abirami Financial Services Buyback 2023	VLS Finance Buyback

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