Granules India Buyback vs Techno Electric Buyback

Comparision between Granules India Buyback and Techno Electric Buyback.

Buyback Details

Granules India Buyback is a Tender Offer buyback proposed to list at BSE while Techno Electric Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

Granules India Limited

Techno Electric & Engineering Company Limited

Logo

Type of Buyback

Tender Offer

Open Market Through Stock Exchange

Listing At

BSE

BSE, NSE

Face Value

₹1 per share

₹2 per share

Buyback Price

₹400 per share

₹325 per share

Issue Size

62,50,000 shares

Issue Size (Amount)

₹250.00 Crores

₹130.00 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.

Registrar

Kfin Technologies Limited

Niche Technologies Pvt. Ltd

Lead Managers

Motilal Oswal Investment Advisors 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 reason:

The Buyback will help the Company to distribute surplus cash to its shareholders holding equity shares.
The Buyback would help in improving return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders' value.
The Buyback would help in optimizing the capital structure.

Buyback Timetable

Granules India Buyback and Techno Electric Buyback 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. Techno Electric Buyback Buyback record date is .

	Granules India Limited	Techno Electric & Engineering Company Limited
Record Date	Aug 23, 2022
Offer Open Date	Sep 27, 2022	Jul 20, 2022
Offer Closure Date	Oct 11, 2022	Jan 19, 2023
Last date for receipt of tender forms	Oct 11, 2022
Finalisation of buyback	Oct 19, 2022
Last Date for settlment of bids	Oct 20, 2022
Last Date for extinguishment of shares	Oct 25, 2022

Financial Details and Other Relevent Information

Comparison of Granules India Buyback and Techno Electric Buyback 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

Techno Electric & Engineering Company 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

Techno Electric & Engineering Company Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	922.68	179.1	1480.25	1458.25
31-Mar-21	956.08	181.78	1596.01	1574.01
31-Mar-22	1219.15	258.44	1814.68	1792.68
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
Jun-2022	294.00	231.00	275.34
May-2022	314.95	251.50	284.35
Apr-2022	302.00	248.90	278.98

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
Jun-2022	294.85	231.20	275.86
May-2022	314.90	250.85	284.63
Apr-2022	302.00	248.55	278.98

Compare with others

Granules India Limited	Techno Electric & Engineering Company Limited
Tanla Platforms Buyback 2022	TCI Express Buyback
Mindteck India Buyback	Granules India Buyback
ACC Limited Buyback	Suraj Limited Buyback
SIS Limited Buyback	Quick Heal Technologies Buyback 2022
TCI Express Buyback	CARE Ratings Buyback
Suraj Limited Buyback	Marksans Pharma Buyback
Quick Heal Technologies Buyback 2022	Bajaj Auto Buyback
CARE Ratings Buyback	Route Mobile Buyback
Techno Electric Buyback	Avonmore Capital Buyback
Marksans Pharma Buyback	Birlasoft Limited Buyback

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