Symphony Buyback vs VRL Logistics Buyback 2023

Comparision between Symphony Buyback and VRL Logistics Buyback 2023.

Buyback Details

Symphony Buyback is a Tender Offer buyback proposed to list at BSE, NSE while VRL Logistics Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.

Symphony Limited

VRL Logistics Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹2 per share

₹10 per share

Buyback Price

₹2000 per share

₹700 per share

Issue Size

10,00,000 shares

8,75,000 shares

Issue Size (Amount)

₹200.00 Crores

₹61.25 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 26 Fully paid-up Equity Shares held on the Record Date.	131,250.00
General Category for all other Eligible Shareholders	1 Equity Shares out of every 114 Fully paid-up Equity Shares held on the Record Date.	743,750.00

Registrar

Bigshare Services Pvt Ltd

Kfin Technologies Limited

Lead Managers

Ambit Private Limited

Motilal Oswal Investment Advisors Limited

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 offers the following advantages:

a) 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.

b) The Buyback may help in improving its return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders' value.

Buyback Timetable

Symphony Buyback and VRL Logistics Buyback 2023 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. VRL Logistics Buyback 2023 Buyback record date is Feb 10, 2023.

	Symphony Limited	VRL Logistics Limited
Record Date	Mar 29, 2023	Feb 10, 2023
Offer Open Date	May 03, 2023	Mar 13, 2023
Offer Closure Date	May 17, 2023	Mar 27, 2023
Last date for receipt of tender forms	May 17, 2023	Mar 27, 2023
Finalisation of buyback	May 25, 2023	Apr 06, 2023
Last Date for settlment of bids	May 26, 2023	Apr 10, 2023
Last Date for extinguishment of shares	Jun 02, 2023	Apr 17, 2023

Financial Details and Other Relevent Information

Comparison of Symphony Buyback and VRL Logistics Buyback 2023 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

VRL Logistics 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

VRL Logistics Limited Financial Information (Consolidated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	2128.86	90.11	616.87	189.3
31-Mar-21	1775.79	45.07	597.14	119.57
31-Mar-22	2410.47	160.11	651.63	143.48
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
Jan-2023	574.80	506.50	546.05
Dec-2022	589.45	512.75	554.43
Nov-2022	618.65	509.05	564.86

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
Jan-2023	575.00	507.70	546.30
Dec-2022	589.00	512.40	554.60
Nov-2022	618.95	509.55	564.90

Compare with others

Symphony Limited	VRL Logistics Limited
Ashiana Housing Buyback 2023	Godawari Power and Ispat Buyback 2023
Emami Limited Buyback 2023	Ajanta Pharma Buyback 2023
Godawari Power and Ispat Buyback 2023	Natco Pharma Buyback 2023
Ajanta Pharma Buyback 2023	Symphony Buyback
Natco Pharma Buyback 2023	TeamLease Services Buyback
TeamLease Services Buyback	Sportking India Buyback 2023
VRL Logistics Buyback 2023	KDDL Buyback 2023
Sportking India Buyback 2023	Abirami Financial Services Buyback 2023
KDDL Buyback 2023	VLS Finance Buyback
Abirami Financial Services Buyback 2023	Welspun Enterprises Buyback

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