Comparison between Asahi Songwon Colors Buyback and SMC Global Securities Buyback.
Asahi Songwon Colors Buyback is a Tender Offer buyback proposed to list at BSE, NSE while SMC Global Securities Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.
| Asahi Songwon Colors Ltd. | SMC Global Securities Ltd | |||||||
|---|---|---|---|---|---|---|---|---|
| Logo |  |  | ||||||
| Type of Buyback | Tender Offer | Open Market Through Stock Exchange | ||||||
| Listing At | BSE, NSE | BSE, NSE | ||||||
| Face Value | ₹10 per share | ₹2 per share | ||||||
| Buyback Price | ₹400 per share | ₹115 per share | ||||||
| Issue Size | 2,40,000 shares | |||||||
| Issue Size (Amount) | ₹9.60 Crores | ₹75.00 Crores | ||||||
| Buyback Ratio |
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| Registrar | MUFG Intime India Pvt.Ltd. | MUFG Intime India Pvt.Ltd. | ||||||
| Lead Managers | Systematix Corporate Services Ltd. | Corporate Professionals Capital Pvt.Ltd. | ||||||
| Necessity of the buyback | The buyback is being undertaken for the following reasons: 1. The Buyback would help in improving its return on equity, by reducing the equity base, thereby leading to a long term increase in shareholders' value. 2. The Buyback will help the company to distribute surplus cash to its shareholders holding Equity shares broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders. | The buyback aims to utilize the net proceeds towards the following objectives:
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Asahi Songwon Colors Buyback and SMC Global Securities Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Asahi Songwon Colors Buyback Buyback record date is Jun 03, 2022. SMC Global Securities Buyback Buyback record date is .
| Asahi Songwon Colors Ltd. | SMC Global Securities Ltd | |
|---|---|---|
| Record Date | Jun 03, 2022 | |
| Offer Open Date | Jun 22, 2022 | May 20, 2022 |
| Offer Closure Date | Jul 05, 2022 | Aug 16, 2022 |
| Last date for receipt of tender forms | Jul 05, 2022 | |
| Finalisation of buyback | Jul 12, 2022 | |
| Last Date for settlment of bids | Jul 13, 2022 | |
| Last Date for extinguishment of shares | Jul 20, 2022 |
Comparison of Asahi Songwon Colors Buyback and SMC Global Securities Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.
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| Stock price at BSE | Stock price at BSE (in preceding 3 months)
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| Stock price at NSE | Stock price at NSE (in preceding 3 months)
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