CARE Ratings Buyback vs Suraj Limited Buyback

Comparision between CARE Ratings Buyback and Suraj Limited Buyback.

Buyback Details

CARE Ratings Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Suraj Limited Buyback is a Tender Offer proposed to list at BSE.

CARE Ratings Limited

Suraj Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

BSE

Face Value

₹10 per share

Buyback Price

₹515 per share

₹77 per share

Issue Size

23,68,000 shares

9,00,000 shares

Issue Size (Amount)

₹121.95 Crores

₹6.93 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	60 Equity Share out of every 539 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	69 Equity Shares out of every 907 Fully paid-up Equity Shares held on the Record Date.

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	184 Equity Share out of every 813 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	37 Equity Shares out of every 663 Fully paid-up Equity Shares held on the Record Date.

Registrar

Kfin Technologies Limited

Bigshare Services Pvt Ltd

Lead Managers

Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)

Beeline Capital Advisors Pvt Ltd

Necessity of the buyback

The Buyback is being undertaken for the following reasons:

(i) optimising returns to shareholders;

(ii) enhancing overall shareholder value.

(iii) achieving optimum capital structure.

(iv) mitigating the effects of short-term market volatility.

(v) enhancing shareholders' confidence.

The buyback is being undertaken for the following reasons:

The Buyback will help the Company to distribute a part of the surplus cash to its shareholders holding Equity Shares thereby, optimizing returns to the shareholders and enhancing the overall shareholders' value in longer term and improving the return on equity.
The Buyback is being undertaken, inter alia, for helping the Company to return surplus cash to the Eligible Shareholders broadly in proportion to their shareholding, thereby, enhancing the overall return to the Equity Shareholders.

Buyback Timetable

CARE Ratings Buyback and Suraj Limited Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. CARE Ratings Buyback Buyback record date is Sep 14, 2022. Suraj Limited Buyback Buyback record date is Aug 20, 2022.

	CARE Ratings Limited	Suraj Limited
Record Date	Sep 14, 2022	Aug 20, 2022
Offer Open Date	Nov 18, 2022	Sep 14, 2022
Offer Closure Date	Dec 01, 2022	Sep 27, 2022
Last date for receipt of tender forms	Dec 03, 2022	Sep 27, 2022
Finalisation of buyback	Dec 09, 2022	Oct 06, 2022
Last Date for settlment of bids	Dec 12, 2022	Oct 07, 2022
Last Date for extinguishment of shares	Dec 19, 2022	Oct 14, 2022

Financial Details and Other Relevent Information

Comparison of CARE Ratings Buyback and Suraj Limited Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

CARE Ratings Limited

Suraj Limited

Financial

CARE Ratings Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax
31-Mar-20	275.11	83.48
31-Mar-21	279.74	90.97
31-Mar-22	274.82	76.83
Amount in ₹ Crore

Suraj Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth
31-Mar-20	177.03	1.01	87.77
31-Mar-21	192.38	1.37	89.14
31-Mar-22	348.76	3	92.17
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Aug-2022	521.80	452.75	484.72
Jul-2022	492.25	410.60	440.55
Jun-2022	485.35	405.35	437.03

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2022	76.45	62.05	69.25
Jun-2022	73.60	61.05	67.33
May-2022	80.00	63.30	71.65

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Aug-2022	522.00	452.20	484.75
Jul-2022	492.00	410.15	440.83
Jun-2022	485.00	406.00	437.16

Compare with others

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

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