CARE Ratings Buyback vs Techno Electric Buyback

Comparision between CARE Ratings Buyback and Techno Electric Buyback.

Buyback Details

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

CARE Ratings Limited

Techno Electric & Engineering Company Limited

Logo

Type of Buyback

Tender Offer

Open Market Through Stock Exchange

Listing At

BSE, NSE

Face Value

₹10 per share

₹2 per share

Buyback Price

₹515 per share

₹325 per share

Issue Size

23,68,000 shares

Issue Size (Amount)

₹121.95 Crores

₹130.00 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.

Registrar

Kfin Technologies Limited

Niche Technologies Pvt. Ltd

Lead Managers

Dam Capital Advisors Ltd (Formerly Idfc Securities 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 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

CARE Ratings Buyback and Techno Electric 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. Techno Electric Buyback Buyback record date is .

	CARE Ratings Limited	Techno Electric & Engineering Company Limited
Record Date	Sep 14, 2022
Offer Open Date	Nov 18, 2022	Jul 20, 2022
Offer Closure Date	Dec 01, 2022	Jan 19, 2023
Last date for receipt of tender forms	Dec 03, 2022
Finalisation of buyback	Dec 09, 2022
Last Date for settlment of bids	Dec 12, 2022
Last Date for extinguishment of shares	Dec 19, 2022

Financial Details and Other Relevent Information

Comparison of CARE Ratings 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.

CARE Ratings Limited

Techno Electric & Engineering Company 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

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
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
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
Aug-2022	522.00	452.20	484.75
Jul-2022	492.00	410.15	440.83
Jun-2022	485.00	406.00	437.16

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

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

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