Filatex India Buyback vs IndiaMART InterMESH Buyback

Comparison between Filatex India Buyback and IndiaMART InterMESH Buyback.

Buyback Details

Filatex India Buyback is a Tender Offer buyback proposed to list at BSE, NSE while IndiaMART InterMESH Buyback is a Tender Offer proposed to list at BSE, NSE.

 Filatex India Ltd.IndiaMART InterMESH Ltd.
LogoFilatex India Buyback LogoIndiaMART InterMESH Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹2 per share₹10 per share
Buyback Price₹140 per share₹6250 per share
Issue Size42,50,000 shares1,60,000 shares
Issue Size (Amount)₹59.50 Crores₹100.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 23 Equity Share out of every 226 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 8 Equity Share out of every 485 Fully paid-up Equity Shares held on the Record Date.
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 1 Equity Share out of every 63 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 4 Equity Shares out of every 861 Fully paid-up Equity Shares held on the Record Date.
RegistrarMCS Share Transfer Agent Ltd.MUFG Intime India Pvt.Ltd.
Lead ManagersCorporate Professionals Capital Pvt.Ltd.Ambit Pvt.Ltd.
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 shareholders holding Equity shares broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders.

2. The Buyback would help in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the company.

The buyback is being undertaken for the following reasons:

1. 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.

2. 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.

Buyback Timetable

Filatex India Buyback and IndiaMART InterMESH Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Filatex India Buyback Buyback record date is Apr 08, 2022. IndiaMART InterMESH Buyback Buyback record date is May 11, 2022.

 Filatex India Ltd.IndiaMART InterMESH Ltd.
Record DateApr 08, 2022May 11, 2022
Offer Open DateMay 09, 2022Jun 02, 2022
Offer Closure DateMay 23, 2022Jun 15, 2022
Last date for receipt of tender formsMay 23, 2022Jun 15, 2022
Finalisation of buybackMay 27, 2022Jun 23, 2022
Last Date for settlment of bidsJun 01, 2022Jun 24, 2022
Last Date for extinguishment of sharesJun 08, 2022Jul 01, 2022

Financial Details and Other Relevent Information

Comparison of Filatex India Buyback and IndiaMART InterMESH Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Filatex India Ltd.IndiaMART InterMESH Ltd.
Financial
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Lakhs)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Income 2,23,660.74 2,79,448.95 2,88,588.53
Profit After Tax 16,583.32 12,147.04 8,484.60
Net Worth 68,976.87 52,272.04 39,934.67
Reserves and Surplus 64,560.51 47,878.34 35,584.67
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Lakhs)
  31-Mar-22 31-Mar-21 31-Mar-20
Total Income 86,567.97 75,614.63 70,744.52
Profit After Tax 29,761.90 27,977.49 14,738.21
Net Worth 1,87,405.37 1,61,088.46 27,505.75
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2022 129.80 101.15 119.89
Jan-2022 142.30 96.50 118.36
Dec-2021 103.90 72.50 90.82

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Mar-2022 4879.75 3965.35 4409.07
Feb-2022 5379.90 4551.20 5000.63
Jan-2022 6902.00 4350.00 6189.47
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2022 129.35 101.00 120.46
Jan-2022 142.80 96.55 120.76
Dec-2021 104.00 72.35 91.36

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Mar-2022 4880.00 3960.00 4408.57
Feb-2022 5382.00 4555.00 5001.55
Jan-2022 6907.00 4301.10 6189.40

Compare with others

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Filatex India Buyback and IndiaMART InterMESH Buyback