Comparison between Filatex India Buyback and Pennar Industries Buyback.
Filatex India Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Pennar Industries Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.
| Filatex India Ltd. | Pennar Industries Ltd. | |||||||
|---|---|---|---|---|---|---|---|---|
| Logo |  |  | ||||||
| Type of Buyback | Tender Offer | Open Market Through Stock Exchange | ||||||
| Listing At | BSE, NSE | BSE, NSE | ||||||
| Face Value | ₹2 per share | ₹5 per share | ||||||
| Buyback Price | ₹140 per share | ₹50 per share | ||||||
| Issue Size | 42,50,000 shares | |||||||
| Issue Size (Amount) | ₹59.50 Crores | ₹40.00 Crores | ||||||
| Buyback Ratio |
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| Registrar | MCS Share Transfer Agent Ltd. | Kfin Technologies Ltd. | ||||||
| Lead Managers | Corporate Professionals Capital Pvt.Ltd. | Finshore Management Services 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 aims to utilize the net proceeds towards the following objectives:
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Filatex India Buyback and Pennar Industries 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. Pennar Industries Buyback Buyback record date is .
| Filatex India Ltd. | Pennar Industries Ltd. | |
|---|---|---|
| Record Date | Apr 08, 2022 | |
| Offer Open Date | May 09, 2022 | Mar 23, 2022 |
| Offer Closure Date | May 23, 2022 | Sep 22, 2022 |
| Last date for receipt of tender forms | May 23, 2022 | |
| Finalisation of buyback | May 27, 2022 | |
| Last Date for settlment of bids | Jun 01, 2022 | |
| Last Date for extinguishment of shares | Jun 08, 2022 |
Comparison of Filatex India Buyback and Pennar Industries 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)
| Stock price at NSE (in preceding 3 months)
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