Freshtrop Fruits Buyback 2022 vs Tips Industries Buyback 2022

Comparison between Freshtrop Fruits Buyback 2022 and Tips Industries Buyback 2022.

Buyback Details

Freshtrop Fruits Buyback 2022 is a Open Market Through Stock Exchange buyback proposed to list at BSE while Tips Industries Buyback 2022 is a Tender Offer proposed to list at BSE, NSE.

 Freshtrop Fruits Ltd.Tips Industries Ltd.
LogoFreshtrop Fruits Buyback 2022 LogoTips Industries Buyback 2022 Logo
Type of BuybackOpen Market Through Stock ExchangeTender Offer
Listing AtBSEBSE, NSE
Face Value₹10 per share₹10 per share
Buyback Price₹115 per share₹2600 per share
Issue Size1,26,000 shares
Issue Size (Amount)₹8.00 Crores₹32.76 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders37 Equity Shares out of every 762 Fully paid-up Equity Shares held on the Record Date.18,900.00
General Category for all other Eligible Shareholders2 Equity Shares out of every 235 Fully paid-up Equity Shares held on the Record Date.107,100.00
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Lead ManagersChartered Capital & Investment Ltd.Inga Ventures Pvt.Ltd.
Necessity of the buyback

The Buyback is being undertaken for the following reasons:

  • The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares.
  • The Buyback is generally expected to improve return on equity through distribution of cash and improve earnings per share by reduction in the equity base, thereby leading to long term increase in shareholders' value.

Buyback Timetable

Freshtrop Fruits Buyback 2022 and Tips Industries Buyback 2022 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Freshtrop Fruits Buyback 2022 Buyback record date is . Tips Industries Buyback 2022 Buyback record date is Dec 30, 2022.

 Freshtrop Fruits Ltd.Tips Industries Ltd.
Record DateDec 30, 2022
Offer Open DateDec 20, 2022Jan 27, 2023
Offer Closure DateFeb 07, 2023Feb 09, 2023
Last date for receipt of tender formsFeb 09, 2023
Finalisation of buybackFeb 17, 2023
Last Date for settlment of bidsFeb 20, 2023
Last Date for extinguishment of sharesFeb 27, 2023

Financial Details and Other Relevent Information

Comparison of Freshtrop Fruits Buyback 2022 and Tips Industries Buyback 2022 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Freshtrop Fruits Ltd.Tips Industries Ltd.
Financial
Freshtrop Fruits Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-21154.68150.439.49
31-Mar-22168.99178.697.36
Amount in ₹ Crore
Tips Industries Limited Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet Worth
31-Mar-20108.8211.3480.11
31-Mar-2195.4243.47100.91
31-Mar-22138.864.56102.61
30-Sep-2285.9638137.57
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jun-2022 108.00 93.70 99.78
Jul-2022 105.00 93.50 97.17
Aug-2022 110.00 82.50 93.61

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 1923.90 1725.00 1837.57
Oct-2022 1850.00 1456.15 1598.71
Sep-2022 1740.00 1470.00 1591.33
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 1910.00 1700.00 1837.56
Oct-2022 1850.00 1458.45 1601.22
Sep-2022 1724.95 1465.00 1592.46

Compare with others

Compare:

Freshtrop Fruits Buyback 2022 and Tips Industries Buyback 2022