Engineers India Buyback vs Garware Technical Buyback

Comparision between Engineers India Buyback and Garware Technical Buyback.

Buyback Details

Engineers India Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Garware Technical Buyback is a Tender Offer proposed to list at BSE, NSE.

Engineers India Limited

Garware Technical Fibres Ltd

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹5 per share

₹10 per share

Buyback Price

₹84 per share

₹2300 per share

Issue Size

6,98,69,047 shares

3,17,391 shares

Issue Size (Amount)

₹586.90 Crores

₹73.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	119 Equity Shares out of every 828 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	80 Equity Shares out of every 753 fully paid-up Equity Shares held on the Record Date.

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	5 Equity Shares out of every 38 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	4 Equity Shares out of every 305 Equity Shares held on the Record Date.

Registrar

Alankit Assignments Ltd

Link Intime India Private Ltd

Lead Managers

Idbi Capital Market Services Limited

Ambit Private Limited

Necessity of the buyback

The Buyback offered is undertaken by the Company:
i) To return surplus cash to its members.
ii) To help improve return on equity and thus increase shareholder's value.
iii) To optimize the capital structure.

The Buyback is being undertaken by the company to return the surplus cash to the shareholders in an effective and efficient manner.

Buyback Timetable

Engineers India Buyback and Garware Technical Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Engineers India Buyback Buyback record date is Jan 01, 2021. Garware Technical Buyback Buyback record date is Dec 11, 2020.

	Engineers India Limited	Garware Technical Fibres Ltd
Record Date	Jan 01, 2021	Dec 11, 2020
Offer Open Date	Jan 22, 2021	Jan 19, 2021
Offer Closure Date	Feb 05, 2021	Feb 02, 2021
Last date for receipt of tender forms	Feb 08, 2021	Feb 04, 2021
Finalisation of buyback	Feb 12, 2021	Feb 10, 2021
Last Date for settlment of bids	Feb 15, 2021	Feb 11, 2021
Last Date for extinguishment of shares	Feb 22, 2021	Feb 18, 2021

Financial Details and Other Relevent Information

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

Engineers India Limited

Garware Technical Fibres Ltd

Financial

Summary of financial Information (standalone)
Particulars	For the year/period ended (Rs. in Crores)
	31-Mar-20	31-Mar-19	31-Mar-18
Total Revenue	3,461.09	2,669.42	1,967.05
Profit After Tax	430.24	370.07	377.87
Net Worth	2,345.46	2,275.85	2,267.87

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (Rs in Million)
	31-Mar-20	31-Mar-19	31-Mar-18
Total Revenue	9,852.74	10,389.01	9,034.25
Profit After Tax	140.51	1,256.80	1,051.73
Reserves and Surplus	7,172.40	6,284.64	5,184.77

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2020	74.95	63.90	69.75
Oct-2020	69.00	60.50	64.30
Sep-2020	72.25	63.45	66.25

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2020	2298.00	1814.00	2055.00
Oct-2020	2250.00	1837.00	2032.00
Sep-2020	2204.00	1737.00	1960.00

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2020	74.95	63.80	69.76
Oct-2020	69.00	60.40	64.29
Sep-2020	72.30	63.50	66.21

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2020	2300.00	1812.00	2063.00
Oct-2020	2250.00	1835.00	2032.00
Sep-2020	2205.00	1751.00	1961.00

Compare with others

Engineers India Limited	Garware Technical Fibres Ltd
Atul Buyback	Engineers India Buyback
Freshtrop Fruits Buyback	IIFL Securities Buyback
Archidply Industries Buyback	Rane Brake Buyback
Industrial and Prudential Investment Buyback	HPCL Buyback
Jullundur Motor Agency Buyback	Sreeleathers Buyback
IIFL Securities Buyback
Rane Brake Buyback
HPCL Buyback
Sreeleathers Buyback
Garware Technical Buyback

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