Comparison between Engineers India Buyback and Garware Technical Buyback.
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 Ltd. | Garware Technical Fibres Ltd | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Logo |  |  | ||||||||||||
| Type of Buyback | Tender Offer | Tender Offer | ||||||||||||
| Listing At | BSE, NSE | 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 |
|
| ||||||||||||
| Registrar | Alankit Assignments Ltd. | MUFG Intime India Pvt.Ltd. | ||||||||||||
| Lead Managers | IDBI Capital Markets & Securities Ltd. | Ambit Pvt.Ltd. | ||||||||||||
| Necessity of the buyback |
The Buyback offered is undertaken by the Company:
| The Buyback is being undertaken by the company to return the surplus cash to the shareholders in an effective and efficient manner. |
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 Ltd. | 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 |
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 Ltd. | Garware Technical Fibres Ltd | |||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial |
|
| ||||||||||||||||||||||||||||||||||||||||
| Stock price at BSE | Stock price at BSE (in preceding 3 months)
| Stock price at BSE (in preceding 3 months)
| ||||||||||||||||||||||||||||||||||||||||
| Stock price at NSE | Stock price at NSE (in preceding 3 months)
| Stock price at NSE (in preceding 3 months)
| ||||||||||||||||||||||||||||||||||||||||
