Garware Technical Fibres Buyback vs Infosys Buyback 2022

Comparision between Garware Technical Fibres Buyback and Infosys Buyback 2022.

Buyback Details

Garware Technical Fibres Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Infosys Buyback 2022 is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

Garware Technical Fibres Limited

Infosys Limited

Logo

Type of Buyback

Tender Offer

Open Market Through Stock Exchange

Listing At

BSE, NSE

Face Value

₹10 per share

₹5 per share

Buyback Price

₹3750 per share

₹1850 per share

Issue Size

2,40,000 shares

Issue Size (Amount)

₹90.00 Crores

₹9,300.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	3 Equity Share out of every 41 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	1 Equity Shares out of every 99 Fully paid-up Equity Shares held on the Record Date.

Registrar

Link Intime India Private Ltd

Kfin Technologies Limited

Lead Managers

Ambit Private Limited

Kotak Mahindra Capital Company Limited

Necessity of the buyback

The Buyback is being undertaken, inter-alia, for the following reasons:

1. The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.

2. The Buyback may help in improving the Company's return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders' value.

The Buyback is being undertaken for the following reasons:

i. The Buyback will help the Company to return surplus cash to its members, in line with the Capital Allocation Policy.

ii. 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 in the long term, thereby leading to long-term increase in members' value

Buyback Timetable

Garware Technical Fibres Buyback and Infosys Buyback 2022 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Garware Technical Fibres Buyback Buyback record date is Nov 04, 2022. Infosys Buyback 2022 Buyback record date is .

	Garware Technical Fibres Limited	Infosys Limited
Record Date	Nov 04, 2022
Offer Open Date	Dec 05, 2022	Dec 07, 2022
Offer Closure Date	Dec 16, 2022	Feb 13, 2023
Last date for receipt of tender forms	Dec 16, 2022
Finalisation of buyback	Dec 26, 2022
Last Date for settlment of bids	Dec 27, 2022
Last Date for extinguishment of shares	Jan 03, 2023

Financial Details and Other Relevent Information

Comparison of Garware Technical Fibres Buyback and Infosys 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.

Garware Technical Fibres Limited

Infosys Limited

Financial

Garware Technical Fibres Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	985.27	140.53	739.12	717.24	132.54
31-Mar-21	1069.24	158.4	811.11	790.49	101.81
31-Mar-22	1214.94	164.78	970.59	949.97	79.57
Amount in ₹ Crore

Infosys Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	92768	93594	16639	65450	63328
31-Mar-21	108386	102673	19423	76351	74227
31-Mar-22	117885	123936	22146	75350	73252
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Sep-2022	3752.55	3250.25	3491.78
Aug-2022	3560.00	2990.00	3180.46
Jul-2022	3465.00	3000.00	3210.58

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jun-2022	1555.05	1367.20	1463.00
Jul-2022	1555.00	1410.90	1484.98
Aug-2022	1631.00	1450.00	1567.17

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Sep-2022	3754.85	3300.00	3491.83
Aug-2022	3569.95	2980.00	3179.15
Jul-2022	3432.75	2972.35	3211.51

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jun-2022	1555.00	1367.15	1462.88
Jul-2022	1555.70	1410.65	1485.00
Aug-2022	1631.35	1450.00	1567.30

Compare with others

Garware Technical Fibres Limited	Infosys Limited
Orbit Exports Buyback	Triveni Turbine Buyback
Jagran Prakashan Buyback 2022	Dhanuka Agritech Buyback
Triveni Turbine Buyback	Kaveri Seed Buyback 2022
Dhanuka Agritech Buyback	Garware Technical Fibres Buyback
Kaveri Seed Buyback 2022	International Conveyors Buyback
International Conveyors Buyback	SP Apparels Buyback
Infosys Buyback 2022	Shyam Century Ferrous Buyback
SP Apparels Buyback	Tanla Platforms Buyback 2022
Shyam Century Ferrous Buyback	Mindteck India Buyback
Tanla Platforms Buyback 2022	ACC Limited Buyback

Comments

Add a public comment...