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Garware Technical Fibres Buyback vs Jagran Prakashan Buyback 2022

Comparision between Garware Technical Fibres Buyback and Jagran Prakashan Buyback 2022.

Buyback Details

Garware Technical Fibres Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Jagran Prakashan Buyback 2022 is a Tender Offer proposed to list at BSE, NSE.

  Garware Technical Fibres Limited Jagran Prakashan Ltd
Logo Garware Technical Fibres Buyback Logo Jagran Prakashan Buyback 2022 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹10 per share ₹2 per share
Buyback Price ₹3750 per share ₹75 per share
Issue Size 2,40,000 shares 4,60,00,000 shares
Issue Size (Amount) ₹90.00 Crores ₹345.00 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 Ernst & Young Merchant Banking Services Llp
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:

  • The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares.
  • The Buyback may help in improving return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders' value.

Buyback Timetable

Garware Technical Fibres Buyback and Jagran Prakashan 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. Jagran Prakashan Buyback 2022 Buyback record date is Jan 06, 2023.

  Garware Technical Fibres Limited Jagran Prakashan Ltd
Record Date Nov 04, 2022 Jan 06, 2023
Offer Open Date Dec 05, 2022 Mar 02, 2023
Offer Closure Date Dec 16, 2022 Mar 16, 2023
Last date for receipt of tender forms Dec 16, 2022 Mar 18, 2023
Finalisation of buyback Dec 26, 2022 Mar 24, 2023
Last Date for settlment of bids Dec 27, 2022 Mar 27, 2023
Last Date for extinguishment of shares Jan 03, 2023 Apr 03, 2023

Financial Details and Other Relevent Information

Comparison of Garware Technical Fibres Buyback and Jagran Prakashan 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 Jagran Prakashan Ltd
Financial
Garware Technical Fibres Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20985.27140.53739.12717.24132.54
31-Mar-211069.24158.4811.11790.49101.81
31-Mar-221214.94164.78970.59949.9779.57
Amount in ₹ Crore
Jagran Prakashan Ltd Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202129.57280.91918.491862.25225.18
31-Mar-211341.278.311995.31939.67287.93
31-Mar-221682.68216.882137.422084.69296.62
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
Nov-2022 74.60 64.75 69.48
Oct-2022 69.10 63.25 65.76
Sep-2022 72.50 61.40 65.12
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
Nov-2022 74.90 63.10 69.47
Oct-2022 69.45 62.30 65.76
Sep-2022 73.70 60.70 65.16

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