Garware Technical Fibres Buyback vs SP Apparels Buyback

Comparision between Garware Technical Fibres Buyback and SP Apparels Buyback.

Buyback Details

Garware Technical Fibres Buyback is a Tender Offer buyback proposed to list at BSE, NSE while SP Apparels Buyback is a Tender Offer proposed to list at BSE, NSE.

Garware Technical Fibres Limited

S.P. Apparels Ltd

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

Buyback Price

₹3750 per share

₹585 per share

Issue Size

2,40,000 shares

6,00,000 shares

Issue Size (Amount)

₹90.00 Crores

₹35.10 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.

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	2 Equity Share out of every 27 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	1 Equity Shares out of every 48 Fully paid-up Equity Shares held on the Record Date.

Registrar

Link Intime India Private Ltd

Lead Managers

Ambit Private Limited

Motilal Oswal Investment Advisors 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:

The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares thereby, enhancing the overall return to shareholders.

The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by a reduction in the equity base of the Company, thereby leading to a long term increase in shareholders' value.

Buyback Timetable

Garware Technical Fibres Buyback and SP Apparels Buyback 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. SP Apparels Buyback Buyback record date is Oct 07, 2022.

	Garware Technical Fibres Limited	S.P. Apparels Ltd
Record Date	Nov 04, 2022	Oct 07, 2022
Offer Open Date	Dec 05, 2022	Nov 03, 2022
Offer Closure Date	Dec 16, 2022	Nov 17, 2022
Last date for receipt of tender forms	Dec 16, 2022	Nov 17, 2022
Finalisation of buyback	Dec 26, 2022	Nov 25, 2022
Last Date for settlment of bids	Dec 27, 2022	Nov 28, 2022
Last Date for extinguishment of shares	Jan 03, 2023	Dec 05, 2022

Financial Details and Other Relevent Information

Comparison of Garware Technical Fibres Buyback and SP Apparels Buyback 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

S.P. Apparels Ltd

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

S.P. Apparels Ltd Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	832.67	46.92	523.22	226.25
31-Mar-21	653.69	43.17	558.38	194.15
31-Mar-22	868.92	84.69	637.77	231.31
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
Aug-2022	463.50	376.10	428.72
Jul-2022	414.00	359.40	377.24
Jun-2022	397.50	326.00	359.89

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
Aug-2022	463.75	375.30	428.64
Jul-2022	414.90	360.00	377.40
Jun-2022	398.00	326.05	359.84

Compare with others

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

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