Garware Technical Fibres Buyback vs Tanla Platforms Buyback 2022

Comparision between Garware Technical Fibres Buyback and Tanla Platforms Buyback 2022.

Buyback Details

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

Garware Technical Fibres Limited

Tanla Platforms Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

₹1 per share

Buyback Price

₹3750 per share

₹1200 per share

Issue Size

2,40,000 shares

14,16,667 shares

Issue Size (Amount)

₹90.00 Crores

₹170.00 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.

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	17 Equity Share out of every 625 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	11 Equity Shares out of every 1169 Fully paid-up Equity Shares held on the Record Date.

Registrar

Link Intime India Private Ltd

Kfin Technologies Limited

Lead Managers

Ambit Private Limited

Hdfc Bank 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 return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
The Buyback may help in improving return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders' value.

Buyback Timetable

Garware Technical Fibres Buyback and Tanla Platforms 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. Tanla Platforms Buyback 2022 Buyback record date is Oct 25, 2022.

	Garware Technical Fibres Limited	Tanla Platforms Limited
Record Date	Nov 04, 2022	Oct 25, 2022
Offer Open Date	Dec 05, 2022	Dec 20, 2022
Offer Closure Date	Dec 16, 2022	Jan 02, 2023
Last date for receipt of tender forms	Dec 16, 2022	Jan 02, 2023
Finalisation of buyback	Dec 26, 2022	Jan 10, 2023
Last Date for settlment of bids	Dec 27, 2022	Jan 11, 2023
Last Date for extinguishment of shares	Jan 03, 2023	Jan 18, 2023

Financial Details and Other Relevent Information

Comparison of Garware Technical Fibres Buyback and Tanla Platforms 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

Tanla Platforms 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

Tanla Platforms Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	1955.2	-211.17	701.73	687.14
31-Mar-21	2363.4	356.14	893.1	879.5
31-Mar-22	3222.1	539.28	1354.04	1340.47
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
Apr-2022	1638.20	1402.80	1501.19
May-2022	1503.65	1144.00	1278.79
Jun-2022	1447.00	938.50	1155.91

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
Apr-2022	893.80	710.20	779.44
May-2022	825.00	684.00	736.80
Jun-2022	1025.00	584.50	915.73

Compare with others

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

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