Comparison between Granules India Buyback and Mindteck India Buyback.
Granules India Buyback is a Tender Offer buyback proposed to list at BSE while Mindteck India Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.
| Granules India Ltd. | Mindteck (India) Ltd. | |||||||
|---|---|---|---|---|---|---|---|---|
| Logo |  |  | ||||||
| Type of Buyback | Tender Offer | Open Market Through Stock Exchange | ||||||
| Listing At | BSE | BSE, NSE | ||||||
| Face Value | ₹1 per share | ₹10 per share | ||||||
| Buyback Price | ₹400 per share | ₹180 per share | ||||||
| Issue Size | 62,50,000 shares | |||||||
| Issue Size (Amount) | ₹250.00 Crores | ₹13.70 Crores | ||||||
| Buyback Ratio |
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| Registrar | Kfin Technologies Ltd. | Universal Capital Securities Pvt.Ltd. | ||||||
| Lead Managers | Motilal Oswal Investment Advisors Ltd. | Vivro Financial Services Pvt.Ltd. | ||||||
| Necessity of the buyback | The buyback is being undertaken for the following reasons: 1. The Buyback will help the Company to distribute surplus cash to its members holding Equity Shares thereby enhancing the overall return for them. 2. The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by the reduction in the equity base of the Company, thereby leading to a long-term increase in shareholders' value. | The buyback is being undertaken for the following reason: 1. The Buy-back is being undertaken by the Company to return surplus funds to the equity shareholders of the Company. Additionally, the Company believes that the Buy-back will improve earnings per share by reduction in the equity base, thereby leading to long-term increase in the value of shareholders. |
Granules India Buyback and Mindteck India Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Granules India Buyback Buyback record date is Aug 23, 2022. Mindteck India Buyback Buyback record date is .
| Granules India Ltd. | Mindteck (India) Ltd. | |
|---|---|---|
| Record Date | Aug 23, 2022 | |
| Offer Open Date | Sep 27, 2022 | Aug 24, 2022 |
| Offer Closure Date | Oct 11, 2022 | Jan 30, 2023 |
| Last date for receipt of tender forms | Oct 11, 2022 | |
| Finalisation of buyback | Oct 19, 2022 | |
| Last Date for settlment of bids | Oct 20, 2022 | |
| Last Date for extinguishment of shares | Oct 25, 2022 |
Comparison of Granules India Buyback and Mindteck India Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.
| Granules India Ltd. | Mindteck (India) Ltd. | |||||||||||||||||||||||||||||||||||||||||
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| Stock price at BSE | Stock price at BSE (in preceding 3 months)
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| Stock price at NSE | Stock price at NSE (in preceding 3 months)
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