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Granules India Buyback vs SIS Limited Buyback

Comparision between Granules India Buyback and SIS Limited Buyback.

Buyback Details

Granules India Buyback is a Tender Offer buyback proposed to list at BSE while SIS Limited Buyback is a Tender Offer proposed to list at BSE.

  Granules India Limited SIS Limited
Logo Granules India Buyback Logo SIS Limited Buyback Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE BSE
Face Value ₹1 per share ₹5 per share
Buyback Price ₹400 per share ₹550 per share
Issue Size 62,50,000 shares 14,54,545 shares
Issue Size (Amount) ₹250.00 Crores ₹80.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 1 Equity Share out of every 20 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 19 Equity Shares out of every 821 Fully paid-up Equity Shares held on the Record Date.
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 11 Equity Share out of every 95 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 2 Equity Shares out of every 235 Fully paid-up Equity Shares held on the Record Date.
Registrar Kfin Technologies Limited Link Intime India Private Ltd
Lead Managers Motilal Oswal Investment Advisors Limited Edelweiss Financial Services 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 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 return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
  3. The Buyback may lead to a reduction in outstanding Equity Shares, improvement in earnings per equity share, and enhanced return on equity.

Buyback Timetable

Granules India Buyback and SIS Limited 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. SIS Limited Buyback Buyback record date is Aug 30, 2022.

  Granules India Limited SIS Limited
Record Date Aug 23, 2022 Aug 30, 2022
Offer Open Date Sep 27, 2022 Oct 04, 2022
Offer Closure Date Oct 11, 2022 Oct 18, 2022
Last date for receipt of tender forms Oct 11, 2022 Oct 27, 2022
Finalisation of buyback Oct 19, 2022 Oct 28, 2022
Last Date for settlment of bids Oct 20, 2022 Oct 31, 2022
Last Date for extinguishment of shares Oct 25, 2022 Nov 07, 2022

Financial Details and Other Relevent Information

Comparison of Granules India Buyback and SIS Limited 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 Limited SIS Limited
Financial
Granules India Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet Worth
31-Mar-202635.2335.41843.72
31-Mar-213264.42549.462173.27
31-Mar-223264.42549.462173.27
Amount in ₹ Crore
SIS Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-219605.1367.211830.761756.61
31-Mar-2210111.75325.932071.251997.74
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2022 313.25 269.05 295.66
Jun-2022 281.90 227.00 261.12
May-2022 285.00 232.15 260.33

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2022 477.00 438.25 452.71
Jun-2022 485.00 435.15 455.06
May-2022 510.20 451.00 480.75
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2022 313.30 268.90 295.71
Jun-2022 282.00 226.95 261.08
May-2022 285.00 232.10 260.37

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2022 480.60 435.50 452.79
Jun-2022 485.00 434.90 455.38
May-2022 510.85 451.00 481.12

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