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Garware Technical Buyback vs IIFL Securities Buyback

Comparison between Garware Technical Buyback and IIFL Securities Buyback.

Buyback Details

Garware Technical Buyback is a Tender Offer buyback proposed to list at BSE, NSE while IIFL Securities Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

 Garware Technical Fibres LtdIIFL Securities Ltd.
LogoGarware Technical Buyback LogoIIFL Securities Buyback Logo
Type of BuybackTender OfferOpen Market Through Stock Exchange
Listing AtBSE, NSEBSE, NSE
Face Value₹10 per share₹2 per share
Buyback Price₹2300 per share₹54 per share
Issue Size3,17,391 shares
Issue Size (Amount)₹73.00 Crores₹90.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 5 Equity Shares out of every 38 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 4 Equity Shares out of every 305 Equity Shares held on the Record Date.
RegistrarMUFG Intime India Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Lead ManagersAmbit Pvt.Ltd.Keynote Financial Services Ltd.
Necessity of the buyback

The Buyback is being undertaken by the company to return the surplus cash to the shareholders in an effective and efficient manner.

The Buyback is undertaken by the Company:
i) To help effectively utilize its available surplus cash.
ii) To enhance overall long term shareholder's value.

Buyback Timetable

Garware Technical Buyback and IIFL Securities Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Garware Technical Buyback Buyback record date is Dec 11, 2020. IIFL Securities Buyback Buyback record date is .

 Garware Technical Fibres LtdIIFL Securities Ltd.
Record DateDec 11, 2020
Offer Open DateJan 19, 2021Dec 30, 2020
Offer Closure DateFeb 02, 2021Jun 29, 2021
Last date for receipt of tender formsFeb 04, 2021
Finalisation of buybackFeb 10, 2021
Last Date for settlment of bidsFeb 11, 2021
Last Date for extinguishment of sharesFeb 18, 2021

Financial Details and Other Relevent Information

Comparison of Garware Technical Buyback and IIFL Securities 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 LtdIIFL Securities Ltd.
Financial
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs in Million)
31-Mar-20 31-Mar-19 31-Mar-18
Total Revenue 9,852.74 10,389.01 9,034.25
Profit After Tax 140.51 1,256.80 1,051.73
Reserves and Surplus 7,172.40 6,284.64 5,184.77
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Crores)
31-Mar-20 31-Mar-19 31-Mar-18
Total Revenue 789.94 875.57 947.19
Profit After Tax 233.94 171.43 180.57
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2020 2298.00 1814.00 2055.00
Oct-2020 2250.00 1837.00 2032.00
Sep-2020 2204.00 1737.00 1960.00

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2020 47.00 37.00 42.00
Oct-2020 44.00 36.00 39.00
Sep-2020 46.00 36.00 39.00
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2020 2300.00 1812.00 2063.00
Oct-2020 2250.00 1835.00 2032.00
Sep-2020 2205.00 1751.00 1961.00

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2020 47.00 39.00 42.00
Oct-2020 44.00 37.00 39.00
Sep-2020 46.00 36.00 39.00

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Compare:

Garware Technical Buyback and IIFL Securities Buyback