IIFL Securities Buyback vs Rane Brake Buyback

Comparison between IIFL Securities Buyback and Rane Brake Buyback.

Buyback Details

IIFL Securities Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Rane Brake Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

 IIFL Securities Ltd.Rane Brake Lining Ltd.
LogoIIFL Securities Buyback LogoRane Brake Buyback Logo
Type of BuybackOpen Market Through Stock ExchangeOpen Market Through Stock Exchange
Listing AtBSE, NSEBSE, NSE
Face Value₹2 per share₹10 per share
Buyback Price₹54 per share₹825 per share
Issue Size
Issue Size (Amount)₹90.00 Crores₹22.00 Crores
Buyback Ratio
RegistrarMUFG Intime India Pvt.Ltd.Integrated Registry Management Services Pvt.Ltd.
Lead ManagersKeynote Financial Services Ltd.Ambit Pvt.Ltd.
Necessity of the buyback

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.

The Buyback is undertaken by the company to:
(i) Reduce outstanding number of shares and consequently increase EPS assuming same profits are earned.
(ii) Effectively utilize available cash.
(iii) Improve key ratios like Return on Equity Capital.

Buyback Timetable

IIFL Securities Buyback and Rane Brake Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. IIFL Securities Buyback Buyback record date is . Rane Brake Buyback Buyback record date is .

 IIFL Securities Ltd.Rane Brake Lining Ltd.
Record Date
Offer Open DateDec 30, 2020Oct 27, 2020
Offer Closure DateJun 29, 2021Apr 26, 2021
Last date for receipt of tender forms
Finalisation of buyback
Last Date for settlment of bids
Last Date for extinguishment of shares

Financial Details and Other Relevent Information

Comparison of IIFL Securities Buyback and Rane Brake Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 IIFL Securities Ltd.Rane Brake Lining Ltd.
Financial
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
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Crores)
31-Mar-20 31-Mar-19 31-Mar-18
Revenue from operations 470.98 513.89 482.29
Profit After Tax 34.34 36.53 35.75
Net-worth 228.82 209.77 188.21
Stock price at BSE

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 BSE (in preceding 3 months)

Month High Price Low Price Average Price
Sep-2020 624.00 523.00 574.00
Aug-2020 670.00 514.00 574.00
Jul-2020 605.00 514.00 549.00
Stock price at NSE

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

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Sep-2020 625.00 521.00 574.00
Aug-2020 670.00 512.00 574.00
Jul-2020 605.00 517.00 549.00

Compare with others

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IIFL Securities Buyback and Rane Brake Buyback