Indian Toners & Developers Buyback vs NALCO Buyback

Comparison between Indian Toners & Developers Buyback and NALCO Buyback.

Buyback Details

Indian Toners & Developers Buyback is a Tender Offer buyback proposed to list at BSE while NALCO Buyback is a Tender Offer proposed to list at BSE, NSE.

 Indian Toners & Developers Ltd.National Aluminium Company Ltd.
LogoIndian Toners & Developers Buyback LogoNALCO Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtBSEBSE, NSE
Face Value₹10 per share₹5 per share
Buyback Price₹160 per share₹57.5 per share
Issue Size23,11,610 shares13,02,79,083 shares
Issue Size (Amount)₹36.99 Crores₹749.10 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 111 Equity Shares out of every 632 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 111 Equity Shares out of every 632 fully paid-up Equity Shares held on the Record Date.
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 23 Equity Shares out of every 195 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 37 Equity Shares out of every 568 Equity Shares held on the Record Date.
RegistrarAlankit Assignments Ltd.Kfin Technologies Ltd.
Lead ManagersCorporate Professionals Capital Pvt.Ltd.IDBI Capital Markets & Securities Ltd.
Necessity of the buyback

The Buyback is undertaken by the Company to:
i) Distribute surplus cash to the Equity shareholders.
ii) Improve financial ratios like earnings per share and return on equity, by reducing the equity base of the company.

The Buy-back is being undertaken by the Company to:
i) Optimize the capital structure; and
ii) Improve return on equity, by reduction in the equity base.

Buyback Timetable

Indian Toners & Developers Buyback and NALCO Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Indian Toners & Developers Buyback Buyback record date is Jan 15, 2021. NALCO Buyback Buyback record date is Feb 08, 2021.

 Indian Toners & Developers Ltd.National Aluminium Company Ltd.
Record DateJan 15, 2021Feb 08, 2021
Offer Open DateMar 04, 2021Feb 25, 2021
Offer Closure DateMar 18, 2021Mar 10, 2021
Last date for receipt of tender formsMar 22, 2021Mar 12, 2021
Finalisation of buybackMar 24, 2021Mar 16, 2021
Last Date for settlment of bidsMar 25, 2021Mar 17, 2021
Last Date for extinguishment of sharesApr 08, 2021Mar 19, 2021

Financial Details and Other Relevent Information

Comparison of Indian Toners & Developers Buyback and NALCO Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Indian Toners & Developers Ltd.National Aluminium Company Ltd.
Financial
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 980.64 1,219.71 1,192.35
Profit After Tax 121.94 204.15 242.23
Net Worth 1,844.21 1,798.63 1,644.31
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs in Crores)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 8,742.42 11,826.48 9,917.74
Profit After Tax 136.23 1,733.69 1,342.19
Net Worth 9,986.50 10,484.94 10,503.95
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2020 131.00 117.55 124.65
Nov-2020 137.50 107.25 124.69
Oct-2020 117.45 87.05 103.04

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2020 45.00 37.40 42.04
Nov-2020 40.20 29.95 34.63
Oct-2020 33.30 29.15 30.80
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2020 45.00 37.35 42.06
Nov-2020 40.20 29.95 34.63
Oct-2020 33.30 29.10 30.78

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Indian Toners & Developers Buyback and NALCO Buyback