Infobeans Technologies Buyback vs Tanla Platforms Buyback

Comparison between Infobeans Technologies Buyback and Tanla Platforms Buyback.

Buyback Details

Infobeans Technologies Buyback is a Tender Offer buyback proposed to list at NSE while Tanla Platforms Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

 Infobeans Technologies Ltd.Tanla Platforms Ltd.
LogoInfobeans Technologies Buyback LogoTanla Platforms Buyback Logo
Type of BuybackTender OfferOpen Market Through Stock Exchange
Listing AtNSEBSE, NSE
Face Value₹10 per share₹1 per share
Buyback Price₹232 per share₹1260 per share
Issue Size4,31,717 shares
Issue Size (Amount)₹10.02 Crores₹65.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 2 Equity Shares out of every 19 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 1 Equity Share out of every 64 Equity Shares held on the Record Date.
RegistrarMUFG Intime India Pvt.Ltd.Kfin Technologies Ltd.
Lead ManagersSarthi Capital Advisors Pvt.Ltd.HDFC Bank Ltd.
Necessity of the buyback

The Buyback aims to :
i) Distribute surplus cash to the shareholders and enhance overall return to the shareholders.
ii) Improve Return on Equity and thereby enhance shareholder value in the long term.

The Buyback aims to :
i) Return surplus cash to the shareholders.
ii) Improve Return on Equity and Earnings per share and thereby enhance shareholder value in the long term.

Buyback Timetable

Infobeans Technologies Buyback and Tanla Platforms Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Infobeans Technologies Buyback Buyback record date is May 07, 2021. Tanla Platforms Buyback Buyback record date is .

 Infobeans Technologies Ltd.Tanla Platforms Ltd.
Record DateMay 07, 2021
Offer Open DateJun 08, 2021Jul 29, 2021
Offer Closure DateJun 21, 2021Jan 28, 2022
Last date for receipt of tender formsJun 23, 2021
Finalisation of buybackJun 29, 2021
Last Date for settlment of bidsJun 30, 2021
Last Date for extinguishment of sharesJul 07, 2021

Financial Details and Other Relevent Information

Comparison of Infobeans Technologies Buyback and Tanla Platforms Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Infobeans Technologies Ltd.Tanla Platforms Ltd.
Financial
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 1,254.84 1,182.94 1,043.89
Profit After Tax 328.92 241.15 208.71
Net Worth 1,769.55 1,459.85 1,277.24
Reserves and Surplus 1,529.39 1,219.69 1,037.08
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 9,226.96 10,695.06 8,189.69
Profit After Tax 1,585.59 (1,989.21) 170.75
Net Worth 6,664.69 6,690.60 6,997.15
Reserves and Surplus 6,528.66 6,544.63 6,881.51
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jun-2021 927.00 735.00 834.80
May-2021 968.00 852.55 882.09
Apr-2021 986.65 821.55 906.72
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Mar-2021 157.95 135.30 146.01
Feb-2021 164.45 136.00 144.99
Jan-2021 160.50 139.00 148.49

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jun-2021 927.70 735.00 835.30
May-2021 968.80 852.90 882.67
Apr-2021 985.55 821.60 905.63

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