Insecticides India Buyback vs Quick Heal Technologies Buyback

Comparison between Insecticides India Buyback and Quick Heal Technologies Buyback.

Buyback Details

Insecticides India Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Quick Heal Technologies Buyback is a Tender Offer proposed to list at BSE, NSE.

 Insecticides (India) Ltd.Quick Heal Technologies Ltd.
LogoInsecticides India Buyback LogoQuick Heal Technologies Buyback Logo
Type of BuybackOpen Market Through Stock ExchangeTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹10 per share₹10 per share
Buyback Price₹575 per share₹245 per share
Issue Size63,26,530 shares
Issue Size (Amount)₹60.00 Crores₹154.98 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 37 Equity Shares out of every 303 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 2 Equity Shares out of every 21 fully paid-up Equity Shares held on the Record Date.
RegistrarAlankit Assignments Ltd.MUFG Intime India Pvt.Ltd.
Lead ManagersJM Financial Ltd.Ambit Pvt.Ltd.
Necessity of the buyback

The Buy-back is being undertaken by the Company to:
i) Return surplus funds to the shareholders;
ii) Improve return on equity; and
iii) Improve earnings per share by reducing the equity base.

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

Buyback Timetable

Insecticides India Buyback and Quick Heal Technologies Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Insecticides India Buyback Buyback record date is . Quick Heal Technologies Buyback Buyback record date is May 03, 2021.

 Insecticides (India) Ltd.Quick Heal Technologies Ltd.
Record DateMay 03, 2021
Offer Open DateApr 12, 2021May 31, 2021
Offer Closure DateOct 11, 2021Jun 11, 2021
Last date for receipt of tender formsJun 15, 2021
Finalisation of buybackJun 21, 2021
Last Date for settlment of bidsJun 22, 2021
Last Date for extinguishment of sharesJun 29, 2021

Financial Details and Other Relevent Information

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

 Insecticides (India) Ltd.Quick Heal Technologies Ltd.
Financial
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Lakhs)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 136,578.51 119,425.31 110,963.53
Profit After Tax 8,604.06 12,240.67 8,397.36
Net Worth 73,225.47 66,143.27 54,387.14
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 3,147.45 3,454.03 3,460.97
Profit After Tax 736.39 839.64 788.78
Net Worth 6,482.13 7,948.92 7,371.32
Reserves and Surplus 5,840.10 7,243.12 6,667.44
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Mar-2021 508.00 405.00 457.06
Feb-2021 536.80 440.00 474.25
Jan-2021 522.35 421.50 481.37

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Mar-2021 216.00 152.05 183.08
Feb-2021 169.95 150.10 156.11
Jan-2021 179.60 156.00 167.88
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Mar-2021 509.50 405.10 456.75
Feb-2021 537.85 450.15 474.36
Jan-2021 523.00 449.60 481.26

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Mar-2021 215.95 152.00 183.10
Feb-2021 170.10 150.00 156.10
Jan-2021 179.65 155.50 167.91

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Insecticides India Buyback and Quick Heal Technologies Buyback