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Comparision between Garware Technical Fibres Buyback and International Conveyors Buyback.
Garware Technical Fibres Buyback is a Tender Offer buyback proposed to list at BSE, NSE while International Conveyors Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.
| Garware Technical Fibres Limited | International Conveyors Limited | |||||||
|---|---|---|---|---|---|---|---|---|
| Logo |  |
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| Type of Buyback | Tender Offer | Open Market Through Stock Exchange | ||||||
| Listing At | BSE, NSE | BSE, NSE | ||||||
| Face Value | ₹10 per share | ₹1 per share | ||||||
| Buyback Price | ₹3750 per share | ₹75 per share | ||||||
| Issue Size | 2,40,000 shares | |||||||
| Issue Size (Amount) | ₹90.00 Crores | ₹29.70 Crores | ||||||
| Buyback Ratio |
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| Registrar | Link Intime India Private Ltd | Maheshwari Datamatics Pvt. Ltd | ||||||
| Lead Managers | Ambit Private Limited | Keynote Financial Services Ltd | ||||||
| Necessity of the buyback | The Buyback is being undertaken, inter-alia, for the following reasons: 1. The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders. 2. The Buyback may help in improving the Company's return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders' value. |
The Buyback is being undertaken for the following reasons: The Board of Directors of the Company is of the view that the Buyback will help the Company effectively utilize its available surplus funds, which is in excess of the amount needed to be retained by the Company for the future growth. |
Garware Technical Fibres Buyback and International Conveyors Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Garware Technical Fibres Buyback Buyback record date is Nov 04, 2022. International Conveyors Buyback Buyback record date is .
| Garware Technical Fibres Limited | International Conveyors Limited | |
|---|---|---|
| Record Date | Nov 04, 2022 | |
| Offer Open Date | Dec 05, 2022 | Nov 03, 2022 |
| Offer Closure Date | Dec 16, 2022 | May 03, 2023 |
| Last date for receipt of tender forms | Dec 16, 2022 | |
| Finalisation of buyback | Dec 26, 2022 | |
| Last Date for settlment of bids | Dec 27, 2022 | |
| Last Date for extinguishment of shares | Jan 03, 2023 |
Comparison of Garware Technical Fibres Buyback and International Conveyors 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 Limited | International Conveyors Limited | |||||||||||||||||||||||||||||||||||||||||||||||||||
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| Stock price at BSE | Stock price at BSE (in preceding 3 months)
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Stock price at BSE (in preceding 3 months)
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| Stock price at NSE | Stock price at NSE (in preceding 3 months)
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Stock price at NSE (in preceding 3 months)
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