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International Conveyors Buyback vs Jagran Prakashan Buyback 2022

Comparision between International Conveyors Buyback and Jagran Prakashan Buyback 2022.

Buyback Details

International Conveyors Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Jagran Prakashan Buyback 2022 is a Tender Offer proposed to list at BSE, NSE.

  International Conveyors Limited Jagran Prakashan Ltd
Logo International Conveyors Buyback Logo Jagran Prakashan Buyback 2022 Logo
Type of Buyback Open Market Through Stock Exchange Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹1 per share ₹2 per share
Buyback Price ₹75 per share ₹75 per share
Issue Size 4,60,00,000 shares
Issue Size (Amount) ₹29.70 Crores ₹345.00 Crores
Buyback Ratio
Registrar Maheshwari Datamatics Pvt. Ltd Kfin Technologies Limited
Lead Managers Keynote Financial Services Ltd Ernst & Young Merchant Banking Services Llp
Necessity of the buyback

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.

The Buyback is being undertaken for the following reasons:

  • The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares.
  • The Buyback may help in improving return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders' value.

Buyback Timetable

International Conveyors Buyback and Jagran Prakashan Buyback 2022 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. International Conveyors Buyback Buyback record date is . Jagran Prakashan Buyback 2022 Buyback record date is Jan 06, 2023.

  International Conveyors Limited Jagran Prakashan Ltd
Record Date Jan 06, 2023
Offer Open Date Nov 03, 2022 Mar 02, 2023
Offer Closure Date May 03, 2023 Mar 16, 2023
Last date for receipt of tender forms Mar 18, 2023
Finalisation of buyback Mar 24, 2023
Last Date for settlment of bids Mar 27, 2023
Last Date for extinguishment of shares Apr 03, 2023

Financial Details and Other Relevent Information

Comparison of International Conveyors Buyback and Jagran Prakashan Buyback 2022 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  International Conveyors Limited Jagran Prakashan Ltd
Financial
International Conveyors Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxTotal Borrowing
31-Mar-21227.92178.2416.6245.51
31-Mar-22305.13218.7116.1819.31
Amount in ₹ Crore
Jagran Prakashan Ltd Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202129.57280.91918.491862.25225.18
31-Mar-211341.278.311995.31939.67287.93
31-Mar-221682.68216.882137.422084.69296.62
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Sep-2022 65.50 54.95 60.19
Aug-2022 61.70 57.15 58.68
Jul-2022 61.20 56.20 58.20

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 74.60 64.75 69.48
Oct-2022 69.10 63.25 65.76
Sep-2022 72.50 61.40 65.12
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Sep-2022 65.60 55.35 60.22
Aug-2022 61.70 57.30 58.72
Jul-2022 61.50 56.25 58.22

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 74.90 63.10 69.47
Oct-2022 69.45 62.30 65.76
Sep-2022 73.70 60.70 65.16

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