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International Conveyors Buyback vs Kaveri Seed Buyback 2022

Comparision between International Conveyors Buyback and Kaveri Seed Buyback 2022.

Buyback Details

International Conveyors Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Kaveri Seed Buyback 2022 is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

  International Conveyors Limited Kaveri Seed Company Ltd
Logo International Conveyors Buyback Logo Kaveri Seed Buyback 2022 Logo
Type of Buyback Open Market Through Stock Exchange Open Market Through Stock Exchange
Listing At BSE, NSE BSE, NSE
Face Value ₹1 per share ₹2 per share
Buyback Price ₹75 per share ₹700 per share
Issue Size
Issue Size (Amount) ₹29.70 Crores ₹125.65 Crores
Buyback Ratio
Registrar Maheshwari Datamatics Pvt. Ltd Bigshare Services Pvt Ltd
Lead Managers Keynote Financial Services Ltd Bajaj Capital Limited
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 reason:

1. The Buy-back is being undertaken by the Company to return surplus funds to the equity shareholders of the Company.

2. The Company believes that the Buy-back will improve return on equity, by reducing in equity base, thereby leading to a long-term increase in the value of shareholders.

Buyback Timetable

International Conveyors Buyback and Kaveri Seed 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 . Kaveri Seed Buyback 2022 Buyback record date is .

  International Conveyors Limited Kaveri Seed Company Ltd
Record Date
Offer Open Date Nov 03, 2022 Nov 07, 2022
Offer Closure Date May 03, 2023 Dec 27, 2022
Last date for receipt of tender forms
Finalisation of buyback
Last Date for settlment of bids
Last Date for extinguishment of shares

Financial Details and Other Relevent Information

Comparison of International Conveyors Buyback and Kaveri Seed 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 Kaveri Seed Company 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
Kaveri Seed Company Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-211961.861082.05311.211294.281282.62
31-Mar-221880.051011.26212.81262.071250.01
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
Sep-2022 498.00 422.55 456.33
Aug-2022 496.95 454.50 474.15
Jul-2022 514.65 477.50 496.27
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
Sep-2022 483.95 422.85 457.71
Aug-2022 497.35 454.55 473.36
Jul-2022 514.95 477.65 495.33

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