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International Conveyors Buyback vs Mindteck India Buyback

Comparision between International Conveyors Buyback and Mindteck India Buyback.

Buyback Details

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

  International Conveyors Limited Mindteck (India) Limited
Logo International Conveyors Buyback Logo Mindteck India Buyback 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 ₹10 per share
Buyback Price ₹75 per share ₹180 per share
Issue Size
Issue Size (Amount) ₹29.70 Crores ₹13.70 Crores
Buyback Ratio
Registrar Maheshwari Datamatics Pvt. Ltd Universal Capital Securities Pvt. Ltd
Lead Managers Keynote Financial Services Ltd Vivro Financial Services Private 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. Additionally, the Company believes that the Buy-back will improve earnings per share by reduction in the equity base, thereby leading to long-term increase in the value of shareholders.

Buyback Timetable

International Conveyors Buyback and Mindteck India Buyback 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 . Mindteck India Buyback Buyback record date is .

  International Conveyors Limited Mindteck (India) Limited
Record Date
Offer Open Date Nov 03, 2022 Aug 24, 2022
Offer Closure Date May 03, 2023 Jan 30, 2023
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 Mindteck India Buyback 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 Mindteck (India) Limited
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
Mindteck (India) Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet Worth
31-Mar-20277.88-64.8129.63
31-Mar-21291.2710.86139.85
31-Mar-22303.8533.31175.5
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
Jul-2022 146.20 101.55 120.92
Jun-2022 129.90 96.30 112.22
May-2022 156.25 111.25 135.18
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
Jul-2022 145.60 101.25 120.80
Jun-2022 128.70 95.50 112.20
May-2022 156.00 111.00 134.99

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