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International Conveyors Buyback vs SP Apparels Buyback

Comparison between International Conveyors Buyback and SP Apparels Buyback.

Buyback Details

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

 International Conveyors Ltd.S.P. Apparels Ltd
LogoInternational Conveyors Buyback LogoSP Apparels Buyback Logo
Type of BuybackOpen Market Through Stock ExchangeTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹1 per share₹10 per share
Buyback Price₹75 per share₹585 per share
Issue Size6,00,000 shares
Issue Size (Amount)₹29.70 Crores₹35.10 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 2 Equity Share out of every 27 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 1 Equity Shares out of every 48 Fully paid-up Equity Shares held on the Record Date.
RegistrarMaheshwari Datamatics Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Lead ManagersKeynote Financial Services Ltd.Motilal Oswal Investment Advisors Ltd.
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 distribute surplus cash to its shareholders holding Equity Shares thereby, enhancing the overall return to shareholders.
  • The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by a reduction in the equity base of the Company, thereby leading to a long term increase in shareholders' value.

    • Buyback Timetable

    International Conveyors Buyback and SP Apparels 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 . SP Apparels Buyback Buyback record date is Oct 07, 2022.

     International Conveyors Ltd.S.P. Apparels Ltd
    Record DateOct 07, 2022
    Offer Open DateNov 03, 2022Nov 03, 2022
    Offer Closure DateMay 03, 2023Nov 17, 2022
    Last date for receipt of tender formsNov 17, 2022
    Finalisation of buybackNov 25, 2022
    Last Date for settlment of bidsNov 28, 2022
    Last Date for extinguishment of sharesDec 05, 2022

    Financial Details and Other Relevent Information

    Comparison of International Conveyors Buyback and SP Apparels 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 Ltd.S.P. Apparels 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
    S.P. Apparels Ltd Financial Information (Restated)
    Period EndedTotal RevenueProfit After TaxNet WorthTotal Borrowing
    31-Mar-20832.6746.92523.22226.25
    31-Mar-21653.6943.17558.38194.15
    31-Mar-22868.9284.69637.77231.31
    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
    Aug-2022 463.50 376.10 428.72
    Jul-2022 414.00 359.40 377.24
    Jun-2022 397.50 326.00 359.89
    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
    Aug-2022 463.75 375.30 428.64
    Jul-2022 414.90 360.00 377.40
    Jun-2022 398.00 326.05 359.84

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