International Conveyors Buyback vs SP Apparels Buyback

Comparision 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 Limited

S.P. Apparels Ltd

Logo

Type of Buyback

Open Market Through Stock Exchange

Tender Offer

Listing At

BSE, NSE

Face Value

₹1 per share

₹10 per share

Buyback Price

₹75 per share

₹585 per share

Issue Size

6,00,000 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.

Registrar

Maheshwari Datamatics Pvt. Ltd

Link Intime India Private Ltd

Lead Managers

Keynote Financial Services Ltd

Motilal Oswal Investment Advisors 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 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 Limited	S.P. Apparels Ltd
Record Date		Oct 07, 2022
Offer Open Date	Nov 03, 2022	Nov 03, 2022
Offer Closure Date	May 03, 2023	Nov 17, 2022
Last date for receipt of tender forms		Nov 17, 2022
Finalisation of buyback		Nov 25, 2022
Last Date for settlment of bids		Nov 28, 2022
Last Date for extinguishment of shares		Dec 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 Limited

S.P. Apparels Ltd

Financial

International Conveyors Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Total Borrowing
31-Mar-21	227.92	178.24	16.62	45.51
31-Mar-22	305.13	218.71	16.18	19.31
Amount in ₹ Crore

S.P. Apparels Ltd Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	832.67	46.92	523.22	226.25
31-Mar-21	653.69	43.17	558.38	194.15
31-Mar-22	868.92	84.69	637.77	231.31
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

Compare with others

International Conveyors Limited	S.P. Apparels Ltd
Jagran Prakashan Buyback 2022	Dhanuka Agritech Buyback
Triveni Turbine Buyback	Kaveri Seed Buyback 2022
Dhanuka Agritech Buyback	Garware Technical Fibres Buyback
Kaveri Seed Buyback 2022	International Conveyors Buyback
Garware Technical Fibres Buyback	Infosys Buyback 2022
Infosys Buyback 2022	Shyam Century Ferrous Buyback
SP Apparels Buyback	Tanla Platforms Buyback 2022
Shyam Century Ferrous Buyback	Mindteck India Buyback
Tanla Platforms Buyback 2022	ACC Limited Buyback
Mindteck India Buyback	SIS Limited Buyback

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