International Conveyors Buyback vs Tanla Platforms Buyback 2022

Comparision between International Conveyors Buyback and Tanla Platforms Buyback 2022.

Buyback Details

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

International Conveyors Limited

Tanla Platforms Limited

Logo

Type of Buyback

Open Market Through Stock Exchange

Tender Offer

Listing At

BSE, NSE

Face Value

₹1 per share

Buyback Price

₹75 per share

₹1200 per share

Issue Size

14,16,667 shares

Issue Size (Amount)

₹29.70 Crores

₹170.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	17 Equity Share out of every 625 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	11 Equity Shares out of every 1169 Fully paid-up Equity Shares held on the Record Date.

Registrar

Maheshwari Datamatics Pvt. Ltd

Kfin Technologies Limited

Lead Managers

Keynote Financial Services Ltd

Hdfc Bank 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 return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
The Buyback may help in improving return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders' value.

Buyback Timetable

International Conveyors Buyback and Tanla Platforms 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 . Tanla Platforms Buyback 2022 Buyback record date is Oct 25, 2022.

	International Conveyors Limited	Tanla Platforms Limited
Record Date		Oct 25, 2022
Offer Open Date	Nov 03, 2022	Dec 20, 2022
Offer Closure Date	May 03, 2023	Jan 02, 2023
Last date for receipt of tender forms		Jan 02, 2023
Finalisation of buyback		Jan 10, 2023
Last Date for settlment of bids		Jan 11, 2023
Last Date for extinguishment of shares		Jan 18, 2023

Financial Details and Other Relevent Information

Comparison of International Conveyors Buyback and Tanla Platforms 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

Tanla Platforms Limited

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

Tanla Platforms Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	1955.2	-211.17	701.73	687.14
31-Mar-21	2363.4	356.14	893.1	879.5
31-Mar-22	3222.1	539.28	1354.04	1340.47
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
Apr-2022	1638.20	1402.80	1501.19
May-2022	1503.65	1144.00	1278.79
Jun-2022	1447.00	938.50	1155.91

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
Apr-2022	893.80	710.20	779.44
May-2022	825.00	684.00	736.80
Jun-2022	1025.00	584.50	915.73

Compare with others

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

Comments

Add a public comment...