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K.P.R Mill Buyback vs Pennar Industries Buyback

Comparison between K.P.R Mill Buyback and Pennar Industries Buyback.

Buyback Details

K.P.R Mill Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Pennar Industries Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

 K.P.R. Mill Ltd.Pennar Industries Ltd.
LogoK.P.R Mill Buyback LogoPennar Industries Buyback Logo
Type of BuybackTender OfferOpen Market Through Stock Exchange
Listing AtBSE, NSEBSE, NSE
Face Value₹1 per share₹5 per share
Buyback Price₹805 per share₹50 per share
Issue Size22,36,000 shares
Issue Size (Amount)₹180.00 Crores₹40.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 1 Equity Share out of every 16 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 5 Equity Share out of every 891 Fully paid-up Equity Shares held on the Record Date.
RegistrarKfin Technologies Ltd.Kfin Technologies Ltd.
Lead ManagersIDBI Capital Markets & Securities Ltd.Finshore Management Services Ltd.
Necessity of the buyback

The Buyback aims to :
i) Return surplus cash to its Shareholders.
ii) Optimize the capital structure.
iii) Improve key return ratios like return on equity capital.

The buyback aims to utilize the net proceeds towards the following objectives:

  • To increase the earnings per share (EPS) over a period of time.
  • To effectively utilize available cash, and
  • To improve key return ratios like return on net worth, return on assets, etc.

Buyback Timetable

K.P.R Mill Buyback and Pennar Industries Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. K.P.R Mill Buyback Buyback record date is Feb 19, 2022. Pennar Industries Buyback Buyback record date is .

 K.P.R. Mill Ltd.Pennar Industries Ltd.
Record DateFeb 19, 2022
Offer Open DateMar 25, 2022Mar 23, 2022
Offer Closure DateApr 07, 2022Sep 22, 2022
Last date for receipt of tender formsApr 09, 2022
Finalisation of buybackApr 18, 2022
Last Date for settlment of bidsApr 19, 2022
Last Date for extinguishment of sharesApr 26, 2022

Financial Details and Other Relevent Information

Comparison of K.P.R Mill Buyback and Pennar Industries Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 K.P.R. Mill Ltd.Pennar Industries Ltd.
Financial
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Crores)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 2,991.60 2,934.53 3,015.90
Profit After Tax 432.62 294.61 289.11
Net Worth 1,906.54 1,504.88 1,511.20
Reserves and Surplus 1,872.13 1,470.47 1,474.92
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 15,440.10 21,268.30 21,598.50
Profit After Tax 28.40 534.00 666.60
Net Worth 6,958.30 7,003.30 6,674.90
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2022 771.80 605.30 709.35
Dec-2021 699.20 502.85 581.87
Nov-2021 548.40 446.00 508.67

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2022 45.85 31.85 39.85
Jan-2022 45.75 34.00 38.69
Dec-2021 35.85 27.65 31.21
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2022 769.00 606.25 709.22
Dec-2021 699.00 503.25 581.71
Nov-2021 548.00 445.60 508.56

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2022 45.75 31.70 39.87
Jan-2022 45.85 33.95 38.69
Dec-2021 35.95 27.80 31.21

Compare with others

K.P.R. Mill Ltd.Pennar Industries Ltd.
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Compare:

K.P.R Mill Buyback and Pennar Industries Buyback