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Kaveri Seed Buyback 2022 vs SP Apparels Buyback

Comparision between Kaveri Seed Buyback 2022 and SP Apparels Buyback.

Buyback Details

Kaveri Seed Buyback 2022 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.

  Kaveri Seed Company Ltd S.P. Apparels Ltd
Logo Kaveri Seed Buyback 2022 Logo SP Apparels Buyback Logo
Type of Buyback Open Market Through Stock Exchange Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹2 per share ₹10 per share
Buyback Price ₹700 per share ₹585 per share
Issue Size 6,00,000 shares
Issue Size (Amount) ₹125.65 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 Bigshare Services Pvt Ltd Link Intime India Private Ltd
Lead Managers Bajaj Capital Limited Motilal Oswal Investment Advisors Limited
Necessity of the buyback

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.

2. The Company believes that the Buy-back will improve return on equity, by reducing in equity base, thereby leading to a long-term increase in the value of shareholders.

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

    Kaveri Seed Buyback 2022 and SP Apparels Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Kaveri Seed Buyback 2022 Buyback record date is . SP Apparels Buyback Buyback record date is Oct 07, 2022.

      Kaveri Seed Company Ltd S.P. Apparels Ltd
    Record Date Oct 07, 2022
    Offer Open Date Nov 07, 2022 Nov 03, 2022
    Offer Closure Date Dec 27, 2022 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 Kaveri Seed Buyback 2022 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.

      Kaveri Seed Company Ltd S.P. Apparels Ltd
    Financial
    Kaveri Seed Company Ltd Financial Information (Restated)
    Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
    31-Mar-211961.861082.05311.211294.281282.62
    31-Mar-221880.051011.26212.81262.071250.01
    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 498.00 422.55 456.33
    Aug-2022 496.95 454.50 474.15
    Jul-2022 514.65 477.50 496.27

    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 483.95 422.85 457.71
    Aug-2022 497.35 454.55 473.36
    Jul-2022 514.95 477.65 495.33

    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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