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Mahalaxmi Rubtech Buyback vs Rsystems Buyback

Comparison between Mahalaxmi Rubtech Buyback and Rsystems Buyback.

Buyback Details

Mahalaxmi Rubtech Buyback is a Tender Offer buyback proposed to list at BSE while Rsystems Buyback is a Tender Offer proposed to list at BSE, NSE.

 Mahalaxmi Rubtech Ltd.R Systems International Ltd.
LogoMahalaxmi Rubtech Buyback LogoRsystems Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtBSEBSE, NSE
Face Value₹10 per share₹1 per share
Buyback Price₹70 per share₹225 per share
Issue Size27,00,000 shares13,33,000 shares
Issue Size (Amount)₹18.90 Crores₹29.99 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 25 Equity shares out of every 73 fully paid up Equity shares held on the Record date.
General Category for all other Eligible Shareholders 14 Equity shares out of every 71 fully paid up Equity shares held on the Record date.
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 1 Equity Shares out of every 14 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 1 Equity Shares out of every 103 fully paid-up Equity Shares held on the Record Date.
RegistrarCameo Corporate Services Ltd.MUFG Intime India Pvt.Ltd.
Lead ManagersSaffron Capital Advisors Pvt.Ltd.Motilal Oswal Investment Advisors Ltd.
Necessity of the buyback

The Buyback aims to :
ii) Give an option to shareholders to get cash in lieu of Equity Shares to be accepted under the Buyback or choose not to participate and enjoy a resultant increase in their percentage shareholding without additional investment.
iii) The Buyback will help in improving certain key financial ratios of the Company.

The Buyback aims to:
i) help the Company to distribute surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
ii) in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the Company.

Buyback Timetable

Mahalaxmi Rubtech Buyback and Rsystems Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Mahalaxmi Rubtech Buyback Buyback record date is Aug 27, 2021. Rsystems Buyback Buyback record date is Aug 27, 2021.

 Mahalaxmi Rubtech Ltd.R Systems International Ltd.
Record DateAug 27, 2021Aug 27, 2021
Offer Open DateSep 29, 2021Sep 20, 2021
Offer Closure DateOct 12, 2021Oct 01, 2021
Last date for receipt of tender formsOct 15, 2021Oct 01, 2021
Finalisation of buybackOct 22, 2021Oct 11, 2021
Last Date for settlment of bidsOct 25, 2021Oct 12, 2021
Last Date for extinguishment of sharesNov 01, 2021Oct 19, 2021

Financial Details and Other Relevent Information

Comparison of Mahalaxmi Rubtech Buyback and Rsystems Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Mahalaxmi Rubtech Ltd.R Systems International Ltd.
Financial
Summary of financial Information (Standalone)
Particulars For the year/period ended (Rs.in Millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 1,393.76 1,811.11 1,866.50
Profit After Tax 61.00 48.16 49.31
Net Worth 940.32 880.91 830.48
Reserves and Surplus 807.12 747.71 697.28
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Dec-20 31-Dec-19
Total Income 4,513.08 4,064.40
Profit After Tax 697.07 514.95
Net Worth 3,428.91 2,746.92
Reserves and Surplus 3,309.27 2,627.32
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2021 68.75 47.90 58.33
Jun-2021 51.35 48.25 49.80
May-2021 51.10 37.60 44.35

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2021 211.45 147.25 171.82
Jun-2021 167.00 130.00 143.13
May-2021 156.85 114.60 134.09
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2021 211.95 150.55 171.66
Jun-2021 167.00 130.45 143.06
May-2021 155.00 113.15 133.90

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Mahalaxmi Rubtech Ltd.R Systems International Ltd.
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