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Marksans Pharma Buyback vs Techno Electric Buyback

Comparision between Marksans Pharma Buyback and Techno Electric Buyback.

Buyback Details

Marksans Pharma Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Techno Electric Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

  Marksans Pharma Ltd Techno Electric & Engineering Company Limited
Logo Marksans Pharma Buyback Logo Techno Electric Buyback Logo
Type of Buyback Open Market Through Stock Exchange Open Market Through Stock Exchange
Listing At BSE, NSE BSE, NSE
Face Value ₹1 per share ₹2 per share
Buyback Price ₹60 per share ₹325 per share
Issue Size
Issue Size (Amount) ₹60.00 Crores ₹130.00 Crores
Buyback Ratio
Registrar Bigshare Services Pvt Ltd Niche Technologies Pvt. Ltd
Lead Managers Sundae Capital Advisors
Necessity of the buyback

The buyback is being undertaken for the following reasons:

1. The Buyback will help the Company to return surplus cash to its shareholders.

2. The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by the reduction in the equity base of the Company, thereby leading to a long-term increase in shareholders' value.

The buyback is being undertaken for the following reason:

  1. The Buyback will help the Company to distribute surplus cash to its shareholders holding equity shares.
  2. The Buyback would help in improving return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders' value.
  3. The Buyback would help in optimizing the capital structure.

Buyback Timetable

Marksans Pharma Buyback and Techno Electric Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Marksans Pharma Buyback Buyback record date is . Techno Electric Buyback Buyback record date is .

  Marksans Pharma Ltd Techno Electric & Engineering Company Limited
Record Date
Offer Open Date Jul 15, 2022 Jul 20, 2022
Offer Closure Date Jan 14, 2023 Jan 19, 2023
Last date for receipt of tender forms
Finalisation of buyback
Last Date for settlment of bids
Last Date for extinguishment of shares

Financial Details and Other Relevent Information

Comparison of Marksans Pharma Buyback and Techno Electric Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Marksans Pharma Ltd Techno Electric & Engineering Company Limited
Financial
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Lakhs)
  31-Mar-22 31-Mar-21 31-Mar-20
Total Income 1,53,269.20 1,38,287.61 1,13,453.67
Profit After Tax 18,681.40 23,853.88 12,075.27
Net Worth 1,04,216.44 86,972.58 61,990.88
Reserves and Surplus 99,623.30 82,379.44 57,397.74
Techno Electric & Engineering Company Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-20922.68179.11480.251458.25
31-Mar-21956.08181.781596.011574.01
31-Mar-221219.15258.441814.681792.68
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jun-2022 48.10 38.70 44.28
May-2022 53.45 44.50 48.20
Apr-2022 62.35 45.55 55.56

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jun-2022 294.00 231.00 275.34
May-2022 314.95 251.50 284.35
Apr-2022 302.00 248.90 278.98
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jun-2022 48.10 38.60 44.15
May-2022 53.50 44.50 48.23
Apr-2022 62.40 45.50 56.03

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jun-2022 294.85 231.20 275.86
May-2022 314.90 250.85 284.63
Apr-2022 302.00 248.55 278.98

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