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Mindteck India Buyback vs SIS Limited Buyback

Comparision between Mindteck India Buyback and SIS Limited Buyback.

Buyback Details

Mindteck India Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while SIS Limited Buyback is a Tender Offer proposed to list at BSE.

  Mindteck (India) Limited SIS Limited
Logo Mindteck India Buyback Logo SIS Limited Buyback Logo
Type of Buyback Open Market Through Stock Exchange Tender Offer
Listing At BSE, NSE BSE
Face Value ₹10 per share ₹5 per share
Buyback Price ₹180 per share ₹550 per share
Issue Size 14,54,545 shares
Issue Size (Amount) ₹13.70 Crores ₹80.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 11 Equity Share out of every 95 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 2 Equity Shares out of every 235 Fully paid-up Equity Shares held on the Record Date.
Registrar Universal Capital Securities Pvt. Ltd Link Intime India Private Ltd
Lead Managers Vivro Financial Services Private Limited Edelweiss Financial Services Ltd
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. Additionally, the Company believes that the Buy-back will improve earnings per share by reduction in the equity base, thereby leading to long-term increase in the value of shareholders.

The Buyback is being undertaken for the following reasons:

  1. 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.
  2. 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.
  3. The Buyback may lead to a reduction in outstanding Equity Shares, improvement in earnings per equity share, and enhanced return on equity.

Buyback Timetable

Mindteck India Buyback and SIS Limited Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Mindteck India Buyback Buyback record date is . SIS Limited Buyback Buyback record date is Aug 30, 2022.

  Mindteck (India) Limited SIS Limited
Record Date Aug 30, 2022
Offer Open Date Aug 24, 2022 Oct 04, 2022
Offer Closure Date Jan 30, 2023 Oct 18, 2022
Last date for receipt of tender forms Oct 27, 2022
Finalisation of buyback Oct 28, 2022
Last Date for settlment of bids Oct 31, 2022
Last Date for extinguishment of shares Nov 07, 2022

Financial Details and Other Relevent Information

Comparison of Mindteck India Buyback and SIS Limited Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Mindteck (India) Limited SIS Limited
Financial
Mindteck (India) Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet Worth
31-Mar-20277.88-64.8129.63
31-Mar-21291.2710.86139.85
31-Mar-22303.8533.31175.5
Amount in ₹ Crore
SIS Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-219605.1367.211830.761756.61
31-Mar-2210111.75325.932071.251997.74
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2022 146.20 101.55 120.92
Jun-2022 129.90 96.30 112.22
May-2022 156.25 111.25 135.18

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2022 477.00 438.25 452.71
Jun-2022 485.00 435.15 455.06
May-2022 510.20 451.00 480.75
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2022 145.60 101.25 120.80
Jun-2022 128.70 95.50 112.20
May-2022 156.00 111.00 134.99

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2022 480.60 435.50 452.79
Jun-2022 485.00 434.90 455.38
May-2022 510.85 451.00 481.12

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