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Comparision between Mindteck India Buyback and SIS Limited Buyback.
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 | |||||||
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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 |
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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:
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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 | |
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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 |
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 | |||||||||||||||||||||||||||||||||||||||||
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Stock price at BSE | Stock price at BSE (in preceding 3 months)
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Stock price at BSE (in preceding 3 months)
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Stock price at NSE | Stock price at NSE (in preceding 3 months)
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Stock price at NSE (in preceding 3 months)
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