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

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:

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.
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.
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 Ended	Total Revenue	Profit After Tax	Net Worth
31-Mar-20	277.88	-64.8	129.63
31-Mar-21	291.27	10.86	139.85
31-Mar-22	303.85	33.31	175.5
Amount in ₹ Crore

SIS Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-21	9605.1	367.21	1830.76	1756.61
31-Mar-22	10111.75	325.93	2071.25	1997.74
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

Compare with others

Mindteck (India) Limited	SIS Limited
International Conveyors Buyback	SP Apparels Buyback
Infosys Buyback 2022	Shyam Century Ferrous Buyback
SP Apparels Buyback	Tanla Platforms Buyback 2022
Shyam Century Ferrous Buyback	Mindteck India Buyback
Tanla Platforms Buyback 2022	ACC Limited Buyback
ACC Limited Buyback	TCI Express Buyback
SIS Limited Buyback	Granules India Buyback
TCI Express Buyback	Suraj Limited Buyback
Granules India Buyback	Quick Heal Technologies Buyback 2022
Suraj Limited Buyback	CARE Ratings Buyback

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