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Mindteck India Buyback vs SP Apparels Buyback

Comparision between Mindteck India Buyback and SP Apparels Buyback.

Buyback Details

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

  Mindteck (India) Limited S.P. Apparels Ltd
Logo Mindteck India Buyback Logo SP Apparels Buyback Logo
Type of Buyback Open Market Through Stock Exchange Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹10 per share ₹10 per share
Buyback Price ₹180 per share ₹585 per share
Issue Size 6,00,000 shares
Issue Size (Amount) ₹13.70 Crores ₹35.10 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 2 Equity Share out of every 27 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 1 Equity Shares out of every 48 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 Motilal Oswal Investment Advisors Limited
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 distribute surplus cash to its shareholders holding Equity Shares thereby, enhancing the overall return to shareholders.
  • The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by a reduction in the equity base of the Company, thereby leading to a long term increase in shareholders' value.
  • Buyback Timetable

    Mindteck India Buyback and SP Apparels 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 . SP Apparels Buyback Buyback record date is Oct 07, 2022.

      Mindteck (India) Limited S.P. Apparels Ltd
    Record Date Oct 07, 2022
    Offer Open Date Aug 24, 2022 Nov 03, 2022
    Offer Closure Date Jan 30, 2023 Nov 17, 2022
    Last date for receipt of tender forms Nov 17, 2022
    Finalisation of buyback Nov 25, 2022
    Last Date for settlment of bids Nov 28, 2022
    Last Date for extinguishment of shares Dec 05, 2022

    Financial Details and Other Relevent Information

    Comparison of Mindteck India Buyback and SP Apparels 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 S.P. Apparels Ltd
    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
    S.P. Apparels Ltd Financial Information (Restated)
    Period EndedTotal RevenueProfit After TaxNet WorthTotal Borrowing
    31-Mar-20832.6746.92523.22226.25
    31-Mar-21653.6943.17558.38194.15
    31-Mar-22868.9284.69637.77231.31
    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
    Aug-2022 463.50 376.10 428.72
    Jul-2022 414.00 359.40 377.24
    Jun-2022 397.50 326.00 359.89
    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
    Aug-2022 463.75 375.30 428.64
    Jul-2022 414.90 360.00 377.40
    Jun-2022 398.00 326.05 359.84

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