Comparison between Mindteck India Buyback and Suraj Limited Buyback.
Mindteck India Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Suraj Limited Buyback is a Tender Offer proposed to list at BSE.
| Mindteck (India) Ltd. | Suraj Ltd. | |||||||
|---|---|---|---|---|---|---|---|---|
| Logo |  |  | ||||||
| Type of Buyback | Open Market Through Stock Exchange | Tender Offer | ||||||
| Listing At | BSE, NSE | BSE | ||||||
| Face Value | ₹10 per share | ₹10 per share | ||||||
| Buyback Price | ₹180 per share | ₹77 per share | ||||||
| Issue Size | 9,00,000 shares | |||||||
| Issue Size (Amount) | ₹13.70 Crores | ₹6.93 Crores | ||||||
| Buyback Ratio |
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| Registrar | Universal Capital Securities Pvt.Ltd. | Bigshare Services Pvt.Ltd. | ||||||
| Lead Managers | Vivro Financial Services Pvt.Ltd. | Beeline Capital Advisors Pvt.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 Suraj 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 . Suraj Limited Buyback Buyback record date is Aug 20, 2022.
| Mindteck (India) Ltd. | Suraj Ltd. | |
|---|---|---|
| Record Date | Aug 20, 2022 | |
| Offer Open Date | Aug 24, 2022 | Sep 14, 2022 |
| Offer Closure Date | Jan 30, 2023 | Sep 27, 2022 |
| Last date for receipt of tender forms | Sep 27, 2022 | |
| Finalisation of buyback | Oct 06, 2022 | |
| Last Date for settlment of bids | Oct 07, 2022 | |
| Last Date for extinguishment of shares | Oct 14, 2022 |
Comparison of Mindteck India Buyback and Suraj 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) Ltd. | Suraj Ltd. | |||||||||||||||||||||||||||||||||||||||||
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| Stock price at BSE | 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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