Mindteck India Buyback vs Tanla Platforms Buyback 2022

Comparision between Mindteck India Buyback and Tanla Platforms Buyback 2022.

Buyback Details

Mindteck India Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Tanla Platforms Buyback 2022 is a Tender Offer proposed to list at BSE, NSE.

Mindteck (India) Limited

Tanla Platforms Limited

Logo

Type of Buyback

Open Market Through Stock Exchange

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

₹1 per share

Buyback Price

₹180 per share

₹1200 per share

Issue Size

14,16,667 shares

Issue Size (Amount)

₹13.70 Crores

₹170.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	17 Equity Share out of every 625 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	11 Equity Shares out of every 1169 Fully paid-up Equity Shares held on the Record Date.

Registrar

Universal Capital Securities Pvt. Ltd

Kfin Technologies Limited

Lead Managers

Vivro Financial Services Private Limited

Hdfc Bank 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 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.

Buyback Timetable

Mindteck India Buyback and Tanla Platforms Buyback 2022 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 . Tanla Platforms Buyback 2022 Buyback record date is Oct 25, 2022.

	Mindteck (India) Limited	Tanla Platforms Limited
Record Date		Oct 25, 2022
Offer Open Date	Aug 24, 2022	Dec 20, 2022
Offer Closure Date	Jan 30, 2023	Jan 02, 2023
Last date for receipt of tender forms		Jan 02, 2023
Finalisation of buyback		Jan 10, 2023
Last Date for settlment of bids		Jan 11, 2023
Last Date for extinguishment of shares		Jan 18, 2023

Financial Details and Other Relevent Information

Comparison of Mindteck India Buyback and Tanla Platforms Buyback 2022 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

Tanla Platforms 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

Tanla Platforms Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	1955.2	-211.17	701.73	687.14
31-Mar-21	2363.4	356.14	893.1	879.5
31-Mar-22	3222.1	539.28	1354.04	1340.47
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
Apr-2022	1638.20	1402.80	1501.19
May-2022	1503.65	1144.00	1278.79
Jun-2022	1447.00	938.50	1155.91

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
Apr-2022	893.80	710.20	779.44
May-2022	825.00	684.00	736.80
Jun-2022	1025.00	584.50	915.73

Compare with others

Mindteck (India) Limited	Tanla Platforms Limited
International Conveyors Buyback	Garware Technical Fibres Buyback
Infosys Buyback 2022	International Conveyors Buyback
SP Apparels Buyback	Infosys Buyback 2022
Shyam Century Ferrous Buyback	SP Apparels Buyback
Tanla Platforms Buyback 2022	Shyam Century Ferrous Buyback
ACC Limited Buyback	Mindteck India Buyback
SIS Limited Buyback	ACC Limited Buyback
TCI Express Buyback	SIS Limited Buyback
Granules India Buyback	TCI Express Buyback
Suraj Limited Buyback	Granules India Buyback

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