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Mindteck India Buyback vs TCI Express Buyback

Comparision between Mindteck India Buyback and TCI Express Buyback.

Buyback Details

Mindteck India Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while TCI Express Buyback is a Open Market Through Stock Exchange proposed to list at BSE.

  Mindteck (India) Limited TCI Express Limited
Logo Mindteck India Buyback Logo TCI Express Buyback Logo
Type of Buyback Open Market Through Stock Exchange Open Market Through Stock Exchange
Listing At BSE, NSE BSE
Face Value ₹10 per share ₹2 per share
Buyback Price ₹180 per share ₹2050 per share
Issue Size
Issue Size (Amount) ₹13.70 Crores ₹75.00 Crores
Buyback Ratio
Registrar Universal Capital Securities Pvt. Ltd Kfin Technologies Limited
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:

1. The Buyback is generally expected to improve return on equity, through distribution of cash and improve eamings per share by reduction in the Equity base, thereby leading to long term increase in Members' value.

Buyback Timetable

Mindteck India Buyback and TCI Express 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 . TCI Express Buyback Buyback record date is .

  Mindteck (India) Limited TCI Express Limited
Record Date
Offer Open Date Aug 24, 2022 Aug 18, 2022
Offer Closure Date Jan 30, 2023 Feb 13, 2023
Last date for receipt of tender forms
Finalisation of buyback
Last Date for settlment of bids
Last Date for extinguishment of shares

Financial Details and Other Relevent Information

Comparison of Mindteck India Buyback and TCI Express 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 TCI Express Limited
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
TCI Express Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet Worth
31-Mar-201036.3389.08337.27
31-Mar-21851.64100.6433.87
31-Mar-221089.64128.84536.19
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 1790.05 1491.45 1624.13
Jun-2022 1765.65 1551.00 1628.40
May-2022 1889.50 1444.50 1634.72
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 1790.00 1490.75 1626.09
Jun-2022 1764.95 1554.00 1630.02
May-2022 1898.85 1442.05 1634.95

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