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Indian Toners & Developers Buyback vs NIIT Buyback

Comparison between Indian Toners & Developers Buyback and NIIT Buyback.

Buyback Details

Indian Toners & Developers Buyback is a Tender Offer buyback proposed to list at BSE while NIIT Buyback is a Tender Offer proposed to list at BSE, NSE.

 Indian Toners & Developers Ltd.NIIT Ltd.
LogoIndian Toners & Developers Buyback LogoNIIT Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtBSEBSE, NSE
Face Value₹10 per share₹2 per share
Buyback Price₹160 per share₹240 per share
Issue Size23,11,610 shares98,75,000 shares
Issue Size (Amount)₹36.99 Crores₹237.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 111 Equity Shares out of every 632 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 111 Equity Shares out of every 632 fully paid-up Equity Shares held on the Record Date.
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 102 Equity Shares for every 919 Equity Shares held on the Record Date
General Category for all other Eligible Shareholders 19 Equity Shares for every 292 Equity Shares held on the Record Date
RegistrarAlankit Assignments Ltd.MUFG Intime India Pvt.Ltd.
Lead ManagersCorporate Professionals Capital Pvt.Ltd.JM Financial Ltd.
Necessity of the buyback

The Buyback is undertaken by the Company to:
i) Distribute surplus cash to the Equity shareholders.
ii) Improve financial ratios like earnings per share and return on equity, by reducing the equity base of the company.

The Buyback is being undertaken by the Company to:
i) To return surplus funds to the Equity Shareholders; and
ii) To help improve financial ratios like earnings per share and return on equity, by reducing the equity capital of the Company.

Buyback Timetable

Indian Toners & Developers Buyback and NIIT Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Indian Toners & Developers Buyback Buyback record date is Jan 15, 2021. NIIT Buyback Buyback record date is Feb 24, 2021.

 Indian Toners & Developers Ltd.NIIT Ltd.
Record DateJan 15, 2021Feb 24, 2021
Offer Open DateMar 04, 2021Apr 12, 2021
Offer Closure DateMar 18, 2021Apr 28, 2021
Last date for receipt of tender formsMar 22, 2021Apr 30, 2021
Finalisation of buybackMar 24, 2021May 06, 2021
Last Date for settlment of bidsMar 25, 2021May 07, 2021
Last Date for extinguishment of sharesApr 08, 2021May 14, 2021

Financial Details and Other Relevent Information

Comparison of Indian Toners & Developers Buyback and NIIT Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Indian Toners & Developers Ltd.NIIT Ltd.
Financial
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 980.64 1,219.71 1,192.35
Profit After Tax 121.94 204.15 242.23
Net Worth 1,844.21 1,798.63 1,644.31
Summary of financial Information (consolidated)
Particulars For the year/period ended (Rs. in Lakhs)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 1,00,598 87,136 85,909
Profit After Tax 1,32,718 8,720 6,368
Net Worth 96,292 28,350 18,938
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2020 131.00 117.55 124.65
Nov-2020 137.50 107.25 124.69
Oct-2020 117.45 87.05 103.04

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2021 205.95 187.65 198.63
Dec-2020 207.35 168.75 182.88
Nov-2020 190.35 131.50 153.42
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2021 206.15 187.60 198.60
Dec-2020 207.30 168.85 182.97
Nov-2020 190.50 131.50 153.43

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