Orbit Exports Buyback vs Triveni Engineering Buyback 2022

Comparision between Orbit Exports Buyback and Triveni Engineering Buyback 2022.

Buyback Details

Orbit Exports Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Triveni Engineering Buyback 2022 is a Tender Offer proposed to list at BSE, NSE.

Orbit Exports Limited

Triveni Engineering and Industries Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

₹1 per share

Buyback Price

₹245 per share

₹350 per share

Issue Size

4,08,163 shares

2,28,57,142 shares

Issue Size (Amount)

₹10.00 Crores

₹800.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	2 Equity Share out of every 47 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	9 Equity Shares out of every 673 Fully paid-up Equity Shares held on the Record Date.

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	1 Equity Shares out of every 3 Fully paid-up Equity Shares held on the Record Date.	3,428,572.00
General Category for all other Eligible Shareholders	1 Equity Shares out of every 12 Fully paid-up Equity Shares held on the Record Date.	19,428,570.00

Registrar

Link Intime India Private Ltd

Kfin Technologies Limited

Lead Managers

Keynote Financial Services Ltd

Ambit Private Limited

Necessity of the buyback

The Buyback is being undertaken, inter-alia, for the following reasons:

The Buyback will help the company to return surplus cash to its shareholders broadly in proportion to their shareholding thereby enhancing overall return to the shareholders.
The Buyback would give an option to the equity shareholders to either participate in the Buyback and receive cash in lieu of Equity Shares accepted under the Buyback or not participate in the Buyback and enjoy a resultant increase in their percentage shareholding in the company post the buyback without additional investment.

The Buyback is being undertaken for the following reasons:

1. The Buyback will help the Company distribute surplus cash to its shareholders holding Equity Shares and promote capital efficiency, thereby increasing shareholders' value and improving return on equity.

2. The Company's dividend pay-out trend and cash reserves, the Company considers appropriate to return surplus funds to the shareholders effectively and efficiently.

Buyback Timetable

Orbit Exports Buyback and Triveni Engineering Buyback 2022 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Orbit Exports Buyback Buyback record date is Nov 18, 2022. Triveni Engineering Buyback 2022 Buyback record date is Dec 23, 2022.

	Orbit Exports Limited	Triveni Engineering and Industries Limited
Record Date	Nov 18, 2022	Dec 23, 2022
Offer Open Date	Dec 15, 2022	Feb 16, 2023
Offer Closure Date	Dec 28, 2022	Mar 01, 2023
Last date for receipt of tender forms	Dec 28, 2022	Mar 01, 2023
Finalisation of buyback	Jan 05, 2023	Mar 10, 2023
Last Date for settlment of bids	Jan 06, 2023	Mar 13, 2023
Last Date for extinguishment of shares	Jan 13, 2023	Mar 20, 2023

Financial Details and Other Relevent Information

Comparison of Orbit Exports Buyback and Triveni Engineering 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.

Orbit Exports Limited

Triveni Engineering and Industries Limited

Financial

Orbit Exports Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	150.23	26.26	174.09	146.7	16.08
31-Mar-21	73.07	2.38	176.86	149.48	14.37
31-Mar-22	131.17	17.8	194.59	167.21	39.17
30-Sep-22	109.14	22.23	217.88	190.5	39.4
Amount in ₹ Crore

Triveni Engineering and Industries Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	4472.9	335.12	1303.62	1268.5	1547.77
31-Mar-21	4733.75	294.6	1517.35	1480.01	990.48
31-Mar-22	4716.23	424.06	1869.38	1831.81	1575.06
30-Sep-22	2854.67	1454.21	3281.28	3244.26	883.98
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Oct-2022	186.75	155.35	164.80
Sep-2022	171.80	146.90	157.90
Aug-2022	158.60	114.65	140.09

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2022	308.85	252.30	277.35
Oct-2022	291.80	249.30	270.63
Sep-2022	294.35	232.80	253.42

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Oct-2022	185.85	155.50	164.79
Sep-2022	172.25	147.75	158.12
Aug-2022	158.40	115.05	140.02

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2022	308.90	252.05	277.47
Oct-2022	292.00	247.30	270.58
Sep-2022	294.35	231.60	253.48

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Dhanuka Agritech Buyback	Orbit Exports Buyback
Kaveri Seed Buyback 2022	Jagran Prakashan Buyback 2022
Garware Technical Fibres Buyback	Triveni Turbine Buyback

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