Pennar Industries Buyback vs Sarda Energy & Minerals Buyback

Comparision between Pennar Industries Buyback and Sarda Energy & Minerals Buyback.

Buyback Details

Pennar Industries Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Sarda Energy & Minerals Buyback is a Tender Offer proposed to list at BSE, NSE.

Pennar Industries Limited

Sarda Energy & Minerals Limited

Logo

Type of Buyback

Open Market Through Stock Exchange

Tender Offer

Listing At

BSE, NSE

Face Value

₹5 per share

₹10 per share

Buyback Price

₹50 per share

₹1500 per share

Issue Size

8,11,108 shares

Issue Size (Amount)

₹40.00 Crores

₹121.67 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	101 Equity Share out of every 823 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	6 Equity Share out of every 299 Fully paid-up Equity Shares held on the Record Date.

Registrar

Kfin Technologies Limited

Bigshare Services Pvt Ltd

Lead Managers

Finshore Management Services Limited

Hem Securities Limited

Necessity of the buyback

The buyback aims to utilize the net proceeds towards the following objectives:

To increase the earnings per share (EPS) over a period of time.
To effectively utilize available cash, and
To improve key return ratios like return on net worth, return on assets, etc.

The buyback is being undertaken for the following reasons:

1. The Buyback will help the company to distribute surplus cash to its shareholders holding Equity shares broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders.

2. The Buyback would help in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the company.

Buyback Timetable

Pennar Industries Buyback and Sarda Energy & Minerals Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Pennar Industries Buyback Buyback record date is . Sarda Energy & Minerals Buyback Buyback record date is May 06, 2022.

	Pennar Industries Limited	Sarda Energy & Minerals Limited
Record Date		May 06, 2022
Offer Open Date	Mar 23, 2022	Jun 02, 2022
Offer Closure Date	Sep 22, 2022	Jun 15, 2022
Last date for receipt of tender forms		Jun 15, 2022
Finalisation of buyback		Jun 24, 2022
Last Date for settlment of bids		Jun 27, 2022
Last Date for extinguishment of shares		Jul 04, 2022

Financial Details and Other Relevent Information

Comparison of Pennar Industries Buyback and Sarda Energy & Minerals Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Pennar Industries Limited

Sarda Energy & Minerals Limited

Financial

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (Rs. in Millions)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	15,440.10	21,268.30	21,598.50
Profit After Tax	28.40	534.00	666.60
Net Worth	6,958.30	7,003.30	6,674.90

Summary of financial Information (standalone)
Particulars	For the year/period ended (Rs. in Crores)
	31-Dec-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	2,871.85	2,343.27	1983.22	2340.74
Profit After Tax	603.52	376.42	135.54	207.13
Net Worth	2,789.34	2221.25	1867.39	1743.43
Reserves and Surplus	2,753.29	2185.20	1831.34	1707.38

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Feb-2022	45.85	31.85	39.85
Jan-2022	45.75	34.00	38.69
Dec-2021	35.85	27.65	31.21

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Mar-2022	1195.60	847.70	1058.66
Feb-2022	959.45	730.00	843.03
Jan-2022	875.00	758.00	807.21

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Feb-2022	45.75	31.70	39.87
Jan-2022	45.85	33.95	38.69
Dec-2021	35.95	27.80	31.21

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Mar-2022	1197.60	845.05	1059.86
Feb-2022	960.00	727.05	843.90
Jan-2022	877.00	756.80	807.47

Compare with others

Pennar Industries Limited	Sarda Energy & Minerals Limited
Sarda Energy & Minerals Buyback	Motilal Oswal Financial Services Buyback
UPL Limited Buyback 2022	Matrimony.com Buyback
GAIL (India) Buyback	SMC Global Securities Buyback
Filatex India Buyback	IndiaMART InterMESH Buyback
Atul Limited Buyback	Sinclairs Hotels Buyback
Gulf Oil Lubricants Buyback Feb 22	UPL Limited Buyback 2022
FDC Buyback	GAIL (India) Buyback
K.P.R Mill Buyback	Filatex India Buyback
Mayur Uniquoters Buyback	Atul Limited Buyback
Emami Ltd Buyback	Pennar Industries Buyback

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