CARE Ratings Buyback vs Quick Heal Technologies Buyback 2022

Comparision between CARE Ratings Buyback and Quick Heal Technologies Buyback 2022.

Buyback Details

CARE Ratings Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Quick Heal Technologies Buyback 2022 is a Tender Offer proposed to list at BSE, NSE.

CARE Ratings Limited

Quick Heal Technologies Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

Buyback Price

₹515 per share

₹300 per share

Issue Size

23,68,000 shares

50,00,000 shares

Issue Size (Amount)

₹121.95 Crores

₹150.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	60 Equity Share out of every 539 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	69 Equity Shares out of every 907 Fully paid-up Equity Shares held on the Record Date.

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	10 Equity Share out of every 83 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	5 Equity Shares out of every 61 Fully paid-up Equity Shares held on the Record Date.

Registrar

Kfin Technologies Limited

Link Intime India Private Ltd

Lead Managers

Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)

Ambit Private Limited

Necessity of the buyback

The Buyback is being undertaken for the following reasons:

(i) optimising returns to shareholders;

(ii) enhancing overall shareholder value.

(iii) achieving optimum capital structure.

(iv) mitigating the effects of short-term market volatility.

(v) enhancing shareholders' confidence.

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 thereby enhancing the overall return for them.

2. The Buyback is generally expected to improve return on equity through distribution of cash and improve earnings per share by reduction in the equity base of the Company, thereby leading to long term increase in shareholders' value

Buyback Timetable

CARE Ratings Buyback and Quick Heal Technologies Buyback 2022 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. CARE Ratings Buyback Buyback record date is Sep 14, 2022. Quick Heal Technologies Buyback 2022 Buyback record date is Sep 14, 2022.

	CARE Ratings Limited	Quick Heal Technologies Limited
Record Date	Sep 14, 2022	Sep 14, 2022
Offer Open Date	Nov 18, 2022	Oct 04, 2022
Offer Closure Date	Dec 01, 2022	Oct 18, 2022
Last date for receipt of tender forms	Dec 03, 2022	Oct 18, 2022
Finalisation of buyback	Dec 09, 2022	Oct 28, 2022
Last Date for settlment of bids	Dec 12, 2022	Oct 31, 2022
Last Date for extinguishment of shares	Dec 19, 2022	Nov 07, 2022

Financial Details and Other Relevent Information

Comparison of CARE Ratings Buyback and Quick Heal Technologies 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.

CARE Ratings Limited

Quick Heal Technologies Limited

Financial

CARE Ratings Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax
31-Mar-20	275.11	83.48
31-Mar-21	279.74	90.97
31-Mar-22	274.82	76.83
Amount in ₹ Crore

Quick Heal Technologies Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	317.73	74.41	644.07	579.86
31-Mar-21	357.2	106.97	751.48	687.27
31-Mar-22	361.1	83.19	627.63	569.62
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Aug-2022	521.80	452.75	484.72
Jul-2022	492.25	410.60	440.55
Jun-2022	485.35	405.35	437.03

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2022	218.25	153.00	182.14
Jun-2022	178.25	143.95	160.63
May-2022	194.00	161.75	175.92

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Aug-2022	522.00	452.20	484.75
Jul-2022	492.00	410.15	440.83
Jun-2022	485.00	406.00	437.16

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2022	218.00	152.85	182.06
Jun-2022	174.90	141.00	160.74
May-2022	186.60	160.60	175.80

Compare with others

CARE Ratings Limited	Quick Heal Technologies Limited
SIS Limited Buyback	ACC Limited Buyback
TCI Express Buyback	SIS Limited Buyback
Granules India Buyback	TCI Express Buyback
Suraj Limited Buyback	Granules India Buyback
Quick Heal Technologies Buyback 2022	Suraj Limited Buyback
Techno Electric Buyback	CARE Ratings Buyback
Marksans Pharma Buyback	Techno Electric Buyback
Bajaj Auto Buyback	Marksans Pharma Buyback
Route Mobile Buyback	Bajaj Auto Buyback
Avonmore Capital Buyback	Route Mobile Buyback

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