Granules India Buyback vs Quick Heal Technologies Buyback 2022

Comparison between Granules India Buyback and Quick Heal Technologies Buyback 2022.

Buyback Details

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

 Granules India Ltd.Quick Heal Technologies Ltd.
LogoGranules India Buyback LogoQuick Heal Technologies Buyback 2022 Logo
Type of BuybackTender OfferTender Offer
Listing AtBSEBSE, NSE
Face Value₹1 per share₹10 per share
Buyback Price₹400 per share₹300 per share
Issue Size62,50,000 shares50,00,000 shares
Issue Size (Amount)₹250.00 Crores₹150.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 1 Equity Share out of every 20 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 19 Equity Shares out of every 821 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.
RegistrarKfin Technologies Ltd.MUFG Intime India Pvt.Ltd.
Lead ManagersMotilal Oswal Investment Advisors Ltd.Ambit Pvt.Ltd.
Necessity of the buyback

The buyback is being undertaken for the following reasons:

1. The Buyback will help the Company to distribute surplus cash to its members holding Equity Shares thereby enhancing the overall return for them.

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

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

Granules India 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. Granules India Buyback Buyback record date is Aug 23, 2022. Quick Heal Technologies Buyback 2022 Buyback record date is Sep 14, 2022.

 Granules India Ltd.Quick Heal Technologies Ltd.
Record DateAug 23, 2022Sep 14, 2022
Offer Open DateSep 27, 2022Oct 04, 2022
Offer Closure DateOct 11, 2022Oct 18, 2022
Last date for receipt of tender formsOct 11, 2022Oct 18, 2022
Finalisation of buybackOct 19, 2022Oct 28, 2022
Last Date for settlment of bidsOct 20, 2022Oct 31, 2022
Last Date for extinguishment of sharesOct 25, 2022Nov 07, 2022

Financial Details and Other Relevent Information

Comparison of Granules India 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.

 Granules India Ltd.Quick Heal Technologies Ltd.
Financial
Granules India Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet Worth
31-Mar-202635.2335.41843.72
31-Mar-213264.42549.462173.27
31-Mar-223264.42549.462173.27
Amount in ₹ Crore
Quick Heal Technologies Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-20317.7374.41644.07579.86
31-Mar-21357.2106.97751.48687.27
31-Mar-22361.183.19627.63569.62
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2022 313.25 269.05 295.66
Jun-2022 281.90 227.00 261.12
May-2022 285.00 232.15 260.33

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
Jul-2022 313.30 268.90 295.71
Jun-2022 282.00 226.95 261.08
May-2022 285.00 232.10 260.37

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

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Granules India Buyback and Quick Heal Technologies Buyback 2022