Quick Heal Technologies Buyback 2022 vs TCI Express Buyback

Comparison between Quick Heal Technologies Buyback 2022 and TCI Express Buyback.

Buyback Details

Quick Heal Technologies Buyback 2022 is a Tender Offer buyback proposed to list at BSE, NSE while TCI Express Buyback is a Open Market Through Stock Exchange proposed to list at BSE.

 Quick Heal Technologies Ltd.TCI Express Ltd.
LogoQuick Heal Technologies Buyback 2022 LogoTCI Express Buyback Logo
Type of BuybackTender OfferOpen Market Through Stock Exchange
Listing AtBSE, NSEBSE
Face Value₹10 per share₹2 per share
Buyback Price₹300 per share₹2050 per share
Issue Size50,00,000 shares
Issue Size (Amount)₹150.00 Crores₹75.00 Crores
Buyback Ratio
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.
RegistrarMUFG Intime India Pvt.Ltd.Kfin Technologies Ltd.
Lead ManagersAmbit Pvt.Ltd.Motilal Oswal Investment Advisors 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 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

The buyback is being undertaken for the following reasons:

1. The Buyback is generally expected to improve return on equity, through distribution of cash and improve eamings per share by reduction in the Equity base, thereby leading to long term increase in Members' value.

Buyback Timetable

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

 Quick Heal Technologies Ltd.TCI Express Ltd.
Record DateSep 14, 2022
Offer Open DateOct 04, 2022Aug 18, 2022
Offer Closure DateOct 18, 2022Feb 13, 2023
Last date for receipt of tender formsOct 18, 2022
Finalisation of buybackOct 28, 2022
Last Date for settlment of bidsOct 31, 2022
Last Date for extinguishment of sharesNov 07, 2022

Financial Details and Other Relevent Information

Comparison of Quick Heal Technologies Buyback 2022 and TCI Express Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Quick Heal Technologies Ltd.TCI Express Ltd.
Financial
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
TCI Express Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet Worth
31-Mar-201036.3389.08337.27
31-Mar-21851.64100.6433.87
31-Mar-221089.64128.84536.19
Amount in ₹ Crore
Stock price at BSE

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 BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2022 1790.05 1491.45 1624.13
Jun-2022 1765.65 1551.00 1628.40
May-2022 1889.50 1444.50 1634.72
Stock price at NSE

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

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2022 1790.00 1490.75 1626.09
Jun-2022 1764.95 1554.00 1630.02
May-2022 1898.85 1442.05 1634.95

Compare with others

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Quick Heal Technologies Buyback 2022 and TCI Express Buyback