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Quick Heal Technologies Buyback 2022 vs TCI Express Buyback

Comparision 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 Limited TCI Express Limited
Logo Quick Heal Technologies Buyback 2022 Logo TCI Express Buyback Logo
Type of Buyback Tender Offer Open Market Through Stock Exchange
Listing At BSE, NSE BSE
Face Value ₹10 per share ₹2 per share
Buyback Price ₹300 per share ₹2050 per share
Issue Size 50,00,000 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.
Registrar Link Intime India Private Ltd Kfin Technologies Limited
Lead Managers Ambit Private Limited Motilal Oswal Investment Advisors Limited
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 Limited TCI Express Limited
Record Date Sep 14, 2022
Offer Open Date Oct 04, 2022 Aug 18, 2022
Offer Closure Date Oct 18, 2022 Feb 13, 2023
Last date for receipt of tender forms Oct 18, 2022
Finalisation of buyback Oct 28, 2022
Last Date for settlment of bids Oct 31, 2022
Last Date for extinguishment of shares Nov 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 Limited TCI Express Limited
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

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