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Quick Heal Technologies Buyback 2022 vs Techno Electric Buyback

Comparision between Quick Heal Technologies Buyback 2022 and Techno Electric Buyback.

Buyback Details

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

  Quick Heal Technologies Limited Techno Electric & Engineering Company Limited
Logo Quick Heal Technologies Buyback 2022 Logo Techno Electric Buyback Logo
Type of Buyback Tender Offer Open Market Through Stock Exchange
Listing At BSE, NSE BSE, NSE
Face Value ₹10 per share ₹2 per share
Buyback Price ₹300 per share ₹325 per share
Issue Size 50,00,000 shares
Issue Size (Amount) ₹150.00 Crores ₹130.00 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 Niche Technologies Pvt. Ltd
Lead Managers Ambit Private 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 reason:

  1. The Buyback will help the Company to distribute surplus cash to its shareholders holding equity shares.
  2. The Buyback would help in improving return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders' value.
  3. The Buyback would help in optimizing the capital structure.

Buyback Timetable

Quick Heal Technologies Buyback 2022 and Techno Electric 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. Techno Electric Buyback Buyback record date is .

  Quick Heal Technologies Limited Techno Electric & Engineering Company Limited
Record Date Sep 14, 2022
Offer Open Date Oct 04, 2022 Jul 20, 2022
Offer Closure Date Oct 18, 2022 Jan 19, 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 Techno Electric 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 Techno Electric & Engineering Company 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
Techno Electric & Engineering Company Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-20922.68179.11480.251458.25
31-Mar-21956.08181.781596.011574.01
31-Mar-221219.15258.441814.681792.68
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
Jun-2022 294.00 231.00 275.34
May-2022 314.95 251.50 284.35
Apr-2022 302.00 248.90 278.98
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
Jun-2022 294.85 231.20 275.86
May-2022 314.90 250.85 284.63
Apr-2022 302.00 248.55 278.98

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