Rane Brake Buyback vs Sreeleathers Buyback

Comparision between Rane Brake Buyback and Sreeleathers Buyback.

Buyback Details

Rane Brake Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Sreeleathers Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

	Rane Brake Lining Limited	Sreeleathers Limited
Logo
Type of Buyback	Open Market Through Stock Exchange	Open Market Through Stock Exchange
Listing At	BSE, NSE	BSE, NSE
Face Value	₹10 per share	₹10 per share
Buyback Price	₹825 per share	₹160 per share
Issue Size
Issue Size (Amount)	₹22.00 Crores	₹32.00 Crores
Buyback Ratio
Registrar	Integrated Registry Management Services Private Limited	Niche Technologies Pvt. Ltd
Lead Managers	Ambit Private Limited	Mark Corporate Advisors Private Limited
Necessity of the buyback	The Buyback is undertaken by the company to: (i) Reduce outstanding number of shares and consequently increase EPS assuming same profits are earned. (ii) Effectively utilize available cash. (iii) Improve key ratios like Return on Equity Capital.	The buyback is undertaken by the company to: i) Effectively utilize its surplus funds. ii) Enhance overall long term shareholders value.

Buyback Timetable

Rane Brake Buyback and Sreeleathers Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Rane Brake Buyback Buyback record date is . Sreeleathers Buyback Buyback record date is .

	Rane Brake Lining Limited	Sreeleathers Limited
Record Date
Offer Open Date	Oct 27, 2020	Dec 04, 2020
Offer Closure Date	Apr 26, 2021	Jun 03, 2021
Last date for receipt of tender forms
Finalisation of buyback
Last Date for settlment of bids
Last Date for extinguishment of shares

Financial Details and Other Relevent Information

Comparison of Rane Brake Buyback and Sreeleathers Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Rane Brake Lining Limited

Sreeleathers Limited

Financial

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (Rs. in Crores)
	31-Mar-20	31-Mar-19	31-Mar-18
Revenue from operations	470.98	513.89	482.29
Profit After Tax	34.34	36.53	35.75
Net-worth	228.82	209.77	188.21

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (Rs. in Million)
	31-Mar-20	31-Mar-19	31-Mar-18
Total Income	1,733.68	1,680.96	1,428.91
Profit After Tax	287.60	310.81	213.72

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Sep-2020	624.00	523.00	574.00
Aug-2020	670.00	514.00	574.00
Jul-2020	605.00	514.00	549.00

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Oct-2020	136.00	130.00	133.00
Sep-2020	145.00	130.00	139.00
Aug-2020	152.00	130.00	140.00

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Sep-2020	625.00	521.00	574.00
Aug-2020	670.00	512.00	574.00
Jul-2020	605.00	517.00	549.00

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Oct-2020	136.00	129.00	133.00
Sep-2020	146.00	130.00	138.00
Aug-2020	153.00	130.00	143.00

Compare with others

Rane Brake Lining Limited	Sreeleathers Limited
Archidply Industries Buyback	Jullundur Motor Agency Buyback
Industrial and Prudential Investment Buyback	Engineers India Buyback
Jullundur Motor Agency Buyback	IIFL Securities Buyback
Engineers India Buyback	Rane Brake Buyback
IIFL Securities Buyback	HPCL Buyback
HPCL Buyback	Garware Technical Buyback
Sreeleathers Buyback
Garware Technical Buyback

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