Comparison between Pennar Industries Buyback and Sarda Energy & Minerals Buyback.
Pennar Industries Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Sarda Energy & Minerals Buyback is a Tender Offer proposed to list at BSE, NSE.
| Pennar Industries Ltd. | Sarda Energy & Minerals Ltd. | |||||||
|---|---|---|---|---|---|---|---|---|
| Logo |  |  | ||||||
| Type of Buyback | Open Market Through Stock Exchange | Tender Offer | ||||||
| Listing At | BSE, NSE | BSE, NSE | ||||||
| Face Value | ₹5 per share | ₹10 per share | ||||||
| Buyback Price | ₹50 per share | ₹1500 per share | ||||||
| Issue Size | 8,11,108 shares | |||||||
| Issue Size (Amount) | ₹40.00 Crores | ₹121.67 Crores | ||||||
| Buyback Ratio |
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| Registrar | Kfin Technologies Ltd. | Bigshare Services Pvt.Ltd. | ||||||
| Lead Managers | Finshore Management Services Ltd. | Hem Securities Ltd. | ||||||
| Necessity of the buyback | The buyback aims to utilize the net proceeds towards the following objectives:
| 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 broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders. 2. The Buyback would help in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the company. |
Pennar Industries Buyback and Sarda Energy & Minerals Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Pennar Industries Buyback Buyback record date is . Sarda Energy & Minerals Buyback Buyback record date is May 06, 2022.
| Pennar Industries Ltd. | Sarda Energy & Minerals Ltd. | |
|---|---|---|
| Record Date | May 06, 2022 | |
| Offer Open Date | Mar 23, 2022 | Jun 02, 2022 |
| Offer Closure Date | Sep 22, 2022 | Jun 15, 2022 |
| Last date for receipt of tender forms | Jun 15, 2022 | |
| Finalisation of buyback | Jun 24, 2022 | |
| Last Date for settlment of bids | Jun 27, 2022 | |
| Last Date for extinguishment of shares | Jul 04, 2022 |
Comparison of Pennar Industries Buyback and Sarda Energy & Minerals Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.
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| Stock price at BSE | Stock price at BSE (in preceding 3 months)
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| Stock price at NSE | Stock price at NSE (in preceding 3 months)
| Stock price at NSE (in preceding 3 months)
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