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Shriram Pistons & Rings Buyback vs Tanla Platforms Buyback

Comparison between Shriram Pistons & Rings Buyback and Tanla Platforms Buyback.

Buyback Details

Shriram Pistons & Rings Buyback is a Tender Offer buyback proposed to list at NSE while Tanla Platforms Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

 Shriram Pistons & Rings Ltd.Tanla Platforms Ltd.
LogoShriram Pistons & Rings Buyback LogoTanla Platforms Buyback Logo
Type of BuybackTender OfferOpen Market Through Stock Exchange
Listing AtNSEBSE, NSE
Face Value₹10 per share₹1 per share
Buyback Price₹1020 per share₹1260 per share
Issue Size3,50,000 shares
Issue Size (Amount)₹35.70 Crores₹65.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 426 Equity Shares out of every 485 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 2 Equity Shares out of every 151 fully paid-up Equity Shares held on the Record Date.
RegistrarAlankit Assignments Ltd.Kfin Technologies Ltd.
Lead ManagersEdelweiss Financial Services Ltd.HDFC Bank Ltd.
Necessity of the buyback

The Buyback aims to :
i) Return surplus cash to the shareholders, thereby, optimizing returns to the shareholders and enhancing the overall shareholders’ value.
ii) Improve Return on Equity, Earnings per share, enhance return on invested capital, and thereby enhance shareholder value in the long term.

The Buyback aims to :
i) Return surplus cash to the shareholders.
ii) Improve Return on Equity and Earnings per share and thereby enhance shareholder value in the long term.

Buyback Timetable

Shriram Pistons & Rings Buyback and Tanla Platforms Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Shriram Pistons & Rings Buyback Buyback record date is Aug 12, 2021. Tanla Platforms Buyback Buyback record date is .

 Shriram Pistons & Rings Ltd.Tanla Platforms Ltd.
Record DateAug 12, 2021
Offer Open DateSep 17, 2021Jul 29, 2021
Offer Closure DateSep 30, 2021Jan 28, 2022
Last date for receipt of tender formsOct 04, 2021
Finalisation of buybackOct 07, 2021
Last Date for settlment of bidsOct 11, 2021
Last Date for extinguishment of sharesOct 18, 2021

Financial Details and Other Relevent Information

Comparison of Shriram Pistons & Rings Buyback and Tanla Platforms Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Shriram Pistons & Rings Ltd.Tanla Platforms Ltd.
Financial
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs.in Million)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 16,161.75 16,266.12 19,785.35
Profit After Tax 887.51 730.35 1,384.50
Net Worth 11,384.15 10,607.72 10,166.92
Reserves and Surplus 10,772.12 9,994.55 9,837.00
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 9,226.96 10,695.06 8,189.69
Profit After Tax 1,585.59 (1,989.21) 170.75
Net Worth 6,664.69 6,690.60 6,997.15
Reserves and Surplus 6,528.66 6,544.63 6,881.51
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jun-2021 927.00 735.00 834.80
May-2021 968.00 852.55 882.09
Apr-2021 986.65 821.55 906.72
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2021 1113.75 878.00 953.26
Jun-2021 1048.80 746.00 852.27
May-2021 870.95 740.85 784.36

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jun-2021 927.70 735.00 835.30
May-2021 968.80 852.90 882.67
Apr-2021 985.55 821.60 905.63

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Compare:

Shriram Pistons & Rings Buyback and Tanla Platforms Buyback