Comparison between Garware Technical Fibres Buyback and Shyam Century Ferrous Buyback.
Garware Technical Fibres Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Shyam Century Ferrous Buyback is a Tender Offer proposed to list at BSE, NSE.
| Garware Technical Fibres Ltd. | Shyam Century Ferrous Ltd. | |||||||||||||
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| Logo |  |  | ||||||||||||
| Type of Buyback | Tender Offer | Tender Offer | ||||||||||||
| Listing At | BSE, NSE | BSE, NSE | ||||||||||||
| Face Value | ₹10 per share | ₹1 per share | ||||||||||||
| Buyback Price | ₹3750 per share | ₹28 per share | ||||||||||||
| Issue Size | 2,40,000 shares | 1,00,00,000 shares | ||||||||||||
| Issue Size (Amount) | ₹90.00 Crores | ₹28.00 Crores | ||||||||||||
| Buyback Ratio |
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| Registrar | MUFG Intime India Pvt.Ltd. | Maheshwari Datamatics Pvt.Ltd. | ||||||||||||
| Lead Managers | Ambit Pvt.Ltd. | Horizon Financial Pvt.Ltd. | ||||||||||||
| Necessity of the buyback | The Buyback is being undertaken, inter-alia, for the following reasons: 1. The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders. 2. The Buyback may help in improving the Company's return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders' value. | Necessity of the buyback : 1. The Buyback will help the Company to distribute surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders. 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. |
Garware Technical Fibres Buyback and Shyam Century Ferrous Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Garware Technical Fibres Buyback Buyback record date is Nov 04, 2022. Shyam Century Ferrous Buyback Buyback record date is Sep 27, 2022.
| Garware Technical Fibres Ltd. | Shyam Century Ferrous Ltd. | |
|---|---|---|
| Record Date | Nov 04, 2022 | Sep 27, 2022 |
| Offer Open Date | Dec 05, 2022 | Oct 25, 2022 |
| Offer Closure Date | Dec 16, 2022 | Nov 09, 2022 |
| Last date for receipt of tender forms | Dec 16, 2022 | Nov 10, 2022 |
| Finalisation of buyback | Dec 26, 2022 | Nov 17, 2022 |
| Last Date for settlment of bids | Dec 27, 2022 | Nov 18, 2022 |
| Last Date for extinguishment of shares | Jan 03, 2023 | Nov 25, 2022 |
Comparison of Garware Technical Fibres Buyback and Shyam Century Ferrous 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)
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