Comparison between International Conveyors Buyback and Shyam Century Ferrous Buyback.
International Conveyors Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Shyam Century Ferrous Buyback is a Tender Offer proposed to list at BSE, NSE.
| International Conveyors Ltd. | Shyam Century Ferrous Ltd. | |||||||
|---|---|---|---|---|---|---|---|---|
| Logo |  |  | ||||||
| Type of Buyback | Open Market Through Stock Exchange | Tender Offer | ||||||
| Listing At | BSE, NSE | BSE, NSE | ||||||
| Face Value | ₹1 per share | ₹1 per share | ||||||
| Buyback Price | ₹75 per share | ₹28 per share | ||||||
| Issue Size | 1,00,00,000 shares | |||||||
| Issue Size (Amount) | ₹29.70 Crores | ₹28.00 Crores | ||||||
| Buyback Ratio |
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| Registrar | Maheshwari Datamatics Pvt.Ltd. | Maheshwari Datamatics Pvt.Ltd. | ||||||
| Lead Managers | Keynote Financial Services Ltd. | Horizon Financial Pvt.Ltd. | ||||||
| Necessity of the buyback | The Buyback is being undertaken for the following reasons: The Board of Directors of the Company is of the view that the Buyback will help the Company effectively utilize its available surplus funds, which is in excess of the amount needed to be retained by the Company for the future growth. | 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. |
International Conveyors 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. International Conveyors Buyback Buyback record date is . Shyam Century Ferrous Buyback Buyback record date is Sep 27, 2022.
| International Conveyors Ltd. | Shyam Century Ferrous Ltd. | |
|---|---|---|
| Record Date | Sep 27, 2022 | |
| Offer Open Date | Nov 03, 2022 | Oct 25, 2022 |
| Offer Closure Date | May 03, 2023 | Nov 09, 2022 |
| Last date for receipt of tender forms | Nov 10, 2022 | |
| Finalisation of buyback | Nov 17, 2022 | |
| Last Date for settlment of bids | Nov 18, 2022 | |
| Last Date for extinguishment of shares | Nov 25, 2022 |
Comparison of International Conveyors 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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