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Comparision between Shyam Century Ferrous Buyback and SIS Limited Buyback.
Shyam Century Ferrous Buyback is a Tender Offer buyback proposed to list at BSE, NSE while SIS Limited Buyback is a Tender Offer proposed to list at BSE.
Shyam Century Ferrous Limited | SIS Limited | |||||||||||||
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Type of Buyback | Tender Offer | Tender Offer | ||||||||||||
Listing At | BSE, NSE | BSE | ||||||||||||
Face Value | ₹1 per share | ₹5 per share | ||||||||||||
Buyback Price | ₹28 per share | ₹550 per share | ||||||||||||
Issue Size | 1,00,00,000 shares | 14,54,545 shares | ||||||||||||
Issue Size (Amount) | ₹28.00 Crores | ₹80.00 Crores | ||||||||||||
Buyback Ratio |
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Registrar | Maheshwari Datamatics Pvt. Ltd | Link Intime India Private Ltd | ||||||||||||
Lead Managers | Horizon Financial Pvt Ltd | Edelweiss Financial Services Ltd | ||||||||||||
Necessity of the buyback | 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. |
The Buyback is being undertaken for the following reasons:
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Shyam Century Ferrous Buyback and SIS Limited Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Shyam Century Ferrous Buyback Buyback record date is Sep 27, 2022. SIS Limited Buyback Buyback record date is Aug 30, 2022.
Shyam Century Ferrous Limited | SIS Limited | |
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Record Date | Sep 27, 2022 | Aug 30, 2022 |
Offer Open Date | Oct 25, 2022 | Oct 04, 2022 |
Offer Closure Date | Nov 09, 2022 | Oct 18, 2022 |
Last date for receipt of tender forms | Nov 10, 2022 | Oct 27, 2022 |
Finalisation of buyback | Nov 17, 2022 | Oct 28, 2022 |
Last Date for settlment of bids | Nov 18, 2022 | Oct 31, 2022 |
Last Date for extinguishment of shares | Nov 25, 2022 | Nov 07, 2022 |
Comparison of Shyam Century Ferrous Buyback and SIS Limited Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.
Shyam Century Ferrous Limited | SIS Limited | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Stock price at BSE | Stock price at BSE (in preceding 3 months)
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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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Stock price at NSE (in preceding 3 months)
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