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Shyam Century Ferrous Buyback vs SP Apparels Buyback

Comparison between Shyam Century Ferrous Buyback and SP Apparels Buyback.

Buyback Details

Shyam Century Ferrous Buyback is a Tender Offer buyback proposed to list at BSE, NSE while SP Apparels Buyback is a Tender Offer proposed to list at BSE, NSE.

 Shyam Century Ferrous Ltd.S.P. Apparels Ltd
LogoShyam Century Ferrous Buyback LogoSP Apparels Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹1 per share₹10 per share
Buyback Price₹28 per share₹585 per share
Issue Size1,00,00,000 shares6,00,000 shares
Issue Size (Amount)₹28.00 Crores₹35.10 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 50 Equity Share out of every 839 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 104 Equity Shares out of every 2413 Fully paid-up Equity Shares held on the Record Date.
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 2 Equity Share out of every 27 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 1 Equity Shares out of every 48 Fully paid-up Equity Shares held on the Record Date.
RegistrarMaheshwari Datamatics Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Lead ManagersHorizon Financial Pvt.Ltd.Motilal Oswal Investment Advisors 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:

  • The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares thereby, enhancing the overall return to shareholders.
  • The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by a reduction in the equity base of the Company, thereby leading to a long term increase in shareholders' value.

    • Buyback Timetable

    Shyam Century Ferrous Buyback and SP Apparels 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. SP Apparels Buyback Buyback record date is Oct 07, 2022.

     Shyam Century Ferrous Ltd.S.P. Apparels Ltd
    Record DateSep 27, 2022Oct 07, 2022
    Offer Open DateOct 25, 2022Nov 03, 2022
    Offer Closure DateNov 09, 2022Nov 17, 2022
    Last date for receipt of tender formsNov 10, 2022Nov 17, 2022
    Finalisation of buybackNov 17, 2022Nov 25, 2022
    Last Date for settlment of bidsNov 18, 2022Nov 28, 2022
    Last Date for extinguishment of sharesNov 25, 2022Dec 05, 2022

    Financial Details and Other Relevent Information

    Comparison of Shyam Century Ferrous Buyback and SP Apparels 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 Ltd.S.P. Apparels Ltd
    Financial
    Shyam Century Ferrous Limited Financial Information (Restated)
    Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
    31-Mar-20131.1889.14-0.0354.3232.11.22
    31-Mar-21134.74135.682.8157.1334.924.65
    31-Mar-22212.556.86114.0191.80.43
    Amount in ₹ Crore
    S.P. Apparels Ltd Financial Information (Restated)
    Period EndedTotal RevenueProfit After TaxNet WorthTotal Borrowing
    31-Mar-20832.6746.92523.22226.25
    31-Mar-21653.6943.17558.38194.15
    31-Mar-22868.9284.69637.77231.31
    Amount in ₹ Crore
    Stock price at BSE

    Stock price at BSE (in preceding 3 months)

    Month High Price Low Price Average Price
    Aug-2022 23.80 19.70 21.76
    Jul-2022 24.55 19.25 21.95
    Jun-2022 25.85 18.40 21.61

    Stock price at BSE (in preceding 3 months)

    Month High Price Low Price Average Price
    Aug-2022 463.50 376.10 428.72
    Jul-2022 414.00 359.40 377.24
    Jun-2022 397.50 326.00 359.89
    Stock price at NSE

    Stock price at NSE (in preceding 3 months)

    Month High Price Low Price Average Price
    Aug-2022 23.80 19.75 21.76
    Jul-2022 24.55 19.30 21.97
    Jun-2022 25.65 18.35 21.61

    Stock price at NSE (in preceding 3 months)

    Month High Price Low Price Average Price
    Aug-2022 463.75 375.30 428.64
    Jul-2022 414.90 360.00 377.40
    Jun-2022 398.00 326.05 359.84

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    Shyam Century Ferrous Buyback and SP Apparels Buyback