Shyam Century Ferrous Buyback vs SP Apparels Buyback

Comparision 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 Limited

S.P. Apparels Ltd

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹1 per share

₹10 per share

Buyback Price

₹28 per share

₹585 per share

Issue Size

1,00,00,000 shares

6,00,000 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.

Registrar

Maheshwari Datamatics Pvt. Ltd

Link Intime India Private Ltd

Lead Managers

Horizon Financial Pvt Ltd

Motilal Oswal Investment Advisors Limited

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 Limited	S.P. Apparels Ltd
Record Date	Sep 27, 2022	Oct 07, 2022
Offer Open Date	Oct 25, 2022	Nov 03, 2022
Offer Closure Date	Nov 09, 2022	Nov 17, 2022
Last date for receipt of tender forms	Nov 10, 2022	Nov 17, 2022
Finalisation of buyback	Nov 17, 2022	Nov 25, 2022
Last Date for settlment of bids	Nov 18, 2022	Nov 28, 2022
Last Date for extinguishment of shares	Nov 25, 2022	Dec 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 Limited

S.P. Apparels Ltd

Financial

Shyam Century Ferrous Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	131.18	89.14	-0.03	54.32	32.1	1.22
31-Mar-21	134.74	135.68	2.81	57.13	34.92	4.65
31-Mar-22		212.5	56.86	114.01	91.8	0.43
Amount in ₹ Crore

S.P. Apparels Ltd Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	832.67	46.92	523.22	226.25
31-Mar-21	653.69	43.17	558.38	194.15
31-Mar-22	868.92	84.69	637.77	231.31
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

Compare with others

Shyam Century Ferrous Limited	S.P. Apparels Ltd
Kaveri Seed Buyback 2022	Dhanuka Agritech Buyback
Garware Technical Fibres Buyback	Kaveri Seed Buyback 2022
International Conveyors Buyback	Garware Technical Fibres Buyback
Infosys Buyback 2022	International Conveyors Buyback
SP Apparels Buyback	Infosys Buyback 2022
Tanla Platforms Buyback 2022	Shyam Century Ferrous Buyback
Mindteck India Buyback	Tanla Platforms Buyback 2022
ACC Limited Buyback	Mindteck India Buyback
SIS Limited Buyback	ACC Limited Buyback
TCI Express Buyback	SIS Limited Buyback

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