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CARE Ratings Buyback vs SIS Limited Buyback

Comparision between CARE Ratings Buyback and SIS Limited Buyback.

Buyback Details

CARE Ratings 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.

  CARE Ratings Limited SIS Limited
Logo CARE Ratings Buyback Logo SIS Limited Buyback Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE
Face Value ₹10 per share ₹5 per share
Buyback Price ₹515 per share ₹550 per share
Issue Size 23,68,000 shares 14,54,545 shares
Issue Size (Amount) ₹121.95 Crores ₹80.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 60 Equity Share out of every 539 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 69 Equity Shares out of every 907 Fully paid-up Equity Shares held on the Record Date.
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 11 Equity Share out of every 95 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 2 Equity Shares out of every 235 Fully paid-up Equity Shares held on the Record Date.
Registrar Kfin Technologies Limited Link Intime India Private Ltd
Lead Managers Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Edelweiss Financial Services Ltd
Necessity of the buyback

The Buyback is being undertaken for the following reasons:

(i) optimising returns to shareholders;

(ii) enhancing overall shareholder value.

(iii) achieving optimum capital structure.

(iv) mitigating the effects of short-term market volatility.

(v) enhancing shareholders' confidence.

The Buyback is being undertaken 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 return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
  3. The Buyback may lead to a reduction in outstanding Equity Shares, improvement in earnings per equity share, and enhanced return on equity.

Buyback Timetable

CARE Ratings Buyback and SIS Limited Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. CARE Ratings Buyback Buyback record date is Sep 14, 2022. SIS Limited Buyback Buyback record date is Aug 30, 2022.

  CARE Ratings Limited SIS Limited
Record Date Sep 14, 2022 Aug 30, 2022
Offer Open Date Nov 18, 2022 Oct 04, 2022
Offer Closure Date Dec 01, 2022 Oct 18, 2022
Last date for receipt of tender forms Dec 03, 2022 Oct 27, 2022
Finalisation of buyback Dec 09, 2022 Oct 28, 2022
Last Date for settlment of bids Dec 12, 2022 Oct 31, 2022
Last Date for extinguishment of shares Dec 19, 2022 Nov 07, 2022

Financial Details and Other Relevent Information

Comparison of CARE Ratings 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.

  CARE Ratings Limited SIS Limited
Financial
CARE Ratings Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After Tax
31-Mar-20275.1183.48
31-Mar-21279.7490.97
31-Mar-22274.8276.83
Amount in ₹ Crore
SIS Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-219605.1367.211830.761756.61
31-Mar-2210111.75325.932071.251997.74
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2022 521.80 452.75 484.72
Jul-2022 492.25 410.60 440.55
Jun-2022 485.35 405.35 437.03

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2022 477.00 438.25 452.71
Jun-2022 485.00 435.15 455.06
May-2022 510.20 451.00 480.75
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2022 522.00 452.20 484.75
Jul-2022 492.00 410.15 440.83
Jun-2022 485.00 406.00 437.16

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2022 480.60 435.50 452.79
Jun-2022 485.00 434.90 455.38
May-2022 510.85 451.00 481.12

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