Granules India Buyback vs SIS Limited Buyback

Comparision between Granules India Buyback and SIS Limited Buyback.

Buyback Details

Granules India Buyback is a Tender Offer buyback proposed to list at BSE while SIS Limited Buyback is a Tender Offer proposed to list at BSE.

Granules India Limited

SIS Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE

Face Value

₹1 per share

₹5 per share

Buyback Price

₹400 per share

₹550 per share

Issue Size

62,50,000 shares

14,54,545 shares

Issue Size (Amount)

₹250.00 Crores

₹80.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	1 Equity Share out of every 20 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	19 Equity Shares out of every 821 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

Motilal Oswal Investment Advisors Limited

Edelweiss Financial Services Ltd

Necessity of the buyback

The buyback is being undertaken for the following reasons:

1. The Buyback will help the Company to distribute surplus cash to its members holding Equity Shares thereby enhancing the overall return for them.

2. The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by the reduction in the equity base of the Company, thereby leading to a long-term increase in shareholders' value.

The Buyback is being undertaken for the following reasons:

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.
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.
The Buyback may lead to a reduction in outstanding Equity Shares, improvement in earnings per equity share, and enhanced return on equity.

Buyback Timetable

Granules India Buyback and SIS Limited Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Granules India Buyback Buyback record date is Aug 23, 2022. SIS Limited Buyback Buyback record date is Aug 30, 2022.

	Granules India Limited	SIS Limited
Record Date	Aug 23, 2022	Aug 30, 2022
Offer Open Date	Sep 27, 2022	Oct 04, 2022
Offer Closure Date	Oct 11, 2022	Oct 18, 2022
Last date for receipt of tender forms	Oct 11, 2022	Oct 27, 2022
Finalisation of buyback	Oct 19, 2022	Oct 28, 2022
Last Date for settlment of bids	Oct 20, 2022	Oct 31, 2022
Last Date for extinguishment of shares	Oct 25, 2022	Nov 07, 2022

Financial Details and Other Relevent Information

Comparison of Granules India 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.

Granules India Limited

SIS Limited

Financial

Granules India Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth
31-Mar-20	2635.2	335.4	1843.72
31-Mar-21	3264.42	549.46	2173.27
31-Mar-22	3264.42	549.46	2173.27
Amount in ₹ Crore

SIS Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-21	9605.1	367.21	1830.76	1756.61
31-Mar-22	10111.75	325.93	2071.25	1997.74
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2022	313.25	269.05	295.66
Jun-2022	281.90	227.00	261.12
May-2022	285.00	232.15	260.33

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
Jul-2022	313.30	268.90	295.71
Jun-2022	282.00	226.95	261.08
May-2022	285.00	232.10	260.37

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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ACC Limited Buyback	Tanla Platforms Buyback 2022
SIS Limited Buyback	Mindteck India Buyback
TCI Express Buyback	ACC Limited Buyback
Suraj Limited Buyback	TCI Express Buyback
Quick Heal Technologies Buyback 2022	Granules India Buyback
CARE Ratings Buyback	Suraj Limited Buyback
Techno Electric Buyback	Quick Heal Technologies Buyback 2022
Marksans Pharma Buyback	CARE Ratings Buyback

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