SIS Limited Buyback vs Suraj Limited Buyback

Comparision between SIS Limited Buyback and Suraj Limited Buyback.

Buyback Details

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

SIS Limited

Suraj Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE

Face Value

₹5 per share

₹10 per share

Buyback Price

₹550 per share

₹77 per share

Issue Size

14,54,545 shares

9,00,000 shares

Issue Size (Amount)

₹80.00 Crores

₹6.93 Crores

Buyback Ratio

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.

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	184 Equity Share out of every 813 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	37 Equity Shares out of every 663 Fully paid-up Equity Shares held on the Record Date.

Registrar

Link Intime India Private Ltd

Bigshare Services Pvt Ltd

Lead Managers

Edelweiss Financial Services Ltd

Beeline Capital Advisors Pvt Ltd

Necessity of the buyback

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.

The buyback is being undertaken for the following reasons:

The Buyback will help the Company to distribute a part of the surplus cash to its shareholders holding Equity Shares thereby, optimizing returns to the shareholders and enhancing the overall shareholders' value in longer term and improving the return on equity.
The Buyback is being undertaken, inter alia, for helping the Company to return surplus cash to the Eligible Shareholders broadly in proportion to their shareholding, thereby, enhancing the overall return to the Equity Shareholders.

Buyback Timetable

SIS Limited Buyback and Suraj Limited Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. SIS Limited Buyback Buyback record date is Aug 30, 2022. Suraj Limited Buyback Buyback record date is Aug 20, 2022.

	SIS Limited	Suraj Limited
Record Date	Aug 30, 2022	Aug 20, 2022
Offer Open Date	Oct 04, 2022	Sep 14, 2022
Offer Closure Date	Oct 18, 2022	Sep 27, 2022
Last date for receipt of tender forms	Oct 27, 2022	Sep 27, 2022
Finalisation of buyback	Oct 28, 2022	Oct 06, 2022
Last Date for settlment of bids	Oct 31, 2022	Oct 07, 2022
Last Date for extinguishment of shares	Nov 07, 2022	Oct 14, 2022

Financial Details and Other Relevent Information

Comparison of SIS Limited Buyback and Suraj 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.

SIS Limited

Suraj Limited

Financial

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

Suraj Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth
31-Mar-20	177.03	1.01	87.77
31-Mar-21	192.38	1.37	89.14
31-Mar-22	348.76	3	92.17
Amount in ₹ Crore

Stock price at BSE

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 BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2022	76.45	62.05	69.25
Jun-2022	73.60	61.05	67.33
May-2022	80.00	63.30	71.65

Stock price at NSE

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

Compare with others

SIS Limited	Suraj Limited
SP Apparels Buyback	Mindteck India Buyback
Shyam Century Ferrous Buyback	ACC Limited Buyback
Tanla Platforms Buyback 2022	SIS Limited Buyback
Mindteck India Buyback	TCI Express Buyback
ACC Limited Buyback	Granules India 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	Bajaj Auto Buyback

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