SIS Limited Buyback vs TCI Express Buyback

Comparision between SIS Limited Buyback and TCI Express Buyback.

Buyback Details

SIS Limited Buyback is a Tender Offer buyback proposed to list at BSE while TCI Express Buyback is a Open Market Through Stock Exchange proposed to list at BSE.

SIS Limited

TCI Express Limited

Logo

Type of Buyback

Tender Offer

Open Market Through Stock Exchange

Listing At

BSE

Face Value

₹5 per share

₹2 per share

Buyback Price

₹550 per share

₹2050 per share

Issue Size

14,54,545 shares

Issue Size (Amount)

₹80.00 Crores

₹75.00 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.

Registrar

Link Intime India Private Ltd

Kfin Technologies Limited

Lead Managers

Edelweiss Financial Services Ltd

Motilal Oswal Investment Advisors Limited

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:

1. The Buyback is generally expected to improve return on equity, through distribution of cash and improve eamings per share by reduction in the Equity base, thereby leading to long term increase in Members' value.

Buyback Timetable

SIS Limited Buyback and TCI Express 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. TCI Express Buyback Buyback record date is .

	SIS Limited	TCI Express Limited
Record Date	Aug 30, 2022
Offer Open Date	Oct 04, 2022	Aug 18, 2022
Offer Closure Date	Oct 18, 2022	Feb 13, 2023
Last date for receipt of tender forms	Oct 27, 2022
Finalisation of buyback	Oct 28, 2022
Last Date for settlment of bids	Oct 31, 2022
Last Date for extinguishment of shares	Nov 07, 2022

Financial Details and Other Relevent Information

Comparison of SIS Limited Buyback and TCI Express 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

TCI Express 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

TCI Express Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth
31-Mar-20	1036.33	89.08	337.27
31-Mar-21	851.64	100.6	433.87
31-Mar-22	1089.64	128.84	536.19
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	1790.05	1491.45	1624.13
Jun-2022	1765.65	1551.00	1628.40
May-2022	1889.50	1444.50	1634.72

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

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2022	1790.00	1490.75	1626.09
Jun-2022	1764.95	1554.00	1630.02
May-2022	1898.85	1442.05	1634.95

Compare with others

SIS Limited	TCI Express Limited
SP Apparels Buyback	Shyam Century Ferrous Buyback
Shyam Century Ferrous Buyback	Tanla Platforms Buyback 2022
Tanla Platforms Buyback 2022	Mindteck India Buyback
Mindteck India Buyback	ACC Limited Buyback
ACC Limited Buyback	SIS Limited Buyback
TCI Express Buyback	Granules India Buyback
Granules India Buyback	Suraj Limited Buyback
Suraj Limited Buyback	Quick Heal Technologies Buyback 2022
Quick Heal Technologies Buyback 2022	CARE Ratings Buyback
CARE Ratings Buyback	Techno Electric Buyback

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