Sinclairs Hotels Buyback 2023 vs Siyaram Silk Mills Buyback 2023

Comparision between Sinclairs Hotels Buyback 2023 and Siyaram Silk Mills Buyback 2023.

Buyback Details

Sinclairs Hotels Buyback 2023 is a Tender Offer buyback proposed to list at BSE while Siyaram Silk Mills Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.

Sinclairs Hotels Limited

Siyaram Silk Mills Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE

BSE, NSE

Face Value

₹2 per share

Buyback Price

₹200 per share

₹720 per share

Issue Size

15,20,000 shares

14,99,992 shares

Issue Size (Amount)

₹30.40 Crores

₹108.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	1 Equity Shares out of every 10 Fully paid-up Equity Shares held on the Record Date.	228,000.00
General Category for all other Eligible Shareholders	1 Equity Shares out of every 20 Fully paid-up Equity Shares held on the Record Date.	1,292,000.00

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	53 Equity Shares out of every 457 Fully paid-up Equity Shares held on the Record Date.	224,999.00
General Category for all other Eligible Shareholders	21 Equity Shares out of every 739 Fully paid-up Equity Shares held on the Record Date.	1,274,993.00

Registrar

Niche Technologies Pvt. Ltd

Link Intime India Private Ltd

Lead Managers

Skp Securities Limited

Vivro Financial Services Private Limited

Necessity of the buyback

The proposed Buy-back will help the Company achieve the following objectives:

To return surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
The Buy Back, which is being implemented through the tender offer involving a reservation for Small Shareholders of 15%. The Company believes that this reservation of 15% for Small Shareholders would benefit a large number of public shareholders.
The Buy Back may help in improving return on equity.
The Buy Back gives an option to the shareholders holding Equity Shares of the Company, to either choose to participate and get cash in lieu of Equity Shares or choose not to participate and enjoy a resultant increase in their percentage shareholding.

The Buy Back is being proposed by the Company to fulfill the following objectives:

The Buy Back will help the Company to return surplus cash to its shareholders.
The Buy Back, which is being implemented through the tender offer involving a reservation for Small Shareholders of 15%. The Company believes that this reservation of 15% for Small Shareholders would benefit a large number of public shareholders.
The Buy-back will help in improving financial ratios like earnings per share, return on assets, and return on equity calculated on the basis of financial statements, by reducing the equity base of the Company.
The Buy Back gives an option to the shareholders holding Equity Shares of the Company, to either choose to participate and get cash in lieu of Equity Shares or choose not to participate and enjoy a resultant increase in their percentage shareholding.

Buyback Timetable

Sinclairs Hotels Buyback 2023 and Siyaram Silk Mills Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Sinclairs Hotels Buyback 2023 Buyback record date is Sep 29, 2023. Siyaram Silk Mills Buyback 2023 Buyback record date is Sep 18, 2023.

	Sinclairs Hotels Limited	Siyaram Silk Mills Limited
Record Date	Sep 29, 2023	Sep 18, 2023
Offer Open Date	Oct 06, 2023	Sep 25, 2023
Offer Closure Date	Oct 12, 2023	Oct 03, 2023
Last date for receipt of tender forms	Oct 12, 2023	Oct 03, 2023
Finalisation of buyback	Oct 18, 2023	Oct 09, 2023
Last Date for settlment of bids	Oct 19, 2023	Oct 10, 2023
Last Date for extinguishment of shares	Oct 31, 2023	Oct 19, 2023

Financial Details and Other Relevent Information

Comparison of Sinclairs Hotels Buyback 2023 and Siyaram Silk Mills Buyback 2023 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Sinclairs Hotels Limited

Siyaram Silk Mills Limited

Financial

Sinclairs Hotels Limited Financial Information (Restated Standalone)

Sinclairs Hotels Limited's revenue increased by 67% and profit after tax (PAT) rose by 338.21% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets
Revenue	57.33	34.33	23.14
Profit After Tax	31.23	7.13	3.51
Net Worth	124.33	108.32	103.34
Reserves and Surplus
Total Borrowing
Amount in ₹ Crore

Siyaram Silk Mills Buyback 2023 Financial Information (Restated Consolidated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	1,503.23	1,210.49	1,512.90	1,636.73
Revenue	1,733.11	1,130.09	1,939.42	2,272.77
Profit After Tax	69.25	3.58	216.24	250.99
Net Worth
Reserves and Surplus
Total Borrowing	431.83	160.46	253.18	190.94

Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Aug-2023	170.00	144.00	161.27
Jul-2023	155.00	112.00	139.19
Jun-2023	130.00	115.00	123.07

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2023	575.00	534.90	553.43
Jun-2023	567.30	519.35	541.40
May-2023	584.55	486.60	529.33

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2023	575.00	534.10	553.40
Jun-2023	567.70	519.00	541.55
May-2023	584.60	486.95	529.34

Compare with others

Sinclairs Hotels Limited	Siyaram Silk Mills Limited
Gujarat Narmada Valley Fertilizers Buyback 2023	Elegant Marbles & Grani Industries Buyback 2023
Atul Buyback 2023	Gujarat Narmada Valley Fertilizers Buyback 2023
Somany Ceramics Buyback 2023	Atul Buyback 2023
Tata Consultancy Services Buyback 2023	Somany Ceramics Buyback 2023
Siyaram Silk Mills Buyback 2023	Tata Consultancy Services Buyback 2023
KRBL Buyback 2023	Sinclairs Hotels Buyback 2023
FDC Buyback 2023	KRBL Buyback 2023
CL Educate Buyback 2023	FDC Buyback 2023
Control Print (India) Buyback 2023	CL Educate Buyback 2023
Piramal Enterprises Buyback 2023	Control Print (India) Buyback 2023

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