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Cigniti Technologies Buyback vs SMC Global Securities Buyback

Comparision between Cigniti Technologies Buyback and SMC Global Securities Buyback.

Buyback Details

Cigniti Technologies Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while SMC Global Securities Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

  Cigniti Technologies Limited SMC Global Securities Ltd
Logo Cigniti Technologies Buyback Logo SMC Global Securities Buyback Logo
Type of Buyback Open Market Through Stock Exchange Open Market Through Stock Exchange
Listing At BSE, NSE BSE, NSE
Face Value ₹10 per share ₹2 per share
Buyback Price ₹500 per share ₹115 per share
Issue Size
Issue Size (Amount) ₹38.00 Crores ₹75.00 Crores
Buyback Ratio
Registrar Aarthi Consultants Pvt Ltd. Link Intime India Private Ltd
Lead Managers Bajaj Capital Limited Corporate Professionals Capital Private Ltd
Necessity of the buyback

The buyback is being undertaken for the following reason:

1. The Buyback would help in improving its return on equity, by reducing the equity base, thereby leading to a long term increase in shareholders' value.

The buyback aims to utilize the net proceeds towards the following objectives:

  • To improve the return on equity through the distribution of cash.
  • To improve earnings per share by reducing the equity base, thereby leading to a long-term increase in the value of shareholders.
  • The Buyback offer is a strategic decision of the company taken based on the assimilation of the operational cash needs in the medium term and for returning surplus funds to the members effectively and efficiently.

Buyback Timetable

Cigniti Technologies Buyback and SMC Global Securities Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Cigniti Technologies Buyback Buyback record date is . SMC Global Securities Buyback Buyback record date is .

  Cigniti Technologies Limited SMC Global Securities Ltd
Record Date
Offer Open Date May 27, 2022 May 20, 2022
Offer Closure Date Jun 29, 2022 Aug 16, 2022
Last date for receipt of tender forms
Finalisation of buyback
Last Date for settlment of bids
Last Date for extinguishment of shares

Financial Details and Other Relevent Information

Comparison of Cigniti Technologies Buyback and SMC Global Securities Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Cigniti Technologies Limited SMC Global Securities Ltd
Financial
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Lakhs)
  31-Mar-22 31-Mar-21 31-Mar-20
Total Income 125,524.01 90,997.96 89,360.16
Profit After Tax 9,174.41 10,534.50 12,159.99
Net Worth 45,872.84 38,310.93 26,197.79
Reserves and Surplus 43,067.59 35,508.93 23,413.16
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Lakhs)
  31-Mar-22 31-Mar-21 31-Mar-20
Total Income 1,12,082.08 90,820.11 78,413.45
Profit After Tax 17,456.85 10,501.53 2,386.17
Net Worth 92,610.38 77,270.90 68,141.91
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Apr-2022 494.85 427.85 455.00
Mar-2022 547.00 405.00 459.11
Feb-2022 558.00 482.00 520.90

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Apr-2022 86.80 77.75 82.13
Mar-2022 82.30 69.05 75.71
Feb-2022 89.00 68.55 77.98
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Apr-2022 494.80 428.80 460.49
Mar-2022 527.50 410.00 455.96
Feb-2022 547.80 490.00 517.57

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Apr-2022 86.40 73.85 82.48
Mar-2022 82.00 69.80 75.45
Feb-2022 88.65 70.05 79.71

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