Softsol India Buyback 2022 vs Triveni Engineering Buyback 2022

Comparision between Softsol India Buyback 2022 and Triveni Engineering Buyback 2022.

Buyback Details

Softsol India Buyback 2022 is a Tender Offer buyback proposed to list at BSE while Triveni Engineering Buyback 2022 is a Tender Offer proposed to list at BSE, NSE.

Softsol India Limited

Triveni Engineering and Industries Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE

BSE, NSE

Face Value

₹10 per share

₹1 per share

Buyback Price

₹170 per share

₹350 per share

Issue Size

20,58,824 shares

2,28,57,142 shares

Issue Size (Amount)

₹35.00 Crores

₹800.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	9 Equity Shares out of every 11 Fully paid-up Equity Shares held on the Record Date.	308,824.00
General Category for all other Eligible Shareholders	5 Equity Shares out of every 47 Fully paid-up Equity Shares held on the Record Date.	1,750,000.00

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	1 Equity Shares out of every 3 Fully paid-up Equity Shares held on the Record Date.	3,428,572.00
General Category for all other Eligible Shareholders	1 Equity Shares out of every 12 Fully paid-up Equity Shares held on the Record Date.	19,428,570.00

Registrar

Kfin Technologies Limited

Lead Managers

Akasam Consulting Private Limited

Ambit Private 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 improve return on equity by reducing the equity base, thereby leading to a long-term increase in shareholders' value.

The Buyback is being undertaken for the following reasons:

1. The Buyback will help the Company distribute surplus cash to its shareholders holding Equity Shares and promote capital efficiency, thereby increasing shareholders' value and improving return on equity.

2. The Company's dividend pay-out trend and cash reserves, the Company considers appropriate to return surplus funds to the shareholders effectively and efficiently.

Buyback Timetable

Softsol India Buyback 2022 and Triveni Engineering Buyback 2022 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Softsol India Buyback 2022 Buyback record date is Jan 13, 2023. Triveni Engineering Buyback 2022 Buyback record date is Dec 23, 2022.

	Softsol India Limited	Triveni Engineering and Industries Limited
Record Date	Jan 13, 2023	Dec 23, 2022
Offer Open Date	Mar 03, 2023	Feb 16, 2023
Offer Closure Date	Mar 17, 2023	Mar 01, 2023
Last date for receipt of tender forms	Mar 17, 2023	Mar 01, 2023
Finalisation of buyback	Mar 21, 2023	Mar 10, 2023
Last Date for settlment of bids	Mar 23, 2023	Mar 13, 2023
Last Date for extinguishment of shares	Mar 30, 2023	Mar 20, 2023

Financial Details and Other Relevent Information

Comparison of Softsol India Buyback 2022 and Triveni Engineering Buyback 2022 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Softsol India Limited

Triveni Engineering and Industries Limited

Financial

Softsol India Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	27.73	7.72	140.35	123.11
31-Mar-21	26.79	10.85	151.36	134.12
31-Mar-22	26.76	4.33	162.17	144.93
Amount in ₹ Crore

Triveni Engineering and Industries Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	4472.9	335.12	1303.62	1268.5	1547.77
31-Mar-21	4733.75	294.6	1517.35	1480.01	990.48
31-Mar-22	4716.23	424.06	1869.38	1831.81	1575.06
30-Sep-22	2854.67	1454.21	3281.28	3244.26	883.98
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2022	399.00	349.95	371.61
Oct-2022	389.60	366.45	378.66
Sep-2022	381.30	341.00	364.85

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2022	308.85	252.30	277.35
Oct-2022	291.80	249.30	270.63
Sep-2022	294.35	232.80	253.42

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2022	398.70	346.00	371.75
Oct-2022	388.00	367.95	379.02
Sep-2022	382.00	350.80	365.25

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2022	308.90	252.05	277.47
Oct-2022	292.00	247.30	270.58
Sep-2022	294.35	231.60	253.48

Compare with others

Softsol India Limited	Triveni Engineering and Industries Limited
Bajaj Consumer Care Buyback	Indian Energy Exchange Buyback
Freshtrop Fruits Buyback 2022	Softsol India Buyback 2022
Cosmo First Buyback	Tips Industries Buyback 2022
Jenburkt Pharmaceuticals Buyback	eClerx Services Buyback 2022
Indian Energy Exchange Buyback	Technocraft Industries Buyback 2022
Tips Industries Buyback 2022	Balrampur Chini Buyback 2022
eClerx Services Buyback 2022	Windlas Biotech Buyback 2022
Technocraft Industries Buyback 2022	Orbit Exports Buyback
Triveni Engineering Buyback 2022	Jagran Prakashan Buyback 2022
Balrampur Chini Buyback 2022	Triveni Turbine Buyback

Comments

Add a public comment...