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SP Apparels Buyback vs Tanla Platforms Buyback 2022

Comparison between SP Apparels Buyback and Tanla Platforms Buyback 2022.

Buyback Details

SP Apparels Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Tanla Platforms Buyback 2022 is a Tender Offer proposed to list at BSE, NSE.

 S.P. Apparels LtdTanla Platforms Ltd.
LogoSP Apparels Buyback LogoTanla Platforms Buyback 2022 Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹10 per share₹1 per share
Buyback Price₹585 per share₹1200 per share
Issue Size6,00,000 shares14,16,667 shares
Issue Size (Amount)₹35.10 Crores₹170.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 2 Equity Share out of every 27 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 1 Equity Shares out of every 48 Fully paid-up Equity Shares held on the Record Date.
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 17 Equity Share out of every 625 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 11 Equity Shares out of every 1169 Fully paid-up Equity Shares held on the Record Date.
RegistrarMUFG Intime India Pvt.Ltd.Kfin Technologies Ltd.
Lead ManagersMotilal Oswal Investment Advisors Ltd.HDFC Bank Ltd.
Necessity of the buyback

The Buyback is being undertaken for the following reasons:

  • The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares thereby, enhancing the overall return to shareholders.
  • The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by a reduction in the equity base of the Company, 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 to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
    2. 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.

    Buyback Timetable

    SP Apparels Buyback and Tanla Platforms Buyback 2022 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. SP Apparels Buyback Buyback record date is Oct 07, 2022. Tanla Platforms Buyback 2022 Buyback record date is Oct 25, 2022.

     S.P. Apparels LtdTanla Platforms Ltd.
    Record DateOct 07, 2022Oct 25, 2022
    Offer Open DateNov 03, 2022Dec 20, 2022
    Offer Closure DateNov 17, 2022Jan 02, 2023
    Last date for receipt of tender formsNov 17, 2022Jan 02, 2023
    Finalisation of buybackNov 25, 2022Jan 10, 2023
    Last Date for settlment of bidsNov 28, 2022Jan 11, 2023
    Last Date for extinguishment of sharesDec 05, 2022Jan 18, 2023

    Financial Details and Other Relevent Information

    Comparison of SP Apparels Buyback and Tanla Platforms 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.

     S.P. Apparels LtdTanla Platforms Ltd.
    Financial
    S.P. Apparels Ltd Financial Information (Restated)
    Period EndedTotal RevenueProfit After TaxNet WorthTotal Borrowing
    31-Mar-20832.6746.92523.22226.25
    31-Mar-21653.6943.17558.38194.15
    31-Mar-22868.9284.69637.77231.31
    Amount in ₹ Crore
    Tanla Platforms Limited Financial Information (Restated)
    Period EndedTotal RevenueProfit After TaxNet WorthReserves and Surplus
    31-Mar-201955.2-211.17701.73687.14
    31-Mar-212363.4356.14893.1879.5
    31-Mar-223222.1539.281354.041340.47
    Amount in ₹ Crore
    Stock price at BSE

    Stock price at BSE (in preceding 3 months)

    Month High Price Low Price Average Price
    Aug-2022 463.50 376.10 428.72
    Jul-2022 414.00 359.40 377.24
    Jun-2022 397.50 326.00 359.89

    Stock price at BSE (in preceding 3 months)

    Month High Price Low Price Average Price
    Apr-2022 1638.20 1402.80 1501.19
    May-2022 1503.65 1144.00 1278.79
    Jun-2022 1447.00 938.50 1155.91
    Stock price at NSE

    Stock price at NSE (in preceding 3 months)

    Month High Price Low Price Average Price
    Aug-2022 463.75 375.30 428.64
    Jul-2022 414.90 360.00 377.40
    Jun-2022 398.00 326.05 359.84

    Stock price at NSE (in preceding 3 months)

    Month High Price Low Price Average Price
    Apr-2022 893.80 710.20 779.44
    May-2022 825.00 684.00 736.80
    Jun-2022 1025.00 584.50 915.73

    Compare with others

    S.P. Apparels LtdTanla Platforms Ltd.
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    Compare:

    SP Apparels Buyback and Tanla Platforms Buyback 2022