Engineers India Buyback vs Sreeleathers Buyback

Comparison between Engineers India Buyback and Sreeleathers Buyback.

Buyback Details

Engineers India Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Sreeleathers Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

 Engineers India Ltd.Sreeleathers Ltd.
LogoEngineers India Buyback LogoSreeleathers Buyback Logo
Type of BuybackTender OfferOpen Market Through Stock Exchange
Listing AtBSE, NSEBSE, NSE
Face Value₹5 per share₹10 per share
Buyback Price₹84 per share₹160 per share
Issue Size6,98,69,047 shares
Issue Size (Amount)₹586.90 Crores₹32.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 119 Equity Shares out of every 828 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 80 Equity Shares out of every 753 fully paid-up Equity Shares held on the Record Date.
RegistrarAlankit Assignments Ltd.Niche Technologies Pvt.Ltd.
Lead ManagersIDBI Capital Markets & Securities Ltd.Mark Corporate Advisors Pvt.Ltd.
Necessity of the buyback

The Buyback offered is undertaken by the Company:
i) To return surplus cash to its members.
ii) To help improve return on equity and thus increase shareholder's value.
iii) To optimize the capital structure.

The buyback is undertaken by the company to:
i) Effectively utilize its surplus funds.
ii) Enhance overall long term shareholders value.

Buyback Timetable

Engineers India Buyback and Sreeleathers Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Engineers India Buyback Buyback record date is Jan 01, 2021. Sreeleathers Buyback Buyback record date is .

 Engineers India Ltd.Sreeleathers Ltd.
Record DateJan 01, 2021
Offer Open DateJan 22, 2021Dec 04, 2020
Offer Closure DateFeb 05, 2021Jun 03, 2021
Last date for receipt of tender formsFeb 08, 2021
Finalisation of buybackFeb 12, 2021
Last Date for settlment of bidsFeb 15, 2021
Last Date for extinguishment of sharesFeb 22, 2021

Financial Details and Other Relevent Information

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

 Engineers India Ltd.Sreeleathers Ltd.
Financial
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Crores)
31-Mar-20 31-Mar-19 31-Mar-18
Total Revenue 3,461.09 2,669.42 1,967.05
Profit After Tax 430.24 370.07 377.87
Net Worth 2,345.46 2,275.85 2,267.87
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Million)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 1,733.68 1,680.96 1,428.91
Profit After Tax 287.60 310.81 213.72
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2020 74.95 63.90 69.75
Oct-2020 69.00 60.50 64.30
Sep-2020 72.25 63.45 66.25

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2020 136.00 130.00 133.00
Sep-2020 145.00 130.00 139.00
Aug-2020 152.00 130.00 140.00
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2020 74.95 63.80 69.76
Oct-2020 69.00 60.40 64.29
Sep-2020 72.30 63.50 66.21

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2020 136.00 129.00 133.00
Sep-2020 146.00 130.00 138.00
Aug-2020 153.00 130.00 143.00

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Engineers India Buyback and Sreeleathers Buyback