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Rane Brake Buyback vs Sreeleathers Buyback

Comparision between Rane Brake Buyback and Sreeleathers Buyback.

Buyback Details

Rane Brake Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Sreeleathers Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

  Rane Brake Lining Limited Sreeleathers Limited
Logo Rane Brake Buyback Logo Sreeleathers 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 ₹10 per share
Buyback Price ₹825 per share ₹160 per share
Issue Size
Issue Size (Amount) ₹22.00 Crores ₹32.00 Crores
Buyback Ratio
Registrar Integrated Registry Management Services Private Limited Niche Technologies Pvt. Ltd
Lead Managers Ambit Private Limited Mark Corporate Advisors Private Limited
Necessity of the buyback

The Buyback is undertaken by the company to:
(i) Reduce outstanding number of shares and consequently increase EPS assuming same profits are earned.
(ii) Effectively utilize available cash.
(iii) Improve key ratios like Return on Equity Capital.

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

Buyback Timetable

Rane Brake Buyback and Sreeleathers Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Rane Brake Buyback Buyback record date is . Sreeleathers Buyback Buyback record date is .

  Rane Brake Lining Limited Sreeleathers Limited
Record Date
Offer Open Date Oct 27, 2020 Dec 04, 2020
Offer Closure Date Apr 26, 2021 Jun 03, 2021
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 Rane Brake 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.

  Rane Brake Lining Limited Sreeleathers Limited
Financial
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Crores)
31-Mar-20 31-Mar-19 31-Mar-18
Revenue from operations 470.98 513.89 482.29
Profit After Tax 34.34 36.53 35.75
Net-worth 228.82 209.77 188.21
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
Sep-2020 624.00 523.00 574.00
Aug-2020 670.00 514.00 574.00
Jul-2020 605.00 514.00 549.00

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
Sep-2020 625.00 521.00 574.00
Aug-2020 670.00 512.00 574.00
Jul-2020 605.00 517.00 549.00

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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