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Shriram Pistons & Rings Buyback vs Star Cement Buyback

Comparison between Shriram Pistons & Rings Buyback and Star Cement Buyback.

Buyback Details

Shriram Pistons & Rings Buyback is a Tender Offer buyback proposed to list at NSE while Star Cement Buyback is a Tender Offer proposed to list at BSE, NSE.

 Shriram Pistons & Rings Ltd.Star Cement Ltd.
LogoShriram Pistons & Rings Buyback LogoStar Cement Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtNSEBSE, NSE
Face Value₹10 per share₹1 per share
Buyback Price₹1020 per share₹150 per share
Issue Size3,50,000 shares82,48,580 shares
Issue Size (Amount)₹35.70 Crores₹123.73 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 426 Equity Shares out of every 485 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 2 Equity Shares out of every 151 fully paid-up Equity Shares held on the Record Date.
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 6 Equity Shares out of every 47 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 2 Equity Shares out of every 115 fully paid-up Equity Shares held on the Record Date.
RegistrarAlankit Assignments Ltd.Maheshwari Datamatics Pvt.Ltd.
Lead ManagersEdelweiss Financial Services Ltd.Narnolia Financial Services Ltd.
Necessity of the buyback

The Buyback aims to :
i) Return surplus cash to the shareholders, thereby, optimizing returns to the shareholders and enhancing the overall shareholders’ value.
ii) Improve Return on Equity, Earnings per share, enhance return on invested capital, and thereby enhance shareholder value in the long term.

The Buyback aims to :
i) Return surplus cash to the shareholders, thereby, optimizing returns to the shareholders and enhancing the overall shareholders’ value.
ii) Improve Return on Equity, Earnings per share, enhance return on invested capital, and thereby enhance shareholder value in the long term.
iii) The Buyback will help in optimizing the capital structure.

Buyback Timetable

Shriram Pistons & Rings Buyback and Star Cement Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Shriram Pistons & Rings Buyback Buyback record date is Aug 12, 2021. Star Cement Buyback Buyback record date is Aug 26, 2021.

 Shriram Pistons & Rings Ltd.Star Cement Ltd.
Record DateAug 12, 2021Aug 26, 2021
Offer Open DateSep 17, 2021Sep 22, 2021
Offer Closure DateSep 30, 2021Oct 05, 2021
Last date for receipt of tender formsOct 04, 2021Oct 07, 2021
Finalisation of buybackOct 07, 2021Oct 13, 2021
Last Date for settlment of bidsOct 11, 2021Oct 14, 2021
Last Date for extinguishment of sharesOct 18, 2021Oct 21, 2021

Financial Details and Other Relevent Information

Comparison of Shriram Pistons & Rings Buyback and Star Cement Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Shriram Pistons & Rings Ltd.Star Cement Ltd.
Financial
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs.in Million)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 16,161.75 16,266.12 19,785.35
Profit After Tax 887.51 730.35 1,384.50
Net Worth 11,384.15 10,607.72 10,166.92
Reserves and Surplus 10,772.12 9,994.55 9,837.00
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs.in Crores)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 1,685.16 1,801.33 1,734.88
Profit After Tax 157.27 218.70 255.89
Net Worth 1,268.45 1,111.17 1,044.87
Reserves and Surplus 1,227.20 1,069.93 1,002.95
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2021 119.00 107.00 111.73
Jun-2021 117.90 101.10 109.23
May-2021 115.00 98.00 106.07
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2021 1113.75 878.00 953.26
Jun-2021 1048.80 746.00 852.27
May-2021 870.95 740.85 784.36

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2021 119.25 106.85 111.76
Jun-2021 117.95 101.05 109.30
May-2021 115.30 99.80 106.24

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