Shriram Pistons & Rings Buyback vs Star Cement Buyback

Comparision 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 Limited

Star Cement Limited

Logo

Type of Buyback

Tender Offer

Listing At

NSE

BSE, NSE

Face Value

₹10 per share

₹1 per share

Buyback Price

₹1020 per share

₹150 per share

Issue Size

3,50,000 shares

82,48,580 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.

Registrar

Alankit Assignments Ltd

Maheshwari Datamatics Pvt. Ltd

Lead Managers

Edelweiss 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.

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 Limited	Star Cement Limited
Record Date	Aug 12, 2021	Aug 26, 2021
Offer Open Date	Sep 17, 2021	Sep 22, 2021
Offer Closure Date	Sep 30, 2021	Oct 05, 2021
Last date for receipt of tender forms	Oct 04, 2021	Oct 07, 2021
Finalisation of buyback	Oct 07, 2021	Oct 13, 2021
Last Date for settlment of bids	Oct 11, 2021	Oct 14, 2021
Last Date for extinguishment of shares	Oct 18, 2021	Oct 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 Limited

Star Cement Limited

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

Compare with others

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Star Cement Buyback	Rishiroop Limited Buyback
Gandhi Special Tubes Limited Buyback	Mahalaxmi Rubtech Buyback
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Kaveri Seed Buyback	Shriram Pistons & Rings Buyback
Balrampur Chini Mills Buyback	Rsystems Buyback
Tanla Platforms Buyback	Kaveri Seed Buyback
Infosys Buyback	Balrampur Chini Mills Buyback

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