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Suprajit Engineering Buyback 2024 vs Vls Finance Buyback 2024

Comparision between Suprajit Engineering Buyback 2024 and Vls Finance Buyback 2024.

Buyback Details

Suprajit Engineering Buyback 2024 is a Tender Offer buyback proposed to list at BSE, NSE while Vls Finance Buyback 2024 is a Tender Offer proposed to list at BSE, NSE.

  Suprajit Engineering Ltd. Vls Finance Ltd.
Logo Suprajit Engineering Buyback 2024 Logo Vls Finance Buyback 2024 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹1 per share ₹10 per share
Buyback Price ₹750 per share ₹380 per share
Issue Size 15,00,000 shares 33,00,000 shares
Issue Size (Amount) ₹112.50 Crores ₹125.40 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders3 Equity Shares out of every 62 Fully paid-up Equity Shares held on the Record Date.2,25,000
General Category for all other Eligible Shareholders1 Equity Shares out of every 105 Fully paid-up Equity Shares held on the Record Date.12,75,000
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders71 Equity Shares out of every 368 Fully paid-up Equity Shares held on the Record Date.5,65,316
General Category for all other Eligible Shareholders71 Equity Shares out of every 368 Fully paid-up Equity Shares held on the Record Date.27,34,684
Registrar Integrated Registry Management Services Private Limited Rcmc Share Registry Private Limited
Lead Managers Finshore Management Services Limited New Berry Capitals Private Limited
Necessity of the buyback

The Buyback is being undertaken for the following reasons:

  1. The buyback will help the company return surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding.
  2. The buyback consists of a reservation for the small shareholder. The company believes that this reservation for small shareholders would benefit many public shareholders who would be classified as "small shareholders".
  3. The buyback may help improve financial ratios like return on equity, by reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
  4. The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in place of Equity Shares or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer.

Having regards to the healthy cash flows that the Company has been able to consistently generate, the future projected cash flows of the Company and the anticipated funds required for capital expenditure and working capital to meet the expected future growth of the Company, the Buy-back is expected to achieve the following objectives:

  • optimize returns to shareholders;
  • enhance overall shareholders' value; and
  • optimize the capital structure

The Buy Back, which is being implemented through the Tender Offer as prescribed under the SEBI Buy Back Regulations, would involve allocation of 15% of number of Equity Shares that the Company proposes to Buy Back or several Equity Shares entitled as per the shareholding of Small Shareholders, whichever is higher, to Small Shareholders. The Company believes that this reservation of 15% for

The Buyback gives the shareholders holding Equity Shares of the Company the option to either (i) participate and receive cash instead of Equity Shares to be accepted under the Buyback Offer or (ii) choose not to participate and enjoy a resultant increase in their percentage shareholding post-buyback Offer without additional investment.

Buyback Timetable

Suprajit Engineering Buyback 2024 and Vls Finance Buyback 2024 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Suprajit Engineering Buyback 2024 Buyback record date is Aug 27, 2024. Vls Finance Buyback 2024 Buyback record date is Aug 26, 2024.

  Suprajit Engineering Ltd. Vls Finance Ltd.
Record Date Aug 27, 2024 Aug 26, 2024
Offer Open Date Sep 02, 2024 Aug 30, 2024
Offer Closure Date Sep 06, 2024 Sep 05, 2024
Last date for receipt of tender forms Sep 06, 2024 Sep 05, 2024
Finalisation of buyback Sep 12, 2024 Sep 12, 2024
Last Date for settlment of bids Sep 13, 2024 Sep 13, 2024
Last Date for extinguishment of shares Sep 24, 2024 Sep 23, 2024

Financial Details and Other Relevent Information

Comparison of Suprajit Engineering Buyback 2024 and Vls Finance Buyback 2024 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Suprajit Engineering Ltd. Vls Finance Ltd.
Financial

Suprajit Engineering Ltd. Financial Information (Restated Consolidated)

Suprajit Engineering Ltd.'s revenue increased by 6% and profit after tax (PAT) rose by 10% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets2,434.521,738.531,713.27
Revenue2,955.782,790.991,877.121,674.45
Profit After Tax167.27152.11173.08142.71
Net Worth1,362.191,224.481,083.97
Reserves and Surplus1,086.01926.76897.54
Amount in ₹ Crore

Vls Finance Ltd. Financial Information (Restated Consolidated)

Vls Finance Ltd.'s revenue increased by 395% and profit after tax (PAT) rose by 479% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets3,062.833,684.993,068.38
Revenue418.284.4232.34222.18
Profit After Tax324.3355.97210.22221.36
Net Worth1,589.531,111.921,113.75
Reserves and Surplus1,457.981,670.981,313.56
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2024 565.95 504.90 527.71
Jun-2024 530.25 398.10 493.05
May-2024 455.95 398.05 414.65

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2024 337.95 289.05 306.47
Jun-2024 308.60 234.00 267.22
May-2024 297.25 242.05 259.75
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2024 565.95 500.55 527.26
Jun-2024 530.00 399.00 489.30
May-2024 457.00 398.05 414.67

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2024 337.15 291.00 306.45
Jun-2024 309.50 234.00 267.22
May-2024 300.05 241.85 259.80

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