Granules India Buyback vs Suraj Limited Buyback

Comparision between Granules India Buyback and Suraj Limited Buyback.

Buyback Details

Granules India Buyback is a Tender Offer buyback proposed to list at BSE while Suraj Limited Buyback is a Tender Offer proposed to list at BSE.

Granules India Limited

Suraj Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE

Face Value

₹1 per share

₹10 per share

Buyback Price

₹400 per share

₹77 per share

Issue Size

62,50,000 shares

9,00,000 shares

Issue Size (Amount)

₹250.00 Crores

₹6.93 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	1 Equity Share out of every 20 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	19 Equity Shares out of every 821 Fully paid-up Equity Shares held on the Record Date.

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	184 Equity Share out of every 813 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	37 Equity Shares out of every 663 Fully paid-up Equity Shares held on the Record Date.

Registrar

Kfin Technologies Limited

Bigshare Services Pvt Ltd

Lead Managers

Motilal Oswal Investment Advisors Limited

Beeline Capital Advisors Pvt Ltd

Necessity of the buyback

The buyback is being undertaken for the following reasons:

1. The Buyback will help the Company to distribute surplus cash to its members holding Equity Shares thereby enhancing the overall return for them.

2. The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by the reduction in the equity base of the Company, thereby leading to a long-term increase in shareholders' value.

The buyback is being undertaken for the following reasons:

The Buyback will help the Company to distribute a part of the surplus cash to its shareholders holding Equity Shares thereby, optimizing returns to the shareholders and enhancing the overall shareholders' value in longer term and improving the return on equity.
The Buyback is being undertaken, inter alia, for helping the Company to return surplus cash to the Eligible Shareholders broadly in proportion to their shareholding, thereby, enhancing the overall return to the Equity Shareholders.

Buyback Timetable

Granules India Buyback and Suraj Limited Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Granules India Buyback Buyback record date is Aug 23, 2022. Suraj Limited Buyback Buyback record date is Aug 20, 2022.

	Granules India Limited	Suraj Limited
Record Date	Aug 23, 2022	Aug 20, 2022
Offer Open Date	Sep 27, 2022	Sep 14, 2022
Offer Closure Date	Oct 11, 2022	Sep 27, 2022
Last date for receipt of tender forms	Oct 11, 2022	Sep 27, 2022
Finalisation of buyback	Oct 19, 2022	Oct 06, 2022
Last Date for settlment of bids	Oct 20, 2022	Oct 07, 2022
Last Date for extinguishment of shares	Oct 25, 2022	Oct 14, 2022

Financial Details and Other Relevent Information

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

Granules India Limited

Suraj Limited

Financial

Granules India Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth
31-Mar-20	2635.2	335.4	1843.72
31-Mar-21	3264.42	549.46	2173.27
31-Mar-22	3264.42	549.46	2173.27
Amount in ₹ Crore

Suraj Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth
31-Mar-20	177.03	1.01	87.77
31-Mar-21	192.38	1.37	89.14
31-Mar-22	348.76	3	92.17
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2022	313.25	269.05	295.66
Jun-2022	281.90	227.00	261.12
May-2022	285.00	232.15	260.33

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2022	76.45	62.05	69.25
Jun-2022	73.60	61.05	67.33
May-2022	80.00	63.30	71.65

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2022	313.30	268.90	295.71
Jun-2022	282.00	226.95	261.08
May-2022	285.00	232.10	260.37

Compare with others

Granules India Limited	Suraj Limited
Tanla Platforms Buyback 2022	Mindteck India Buyback
Mindteck India Buyback	ACC Limited Buyback
ACC Limited Buyback	SIS Limited Buyback
SIS Limited Buyback	TCI Express Buyback
TCI Express Buyback	Granules India Buyback
Suraj Limited Buyback	Quick Heal Technologies Buyback 2022
Quick Heal Technologies Buyback 2022	CARE Ratings Buyback
CARE Ratings Buyback	Techno Electric Buyback
Techno Electric Buyback	Marksans Pharma Buyback
Marksans Pharma Buyback	Bajaj Auto Buyback

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