Comparison between Marksans Pharma Buyback and Suraj Limited Buyback.
Marksans Pharma Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Suraj Limited Buyback is a Tender Offer proposed to list at BSE.
| Marksans Pharma Ltd | Suraj Ltd. | |||||||
|---|---|---|---|---|---|---|---|---|
| Logo |  |  | ||||||
| Type of Buyback | Open Market Through Stock Exchange | Tender Offer | ||||||
| Listing At | BSE, NSE | BSE | ||||||
| Face Value | ₹1 per share | ₹10 per share | ||||||
| Buyback Price | ₹60 per share | ₹77 per share | ||||||
| Issue Size | 9,00,000 shares | |||||||
| Issue Size (Amount) | ₹60.00 Crores | ₹6.93 Crores | ||||||
| Buyback Ratio |
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| Registrar | Bigshare Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. | ||||||
| Lead Managers | Sundae Capital Advisors Pvt.Ltd. | 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 return surplus cash to its shareholders. 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:
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Marksans Pharma Buyback and Suraj Limited Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Marksans Pharma Buyback Buyback record date is . Suraj Limited Buyback Buyback record date is Aug 20, 2022.
| Marksans Pharma Ltd | Suraj Ltd. | |
|---|---|---|
| Record Date | Aug 20, 2022 | |
| Offer Open Date | Jul 15, 2022 | Sep 14, 2022 |
| Offer Closure Date | Jan 14, 2023 | Sep 27, 2022 |
| Last date for receipt of tender forms | Sep 27, 2022 | |
| Finalisation of buyback | Oct 06, 2022 | |
| Last Date for settlment of bids | Oct 07, 2022 | |
| Last Date for extinguishment of shares | Oct 14, 2022 |
Comparison of Marksans Pharma 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.
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| Stock price at BSE | Stock price at BSE (in preceding 3 months)
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| Stock price at NSE | Stock price at NSE (in preceding 3 months)
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