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SIS Limited Buyback vs Suraj Limited Buyback

Comparison between SIS Limited Buyback and Suraj Limited Buyback.

Buyback Details

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

 SIS Ltd.Suraj Ltd.
LogoSIS Limited Buyback LogoSuraj Limited Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtBSEBSE
Face Value₹5 per share₹10 per share
Buyback Price₹550 per share₹77 per share
Issue Size14,54,545 shares9,00,000 shares
Issue Size (Amount)₹80.00 Crores₹6.93 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 11 Equity Share out of every 95 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 2 Equity Shares out of every 235 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.
RegistrarMUFG Intime India Pvt.Ltd.Bigshare Services Pvt.Ltd.
Lead ManagersEdelweiss Financial Services 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 holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
  2. The Buyback may help in improving return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
  3. The Buyback may lead to a reduction in outstanding Equity Shares, improvement in earnings per equity share, and enhanced return on equity.

The buyback is being undertaken for the following reasons:

  1. 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.
  2. 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

SIS Limited Buyback and Suraj Limited Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. SIS Limited Buyback Buyback record date is Aug 30, 2022. Suraj Limited Buyback Buyback record date is Aug 20, 2022.

 SIS Ltd.Suraj Ltd.
Record DateAug 30, 2022Aug 20, 2022
Offer Open DateOct 04, 2022Sep 14, 2022
Offer Closure DateOct 18, 2022Sep 27, 2022
Last date for receipt of tender formsOct 27, 2022Sep 27, 2022
Finalisation of buybackOct 28, 2022Oct 06, 2022
Last Date for settlment of bidsOct 31, 2022Oct 07, 2022
Last Date for extinguishment of sharesNov 07, 2022Oct 14, 2022

Financial Details and Other Relevent Information

Comparison of SIS Limited 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.

 SIS Ltd.Suraj Ltd.
Financial
SIS Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-219605.1367.211830.761756.61
31-Mar-2210111.75325.932071.251997.74
Amount in ₹ Crore
Suraj Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet Worth
31-Mar-20177.031.0187.77
31-Mar-21192.381.3789.14
31-Mar-22348.76392.17
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2022 477.00 438.25 452.71
Jun-2022 485.00 435.15 455.06
May-2022 510.20 451.00 480.75

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 480.60 435.50 452.79
Jun-2022 485.00 434.90 455.38
May-2022 510.85 451.00 481.12

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SIS Ltd.Suraj Ltd.
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