Suraj Limited Buyback vs TCI Express Buyback

Comparision between Suraj Limited Buyback and TCI Express Buyback.

Buyback Details

Suraj Limited Buyback is a Tender Offer buyback proposed to list at BSE while TCI Express Buyback is a Open Market Through Stock Exchange proposed to list at BSE.

Suraj Limited

TCI Express Limited

Logo

Type of Buyback

Tender Offer

Open Market Through Stock Exchange

Listing At

BSE

Face Value

₹10 per share

₹2 per share

Buyback Price

₹77 per share

₹2050 per share

Issue Size

9,00,000 shares

Issue Size (Amount)

₹6.93 Crores

₹75.00 Crores

Buyback Ratio

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

Bigshare Services Pvt Ltd

Kfin Technologies Limited

Lead Managers

Beeline Capital Advisors Pvt Ltd

Motilal Oswal Investment Advisors Limited

Necessity of the buyback

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.

The buyback is being undertaken for the following reasons:

1. The Buyback is generally expected to improve return on equity, through distribution of cash and improve eamings per share by reduction in the Equity base, thereby leading to long term increase in Members' value.

Buyback Timetable

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

	Suraj Limited	TCI Express Limited
Record Date	Aug 20, 2022
Offer Open Date	Sep 14, 2022	Aug 18, 2022
Offer Closure Date	Sep 27, 2022	Feb 13, 2023
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

Financial Details and Other Relevent Information

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

Suraj Limited

TCI Express Limited

Financial

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

TCI Express Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth
31-Mar-20	1036.33	89.08	337.27
31-Mar-21	851.64	100.6	433.87
31-Mar-22	1089.64	128.84	536.19
Amount in ₹ Crore

Stock price at BSE

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 BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2022	1790.05	1491.45	1624.13
Jun-2022	1765.65	1551.00	1628.40
May-2022	1889.50	1444.50	1634.72

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2022	1790.00	1490.75	1626.09
Jun-2022	1764.95	1554.00	1630.02
May-2022	1898.85	1442.05	1634.95

Compare with others

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

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