ProStocks Logo
Unlimited Trades ₹899 Monthly
www.ProStocks.com
Contact us

SIS Limited Buyback vs Tanla Platforms Buyback 2022

Comparison between SIS Limited Buyback and Tanla Platforms Buyback 2022.

Buyback Details

SIS Limited Buyback is a Tender Offer buyback proposed to list at BSE while Tanla Platforms Buyback 2022 is a Tender Offer proposed to list at BSE, NSE.

 SIS Ltd.Tanla Platforms Ltd.
LogoSIS Limited Buyback LogoTanla Platforms Buyback 2022 Logo
Type of BuybackTender OfferTender Offer
Listing AtBSEBSE, NSE
Face Value₹5 per share₹1 per share
Buyback Price₹550 per share₹1200 per share
Issue Size14,54,545 shares14,16,667 shares
Issue Size (Amount)₹80.00 Crores₹170.00 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 17 Equity Share out of every 625 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 11 Equity Shares out of every 1169 Fully paid-up Equity Shares held on the Record Date.
RegistrarMUFG Intime India Pvt.Ltd.Kfin Technologies Ltd.
Lead ManagersEdelweiss Financial Services Ltd.HDFC Bank 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 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.

Buyback Timetable

SIS Limited Buyback and Tanla Platforms Buyback 2022 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. Tanla Platforms Buyback 2022 Buyback record date is Oct 25, 2022.

 SIS Ltd.Tanla Platforms Ltd.
Record DateAug 30, 2022Oct 25, 2022
Offer Open DateOct 04, 2022Dec 20, 2022
Offer Closure DateOct 18, 2022Jan 02, 2023
Last date for receipt of tender formsOct 27, 2022Jan 02, 2023
Finalisation of buybackOct 28, 2022Jan 10, 2023
Last Date for settlment of bidsOct 31, 2022Jan 11, 2023
Last Date for extinguishment of sharesNov 07, 2022Jan 18, 2023

Financial Details and Other Relevent Information

Comparison of SIS Limited Buyback and Tanla Platforms Buyback 2022 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.Tanla Platforms 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
Tanla Platforms Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-201955.2-211.17701.73687.14
31-Mar-212363.4356.14893.1879.5
31-Mar-223222.1539.281354.041340.47
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
Apr-2022 1638.20 1402.80 1501.19
May-2022 1503.65 1144.00 1278.79
Jun-2022 1447.00 938.50 1155.91
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

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Apr-2022 893.80 710.20 779.44
May-2022 825.00 684.00 736.80
Jun-2022 1025.00 584.50 915.73

Compare with others

SIS Ltd.Tanla Platforms Ltd.
SP Apparels BuybackGarware Technical Fibres Buyback
Shyam Century Ferrous BuybackInternational Conveyors Buyback
Tanla Platforms Buyback 2022Infosys Buyback 2022
Mindteck India BuybackSP Apparels Buyback
ACC Limited BuybackShyam Century Ferrous Buyback
TCI Express BuybackMindteck India Buyback
Granules India BuybackACC Limited Buyback
Suraj Limited BuybackSIS Limited Buyback
Quick Heal Technologies Buyback 2022TCI Express Buyback
CARE Ratings BuybackGranules India Buyback

Compare:

SIS Limited Buyback and Tanla Platforms Buyback 2022