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SIS Limited Buyback vs TCI Express Buyback

Comparision between SIS Limited Buyback and TCI Express Buyback.

Buyback Details

SIS 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.

  SIS Limited TCI Express Limited
Logo SIS Limited Buyback Logo TCI Express Buyback Logo
Type of Buyback Tender Offer Open Market Through Stock Exchange
Listing At BSE BSE
Face Value ₹5 per share ₹2 per share
Buyback Price ₹550 per share ₹2050 per share
Issue Size 14,54,545 shares
Issue Size (Amount) ₹80.00 Crores ₹75.00 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.
Registrar Link Intime India Private Ltd Kfin Technologies Limited
Lead Managers Edelweiss Financial Services Ltd Motilal Oswal Investment Advisors Limited
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 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

SIS 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. SIS Limited Buyback Buyback record date is Aug 30, 2022. TCI Express Buyback Buyback record date is .

  SIS Limited TCI Express Limited
Record Date Aug 30, 2022
Offer Open Date Oct 04, 2022 Aug 18, 2022
Offer Closure Date Oct 18, 2022 Feb 13, 2023
Last date for receipt of tender forms Oct 27, 2022
Finalisation of buyback Oct 28, 2022
Last Date for settlment of bids Oct 31, 2022
Last Date for extinguishment of shares Nov 07, 2022

Financial Details and Other Relevent Information

Comparison of SIS 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.

  SIS Limited TCI Express Limited
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
TCI Express Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet Worth
31-Mar-201036.3389.08337.27
31-Mar-21851.64100.6433.87
31-Mar-221089.64128.84536.19
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

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

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