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TCI Express Buyback vs Techno Electric Buyback

Comparision between TCI Express Buyback and Techno Electric Buyback.

Buyback Details

TCI Express Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE while Techno Electric Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

  TCI Express Limited Techno Electric & Engineering Company Limited
Logo TCI Express Buyback Logo Techno Electric Buyback Logo
Type of Buyback Open Market Through Stock Exchange Open Market Through Stock Exchange
Listing At BSE BSE, NSE
Face Value ₹2 per share ₹2 per share
Buyback Price ₹2050 per share ₹325 per share
Issue Size
Issue Size (Amount) ₹75.00 Crores ₹130.00 Crores
Buyback Ratio
Registrar Kfin Technologies Limited Niche Technologies Pvt. Ltd
Lead Managers Motilal Oswal Investment Advisors Limited
Necessity of the buyback

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.

The buyback is being undertaken for the following reason:

  1. The Buyback will help the Company to distribute surplus cash to its shareholders holding equity shares.
  2. The Buyback would help in improving return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders' value.
  3. The Buyback would help in optimizing the capital structure.

Buyback Timetable

TCI Express Buyback and Techno Electric Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. TCI Express Buyback Buyback record date is . Techno Electric Buyback Buyback record date is .

  TCI Express Limited Techno Electric & Engineering Company Limited
Record Date
Offer Open Date Aug 18, 2022 Jul 20, 2022
Offer Closure Date Feb 13, 2023 Jan 19, 2023
Last date for receipt of tender forms
Finalisation of buyback
Last Date for settlment of bids
Last Date for extinguishment of shares

Financial Details and Other Relevent Information

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

  TCI Express Limited Techno Electric & Engineering Company Limited
Financial
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
Techno Electric & Engineering Company Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-20922.68179.11480.251458.25
31-Mar-21956.08181.781596.011574.01
31-Mar-221219.15258.441814.681792.68
Amount in ₹ Crore
Stock price at BSE

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 BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jun-2022 294.00 231.00 275.34
May-2022 314.95 251.50 284.35
Apr-2022 302.00 248.90 278.98
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

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jun-2022 294.85 231.20 275.86
May-2022 314.90 250.85 284.63
Apr-2022 302.00 248.55 278.98

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