Tips Industries Buyback 2022 vs Windlas Biotech Buyback 2022

Comparison between Tips Industries Buyback 2022 and Windlas Biotech Buyback 2022.

Buyback Details

Tips Industries Buyback 2022 is a Tender Offer buyback proposed to list at BSE, NSE while Windlas Biotech Buyback 2022 is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

 Tips Industries Ltd.Windlas Biotech Ltd.
LogoTips Industries Buyback 2022 LogoWindlas Biotech Buyback 2022 Logo
Type of BuybackTender OfferOpen Market Through Stock Exchange
Listing AtBSE, NSEBSE, NSE
Face Value₹10 per share₹5 per share
Buyback Price₹2600 per share₹325 per share
Issue Size1,26,000 shares
Issue Size (Amount)₹32.76 Crores₹25.00 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders37 Equity Shares out of every 762 Fully paid-up Equity Shares held on the Record Date.18,900.00
General Category for all other Eligible Shareholders2 Equity Shares out of every 235 Fully paid-up Equity Shares held on the Record Date.107,100.00
RegistrarMUFG Intime India Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Lead ManagersInga Ventures Pvt.Ltd.Corporate Professionals Capital Pvt.Ltd.
Necessity of the buyback

The Buyback is being undertaken for the following reasons:

  • The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares.
  • The Buyback is generally expected to improve return on equity through distribution of cash and improve earnings per share by reduction in the equity base, thereby leading to long term increase in shareholders' value.

The buyback is being undertaken for the following reason:

1.To return surplus funds to the equity shareholders of the Company.

2. To improve return on equity, by reducing in equity base, thereby leading to a long-term increase in the value of shareholders.

Buyback Timetable

Tips Industries Buyback 2022 and Windlas Biotech Buyback 2022 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Tips Industries Buyback 2022 Buyback record date is Dec 30, 2022. Windlas Biotech Buyback 2022 Buyback record date is .

 Tips Industries Ltd.Windlas Biotech Ltd.
Record DateDec 30, 2022
Offer Open DateJan 27, 2023Nov 21, 2022
Offer Closure DateFeb 09, 2023May 03, 2023
Last date for receipt of tender formsFeb 09, 2023
Finalisation of buybackFeb 17, 2023
Last Date for settlment of bidsFeb 20, 2023
Last Date for extinguishment of sharesFeb 27, 2023

Financial Details and Other Relevent Information

Comparison of Tips Industries Buyback 2022 and Windlas Biotech 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.

 Tips Industries Ltd.Windlas Biotech Ltd.
Financial
Tips Industries Limited Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet Worth
31-Mar-20108.8211.3480.11
31-Mar-2195.4243.47100.91
31-Mar-22138.864.56102.61
30-Sep-2285.9638137.57
Amount in ₹ Crore
Windlas Biotech Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet Worth
31-Mar-20331.3423.68209.66
31-Mar-21430.715.74199.12
31-Mar-22472.6438.09394.78
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 1923.90 1725.00 1837.57
Oct-2022 1850.00 1456.15 1598.71
Sep-2022 1740.00 1470.00 1591.33

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2022 244.70 212.15 232.89
Jan-2022 261.20 219.00 241.72
Jan-2022 232.90 203.55 217.81
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 1910.00 1700.00 1837.56
Oct-2022 1850.00 1458.45 1601.22
Sep-2022 1724.95 1465.00 1592.46

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2022 244.80 212.00 227.41
Jan-2022 261.90 216.30 241.83
Jan-2022 233.95 209.70 218.71

Compare with others

Compare:

Tips Industries Buyback 2022 and Windlas Biotech Buyback 2022