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Sportking India Buyback 2023 vs VRL Logistics Buyback 2023

Comparision between Sportking India Buyback 2023 and VRL Logistics Buyback 2023.

Buyback Details

Sportking India Buyback 2023 is a Tender Offer buyback proposed to list at BSE, NSE while VRL Logistics Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.

  Sportking India Ltd VRL Logistics Limited
Logo Sportking India Buyback 2023 Logo VRL Logistics Buyback 2023 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹10 per share ₹10 per share
Buyback Price ₹950 per share ₹700 per share
Issue Size 5,80,000 shares 8,75,000 shares
Issue Size (Amount) ₹55.10 Crores ₹61.25 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders9 Equity Shares out of every 85 Fully paid-up Equity Shares held on the Record Date.87,000.00
General Category for all other Eligible Shareholders3 Equity Shares out of every 76 Fully paid-up Equity Shares held on the Record Date.493,000.00
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders1 Equity Shares out of every 26 Fully paid-up Equity Shares held on the Record Date.131,250.00
General Category for all other Eligible Shareholders1 Equity Shares out of every 114 Fully paid-up Equity Shares held on the Record Date.743,750.00
Registrar Beetal Financial & Computer Services (P) Limited Kfin Technologies Limited
Lead Managers Master Capital Services Limited Motilal Oswal Investment Advisors Limited
Necessity of the buyback

The Buyback offers the following advantages:

a) The Buyback will help the Company to distribute surplus cash to its shareholders in proportion to their shareholding. 

b) The Buyback may help in improving financial ratios such as Earnings per share, Return on equity, by reducing the equity base of the Company. It will also lead to long term increase in shareholder's value.

The Buyback offers the following advantages:

a) 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.

b) The Buyback may help in improving its return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders' value.

Buyback Timetable

Sportking India Buyback 2023 and VRL Logistics Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Sportking India Buyback 2023 Buyback record date is Feb 10, 2023. VRL Logistics Buyback 2023 Buyback record date is Feb 10, 2023.

  Sportking India Ltd VRL Logistics Limited
Record Date Feb 10, 2023 Feb 10, 2023
Offer Open Date Mar 15, 2023 Mar 13, 2023
Offer Closure Date Mar 29, 2023 Mar 27, 2023
Last date for receipt of tender forms Mar 31, 2023 Mar 27, 2023
Finalisation of buyback Apr 11, 2023 Apr 06, 2023
Last Date for settlment of bids Apr 12, 2023 Apr 10, 2023
Last Date for extinguishment of shares Apr 19, 2023 Apr 17, 2023

Financial Details and Other Relevent Information

Comparison of Sportking India Buyback 2023 and VRL Logistics Buyback 2023 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Sportking India Ltd VRL Logistics Limited
Financial
Sportking India Ltd Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-201358.0412.36188.45248.6
31-Mar-211324.8484.53273.04353.39
31-Mar-222178.16409.25687.83754.02
Amount in ₹ Crore
VRL Logistics Limited Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-202128.8690.11616.87189.3
31-Mar-211775.7945.07597.14119.57
31-Mar-222410.47160.11651.63143.48
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2022 1122.00 831.00 923.14
Sep-2022 952.10 723.00 855.16
Oct-2022 913.50 655.15 818.75

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2023 574.80 506.50 546.05
Dec-2022 589.45 512.75 554.43
Nov-2022 618.65 509.05 564.86
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2022 1123.05 909.70 986.50
Sep-2022 949.05 721.55 854.68
Oct-2022 914.45 660.15 818.61

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2023 575.00 507.70 546.30
Dec-2022 589.00 512.40 554.60
Nov-2022 618.95 509.55 564.90

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