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VLS Finance Buyback vs VRL Logistics Buyback 2023

Comparision between VLS Finance Buyback and VRL Logistics Buyback 2023.

Buyback Details

VLS Finance Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while VRL Logistics Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.

  VLS Finance Limited VRL Logistics Limited
Logo VLS Finance Buyback Logo VRL Logistics Buyback 2023 Logo
Type of Buyback Open Market Through Stock Exchange Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹10 per share ₹10 per share
Buyback Price ₹200 per share ₹700 per share
Issue Size 8,75,000 shares
Issue Size (Amount) ₹70.00 Crores ₹61.25 Crores
Buyback Ratio
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 Rcmc Share Registry Private Limited Kfin Technologies Limited
Lead Managers Smc Capitals Limited Motilal Oswal Investment Advisors Limited
Necessity of the buyback

The Buy-Back is expected to achieve the following objectives:

  1. optimize returns to shareholders
  2. enhance overall shareholders' value
  3. optimize the capital structure

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

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

  VLS Finance Limited VRL Logistics Limited
Record Date Feb 10, 2023
Offer Open Date Jan 16, 2023 Mar 13, 2023
Offer Closure Date May 29, 2023 Mar 27, 2023
Last date for receipt of tender forms Mar 27, 2023
Finalisation of buyback Apr 06, 2023
Last Date for settlment of bids Apr 10, 2023
Last Date for extinguishment of shares Apr 17, 2023

Financial Details and Other Relevent Information

Comparison of VLS Finance Buyback 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.

  VLS Finance Limited VRL Logistics Limited
Financial
VLS Finance Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-211629.17214.64215.82
31-Mar-222008.42286.29254.39
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
Dec-2022 143.30 120.50 134.75
Nov-2022 152.90 131.85 136.17
Oct-2022 142.00 115.00 133.93

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
Dec-2022 143.90 120.50 134.64
Nov-2022 151.80 130.00 136.21
Oct-2022 147.85 128.90 133.75

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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