Suprajit Engineering Buyback 2024 vs Weizmann Buyback 2024

Comparison between Suprajit Engineering Buyback 2024 and Weizmann Buyback 2024.

Buyback Details

Suprajit Engineering Buyback 2024 is a Tender Offer buyback proposed to list at BSE, NSE while Weizmann Buyback 2024 is a Tender Offer proposed to list at BSE, NSE.

 Suprajit Engineering Ltd.Weizmann Ltd.
LogoWeizmann Buyback 2024 Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹1 per share₹10 per share
Buyback Price₹750 per share₹160 per share
Issue Size15,00,000 shares3,65,169 shares
Issue Size (Amount)₹112.50 Crores₹5.84 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders3 Equity Shares out of every 62 Fully paid-up Equity Shares held on the Record Date.2,25,000
General Category for all other Eligible Shareholders1 Equity Shares out of every 105 Fully paid-up Equity Shares held on the Record Date.12,75,000
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders33 Equity Shares out of every 776 Fully paid-up Equity Shares held on the Record Date.62,763
General Category for all other Eligible Shareholders33 Equity Shares out of every 776 Fully paid-up Equity Shares held on the Record Date.3,02,406
RegistrarIntegrated Registry Management Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Lead ManagersFinshore Management Services Ltd.Saffron Capital Advisors Pvt.Ltd.
Necessity of the buyback

The Buyback is being undertaken for the following reasons:

  1. The buyback will help the company return surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding.
  2. The buyback consists of a reservation for the small shareholder. The company believes that this reservation for small shareholders would benefit many public shareholders who would be classified as "small shareholders".
  3. The buyback may help improve financial ratios like return on equity, by reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
  4. The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in place of Equity Shares or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer.

The Buyback is being undertaken for the following reasons:

  1. The buyback will help the company return surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding.
  2. The buyback consists of up to 15% reservation for the small shareholder. The company believes that this reservation for small shareholders would benefit many public shareholders who would be classified as "small shareholders".
  3. The buyback may help in improving financial ratios like return on equity, by reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
  4. The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer.

Buyback Timetable

Suprajit Engineering Buyback 2024 and Weizmann Buyback 2024 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Suprajit Engineering Buyback 2024 Buyback record date is Aug 27, 2024. Weizmann Buyback 2024 Buyback record date is Aug 30, 2024.

 Suprajit Engineering Ltd.Weizmann Ltd.
Record DateAug 27, 2024Aug 30, 2024
Offer Open DateSep 02, 2024Sep 05, 2024
Offer Closure DateSep 06, 2024Sep 11, 2024
Last date for receipt of tender formsSep 06, 2024Sep 11, 2024
Finalisation of buybackSep 12, 2024Sep 17, 2024
Last Date for settlment of bidsSep 13, 2024Sep 19, 2024
Last Date for extinguishment of sharesSep 24, 2024Sep 30, 2024

Financial Details and Other Relevent Information

Comparison of Suprajit Engineering Buyback 2024 and Weizmann Buyback 2024 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Suprajit Engineering Ltd.Weizmann Ltd.
Financial

Suprajit Engineering Ltd. Financial Information (Restated Consolidated)

Suprajit Engineering Ltd.'s revenue increased by 6% and profit after tax (PAT) rose by 10% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets2,434.521,738.531,713.27
Revenue2,955.782,790.991,877.121,674.45
Profit After Tax167.27152.11173.08142.71
Net Worth1,362.191,224.481,083.97
Reserves and Surplus1,086.01926.76897.54
Amount in ₹ Crore

Weizmann Ltd. Financial Information (Restated Consolidated)

Weizmann Ltd.'s revenue decreased by -8.93% and profit after tax (PAT) rose by 56.43% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets97.20101.87109.44
Revenue123.47135.57102.31
Profit After Tax9.586.122.88
Reserves and Surplus49.1840.5135.60
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2024 565.95 504.90 527.71
Jun-2024 530.25 398.10 493.05
May-2024 455.95 398.05 414.65

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2024 128.50 118.50 123.85
Jun-2024 155.10 107.05 122.10
May-2024 128.95 115.65 122.04
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2024 565.95 500.55 527.26
Jun-2024 530.00 399.00 489.30
May-2024 457.00 398.05 414.67

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2024 128.88 117.09 122.51
Jun-2024 154.58 108.15 121.89
May-2024 129.00 115.70 121.75

Compare with others

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Suprajit Engineering Buyback 2024 and Weizmann Buyback 2024