SIS Buyback vs Welspun India Buyback

Comparison between SIS Buyback and Welspun India Buyback.

Buyback Details

SIS Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Welspun India Buyback is a Tender Offer proposed to list at BSE, NSE.

 SIS Ltd.Welspun India Ltd.
LogoSIS Buyback LogoWelspun India Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹5 per share₹1 per share
Buyback Price₹550 per share₹120 per share
Issue Size18,18,181 shares1,66,66,666 shares
Issue Size (Amount)₹100.00 Crores₹200.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 9 Equity Shares out of every 91 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 6 Equity Shares out of every 565 Equity Shares held on the Record Date.
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 43 Equity Shares out of every 469 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 1 Equity Shares out of every 69 fully paid-up Equity Shares held on the Record Date.
RegistrarMUFG Intime India Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Lead ManagersICICI Securities Ltd.Dam Capital Advisors Ltd.
Necessity of the buyback

The Buyback aims to :
i) Return surplus cash to the shareholders and enhance overall return to the shareholders.
ii) Improve Return on Equity to enhance shareholder value in the long term.
iii) Improve Earnings per equity share and thus thereby enhance return on invested capital.

The Buyback aims to :
i) Return surplus cash to the shareholders and enhance overall return to the shareholders.
ii) Improve Return on Equity, Earnings per share, enhance return on invested capital, and thereby enhance shareholder value in the long term.

Buyback Timetable

SIS Buyback and Welspun India Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. SIS Buyback Buyback record date is Apr 09, 2021. Welspun India Buyback Buyback record date is May 26, 2021.

 SIS Ltd.Welspun India Ltd.
Record DateApr 09, 2021May 26, 2021
Offer Open DateMay 12, 2021Jun 22, 2021
Offer Closure DateMay 27, 2021Jul 05, 2021
Last date for receipt of tender formsMay 29, 2021Jul 07, 2021
Finalisation of buybackJun 04, 2021Jul 13, 2021
Last Date for settlment of bidsJun 07, 2021Jul 14, 2021
Last Date for extinguishment of sharesJun 14, 2021Jul 21, 2021

Financial Details and Other Relevent Information

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

 SIS Ltd.Welspun India Ltd.
Financial
Summary of financial Information (consolidated)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 30,407.96 25,250.05 21,426.48
Profit After Tax 863.28 1,192.61 730.11
Net Worth 7,579.71 7,284.10 6,064.51
Summary of financial Information standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 60,395.66 53,667.09 54,783.04
Profit After Tax 5,266.70 4,748.92 1,417.65
Net Worth 31,433.21 26,117.12 22,942.79
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Mar-2021 435.00 401.00 418.04
Feb-2021 465.00 396.05 421.39
Jan-2021 436.00 376.95 411.66

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Apr-2021 87.90 75.55 80.30
Mar-2021 87.60 67.35 77.50
Feb-2021 74.90 65.70 68.60
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Mar-2021 435.30 400.10 417.97
Feb-2021 459.00 396.05 421.05
Jan-2021 433.75 385.00 411.73

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Apr-2021 87.50 75.55 80.40
Mar-2021 87.60 67.40 77.60
Feb-2021 75.00 65.40 68.60

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