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Gujarat Narmada Valley Fertilizers Buyback 2023 vs Atul Buyback 2023

Comparision between Gujarat Narmada Valley Fertilizers Buyback 2023 and Atul Buyback 2023.

Buyback Details

Gujarat Narmada Valley Fertilizers Buyback 2023 is a Tender Offer buyback proposed to list at BSE, NSE while Atul Buyback 2023 is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

  Gujarat Narmada Valley Fertilizers & Chemicals Limited Atul Limited
Logo Gujarat Narmada Valley Fertilizers Buyback 2023 Logo Atul Buyback 2023 Logo
Type of Buyback Tender Offer Open Market Through Stock Exchange
Listing At BSE, NSE BSE, NSE
Face Value ₹10 per share ₹10 per share
Buyback Price ₹770 per share ₹7500 per share
Issue Size 84,78,100 shares
Issue Size (Amount) ₹652.81 Crores ₹50.00 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders4 Equity Shares out of every 51 Fully paid-up Equity Shares held on the Record Date.1,271,715.00
General Category for all other Eligible Shareholders3 Equity Shares out of every 58 Fully paid-up Equity Shares held on the Record Date.7,206,385.00
Registrar Kfin Technologies Limited Link Intime India Private Ltd
Lead Managers SBI Capital Markets Limited Vivro Financial Services Private Limited
Necessity of the buyback

The company is proposing the buyback to return surplus funds to the equity shareholder/beneficial owner of the Equity Shares as on the record date (Eligible shareholder) which are over and above its ordinary capital requirement and in excess of any current investment plans, in an expedient, efficient and cost-effective manner. Additionally, the company strives to increase the Shareholder's value and the buyback would result in the following benefits amongst other things:-

  • The buyback will improve the financial ratios like Earning per share, return on capital employed, and return on equity by a reduction in the equity base of the company, thereby leading to a long-term increase in shareholder's value
  • The buyback will help in achieving an optimal capital structure.
  • The buyback will help the company distribute the surplus cash to its equity shareholders, thereby enhancing the overall return to equity shareholder.
  • The buyback which is being implemented through the tender offer route as prescribed under the SEBI Buyback Regulations would involve allocation of the number of equity shares as per the right entitlement of the shareholder or 15% of the number of Equity Share to be bought back whichever is higher, reserved for small shareholders.
  • The buyback gives an option to the eligible shareholder to either (i) choose to participate and get cash in lieu of Equity Shares to be accepted under the buyback or (ii) choose to not participate and enjoy a resultant increase in their percentage shareholding, post buyback without additional investment.

The buyback is being undertaken by the company to return the surplus funds to the equity shareholders of the company additionally the company believes that the buyback will improve the earnings per share by reduction in the equity base, thereby leading to a long term increase in the value of shareholders.

Buyback Timetable

Gujarat Narmada Valley Fertilizers Buyback 2023 and Atul Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Gujarat Narmada Valley Fertilizers Buyback 2023 Buyback record date is Nov 24, 2023. Atul Buyback 2023 Buyback record date is .

  Gujarat Narmada Valley Fertilizers & Chemicals Limited Atul Limited
Record Date Nov 24, 2023
Offer Open Date Dec 01, 2023 Nov 21, 2023
Offer Closure Date Dec 07, 2023 Feb 23, 2024
Last date for receipt of tender forms Dec 07, 2023
Finalisation of buyback Dec 13, 2023
Last Date for settlment of bids Dec 14, 2023
Last Date for extinguishment of shares Dec 26, 2023

Financial Details and Other Relevent Information

Comparison of Gujarat Narmada Valley Fertilizers Buyback 2023 and Atul 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.

  Gujarat Narmada Valley Fertilizers & Chemicals Limited Atul Limited
Financial

Gujarat Narmada Valley Fertilizers & Chemicals Limited Financial Information (Restated Consolidated)

Gujarat Narmada Valley Fertilizers & Chemicals Limited's revenue increased by 19.62% and profit after tax (PAT) dropped by -13.97% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets11,695.5310,734.398,384.81
Revenue10,588.168,851.715,365.92
Profit After Tax1,471.541,710.41689.21
Net Worth
Reserves and Surplus8,949.697,834.615,912.78
Total Borrowing
Amount in ₹ Crore

Atul Limited Financial Information (Restated)

Atul Limited's revenue increased by 3.51% and profit after tax (PAT) dropped by -9.12% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets5,430.905,350.636.316.40
Revenue5,261.225,082.8236.1639.83
Profit After Tax552.15607.5345.8738.49
Net Worth
Reserves and Surplus
Total Borrowing
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2023 706.90 600.05 643.87
Aug-2023 662.00 595.25 625.26
Jul-2023 620.95 532.00 566.74

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2023 7060.00 6140.00 6674.89
Sep-2023 7586.95 6932.00 7314.09
Aug-2023 7349.90 6656.45 7022.06
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2023 707.00 601.00 644.04
Aug-2023 661.90 595.15 625.22
Jul-2023 621.00 532.00 566.81

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2023 7060.20 6120.20 6618.15
Sep-2023 7589.90 6917.40 7283.50
Aug-2023 7350.00 6660.10 7032.32

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