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Comparision between Gujarat Narmada Valley Fertilizers Buyback 2023 and Elegant Marbles & Grani Industries Buyback 2023.
Gujarat Narmada Valley Fertilizers Buyback 2023 is a Tender Offer buyback proposed to list at BSE, NSE while Elegant Marbles & Grani Industries Buyback 2023 is a Tender Offer proposed to list at BSE.
Gujarat Narmada Valley Fertilizers & Chemicals Limited | Elegant Marbles & Grani Industries | |||||||||||||||||||
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Type of Buyback | Tender Offer | Tender Offer | ||||||||||||||||||
Listing At | BSE, NSE | BSE | ||||||||||||||||||
Face Value | ₹10 per share | ₹10 per share | ||||||||||||||||||
Buyback Price | ₹770 per share | ₹385 per share | ||||||||||||||||||
Issue Size | 84,78,100 shares | 6,97,000 shares | ||||||||||||||||||
Issue Size (Amount) | ₹652.81 Crores | ₹26.83 Crores | ||||||||||||||||||
Buyback Ratio |
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Registrar | Kfin Technologies Limited | Link Intime India Private Ltd | ||||||||||||||||||
Lead Managers | SBI Capital Markets Limited | Sundae Capital Advisors | ||||||||||||||||||
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:-
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The Board is of the view that the proposed Buyback will help the Company achieve the following objectives
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Gujarat Narmada Valley Fertilizers Buyback 2023 and Elegant Marbles & Grani Industries 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. Elegant Marbles & Grani Industries Buyback 2023 Buyback record date is Jan 05, 2024.
Gujarat Narmada Valley Fertilizers & Chemicals Limited | Elegant Marbles & Grani Industries | |
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Record Date | Nov 24, 2023 | Jan 05, 2024 |
Offer Open Date | Dec 01, 2023 | Jan 11, 2024 |
Offer Closure Date | Dec 07, 2023 | Jan 17, 2024 |
Last date for receipt of tender forms | Dec 07, 2023 | Jan 19, 2024 |
Finalisation of buyback | Dec 13, 2023 | |
Last Date for settlment of bids | Dec 14, 2023 | Jan 24, 2024 |
Last Date for extinguishment of shares | Dec 26, 2023 | Feb 05, 2024 |
Comparison of Gujarat Narmada Valley Fertilizers Buyback 2023 and Elegant Marbles & Grani Industries 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 | Elegant Marbles & Grani Industries | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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.
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Elegant Marbles & Grani Industries Financial Information (Restated Standalone)Elegant Marbles & Grani Industries's revenue increased by 26.93% and profit after tax (PAT) rose by 13.02% between the financial year ending with March 31, 2023 and March 31, 2022.
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Stock price at BSE | Stock price at BSE (in preceding 3 months)
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Stock price at BSE (in preceding 3 months)
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Stock price at NSE | Stock price at NSE (in preceding 3 months)
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