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Gujarat Narmada Valley Fertilizers Buyback 2023 vs Sinclairs Hotels Buyback 2023

Comparision between Gujarat Narmada Valley Fertilizers Buyback 2023 and Sinclairs Hotels Buyback 2023.

Buyback Details

Gujarat Narmada Valley Fertilizers Buyback 2023 is a Tender Offer buyback proposed to list at BSE, NSE while Sinclairs Hotels Buyback 2023 is a Tender Offer proposed to list at BSE.

  Gujarat Narmada Valley Fertilizers & Chemicals Limited Sinclairs Hotels Limited
Logo Gujarat Narmada Valley Fertilizers Buyback 2023 Logo Sinclairs Hotels Buyback 2023 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE
Face Value ₹10 per share ₹2 per share
Buyback Price ₹770 per share ₹200 per share
Issue Size 84,78,100 shares 15,20,000 shares
Issue Size (Amount) ₹652.81 Crores ₹30.40 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
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders1 Equity Shares out of every 10 Fully paid-up Equity Shares held on the Record Date.228,000.00
General Category for all other Eligible Shareholders1 Equity Shares out of every 20 Fully paid-up Equity Shares held on the Record Date.1,292,000.00
Registrar Kfin Technologies Limited Niche Technologies Pvt. Ltd
Lead Managers SBI Capital Markets Limited Skp Securities 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 proposed Buy-back will help the Company achieve the following objectives:

  1. To return surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
  2. The Buy Back, which is being implemented through the tender offer involving a reservation for Small Shareholders of 15%. The Company believes that this reservation of 15% for Small Shareholders would benefit a large number of public shareholders.
  3. The Buy Back may help in improving return on equity.
  4. The Buy Back gives an option to the shareholders holding Equity Shares of the Company, to either choose to participate and get cash in lieu of Equity Shares or choose not to participate and enjoy a resultant increase in their percentage shareholding.

Buyback Timetable

Gujarat Narmada Valley Fertilizers Buyback 2023 and Sinclairs Hotels 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. Sinclairs Hotels Buyback 2023 Buyback record date is Sep 29, 2023.

  Gujarat Narmada Valley Fertilizers & Chemicals Limited Sinclairs Hotels Limited
Record Date Nov 24, 2023 Sep 29, 2023
Offer Open Date Dec 01, 2023 Oct 06, 2023
Offer Closure Date Dec 07, 2023 Oct 12, 2023
Last date for receipt of tender forms Dec 07, 2023 Oct 12, 2023
Finalisation of buyback Dec 13, 2023 Oct 18, 2023
Last Date for settlment of bids Dec 14, 2023 Oct 19, 2023
Last Date for extinguishment of shares Dec 26, 2023 Oct 31, 2023

Financial Details and Other Relevent Information

Comparison of Gujarat Narmada Valley Fertilizers Buyback 2023 and Sinclairs Hotels 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 Sinclairs Hotels 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

Sinclairs Hotels Limited Financial Information (Restated Standalone)

Sinclairs Hotels Limited's revenue increased by 67% and profit after tax (PAT) rose by 338.21% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets
Revenue57.3334.3323.14
Profit After Tax31.237.133.51
Net Worth124.33108.32103.34
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
Aug-2023 170.00 144.00 161.27
Jul-2023 155.00 112.00 139.19
Jun-2023 130.00 115.00 123.07
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

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