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Comparision between Gujarat Narmada Valley Fertilizers Buyback 2023 and Somany Ceramics Buyback 2023.
Gujarat Narmada Valley Fertilizers Buyback 2023 is a Tender Offer buyback proposed to list at BSE, NSE while Somany Ceramics Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.
Gujarat Narmada Valley Fertilizers & Chemicals Limited | Somany Ceramics Limited | |||||||||||||||||||
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Type of Buyback | Tender Offer | Tender Offer | ||||||||||||||||||
Listing At | BSE, NSE | BSE, NSE | ||||||||||||||||||
Face Value | ₹10 per share | ₹2 per share | ||||||||||||||||||
Buyback Price | ₹770 per share | ₹850 per share | ||||||||||||||||||
Issue Size | 84,78,100 shares | 14,70,588 shares | ||||||||||||||||||
Issue Size (Amount) | ₹652.81 Crores | ₹125.00 Crores | ||||||||||||||||||
Buyback Ratio |
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Registrar | Kfin Technologies Limited | Maheshwari Datamatics Pvt. Ltd | ||||||||||||||||||
Lead Managers | SBI Capital Markets Limited | ICICI 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:-
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The Buyback of shares by the company is proposed to reward the equity shareholders by way of returning surplus funds which is excess of the requirements for ordinary capital expenditure and current investment plan, in an expedient, effective and cost-efficient manner. Below is the broad reason of the proposed buyback.
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Gujarat Narmada Valley Fertilizers Buyback 2023 and Somany Ceramics 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. Somany Ceramics Buyback 2023 Buyback record date is Dec 15, 2023.
Gujarat Narmada Valley Fertilizers & Chemicals Limited | Somany Ceramics Limited | |
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Record Date | Nov 24, 2023 | Dec 15, 2023 |
Offer Open Date | Dec 01, 2023 | Dec 21, 2023 |
Offer Closure Date | Dec 07, 2023 | Dec 28, 2023 |
Last date for receipt of tender forms | Dec 07, 2023 | Dec 28, 2023 |
Finalisation of buyback | Dec 13, 2023 | Jan 03, 2024 |
Last Date for settlment of bids | Dec 14, 2023 | Jan 04, 2024 |
Last Date for extinguishment of shares | Dec 26, 2023 | Jan 12, 2024 |
Comparison of Gujarat Narmada Valley Fertilizers Buyback 2023 and Somany Ceramics 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 | Somany Ceramics Limited | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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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Somany Ceramics Limited Financial Information (Restated Consolidated)Somany Ceramics Limited's revenue increased by 18.27% and profit after tax (PAT) dropped by -28.37% 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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Stock price at NSE (in preceding 3 months)
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