Amrutanjan Health Care Buyback 2023 vs Wipro Buyback 2023

Comparision between Amrutanjan Health Care Buyback 2023 and Wipro Buyback 2023.

Buyback Details

Amrutanjan Health Care Buyback 2023 is a Tender Offer buyback proposed to list at BSE, NSE while Wipro Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.

Amrutanjan Health Care Limited

Wipro Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹1 per share

₹2 per share

Buyback Price

₹900 per share

₹445 per share

Issue Size

3,20,000 shares

26,96,62,921 shares

Issue Size (Amount)

₹28.80 Crores

₹12,000.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	2 Equity Shares out of every 91 Fully paid-up Equity Shares held on the Record Date.	53,652.00
General Category for all other Eligible Shareholders	2 Equity Shares out of every 91 Fully paid-up Equity Shares held on the Record Date.	266,348.00

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	62 Equity Shares out of every 265 Fully paid-up Equity Shares held on the Record Date.	40,449,439.00
General Category for all other Eligible Shareholders	26 Equity Shares out of every 603 Fully paid-up Equity Shares held on the Record Date.	229,213,482.00

Registrar

Cameo Corporate Services Limited

Kfin Technologies Limited

Lead Managers

Saffron Capital Advisors Private Limited

Jm Financial Limited

Necessity of the buyback

The proposed Buy-back will help the Company achieve the following objectives:

Improve the valuation of the Company and fair valuation of the share price
Enhancing the overall return to shareholders in the long run
Creating long term value for shareholders
Improving the fundamental ratios of the Company
Exit option to shareholders, particularly small shareholders, at a premium over market price.

The Buyback is being undertaken for the following reasons:

The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares.
The buyback consists of a 15% reservation for the small shareholder. The company believes that this reservation for small shareholders would benefit a large number of public shareholders who would get classified as "small shareholders".
The buyback may help in improving return on equity, and reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer.

Buyback Timetable

Amrutanjan Health Care Buyback 2023 and Wipro Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Amrutanjan Health Care Buyback 2023 Buyback record date is Jul 13, 2023. Wipro Buyback 2023 Buyback record date is Jun 16, 2023.

	Amrutanjan Health Care Limited	Wipro Limited
Record Date	Jul 13, 2023	Jun 16, 2023
Offer Open Date	Jul 19, 2023	Jun 22, 2023
Offer Closure Date	Jul 25, 2023	Jun 30, 2023
Last date for receipt of tender forms		Jun 29, 2023
Finalisation of buyback		Jul 05, 2023
Last Date for settlment of bids		Jul 06, 2023
Last Date for extinguishment of shares		Jul 17, 2023

Financial Details and Other Relevent Information

Comparison of Amrutanjan Health Care Buyback 2023 and Wipro 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.

Amrutanjan Health Care Limited

Wipro Limited

Financial

Amrutanjan Health Care Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax
31-Mar-19	187.61	260.36	24.51
31-Mar-20	205.35	269.80	25.08
31-Mar-21	274.27	344.16	61.19
31-Mar-22	349.87	421.22	67.19
31-Mar-23	362.09	394.18	39.83
Amount in ₹ Crore

Wipro Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-18	76,064.00	54,635.90	8,008.10	48,534.60	13,825.90
31-Mar-19	83,317.10	58,906.00	9,003.10	57,075.30	9,946.70
31-Mar-20	81,278.90	61,340.10	9,721.80	55,933.30	5,886.00
31-Mar-21	82,732.20	62,242.50	10,794.60	55,459.30	10,451.40
31-Mar-22	107,505.40	79,528.90	12,219.10	65,867.30	17,592.90
31-Mar-23	117,582.20	282.20	37.60
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jun-2023	737.50	588.65	622.82
May-2023	608.05	582.55	599.85
Apr-2023	623.85	593.90	607.21

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
May-2023	405.95	379.00	389.50
Apr-2023	388.00	351.85	370.38
Mar-2023	413.00	355.00	375.75

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jun-2023	738.25	586.95	622.18
May-2023	608.25	583.60	599.70
Apr-2023	624.00	593.15	607.00

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
May-2023	406.00	379.00	389.52
Apr-2023	388.00	352.00	370.40
Mar-2023	396.65	355.00	375.71

Compare with others

Amrutanjan Health Care Limited	Wipro Limited
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Indiamart Intermesh Buyback 2023	BSE Buyback July 2023
James Warren Tea Buyback 2023	Amrutanjan Health Care Buyback 2023
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BSE Buyback July 2023	Welspun India Buyback 2023
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Welspun India Buyback 2023	Emami Limited Buyback 2023
Wipro Buyback 2023	Godawari Power and Ispat Buyback 2023
Ashiana Housing Buyback 2023	Ajanta Pharma Buyback 2023
Emami Limited Buyback 2023	Natco Pharma Buyback 2023

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