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Arnold Holdings Buyback 2024 vs Dhampur Sugar Mills Buyback 2024

Comparision between Arnold Holdings Buyback 2024 and Dhampur Sugar Mills Buyback 2024.

Buyback Details

Arnold Holdings Buyback 2024 is a Tender Offer buyback proposed to list at BSE while Dhampur Sugar Mills Buyback 2024 is a Tender Offer proposed to list at BSE, NSE.

  Arnold Holdings Limited Dhampur Sugar Mills Ltd
Logo Arnold Holdings Buyback 2024 Logo Dhampur Sugar Mills Buyback 2024 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE BSE, NSE
Face Value ₹10 per share ₹10 per share
Buyback Price ₹21 per share ₹300 per share
Issue Size 63,00,000 shares 10,00,000 shares
Issue Size (Amount) ₹13.23 Crores ₹30.00 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders1 Equity Shares out of every 2 Fully paid-up Equity Shares held on the Record Date.945,000.00
General Category for all other Eligible Shareholders1 Equity Shares out of every 5 Fully paid-up Equity Shares held on the Record Date.5,355,000.00
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders31 Equity Shares out of every 1489 Fully paid-up Equity Shares held on the Record Date.150,000.00
General Category for all other Eligible Shareholders19 Equity Shares out of every 1323 Fully paid-up Equity Shares held on the Record Date.850,000.00
Registrar Niche Technologies Pvt. Ltd Alankit Assignments Ltd
Lead Managers Interactive Financial Services Ltd Centrum Capital Limited
Necessity of the buyback

The Buyback is being undertaken for the following reasons:

  1. The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares thereby, enhancing the overall return to shareholders;
  2. The buyback will help the company to improve its capital structure by optimizing debt to equity ratio. It would also help improve financial ratios such as earnings per share and return on equity.
  3. The buyback will give an option to the members holding equity shares of the company, who can choose to participate and get cash in lieu of equity shares to be accepted under the buyback offer or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the buyback, without any additional investment.

The buyback is undertaken for the following reasons:

  1. The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares thereby, enhancing the overall return to shareholders;
  2. The Buyback, which is being implemented through the tender offer route as prescribed under the SEBI Buyback Regulations, would involve the allocation of several Equity Shares as per their entitlement or 15% of the number of Equity Shares to be repurchased whichever is higher, reserved for the small shareholders. The Company believes that this reservation for small shareholders would benefit a large number of public shareholders, who would get classified as "small shareholders" as per Regulation 2(i)(n) of the SEBI Buyback Regulations;
  3. The Buyback may help in improving return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders' value; and
  4. The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash instead of Equity Shares to be accepted under the Buyback offer or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer, without additional investment.

Buyback Timetable

Arnold Holdings Buyback 2024 and Dhampur Sugar Mills Buyback 2024 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Arnold Holdings Buyback 2024 Buyback record date is Jan 25, 2024. Dhampur Sugar Mills Buyback 2024 Buyback record date is Jan 17, 2024.

  Arnold Holdings Limited Dhampur Sugar Mills Ltd
Record Date Jan 25, 2024 Jan 17, 2024
Offer Open Date Feb 01, 2024 Jan 23, 2024
Offer Closure Date Feb 07, 2024 Jan 30, 2024
Last date for receipt of tender forms Feb 07, 2024 Jan 30, 2024
Finalisation of buyback Feb 14, 2024 Feb 05, 2024
Last Date for settlment of bids Feb 14, 2024 Feb 06, 2024
Last Date for extinguishment of shares Feb 16, 2024 Feb 15, 2024

Financial Details and Other Relevent Information

Comparison of Arnold Holdings Buyback 2024 and Dhampur Sugar Mills Buyback 2024 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Arnold Holdings Limited Dhampur Sugar Mills Ltd
Financial

Arnold Holdings Limited Financial Information (Restated Standalone)

Arnold Holdings Limited's revenue increased by 38.45% and profit after tax (PAT) rose by 152.56% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets137.93107.0058.23
Revenue89.83164.61118.9037.48
Profit After Tax1.663.811.510.69
Net Worth59.3657.7054.2353.05
Amount in ₹ Crore

Dhampur Sugar Mills Ltd Financial Information (Restated Consolidated)

Dhampur Sugar Mills Ltd's revenue increased by 32.93% and profit after tax (PAT) rose by 9.69% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets2,121.652,164.823,470.80
Revenue2,889.502,173.622,245.03
Profit After Tax157.99144.03198.62
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
Dec-2023 26.10 16.90 22.28
Nov-2023 22.29 17.50 18.77
Oct-2023 19.50 16.90 18.44

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2023 273.15 240.25 253.68
Nov-2023 275.65 253.55 263.33
Oct-2023 301.85 260.50 285.90
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2023 272.75 240.25 253.67
Nov-2023 275.25 253.50 263.38
Oct-2023 301.90 260.45 285.92

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