Atul Buyback 2023 vs Sinclairs Hotels Buyback 2023

Comparision between Atul Buyback 2023 and Sinclairs Hotels Buyback 2023.

Buyback Details

Atul Buyback 2023 is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Sinclairs Hotels Buyback 2023 is a Tender Offer proposed to list at BSE.

Atul Limited

Sinclairs Hotels Limited

Logo

Type of Buyback

Open Market Through Stock Exchange

Tender Offer

Listing At

BSE, NSE

BSE

Face Value

₹10 per share

₹2 per share

Buyback Price

₹7500 per share

₹200 per share

Issue Size

15,20,000 shares

Issue Size (Amount)

₹50.00 Crores

₹30.40 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	1 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 Shareholders	1 Equity Shares out of every 20 Fully paid-up Equity Shares held on the Record Date.	1,292,000.00

Registrar

Link Intime India Private Ltd

Niche Technologies Pvt. Ltd

Lead Managers

Vivro Financial Services Private Limited

Skp Securities Limited

Necessity of the buyback

The buyback is being undertaken by the company to return the surplus funds to the equity shareholders of the company additionally the company believes that the buyback will improve the earnings per share by reduction in the equity base, thereby leading to a long term increase in the value of shareholders.

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

To return surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
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.
The Buy Back may help in improving return on equity.
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

Atul 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. Atul Buyback 2023 Buyback record date is . Sinclairs Hotels Buyback 2023 Buyback record date is Sep 29, 2023.

	Atul Limited	Sinclairs Hotels Limited
Record Date		Sep 29, 2023
Offer Open Date	Nov 21, 2023	Oct 06, 2023
Offer Closure Date	Feb 23, 2024	Oct 12, 2023
Last date for receipt of tender forms		Oct 12, 2023
Finalisation of buyback		Oct 18, 2023
Last Date for settlment of bids		Oct 19, 2023
Last Date for extinguishment of shares		Oct 31, 2023

Financial Details and Other Relevent Information

Comparison of Atul 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.

Atul Limited

Sinclairs Hotels Limited

Financial

Atul Limited Financial Information (Restated)

Atul Limited's revenue increased by 3.51% and profit after tax (PAT) dropped by -9.12% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021	31 Mar 2020
Assets	5,430.90	5,350.63	6.31	6.40
Revenue	5,261.22	5,082.82	36.16	39.83
Profit After Tax	552.15	607.53	45.87	38.49
Net Worth
Reserves and Surplus
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 Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets
Revenue	57.33	34.33	23.14
Profit After Tax	31.23	7.13	3.51
Net Worth	124.33	108.32	103.34
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	7060.00	6140.00	6674.89
Sep-2023	7586.95	6932.00	7314.09
Aug-2023	7349.90	6656.45	7022.06

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	7060.20	6120.20	6618.15
Sep-2023	7589.90	6917.40	7283.50
Aug-2023	7350.00	6660.10	7032.32

Compare with others

Atul Limited	Sinclairs Hotels Limited
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SIS Buyback 2023	Atul Buyback 2023
Rajoo Engineers Buyback 2023	Somany Ceramics Buyback 2023
Elegant Marbles & Grani Industries Buyback 2023	Tata Consultancy Services Buyback 2023
Gujarat Narmada Valley Fertilizers Buyback 2023	Siyaram Silk Mills Buyback 2023
Somany Ceramics Buyback 2023	KRBL Buyback 2023
Tata Consultancy Services Buyback 2023	FDC Buyback 2023
Siyaram Silk Mills Buyback 2023	CL Educate Buyback 2023
Sinclairs Hotels Buyback 2023	Control Print (India) Buyback 2023
KRBL Buyback 2023	Piramal Enterprises Buyback 2023

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