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Comparision between Atul Buyback 2023 and Somany Ceramics Buyback 2023.
Atul Buyback 2023 is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Somany Ceramics Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.
Atul Limited | Somany Ceramics Limited | ||||||||||
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Type of Buyback | Open Market Through Stock Exchange | Tender Offer | |||||||||
Listing At | BSE, NSE | BSE, NSE | |||||||||
Face Value | ₹10 per share | ₹2 per share | |||||||||
Buyback Price | ₹7500 per share | ₹850 per share | |||||||||
Issue Size | 14,70,588 shares | ||||||||||
Issue Size (Amount) | ₹50.00 Crores | ₹125.00 Crores | |||||||||
Buyback Ratio |
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Registrar | Link Intime India Private Ltd | Maheshwari Datamatics Pvt. Ltd | |||||||||
Lead Managers | Vivro Financial Services Private Limited | ICICI 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 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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Atul 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. Atul Buyback 2023 Buyback record date is . Somany Ceramics Buyback 2023 Buyback record date is Dec 15, 2023.
Atul Limited | Somany Ceramics Limited | |
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Record Date | Dec 15, 2023 | |
Offer Open Date | Nov 21, 2023 | Dec 21, 2023 |
Offer Closure Date | Feb 23, 2024 | Dec 28, 2023 |
Last date for receipt of tender forms | Dec 28, 2023 | |
Finalisation of buyback | Jan 03, 2024 | |
Last Date for settlment of bids | Jan 04, 2024 | |
Last Date for extinguishment of shares | Jan 12, 2024 |
Comparison of Atul 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.
Atul Limited | Somany Ceramics Limited | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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.
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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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