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Atul Buyback 2023 vs Somany Ceramics Buyback 2023

Comparision between Atul Buyback 2023 and Somany Ceramics Buyback 2023.

Buyback Details

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
Logo Atul Buyback 2023 Logo Somany Ceramics Buyback 2023 Logo
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
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders5 Equity Shares out of every 29 Fully paid-up Equity Shares held on the Record Date.220,589.00
General Category for all other Eligible Shareholders8 Equity Shares out of every 265 Fully paid-up Equity Shares held on the Record Date.1,249,999.00
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.

  1. The company has no major capital expenditure/investment planned immediately. Hence surplus cash can be used to reward shareholders.
  2. The buyback will help the company to do a fair distribution of Surplus cash to its equity shareholders broadly in proportion to their shareholding, resulting in enhancing the overall return to shareholders.
  3. The buyback will help to optimize the capital structure, thereby reducing in Weighted Average Cost of Capital
  4. The buyback will help in improving the financial ratios such return of equity, return on capital employed and earnings per share
  5. The Buyback gives choice to the shareholders either to participate in the buyback and monetize their shareholding or not to participate in the buyback and get the resultant increase in their shareholdings of the company post-buyback, without additional investment.

Buyback Timetable

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
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

Financial Details and Other Relevent Information

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
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 Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets5,430.905,350.636.316.40
Revenue5,261.225,082.8236.1639.83
Profit After Tax552.15607.5345.8738.49
Net Worth
Reserves and Surplus
Total Borrowing
Amount in ₹ Crore

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.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,011.111,792.291,558.60
Revenue1,247.902,493.052,107.881,663.37
Profit After Tax42.1066.9293.4260.59
Net Worth786.97726.30640.75
Reserves and Surplus886.04825.42731.95
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
Nov-2023 729.30 648.55 668.17
Oct-2023 727.95 650.00 690.09
Sep-2023 769.90 678.80 711.77
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

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2023 726.00 653.00 667.91
Oct-2023 730.30 649.30 690.24
Sep-2023 761.30 682.05 712.04

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