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Atul Limited Buyback vs Filatex India Buyback

Comparision between Atul Limited Buyback and Filatex India Buyback.

Buyback Details

Atul Limited Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Filatex India Buyback is a Tender Offer proposed to list at BSE, NSE.

  Atul Limited Filatex India Limited
Logo Atul Limited Buyback Logo Filatex India Buyback 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 ₹11000 per share ₹140 per share
Issue Size 42,50,000 shares
Issue Size (Amount) ₹70.00 Crores ₹59.50 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 23 Equity Share out of every 226 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 8 Equity Share out of every 485 Fully paid-up Equity Shares held on the Record Date.
Registrar Link Intime India Private Ltd Mcs Share Transfer Agent Limited
Lead Managers Vivro Financial Services Private Limited Corporate Professionals Capital Private Ltd
Necessity of the buyback

The Buy-back aims to:

1. Return surplus funds to the equity shareholders of the Company.

2. Improve earnings per share by reducing the equity base, thereby leading to a long-term increase in the value of shareholders.

The buyback is being undertaken for the following reasons:

1. The Buyback will help the company to distribute surplus cash to its shareholders holding Equity shares broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders.

2. The Buyback would help in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the company.

Buyback Timetable

Atul Limited Buyback and Filatex India Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Atul Limited Buyback Buyback record date is . Filatex India Buyback Buyback record date is Apr 08, 2022.

  Atul Limited Filatex India Limited
Record Date Apr 08, 2022
Offer Open Date Apr 07, 2022 May 09, 2022
Offer Closure Date May 09, 2022 May 23, 2022
Last date for receipt of tender forms May 23, 2022
Finalisation of buyback May 27, 2022
Last Date for settlment of bids Jun 01, 2022
Last Date for extinguishment of shares Jun 08, 2022

Financial Details and Other Relevent Information

Comparison of Atul Limited Buyback and Filatex India Buyback 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 Filatex India Limited
Financial
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Crores)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Income 3,834.45 4,171.10 4,072.67
Profit After Tax 660.02 670.91 436.02
Net Worth 3,826.52 3,154.90 2,705.71
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Lakhs)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Income 2,23,660.74 2,79,448.95 2,88,588.53
Profit After Tax 16,583.32 12,147.04 8,484.60
Net Worth 68,976.87 52,272.04 39,934.67
Reserves and Surplus 64,560.51 47,878.34 35,584.67
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2022 9852.10 8627.90 9361.13
Jan-2022 10859.00 8966.80 9709.73
Dec-2021 9121.75 8302.30 8787.72

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2022 129.80 101.15 119.89
Jan-2022 142.30 96.50 118.36
Dec-2021 103.90 72.50 90.82
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2022 9899.95 8622.05 9359.34
Jan-2022 10856.80 8964.05 9714.97
Dec-2021 9124.70 8313.45 8784.29

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2022 129.35 101.00 120.46
Jan-2022 142.80 96.55 120.76
Dec-2021 104.00 72.35 91.36

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