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Amrutanjan Health Care Buyback 2023 vs Axita Cotton Buyback 2023

Comparision between Amrutanjan Health Care Buyback 2023 and Axita Cotton Buyback 2023.

Buyback Details

Amrutanjan Health Care Buyback 2023 is a Tender Offer buyback proposed to list at BSE, NSE while Axita Cotton Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.

  Amrutanjan Health Care Limited Axita Cotton Limited
Logo Amrutanjan Health Care Buyback 2023 Logo Axita Cotton Buyback 2023 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹1 per share ₹1 per share
Buyback Price ₹900 per share ₹56 per share
Issue Size 3,20,000 shares 9,00,000 shares
Issue Size (Amount) ₹28.80 Crores ₹5.04 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders2 Equity Shares out of every 91 Fully paid-up Equity Shares held on the Record Date.53,652.00
General Category for all other Eligible Shareholders2 Equity Shares out of every 91 Fully paid-up Equity Shares held on the Record Date.266,348.00
Registrar Cameo Corporate Services Limited Skyline Financial Services Private Ltd
Lead Managers Saffron Capital Advisors Private Limited Beeline Capital Advisors Pvt Ltd
Necessity of the buyback

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

  1. Improve the valuation of the Company and fair valuation of the share price
  2. Enhancing the overall return to shareholders in the long run
  3. Creating long term value for shareholders
  4. Improving the fundamental ratios of the Company
  5. Exit option to shareholders, particularly small shareholders, at a premium over market price.

The buyback is a capital allocation decision taken by the company. The buyback will help the company to distribute a part of the surplus cash to its shareholders holding Equity Shares thereby, optimizing returns to the shareholders and enhancing the overall shareholders' value in the longer term, and improving the return on equity.

Buyback Timetable

Amrutanjan Health Care Buyback 2023 and Axita Cotton Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Amrutanjan Health Care Buyback 2023 Buyback record date is Jul 13, 2023. Axita Cotton Buyback 2023 Buyback record date is Jun 02, 2023.

  Amrutanjan Health Care Limited Axita Cotton Limited
Record Date Jul 13, 2023 Jun 02, 2023
Offer Open Date Jul 19, 2023 Jun 08, 2023
Offer Closure Date Jul 25, 2023 Jun 14, 2023
Last date for receipt of tender forms Jun 14, 2023
Finalisation of buyback Jun 21, 2023
Last Date for settlment of bids Jun 21, 2023
Last Date for extinguishment of shares Jul 03, 2023

Financial Details and Other Relevent Information

Comparison of Amrutanjan Health Care Buyback 2023 and Axita Cotton 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.

  Amrutanjan Health Care Limited Axita Cotton Limited
Financial
Amrutanjan Health Care Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-19187.61260.3624.51
31-Mar-20205.35269.8025.08
31-Mar-21274.27344.1661.19
31-Mar-22349.87421.2267.19
31-Mar-23362.09394.1839.83
Amount in ₹ Crore
Axita Cotton Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
31-Mar-21107.23618.943.7321.82
31-Mar-22109.10830.4615.4136.26
31-Mar-23557.6217.0452.37
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jun-2023 737.50 588.65 622.82
May-2023 608.05 582.55 599.85
Apr-2023 623.85 593.90 607.21

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Apr-2023 83.00 55.96 71.62
Mar-2023 58.43 50.60 52.35
Feb-2023 69.60 50.05 61.89
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jun-2023 738.25 586.95 622.18
May-2023 608.25 583.60 599.70
Apr-2023 624.00 593.15 607.00

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