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Arnold Holdings Buyback 2024 vs Bajaj Auto Buyback 2024

Comparision between Arnold Holdings Buyback 2024 and Bajaj Auto Buyback 2024.

Buyback Details

Arnold Holdings Buyback 2024 is a Tender Offer buyback proposed to list at BSE while Bajaj Auto Buyback 2024 is a Tender Offer proposed to list at BSE, NSE.

  Arnold Holdings Limited Bajaj Auto Limited
Logo Arnold Holdings Buyback 2024 Logo Bajaj Auto Buyback 2024 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE BSE, NSE
Face Value ₹10 per share ₹10 per share
Buyback Price ₹21 per share ₹10000 per share
Issue Size 63,00,000 shares 40,00,000 shares
Issue Size (Amount) ₹13.23 Crores ₹4,000.00 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders1 Equity Shares out of every 2 Fully paid-up Equity Shares held on the Record Date.945,000.00
General Category for all other Eligible Shareholders1 Equity Shares out of every 5 Fully paid-up Equity Shares held on the Record Date.5,355,000.00
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders7 Equity Shares out of every 27 Fully paid-up Equity Shares held on the Record Date.600,000.00
General Category for all other Eligible Shareholders1 Equity Shares out of every 82 Fully paid-up Equity Shares held on the Record Date.3,400,000.00
Registrar Niche Technologies Pvt. Ltd Kfin Technologies Limited
Lead Managers Interactive Financial Services Ltd Jm Financial Limited
Necessity of the buyback

The Buyback is being undertaken for the following reasons:

  1. The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares thereby, enhancing the overall return to shareholders;
  2. The buyback will help the company to improve its capital structure by optimizing debt to equity ratio. It would also help improve financial ratios such as earnings per share and return on equity.
  3. The buyback will give an option to the members holding equity shares of the company, who can choose to participate and get cash in lieu of equity shares to be accepted under the buyback offer or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the buyback, without any additional investment.

The financial strategy of the Company is aimed at driving the sustainable growth of its business and enhancing the returns for its Shareholders. The growth of the business, robust cash generation and strong balance sheet position allows the Company to reward its shareholders from time to time, as in the current instance, while retaining sufficient capital for growth investments, and opportunities. The Buyback reinforces the Company's commitment to its shareholders by returning surplus cash to them in an effective and efficient manner, which in turn will improve its earnings per share and return on equity.

Buyback Timetable

Arnold Holdings Buyback 2024 and Bajaj Auto Buyback 2024 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Arnold Holdings Buyback 2024 Buyback record date is Jan 25, 2024. Bajaj Auto Buyback 2024 Buyback record date is Feb 29, 2024.

  Arnold Holdings Limited Bajaj Auto Limited
Record Date Jan 25, 2024 Feb 29, 2024
Offer Open Date Feb 01, 2024 Mar 06, 2024
Offer Closure Date Feb 07, 2024 Mar 13, 2024
Last date for receipt of tender forms Feb 07, 2024 Mar 13, 2024
Finalisation of buyback Feb 14, 2024 Mar 19, 2024
Last Date for settlment of bids Feb 14, 2024 Mar 20, 2024
Last Date for extinguishment of shares Feb 16, 2024 Mar 26, 2024

Financial Details and Other Relevent Information

Comparison of Arnold Holdings Buyback 2024 and Bajaj Auto Buyback 2024 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Arnold Holdings Limited Bajaj Auto Limited
Financial

Arnold Holdings Limited Financial Information (Restated Standalone)

Arnold Holdings Limited's revenue increased by 38.45% and profit after tax (PAT) rose by 152.56% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets137.93107.0058.23
Revenue89.83164.61118.9037.48
Profit After Tax1.663.811.510.69
Net Worth59.3657.7054.2353.05
Amount in ₹ Crore

Bajaj Auto Limited Financial Information (Restated Consolidated)

Bajaj Auto Limited's revenue increased by 9.34% and profit after tax (PAT) dropped by -1.71% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets35,136.4535,111.2133,601.71
Revenue34,391.5137,642.9034,428.8529,017.54
Profit After Tax5,696.816,060.216,165.874,857.02
Reserves and Surplus25,142.9026,379.4324,912.89
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2023 26.10 16.90 22.28
Nov-2023 22.29 17.50 18.77
Oct-2023 19.50 16.90 18.44

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2024 8325.05 7655.75 7857.95
Jan-2024 7667.55 6665.05 7171.90
Dec-2023 6797.25 6046.05 6324.41
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2024 8325.80 7653.85 7857.23
Jan-2024 7663.55 6662.50 7171.38
Dec-2023 6801.00 6046.60 6323.84

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