Bajaj Auto Buyback 2024 vs Orbit Exports Buyback 2024

Comparision between Bajaj Auto Buyback 2024 and Orbit Exports Buyback 2024.

Buyback Details

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

Bajaj Auto Limited

Orbit Exports Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

Buyback Price

₹10000 per share

₹250 per share

Issue Size

40,00,000 shares

6,00,000 shares

Issue Size (Amount)

₹4,000.00 Crores

₹15.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	7 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 Shareholders	1 Equity Shares out of every 82 Fully paid-up Equity Shares held on the Record Date.	3,400,000.00

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	6 Equity Shares out of every 97 Fully paid-up Equity Shares held on the Record Date.	90,000.00
General Category for all other Eligible Shareholders	1 Equity Shares out of every 50 Fully paid-up Equity Shares held on the Record Date.	510,000.00

Registrar

Kfin Technologies Limited

Link Intime India Private Ltd

Lead Managers

Jm Financial Limited

Saffron Capital Advisors Private Limited

Necessity of the buyback

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.

The Buyback is being undertaken for the following objectives:

Improve the valuation of the company and fair valuation of the share price.
Enhancing the overall return to shareholders in the long run.
Creating long-term value for shareholders.
Improving the fundamental ratios of the company.
Exit option to shareholders particularly small shareholders at a premium over market price.

Buyback Timetable

Bajaj Auto Buyback 2024 and Orbit Exports Buyback 2024 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Bajaj Auto Buyback 2024 Buyback record date is Feb 29, 2024. Orbit Exports Buyback 2024 Buyback record date is Feb 13, 2024.

	Bajaj Auto Limited	Orbit Exports Limited
Record Date	Feb 29, 2024	Feb 13, 2024
Offer Open Date	Mar 06, 2024	Feb 20, 2024
Offer Closure Date	Mar 13, 2024	Feb 26, 2024
Last date for receipt of tender forms	Mar 13, 2024	Feb 26, 2024
Finalisation of buyback	Mar 19, 2024	Mar 01, 2024
Last Date for settlment of bids	Mar 20, 2024	Mar 04, 2024
Last Date for extinguishment of shares	Mar 26, 2024	Mar 14, 2024

Financial Details and Other Relevent Information

Comparison of Bajaj Auto Buyback 2024 and Orbit Exports 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.

Bajaj Auto Limited

Orbit Exports Limited

Financial

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 Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets		35,136.45	35,111.21	33,601.71
Revenue	34,391.51	37,642.90	34,428.85	29,017.54
Profit After Tax	5,696.81	6,060.21	6,165.87	4,857.02
Reserves and Surplus		25,142.90	26,379.43	24,912.89
Amount in ₹ Crore

Orbit Exports Limited Financial Information (Restated Consolidated)

Orbit Exports Limited's revenue increased by 52.66% and profit after tax (PAT) rose by 93.18% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	287.03	279.09	226.16
Revenue	200.25	131.17	73.07
Profit After Tax	34.38	17.80	2.38
Net Worth	217.86	194.59	176.86
Reserves and Surplus	190.37	167.57	149.98
Total Borrowing	25.37	39.17	14.37
Amount in ₹ Crore

Stock price at BSE

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 BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jan-2024	198.10	175.65	185.11
Dec-2023	187.25	173.15	178.77
Nov-2023	223.25	190.40	201.85

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

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jan-2024	198.25	173.35	184.80
Dec-2023	186.75	172.20	179.20
Nov-2023	224.35	190.95	201.85

Compare with others

Bajaj Auto Limited	Orbit Exports Limited
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Freshtrop Fruits Buyback 2024	Tips Industries Buyback 2024
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Kaveri Seed Company Buyback 2024	Arnold Holdings Buyback 2024
Dhampur Sugar Mills Buyback 2024	Bajaj Auto Buyback 2024
SM Auto Stamping Buyback 2023	Chambal Fertilisers and Chemicals Buyback 2024
SIS Buyback 2023	Kaveri Seed Company Buyback 2024

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