Balrampur Chini Mills Buyback vs Star Cement Buyback

Comparision between Balrampur Chini Mills Buyback and Star Cement Buyback.

Buyback Details

Balrampur Chini Mills Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Star Cement Buyback is a Tender Offer proposed to list at BSE, NSE.

Balrampur Chini Mills Limited

Star Cement Limited

Logo

Type of Buyback

Open Market Through Stock Exchange

Tender Offer

Listing At

BSE, NSE

Face Value

₹1 per share

Buyback Price

₹410 per share

₹150 per share

Issue Size

82,48,580 shares

Issue Size (Amount)

₹215.25 Crores

₹123.73 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	6 Equity Shares out of every 47 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	2 Equity Shares out of every 115 fully paid-up Equity Shares held on the Record Date.

Registrar

Kfin Technologies Limited

Maheshwari Datamatics Pvt. Ltd

Lead Managers

Axis Capital Limited

Narnolia Financial Services Ltd

Necessity of the buyback

The Buyback aims to :
i) Optimize returns to shareholders.
ii) Enhance overall shareholder value.
iii) Optimize the capital structure.

The Buyback aims to :
i) Return surplus cash to the shareholders, thereby, optimizing returns to the shareholders and enhancing the overall shareholders’ value.
ii) Improve Return on Equity, Earnings per share, enhance return on invested capital, and thereby enhance shareholder value in the long term.
iii) The Buyback will help in optimizing the capital structure.

Buyback Timetable

Balrampur Chini Mills Buyback and Star Cement Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Balrampur Chini Mills Buyback Buyback record date is . Star Cement Buyback Buyback record date is Aug 26, 2021.

	Balrampur Chini Mills Limited	Star Cement Limited
Record Date		Aug 26, 2021
Offer Open Date	Aug 17, 2021	Sep 22, 2021
Offer Closure Date	Feb 16, 2022	Oct 05, 2021
Last date for receipt of tender forms		Oct 07, 2021
Finalisation of buyback		Oct 13, 2021
Last Date for settlment of bids		Oct 14, 2021
Last Date for extinguishment of shares		Oct 21, 2021

Financial Details and Other Relevent Information

Comparison of Balrampur Chini Mills Buyback and Star Cement Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Balrampur Chini Mills Limited

Star Cement Limited

Financial

Summary of financial Information (standalone)
Particulars	For the year/period ended (Rs. in Millions)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	48,451.05	47,798.40	43,285.20
Profit After Tax	4,697.72	5,092.81	5,706.38
Net Worth	24,804.42	22,874.96	20,011.01

Summary of financial Information (standalone)
Particulars	For the year/period ended (Rs.in Crores)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	1,685.16	1,801.33	1,734.88
Profit After Tax	157.27	218.70	255.89
Net Worth	1,268.45	1,111.17	1,044.87
Reserves and Surplus	1,227.20	1,069.93	1,002.95

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2021	387.10	327.50	349.21
Jun-2021	370.00	294.35	338.20
May-2021	348.95	276.95	310.21

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2021	119.00	107.00	111.73
Jun-2021	117.90	101.10	109.23
May-2021	115.00	98.00	106.07

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2021	386.80	327.30	349.13
Jun-2021	370.00	294.40	338.27
May-2021	349.15	276.40	310.24

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2021	119.25	106.85	111.76
Jun-2021	117.95	101.05	109.30
May-2021	115.30	99.80	106.24

Compare with others

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Tanla Platforms Buyback	Gandhi Special Tubes Limited Buyback
Infosys Buyback	Shriram Pistons & Rings Buyback
Welspun India Buyback	Rsystems Buyback
Navneet Education Buyback	Kaveri Seed Buyback
Infobeans Technologies Buyback	Balrampur Chini Mills Buyback

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