Free Account Opening + AMC Free Demat
Loading...

Chambal Fertilisers and Chemicals Buyback 2024 vs SIS Buyback 2023

Comparision between Chambal Fertilisers and Chemicals Buyback 2024 and SIS Buyback 2023.

Buyback Details

Chambal Fertilisers and Chemicals Buyback 2024 is a Tender Offer buyback proposed to list at BSE, NSE while SIS Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.

  Chambal Fertilisers and Chemicals Limited SIS Limited
Logo Chambal Fertilisers and Chemicals Buyback 2024 Logo SIS Buyback 2023 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹10 per share ₹5 per share
Buyback Price ₹450 per share ₹550 per share
Issue Size 1,55,55,555 shares 16,36,363 shares
Issue Size (Amount) ₹700.00 Crores ₹90.00 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders1 Equity Shares out of every 14 Fully paid-up Equity Shares held on the Record Date.2,333,334.00
General Category for all other Eligible Shareholders1 Equity Shares out of every 29 Fully paid-up Equity Shares held on the Record Date.13,222,221.00
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders13 Equity Shares out of every 97 Fully paid-up Equity Shares held on the Record Date.255,455.00
General Category for all other Eligible Shareholders2 Equity Shares out of every 207 Fully paid-up Equity Shares held on the Record Date.1,380,908.00
Registrar Link Intime India Private Ltd Link Intime India Private Ltd
Lead Managers Axis Capital Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
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 in improving financial ratios such as earnings per share and return on equity.

The Buyback is being undertaken, among other things, for the following objects:

(i) The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders;

(ii) The Buyback, which is being implemented through the tender offer route as prescribed under the SEBI Buyback Regulations, would involve the allocation of several Equity Shares as per their entitlement or 15% of the number of Equity Shares to be repurchased whichever is higher, reserved for the small shareholders. The Company believes that this reservation for small shareholders would benefit a large number of public shareholders, who would get classified as "small shareholders" as per Regulation 2(i)(n) of the SEBI Buyback Regulations;

(iii) The Buyback may help in improving return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders' value; and

(iv) The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash instead 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 offer, without additional investment.

(v) The Buyback may lead to reduced outstanding Equity Shares, improved earnings per equity share, and enhanced return on equity. The Buyback will not in any manner impair the ability of the Company to pursue growth opportunities or meet its cash requirements for business operations and for continued capital investment, as and when required

Buyback Timetable

Chambal Fertilisers and Chemicals Buyback 2024 and SIS Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Chambal Fertilisers and Chemicals Buyback 2024 Buyback record date is Jan 18, 2024. SIS Buyback 2023 Buyback record date is Dec 12, 2023.

  Chambal Fertilisers and Chemicals Limited SIS Limited
Record Date Jan 18, 2024 Dec 12, 2023
Offer Open Date Jan 24, 2024 Dec 18, 2023
Offer Closure Date Jan 31, 2024 Dec 22, 2023
Last date for receipt of tender forms Jan 31, 2024 Dec 22, 2023
Finalisation of buyback Feb 06, 2024 Dec 29, 2023
Last Date for settlment of bids Feb 07, 2024 Jan 01, 2024
Last Date for extinguishment of shares Feb 16, 2024 Jan 10, 2024

Financial Details and Other Relevent Information

Comparison of Chambal Fertilisers and Chemicals Buyback 2024 and SIS 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.

  Chambal Fertilisers and Chemicals Limited SIS Limited
Financial

Chambal Fertilisers and Chemicals Limited Financial Information (Restated Consolidated)

Chambal Fertilisers and Chemicals Limited's revenue increased by 73.15% and profit after tax (PAT) dropped by -33.99% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Revenue11,065.5027,940.5716,136.8312,756.36
Profit After Tax719.561,033.791,566.061,747.59
Net Worth7,690.187,052.926,386.095,235.75
Total Borrowing2,281.113,335.274,323.093,918.41
Amount in ₹ Crore

SIS Limited Financial Information (Restated Consolidated)

SIS Limited's revenue increased by 12.53% and profit after tax (PAT) dropped by -1.82% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets5,712.705,096.275,039.824,652.12
Revenue11,378.5210,111.769,605.108,538.31
Profit After Tax346.50352.93367.21225.45
Net Worth
Reserves and Surplus2,206.511,933.671,351.811,195.19
Total Borrowing
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2023 381.60 320.05 350.35
Nov-2023 319.00 285.25 303.97
Oct-2023 295.25 269.95 282.87

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2023 490.35 413.85 442.32
Oct-2023 485.00 400.25 444.04
Sep-2023 482.60 415.35 441.93
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2023 381.45 320.20 350.43
Nov-2023 319.05 285.35 304.01
Oct-2023 295.60 270.00 283.02

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2023 491.00 412.15 442.55
Oct-2023 485.50 400.00 444.19
Sep-2023 482.35 420.25 442.17

Comments

Add a public comment...