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Ajanta Pharma Buyback vs Cheviot Company Buyback

Comparision between Ajanta Pharma Buyback and Cheviot Company Buyback.

Buyback Details

Ajanta Pharma Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Cheviot Company Buyback is a Tender Offer proposed to list at BSE.

  Ajanta Pharma Limited Cheviot Company Limited
Logo Ajanta Pharma Buyback Logo Cheviot Company Buyback Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE
Face Value ₹2 per share ₹10 per share
Buyback Price ₹2550 per share ₹1725 per share
Issue Size 11,20,000 shares 2,50,000 shares
Issue Size (Amount) ₹285.60 Crores ₹43.13 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 30 Equity Shares out of every 151 shares held on the record date.
General Category for all other Eligible Shareholders 1 Equity Shares out of every 91 shares held on the record date.
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 13 Equity Shares out of every 141 shares held on the record date.
General Category for all other Eligible Shareholders 31 Equity Shares out of every 854 shares held on the record date.
Registrar Link Intime India Private Ltd Maheshwari Datamatics Pvt. Ltd
Lead Managers Vivro Financial Services Private Limited Vc Corporate Advisors Pvt Ltd (Vcapl)
Necessity of the buyback

The Buyback aims to :
i) Distribute surplus funds to shareholders and thereby enhance their overall return.
ii) Improve financial ratios like Earnings per share (EPS), Return on assets (ROA) and Return on Equity (ROE).

The Buyback aims to :
i) Distribute surplus funds to shareholders and thereby enhance their overall return.
ii) Improve financial ratios like Earnings per share (EPS), Return on assets (ROA) and Return on Equity (ROE).

Buyback Timetable

Ajanta Pharma Buyback and Cheviot Company Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Ajanta Pharma Buyback Buyback record date is Jan 14, 2022. Cheviot Company Buyback Buyback record date is Dec 17, 2021.

  Ajanta Pharma Limited Cheviot Company Limited
Record Date Jan 14, 2022 Dec 17, 2021
Offer Open Date Feb 03, 2022 Jan 10, 2022
Offer Closure Date Feb 16, 2022 Jan 21, 2022
Last date for receipt of tender forms Feb 16, 2022 Jan 25, 2022
Finalisation of buyback Feb 24, 2022 Jan 28, 2022
Last Date for settlment of bids Feb 25, 2022 Jan 31, 2022
Last Date for extinguishment of shares Mar 04, 2022 Feb 09, 2022

Financial Details and Other Relevent Information

Comparison of Ajanta Pharma Buyback and Cheviot Company Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Ajanta Pharma Limited Cheviot Company Limited
Financial
Summary of financial Information Consolidated)
Particulars For the year/period ended (Rs. in Crores)
  30-Sep-21 31-Mar-21 31-Mar-20
Total Income 1,694.96 2,915.67 2,680.06
Profit After Tax 369.69 653.87 467.70
Net Worth 3,358.90 2,995.63 2,598.87
Reserves and Surplus 3,341.51 2,978.24 2,581.33
Summary of financial Information Standalone)
Particulars For the year/period ended (Rs. in Millions)
  30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Income 2,705.19 4,413.03 4,677.62 4,166.73
Profit After Tax 476.14 757.23 481.21 501.78
Net Worth 4,398.25 5,014.98 4,659.72 4,451.81
Reserves and Surplus 4,335.55 4,952.27 4,595.01 4,387.11
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 2239.10 2015.80 2136.74
Oct-2021 2366.30 2053.65 2213.24
Sep-2021 2340.00 2112.70 2199.31

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 1390.00 1131.00 1224.93
Oct-2021 1305.00 1102.00 1223.67
Sep-2021 1369.95 1250.00 1308.24
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 2239.10 2000.00 2137.44
Oct-2021 2365.80 2053.65 2213.37
Sep-2021 2330.00 2110.00 2201.05

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