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AksharChem India Buyback vs Cheviot Company Buyback

Comparision between AksharChem India Buyback and Cheviot Company Buyback.

Buyback Details

AksharChem India 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.

  AksharChem (India) Limited Cheviot Company Limited
Logo AksharChem India Buyback Logo Cheviot Company Buyback Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE
Face Value ₹10 per share ₹10 per share
Buyback Price ₹590 per share ₹1725 per share
Issue Size 1,69,491 shares 2,50,000 shares
Issue Size (Amount) ₹10.00 Crores ₹43.13 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 13 Equity Shares out of every 563 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 17 Equity Shares out of every 838 fully paid-up Equity 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

AksharChem India Buyback and Cheviot Company Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. AksharChem India Buyback Buyback record date is Nov 12, 2021. Cheviot Company Buyback Buyback record date is Dec 17, 2021.

  AksharChem (India) Limited Cheviot Company Limited
Record Date Nov 12, 2021 Dec 17, 2021
Offer Open Date Dec 08, 2021 Jan 10, 2022
Offer Closure Date Dec 21, 2021 Jan 21, 2022
Last date for receipt of tender forms Dec 21, 2021 Jan 25, 2022
Finalisation of buyback Dec 29, 2021 Jan 28, 2022
Last Date for settlment of bids Dec 30, 2021 Jan 31, 2022
Last Date for extinguishment of shares Jan 06, 2022 Feb 09, 2022

Financial Details and Other Relevent Information

Comparison of AksharChem India 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.

  AksharChem (India) Limited Cheviot Company Limited
Financial
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 1,789.62 2,476.11 2,611.97 3,282.32
Profit After Tax 79.97 125.00 157.22 225.89
Reserves & Surplus 2,756.18 2,705.19 2,571.09 2,489.99
Net Worth 2,883.21 2,787.22 2,653.12 2,572.02
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
Oct-2021 613.50 406.25 509.17
Sep-2021 469.00 399.25 425.43
Aug-2021 490.00 386.10 435.56

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
Oct-2021 613.70 404.30 508.70
Sep-2021 468.00 399.10 425.24
Aug-2021 490.00 385.00 436.17

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