Cheviot Company Buyback vs Great Eastern Shipping Buyback

Comparision between Cheviot Company Buyback and Great Eastern Shipping Buyback.

Buyback Details

Cheviot Company Buyback is a Tender Offer buyback proposed to list at BSE while Great Eastern Shipping Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

Cheviot Company Limited

The Great Eastern Shipping Company Limited

Logo

Type of Buyback

Tender Offer

Open Market Through Stock Exchange

Listing At

BSE

BSE, NSE

Face Value

₹10 per share

Buyback Price

₹1725 per share

₹333 per share

Issue Size

2,50,000 shares

Issue Size (Amount)

₹43.13 Crores

₹225.00 Crores

Buyback Ratio

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

Maheshwari Datamatics Pvt. Ltd

Kfin Technologies Limited

Lead Managers

Vc Corporate Advisors Pvt Ltd (Vcapl)

Kotak Mahindra Capital Company Limited

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) Reduce outstanding number of equity shares and consequently increase earnings per share and book value per share.
ii) Effectively utilize available cash; and
iii) Improve key return ratios like return on equity capital.

Buyback Timetable

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

	Cheviot Company Limited	The Great Eastern Shipping Company Limited
Record Date	Dec 17, 2021
Offer Open Date	Jan 10, 2022	Jan 07, 2022
Offer Closure Date	Jan 21, 2022	Jul 06, 2022
Last date for receipt of tender forms	Jan 25, 2022
Finalisation of buyback	Jan 28, 2022
Last Date for settlment of bids	Jan 31, 2022
Last Date for extinguishment of shares	Feb 09, 2022

Financial Details and Other Relevent Information

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

Cheviot Company Limited

The Great Eastern Shipping 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	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

Summary of financial Information (Standalone)
Particulars	For the year/period ended (Rs. in Millions)
	30-Sep-21	31-March-21	31-March-20	31-March-19
Total Income	14,670	28,930	30,910	28,150
Profit After Tax	3,730	10,300	2,810	-190
Net Worth	63,560	60,980	50,670	50,660
Reserves & Surplus	62,090	59,510	49,200	49,150

Stock price at BSE

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 BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2021	351.80	291.25	325.81
Oct-2021	382.00	311.05	346.46
Sep-2021	379.00	348.75	362.27

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2021	352.10	291.30	325.70
Oct-2021	382.25	310.80	346.45
Sep-2021	379.20	351.10	362.46

Compare with others

Cheviot Company Limited	The Great Eastern Shipping Company Limited
Emami Ltd Buyback	K.P.R Mill Buyback
TCS Buyback	Mayur Uniquoters Buyback
James Warren Tea Buyback	Emami Ltd Buyback
Great Eastern Shipping Buyback	TCS Buyback
Ajanta Pharma Buyback	James Warren Tea Buyback
Weizmann Buyback	Ajanta Pharma Buyback
MOIL Buyback	Cheviot Company Buyback
MPS Buyback	Weizmann Buyback
AksharChem India Buyback	MOIL Buyback
S H Kelkar Buyback	MPS Buyback

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