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Cheviot Company Buyback vs MPS Buyback

Comparision between Cheviot Company Buyback and MPS Buyback.

Buyback Details

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

  Cheviot Company Limited MPS Limited
Logo Cheviot Company Buyback Logo MPS Buyback Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE BSE, NSE
Face Value ₹10 per share ₹10 per share
Buyback Price ₹1725 per share ₹900 per share
Issue Size 2,50,000 shares 9,44,444 shares
Issue Size (Amount) ₹43.13 Crores ₹85.00 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.
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 15 Equity Shares out of every 82 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 2 Equity Shares out of every 43 Equity Shares held on the Record Date.
Registrar Maheshwari Datamatics Pvt. Ltd Cameo Corporate Services Limited
Lead Managers Vc Corporate Advisors Pvt Ltd (Vcapl) Ernst & Young Merchant Banking Services Llp
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, return on capital employed, and return on equity, by reducing the equity base of the Company.

Buyback Timetable

Cheviot Company Buyback and MPS 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. MPS Buyback Buyback record date is Dec 17, 2021.

  Cheviot Company Limited MPS Limited
Record Date Dec 17, 2021 Dec 17, 2021
Offer Open Date Jan 10, 2022 Jan 14, 2022
Offer Closure Date Jan 21, 2022 Jan 28, 2022
Last date for receipt of tender forms Jan 25, 2022 Jan 31, 2022
Finalisation of buyback Jan 28, 2022 Feb 08, 2022
Last Date for settlment of bids Jan 31, 2022 Feb 08, 2022
Last Date for extinguishment of shares Feb 09, 2022 Feb 15, 2022

Financial Details and Other Relevent Information

Comparison of Cheviot Company Buyback and MPS 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 MPS 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 Consolidated)
Particulars For the year/period ended (Rs. in Millions)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Income 4,324.2 3,516.3 3,878.0
Profit After Tax 585.6 598.6 760.4
Net Worth 3,747.5 3,583.8 4,695.0
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 746.30 674.45 709.27
Oct-2021 745.00 658.30 691.44
Sep-2021 734.00 657.50 695.77
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 779.00 675.35 709.71
Oct-2021 746.60 636.05 691.20
Sep-2021 730.00 662.00 696.11

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