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CL Educate Buyback 2023 vs Siyaram Silk Mills Buyback 2023

Comparision between CL Educate Buyback 2023 and Siyaram Silk Mills Buyback 2023.

Buyback Details

CL Educate Buyback 2023 is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Siyaram Silk Mills Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.

  CL Educate Limited Siyaram Silk Mills Limited
Logo CL Educate Buyback 2023 Logo Siyaram Silk Mills Buyback 2023 Logo
Type of Buyback Open Market Through Stock Exchange Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹5 per share ₹2 per share
Buyback Price ₹94 per share ₹720 per share
Issue Size 14,99,992 shares
Issue Size (Amount) ₹15.00 Crores ₹108.00 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders53 Equity Shares out of every 457 Fully paid-up Equity Shares held on the Record Date.224,999.00
General Category for all other Eligible Shareholders21 Equity Shares out of every 739 Fully paid-up Equity Shares held on the Record Date.1,274,993.00
Registrar Kfin Technologies Limited Link Intime India Private Ltd
Lead Managers V B Desai Financial Services Limited Vivro Financial Services Private Limited
Necessity of the buyback

The Buyback is being undertaken for the following reasons

(i) The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares;

(ii) The Buyback may help in improving return on equity, by reduction in the equity base, thereby leading to an increase in shareholders' value; and

(iii) The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu 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.

The Buy Back is being proposed by the Company to fulfill the following objectives:

  1. The Buy Back will help the Company to return surplus cash to its shareholders.
  2. The Buy Back, which is being implemented through the tender offer involving a reservation for Small Shareholders of 15%. The Company believes that this reservation of 15% for Small Shareholders would benefit a large number of public shareholders.
  3. The Buy-back will help in improving financial ratios like earnings per share, return on assets, and return on equity calculated on the basis of financial statements, by reducing the equity base of the Company.
  4. The Buy Back gives an option to the shareholders holding Equity Shares of the Company, to either choose to participate and get cash in lieu of Equity Shares or choose not to participate and enjoy a resultant increase in their percentage shareholding.

Buyback Timetable

CL Educate Buyback 2023 and Siyaram Silk Mills Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. CL Educate Buyback 2023 Buyback record date is . Siyaram Silk Mills Buyback 2023 Buyback record date is Sep 18, 2023.

  CL Educate Limited Siyaram Silk Mills Limited
Record Date Sep 18, 2023
Offer Open Date Aug 21, 2023 Sep 25, 2023
Offer Closure Date Nov 28, 2023 Oct 03, 2023
Last date for receipt of tender forms Oct 03, 2023
Finalisation of buyback Oct 09, 2023
Last Date for settlment of bids Oct 10, 2023
Last Date for extinguishment of shares Oct 19, 2023

Financial Details and Other Relevent Information

Comparison of CL Educate Buyback 2023 and Siyaram Silk Mills 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.

  CL Educate Limited Siyaram Silk Mills Limited
Financial

CL Educate Limited Financial Information (Restated Consolidated)

CL Educate Limited's revenue increased by 37.73% and profit after tax (PAT) rose by 63.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Assets372.83347.78351.67421.46493.93
Revenue297.71216.16191.91323.92352.50
Profit After Tax22.5313.79-12.60-53.0619.98
Net Worth
Reserves and Surplus247.24247.48232.82291.68346.98
Total Borrowing
Amount in ₹ Crore
Siyaram Silk Mills Buyback 2023 Financial Information (Restated Consolidated)
Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Assets1,503.231,210.491,512.901,636.73
Revenue1,733.111,130.091,939.422,272.77
Profit After Tax69.253.58216.24250.99
Net Worth
Reserves and Surplus
Total Borrowing431.83160.46253.18190.94
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2023 77.90 64.10 71.72
Jun-2023 71.70 60.70 66.68
May-2023 72.09 51.91 60.63

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2023 575.00 534.90 553.43
Jun-2023 567.30 519.35 541.40
May-2023 584.55 486.60 529.33
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2023 79.00 64.05 72.14
Jun-2023 71.80 61.15 67.85
May-2023 72.20 51.75 60.02

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2023 575.00 534.10 553.40
Jun-2023 567.70 519.00 541.55
May-2023 584.60 486.95 529.34

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