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CL Educate Buyback 2023 vs Control Print (India) Buyback 2023

Comparision between CL Educate Buyback 2023 and Control Print (India) Buyback 2023.

Buyback Details

CL Educate Buyback 2023 is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Control Print (India) Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.

  CL Educate Limited Control Print (India) Limited
Logo CL Educate Buyback 2023 Logo Control Print (India) Buyback 2023 Logo
Type of Buyback Open Market Through Stock Exchange Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹5 per share ₹10 per share
Buyback Price ₹94 per share ₹800 per share
Issue Size 3,37,500 shares
Issue Size (Amount) ₹15.00 Crores ₹27.00 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders4 Equity Shares out of every 95 Fully paid-up Equity Shares held on the Record Date.50,625.00
General Category for all other Eligible Shareholders1 Equity Shares out of every 53 Fully paid-up Equity Shares held on the Record Date.286,875.00
Registrar Kfin Technologies Limited Bigshare Services Pvt Ltd
Lead Managers V B Desai Financial Services Limited Keynote Financial Services Ltd
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 Buyback will help the company to improve financial ratios like EPS and ROE, by reducing the equity base of the company, and thereby enhancing the overall return to shareholders.
  2. The Buyback gives an option to the shareholders holding Equity Shares of the company, either to sell their Equity Shares and receive cash or not to sell their Equity Shares and get a resultant increase in their percentage shareholding, post the Buyback offer, without additional investment.
  3. The Buyback, which is being implemented through the tender offer as prescribed under the Buyback Regulations, would involve a minimum reservation of 15% for Small Shareholders and allocation of a higher number of shares as per their entitlement or 15% of the number of shares to be bought back, reserved for the Small Shareholders. The company believes that this reservation for Small Shareholders would benefit a large number of public shareholders, who would get classified as Small Shareholders.

Buyback Timetable

CL Educate Buyback 2023 and Control Print (India) 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 . Control Print (India) Buyback 2023 Buyback record date is Aug 18, 2023.

  CL Educate Limited Control Print (India) Limited
Record Date Aug 18, 2023
Offer Open Date Aug 21, 2023 Aug 24, 2023
Offer Closure Date Nov 28, 2023 Aug 30, 2023
Last date for receipt of tender forms Aug 30, 2023
Finalisation of buyback Sep 05, 2023
Last Date for settlment of bids Sep 06, 2023
Last Date for extinguishment of shares Sep 15, 2023

Financial Details and Other Relevent Information

Comparison of CL Educate Buyback 2023 and Control Print (India) 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 Control Print (India) 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
Control Print (India) Buyback 2023 Financial Information (Restated Consolidated)
Period Ended31 Mar 201931 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Assets251.12256.36290.07323.65374.03
Revenue175.43196.06204.21258.49308.15
Profit After Tax29.7526.3429.0540.1052.85
Net Worth
Reserves and Surplus
Total Borrowing
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 673.35 619.65 650.05
Jun-2023 656.15 610.25 638.47
May-2023 635.20 568.90 598.40
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 674.00 619.45 650.30
Jun-2023 656.70 609.90 638.95
May-2023 635.35 569.55 598.75

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