Cosmo First Buyback vs One 97 Communications Buyback

Comparision between Cosmo First Buyback and One 97 Communications Buyback.

Buyback Details

Cosmo First Buyback is a Tender Offer buyback proposed to list at BSE, NSE while One 97 Communications Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

Cosmo First Limited

One 97 Communications Limited

Logo

Type of Buyback

Tender Offer

Open Market Through Stock Exchange

Listing At

BSE, NSE

Face Value

₹10 per share

₹1 per share

Buyback Price

₹1070 per share

₹810 per share

Issue Size

10,09,345 shares

Issue Size (Amount)

₹108.00 Crores

₹850.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	8 Equity Shares out of every 121 Fully paid-up Equity Shares held on the Record Date.	151,402.00
General Category for all other Eligible Shareholders	29 Equity Shares out of every 844 Fully paid-up Equity Shares held on the Record Date.	857,943.00

Registrar

Link Intime India Private Ltd

Lead Managers

Anand Rathi Securities Limited

Axis Capital Limited

Necessity of the buyback

The buyback is being undertaken for the following reason:

The Buyback will improve financial ratios like earnings per share, return on capital employed and return on equity, calculated on the basis of financial statements, by reduction in the equity basis of the Company, thereby leading to long term increase in shareholders' value.

The Buyback will help in achieving an optimal capital structure.

The Buyback will help the Company to distribute surplus cash to the Eligible Shareholders broadly in proportion to their shareholding, thereby, enhancing their overall return.

The Buyback is being undertaken for the following reasons:

The Board believes that this buyback is a sign of confidence thai the Company is on a clear path to deliver cash flow profitability, and this buy-back will not have any impact on growth plans in the near future or on its profitability plans.

Buyback Timetable

Cosmo First Buyback and One 97 Communications Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Cosmo First Buyback Buyback record date is Dec 14, 2022. One 97 Communications Buyback Buyback record date is .

	Cosmo First Limited	One 97 Communications Limited
Record Date	Dec 14, 2022
Offer Open Date	Jan 27, 2023	Dec 21, 2022
Offer Closure Date	Feb 09, 2023	Feb 13, 2023
Last date for receipt of tender forms	Feb 09, 2023
Finalisation of buyback	Feb 17, 2023
Last Date for settlment of bids	Feb 20, 2023
Last Date for extinguishment of shares	Feb 27, 2023

Financial Details and Other Relevent Information

Comparison of Cosmo First Buyback and One 97 Communications Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Cosmo First Limited

One 97 Communications Limited

Financial

Cosmo First Limited Financial Information (Consolidated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2222.99	113.44	726.63	707.19	789.45
31-Mar-21	2322.92	136	841.19	823.02	760.29
31-Mar-22	3086.71	396.61	1175.43	1157.26	810.05
30-Sep-22	1638.91	166.53	1332.6	1305.34	839.16
Amount in ₹ Crore

One 97 Communications Limited Financial Information (Consolidated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
07-Apr-20	3540.7	-2842.4	8105.2	208.7
31-Mar-21	3186.8	-1701	6534.8	544.9
31-Mar-22	5264.3	-2396.4	14151.6	0.1
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2022	814.20	657.95	738.71
Oct-2022	899.30	728.05	812.91
Sep-2022	929.90	837.05	880.26

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2022	668.45	439.60	565.94
Oct-2022	745.00	624.65	668.99
Sep-2022	747.75	627.60	698.33

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2022	815.00	658.10	738.94
Oct-2022	895.55	728.80	812.42
Sep-2022	925.00	837.00	880.57

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2022	668.40	438.35	565.98
Oct-2022	745.45	625.00	668.92
Sep-2022	748.00	629.55	698.32

Compare with others

Cosmo First Limited	One 97 Communications Limited
Hinduja Global Solutions Buyback	KDDL Buyback 2023
One 97 Communications Buyback	Abirami Financial Services Buyback 2023
KAMA Holdings Buyback	VLS Finance Buyback
Bajaj Consumer Care Buyback	Welspun Enterprises Buyback
Freshtrop Fruits Buyback 2022	Hinduja Global Solutions Buyback
Jenburkt Pharmaceuticals Buyback	KAMA Holdings Buyback
Indian Energy Exchange Buyback	Bajaj Consumer Care Buyback
Softsol India Buyback 2022	Freshtrop Fruits Buyback 2022
Tips Industries Buyback 2022	Cosmo First Buyback
eClerx Services Buyback 2022	Jenburkt Pharmaceuticals Buyback

Comments

Add a public comment...