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Dhanuka Agritech Buyback vs Orbit Exports Buyback

Comparision between Dhanuka Agritech Buyback and Orbit Exports Buyback.

Buyback Details

Dhanuka Agritech Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Orbit Exports Buyback is a Tender Offer proposed to list at BSE, NSE.

  Dhanuka Agritech Limited Orbit Exports Limited
Logo Dhanuka Agritech Buyback Logo Orbit Exports Buyback Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹2 per share ₹10 per share
Buyback Price ₹850 per share ₹245 per share
Issue Size 10,00,000 shares 4,08,163 shares
Issue Size (Amount) ₹85.00 Crores ₹10.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 4 Equity Share out of every 33 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 3 Equity Shares out of every 160 Fully paid-up Equity Shares held on the Record Date.
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 2 Equity Share out of every 47 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 9 Equity Shares out of every 673 Fully paid-up Equity Shares held on the Record Date.
Registrar Bigshare Services Pvt Ltd Link Intime India Private Ltd
Lead Managers Sundae Capital Advisors Keynote Financial Services Ltd
Necessity of the buyback

The Buyback is being undertaken for the following reasons:

  1. The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
  2. The Buyback may help in improving return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders' value.

The Buyback is being undertaken, inter-alia, for the following reasons:

  • The Buyback will help the company to return surplus cash to its shareholders broadly in proportion to their shareholding thereby enhancing overall return to the shareholders.
  • The Buyback would give an option to the equity shareholders to either participate in the Buyback and receive cash in lieu of Equity Shares accepted under the Buyback or not participate in the Buyback and enjoy a resultant increase in their percentage shareholding in the company post the buyback without additional investment.

Buyback Timetable

Dhanuka Agritech Buyback and Orbit Exports Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Dhanuka Agritech Buyback Buyback record date is Nov 18, 2022. Orbit Exports Buyback Buyback record date is Nov 18, 2022.

  Dhanuka Agritech Limited Orbit Exports Limited
Record Date Nov 18, 2022 Nov 18, 2022
Offer Open Date Dec 26, 2022 Dec 15, 2022
Offer Closure Date Jan 06, 2023 Dec 28, 2022
Last date for receipt of tender forms Jan 09, 2023 Dec 28, 2022
Finalisation of buyback Jan 16, 2023 Jan 05, 2023
Last Date for settlment of bids Jan 17, 2023 Jan 06, 2023
Last Date for extinguishment of shares Jan 24, 2023 Jan 13, 2023

Financial Details and Other Relevent Information

Comparison of Dhanuka Agritech Buyback and Orbit Exports Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Dhanuka Agritech Limited Orbit Exports Limited
Financial
Dhanuka Agritech Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-201145.16141.35707.58698.07
31-Mar-211421.17210.56796.19786.87
31-Mar-221511.36208.89960.42951.1
Amount in ₹ Crore
Orbit Exports Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20150.2326.26174.09146.716.08
31-Mar-2173.072.38176.86149.4814.37
31-Mar-22131.1717.8194.59167.2139.17
30-Sep-22109.1422.23217.88190.539.4
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2022 748.00 645.55 703.00
Sep-2022 748.90 630.65 708.70
Aug-2022 725.95 680.80 700.89

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2022 186.75 155.35 164.80
Sep-2022 171.80 146.90 157.90
Aug-2022 158.60 114.65 140.09
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2022 742.00 645.60 705.47
Sep-2022 750.00 631.20 704.47
Aug-2022 726.00 680.00 703.80

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2022 185.85 155.50 164.79
Sep-2022 172.25 147.75 158.12
Aug-2022 158.40 115.05 140.02

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