Cosmo First Buyback vs eClerx Services Buyback 2022

Comparision between Cosmo First Buyback and eClerx Services Buyback 2022.

Buyback Details

Cosmo First Buyback is a Tender Offer buyback proposed to list at BSE, NSE while eClerx Services Buyback 2022 is a Tender Offer proposed to list at BSE, NSE.

Cosmo First Limited

eClerx Services Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

Buyback Price

₹1070 per share

₹1750 per share

Issue Size

10,09,345 shares

17,14,285 shares

Issue Size (Amount)

₹108.00 Crores

₹300.00 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

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	7 Equity Shares out of every 46 Fully paid-up Equity Shares held on the Record Date.	257,143.00
General Category for all other Eligible Shareholders	6 Equity Shares out of every 202 Fully paid-up Equity Shares held on the Record Date.	1,457,142.00

Registrar

Link Intime India Private Ltd

Kfin Technologies Limited

Lead Managers

Anand Rathi Securities Limited

Emkay Global Financial Services Ltd

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 Buy Back is being proposed by the company for fulfilling the following objectives:

The Buy Back 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 the shareholders.
The Buy Back may help in improving return on equity due to reduction in the equity base, thereby leading to long term increase in shareholder value.
The Buy Back will help in achieving an optimal capital structure.

Buyback Timetable

Cosmo First Buyback and eClerx Services Buyback 2022 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. eClerx Services Buyback 2022 Buyback record date is Dec 27, 2022.

	Cosmo First Limited	eClerx Services Limited
Record Date	Dec 14, 2022	Dec 27, 2022
Offer Open Date	Jan 27, 2023	Feb 03, 2023
Offer Closure Date	Feb 09, 2023	Feb 16, 2023
Last date for receipt of tender forms	Feb 09, 2023	Feb 16, 2023
Finalisation of buyback	Feb 17, 2023	Feb 23, 2023
Last Date for settlment of bids	Feb 20, 2023	Feb 24, 2023
Last Date for extinguishment of shares	Feb 27, 2023	Mar 01, 2023

Financial Details and Other Relevent Information

Comparison of Cosmo First Buyback and eClerx Services Buyback 2022 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

eClerx Services 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

eClerx Services Limited Financial Information (Consolidated)
Period Ended	Total Revenue	Profit After Tax	Net Worth
31-Mar-20	1174.17	123.57	1111.31
31-Mar-21	1230.36	238.79	1182.62
31-Mar-22	1571.86	354.9	1174.53
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	1494.25	1297.85	1395.80
Oct-2022	1499.45	1254.15	1336.66
Sep-2022	1545.90	1420.70	1473.07

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	1494.90	1293.00	1395.38
Oct-2022	1500.00	1254.00	1336.53
Sep-2022	1545.00	1420.00	1472.99

Compare with others

Cosmo First Limited	eClerx Services Limited
Hinduja Global Solutions Buyback	Cosmo First Buyback
One 97 Communications 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
Jenburkt Pharmaceuticals Buyback	Technocraft Industries Buyback 2022
Indian Energy Exchange Buyback	Triveni Engineering Buyback 2022
Softsol India Buyback 2022	Balrampur Chini Buyback 2022
Tips Industries Buyback 2022	Windlas Biotech Buyback 2022
eClerx Services Buyback 2022	Orbit Exports Buyback

Comments

Add a public comment...