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eClerx Services Buyback 2022 vs Orbit Exports Buyback

Comparision between eClerx Services Buyback 2022 and Orbit Exports Buyback.

Buyback Details

eClerx Services Buyback 2022 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.

  eClerx Services Limited Orbit Exports Limited
Logo eClerx Services Buyback 2022 Logo Orbit Exports Buyback Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹10 per share ₹10 per share
Buyback Price ₹1750 per share ₹245 per share
Issue Size 17,14,285 shares 4,08,163 shares
Issue Size (Amount) ₹300.00 Crores ₹10.00 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders7 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 Shareholders6 Equity Shares out of every 202 Fully paid-up Equity Shares held on the Record Date.1,457,142.00
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 Kfin Technologies Limited Link Intime India Private Ltd
Lead Managers Emkay Global Financial Services Ltd Keynote Financial Services Ltd
Necessity of the buyback

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

  1. 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.
  2. 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.
  3. The Buy Back will help in achieving an optimal capital structure.

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

eClerx Services Buyback 2022 and Orbit Exports Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. eClerx Services Buyback 2022 Buyback record date is Dec 27, 2022. Orbit Exports Buyback Buyback record date is Nov 18, 2022.

  eClerx Services Limited Orbit Exports Limited
Record Date Dec 27, 2022 Nov 18, 2022
Offer Open Date Feb 03, 2023 Dec 15, 2022
Offer Closure Date Feb 16, 2023 Dec 28, 2022
Last date for receipt of tender forms Feb 16, 2023 Dec 28, 2022
Finalisation of buyback Feb 23, 2023 Jan 05, 2023
Last Date for settlment of bids Feb 24, 2023 Jan 06, 2023
Last Date for extinguishment of shares Mar 01, 2023 Jan 13, 2023

Financial Details and Other Relevent Information

Comparison of eClerx Services Buyback 2022 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.

  eClerx Services Limited Orbit Exports Limited
Financial
eClerx Services Limited Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet Worth
31-Mar-201174.17123.571111.31
31-Mar-211230.36238.791182.62
31-Mar-221571.86354.91174.53
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
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 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
Nov-2022 1494.90 1293.00 1395.38
Oct-2022 1500.00 1254.00 1336.53
Sep-2022 1545.00 1420.00 1472.99

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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