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Dwarikesh Sugar Industries Buyback 2024 vs eClerx Services Buyback 2024

Comparision between Dwarikesh Sugar Industries Buyback 2024 and eClerx Services Buyback 2024.

Buyback Details

Dwarikesh Sugar Industries Buyback 2024 is a Tender Offer buyback proposed to list at BSE, NSE while eClerx Services Buyback 2024 is a Tender Offer proposed to list at BSE, NSE.

  Dwarikesh Sugar Industries Limited eClerx Services Limited
Logo Dwarikesh Sugar Industries Buyback 2024 Logo eClerx Services Buyback 2024 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹1 per share ₹10 per share
Buyback Price ₹105 per share ₹2800 per share
Issue Size 30,00,000 shares 13,75,000 shares
Issue Size (Amount) ₹31.50 Crores ₹385.00 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders13 Equity Shares out of every 816 Fully paid-up Equity Shares held on the Record Date.710,005.00
General Category for all other Eligible Shareholders13 Equity Shares out of every 816 Fully paid-up Equity Shares held on the Record Date.2,289,995.00
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders1 Equity Shares out of every 6 Fully paid-up Equity Shares held on the Record Date.206,250.00
General Category for all other Eligible Shareholders10 Equity Shares out of every 109 Fully paid-up Equity Shares held on the Record Date.1,168,750.00
Registrar Link Intime India Private Ltd Kfin Technologies Limited
Lead Managers Centrum Capital Limited Emkay Global Financial Services Ltd
Necessity of the buyback

The Buyback is being undertaken for the following objectives:

  1. The Buyback will help the Company to distribute surplus funds to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to the shareholders and it will also help in improving return on equity, by reducing the equity base, thereby leading to long term increase in shareholders' value;
  2. The Buyback, which is being implemented through the tender offer route as prescribed under the Buyback Regulations, would involve the allocation of a number of equity shares as per the entitlement to the shareholders or 15% of the number of Equity Shares to be bought back whichever is higher, 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" as per Regulation 2(i)(n) of the Buyback Regulations; and
  3. The Buyback gives an option to the Eligible Shareholders to either (a) choose to participate and get cash in lieu of Equity Shares to be accepted under the Buyback or (b) choose to not participate and enjoy a resultant increase in their percentage shareholding, post-Buyback, without additional investment.

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

  1. The Buy-Back will help the Company to return surplus cash to its shareholders holding ordinary shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders;
  2. The Company believes that the reservation for small shareholders would benefit a large number of public shareholders, who would get classified as "small shareholders" as per Regulation 2(i)(n) of the Buy-Back Regulations;
  3. The Buy-Back would help in improving return on equity by reducing the share capital base and increasing shareholder's value in the longer term;
  4. The Buy-Back gives an option to the shareholders holding ordinary shares of the Company, who can choose to participate and get cash in lieu of ordinary shares to be accepted under the Buy-Back offer or they may choose not to participate and benefit from a resultant increase in their percentage shareholding, post the Buy-Back offer, without additional investment; and
  5. The Buy-Back will help the Company in achieving an optimal capital structure.

Buyback Timetable

Dwarikesh Sugar Industries Buyback 2024 and eClerx Services Buyback 2024 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Dwarikesh Sugar Industries Buyback 2024 Buyback record date is Mar 20, 2024. eClerx Services Buyback 2024 Buyback record date is Jul 04, 2024.

  Dwarikesh Sugar Industries Limited eClerx Services Limited
Record Date Mar 20, 2024 Jul 04, 2024
Offer Open Date Mar 27, 2024 Jul 09, 2024
Offer Closure Date Apr 03, 2024 Jul 15, 2024
Last date for receipt of tender forms Apr 03, 2024 Jul 15, 2024
Finalisation of buyback Apr 10, 2024
Last Date for settlment of bids Apr 12, 2024 Jul 22, 2024
Last Date for extinguishment of shares Apr 24, 2024 Jul 30, 2024

Financial Details and Other Relevent Information

Comparison of Dwarikesh Sugar Industries Buyback 2024 and eClerx Services Buyback 2024 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Dwarikesh Sugar Industries Limited eClerx Services Limited
Financial

Dwarikesh Sugar Industries Limited Financial Information (Restated)

Dwarikesh Sugar Industries Limited's revenue increased by 7.07% and profit after tax (PAT) dropped by -32.47% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,280.011,419.541,445.44
Revenue1,339.182,117.001,977.231,845.94
Profit After Tax60.69104.81155.2291.54
Reserves and Surplus722.59655.44561.42
Total Borrowing371.89523.31608.47
Amount in ₹ Crore

eClerx Services Limited Financial Information (Restated Consolidated)

eClerx Services Limited's revenue increased by 10.22% and profit after tax (PAT) rose by 4.61% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets2,928.972,287.74
Revenue2,991.182,713.852,184.96
Profit After Tax511.73489.18417.76
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2024 86.10 77.89 81.86
Jan-2024 87.72 80.92 85.40
Dec-2023 91.47 83.84 87.67

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jun-2024 2510.00 2116.00 2342.10
May-2024 2475.00 2127.10 2299.19
Apr-2024 2548.75 2320.00 2434.01
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2024 86.10 77.95 81.86
Jan-2024 87.80 80.90 85.36
Dec-2023 91.50 83.80 87.65

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jun-2024 2512.00 2114.00 2341.96
May-2024 2485.00 2129.05 2298.47
Apr-2024 2549.90 2322.95 2437.33

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