AksharChem India Buyback vs eClerx Services Limited Buyback

Comparision between AksharChem India Buyback and eClerx Services Limited Buyback.

Buyback Details

AksharChem India Buyback is a Tender Offer buyback proposed to list at BSE, NSE while eClerx Services Limited Buyback is a Tender Offer proposed to list at BSE, NSE.

AksharChem (India) Limited

eClerx Services Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

Buyback Price

₹590 per share

₹2850 per share

Issue Size

1,69,491 shares

10,63,157 shares

Issue Size (Amount)

₹10.00 Crores

₹303.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	13 Equity Shares out of every 563 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	17 Equity Shares out of every 838 fully paid-up Equity Shares held on the Record Date.

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	13 Equity Shares out of every 74 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	13 Equity Shares out of every 489 fully paid-up Equity Shares held on the Record Date.

Registrar

Link Intime India Private Ltd

Kfin Technologies Limited

Lead Managers

Vivro Financial Services Private Limited

Emkay Global Financial Services Ltd

Necessity of the buyback

The Buyback aims to :
i) Distribute surplus funds to shareholders and thereby enhance their overall return.
ii) Improve financial ratios like Earnings per share (EPS), Return on assets (ROA) and Return on Equity (ROE).

The Buyback aims to:
i) help the Company to distribute surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
iii) in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the Company.

Buyback Timetable

AksharChem India Buyback and eClerx Services Limited Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. AksharChem India Buyback Buyback record date is Nov 12, 2021. eClerx Services Limited Buyback Buyback record date is Sep 30, 2021.

	AksharChem (India) Limited	eClerx Services Limited
Record Date	Nov 12, 2021	Sep 30, 2021
Offer Open Date	Dec 08, 2021	Oct 18, 2021
Offer Closure Date	Dec 21, 2021	Nov 01, 2021
Last date for receipt of tender forms	Dec 21, 2021	Nov 01, 2021
Finalisation of buyback	Dec 29, 2021	Nov 08, 2021
Last Date for settlment of bids	Dec 30, 2021	Nov 09, 2021
Last Date for extinguishment of shares	Jan 06, 2022	Nov 12, 2021

Financial Details and Other Relevent Information

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

AksharChem (India) Limited

eClerx Services Limited

Financial

Summary of financial Information standalone)
Particulars	For the year/period ended (Rs. in Millions)
	30-Sep-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	1,789.62	2,476.11	2,611.97	3,282.32
Profit After Tax	79.97	125.00	157.22	225.89
Reserves & Surplus	2,756.18	2,705.19	2,571.09	2,489.99
Net Worth	2,883.21	2,787.22	2,653.12	2,572.02

Summary of financial Information standalone)
Particulars	For the year/period ended (Rs. in Millions)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	12,367.85	11,741.68	11,956.43
Profit After Tax	2,389.04	1,235.71	2,096.13
Net Worth	12,536.81	11,113.07	13,052.03

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Oct-2021	613.50	406.25	509.17
Sep-2021	469.00	399.25	425.43
Aug-2021	490.00	386.10	435.56

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Aug-2021	2395.05	1977.35	2214.97
Jul-2021	2314.00	1950.00	2146.70
Jun-2021	1915.30	1231.50	1592.23

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Oct-2021	613.70	404.30	508.70
Sep-2021	468.00	399.10	425.24
Aug-2021	490.00	385.00	436.17

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Aug-2021	2392.80	1951.05	2212.54
Jul-2021	2279.80	1955.00	2147.26
Jun-2021	1938.55	1231.05	1594.74

Compare with others

AksharChem (India) Limited	eClerx Services Limited
Ajanta Pharma Buyback	MPS Buyback
Cheviot Company Buyback	AksharChem India Buyback
Weizmann Buyback	S H Kelkar Buyback
MOIL Buyback	Nucleus Software Buyback
MPS Buyback	Goldiam International Buyback
S H Kelkar Buyback	Rishiroop Limited Buyback
Nucleus Software Buyback	Mahalaxmi Rubtech Buyback
Goldiam International Buyback	Star Cement Buyback
eClerx Services Limited Buyback	Gandhi Special Tubes Limited Buyback
Rishiroop Limited Buyback	Shriram Pistons & Rings Buyback

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