eClerx Services Limited Buyback vs Gandhi Special Tubes Limited Buyback

Comparision between eClerx Services Limited Buyback and Gandhi Special Tubes Limited Buyback.

Buyback Details

eClerx Services Limited Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Gandhi Special Tubes Limited Buyback is a Tender Offer proposed to list at BSE, NSE.

eClerx Services Limited

Gandhi Special Tubes Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

₹5 per share

Buyback Price

₹2850 per share

₹550 per share

Issue Size

10,63,157 shares

7,66,616 shares

Issue Size (Amount)

₹303.00 Crores

₹42.16 Crores

Buyback Ratio

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.

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	1 Equity Shares out of every 8 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	12 Equity Shares out of every 221 fully paid-up Equity Shares held on the Record Date.

Registrar

Kfin Technologies Limited

Lead Managers

Emkay Global Financial Services Ltd

Prime Securities Limited

Necessity of the buyback

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.

The Buyback aims to :
i) Return surplus cash to the shareholders, thereby, optimizing returns to the shareholders and enhancing the overall shareholders’ value.
ii) Improve Return on Equity, Earnings per share, enhance return on invested capital, and thereby enhance shareholder value in the long term.

Buyback Timetable

eClerx Services Limited Buyback and Gandhi Special Tubes Limited Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. eClerx Services Limited Buyback Buyback record date is Sep 30, 2021. Gandhi Special Tubes Limited Buyback Buyback record date is Aug 31, 2021.

	eClerx Services Limited	Gandhi Special Tubes Limited
Record Date	Sep 30, 2021	Aug 31, 2021
Offer Open Date	Oct 18, 2021	Sep 21, 2021
Offer Closure Date	Nov 01, 2021	Oct 04, 2021
Last date for receipt of tender forms	Nov 01, 2021	Oct 06, 2021
Finalisation of buyback	Nov 08, 2021	Oct 12, 2021
Last Date for settlment of bids	Nov 09, 2021	Oct 13, 2021
Last Date for extinguishment of shares	Nov 12, 2021	Oct 20, 2021

Financial Details and Other Relevent Information

Comparison of eClerx Services Limited Buyback and Gandhi Special Tubes 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.

eClerx Services Limited

Gandhi Special Tubes Limited

Financial

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

Summary of financial Information (standalone)
Particulars	For the year/period ended (Rs.in Lakhs)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	11,965.50	8,664.96	13,061.55
Profit After Tax	3,615.23	2,137.28	3,863.13
Net Worth	16,890.22	14,352.80	19,845.45
Reserves and Surplus	16,244.29	13,706.87	19,154.52

Stock price at BSE

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 BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Aug-2021	557.85	432.90	483.73
Jul-2021	500.00	422.30	455.30
Jun-2021	442.05	310.10	374.00

Stock price at NSE

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

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Aug-2021	558.85	432.65	483.88
Jul-2021	492.45	423.00	455.38
Jun-2021	441.70	310.05	374.02

Compare with others

eClerx Services Limited	Gandhi Special Tubes Limited
MPS Buyback	Goldiam International Buyback
AksharChem India Buyback	eClerx Services Limited Buyback
S H Kelkar Buyback	Rishiroop Limited Buyback
Nucleus Software Buyback	Mahalaxmi Rubtech Buyback
Goldiam International Buyback	Star Cement Buyback
Rishiroop Limited Buyback	Shriram Pistons & Rings Buyback
Mahalaxmi Rubtech Buyback	Rsystems Buyback
Star Cement Buyback	Kaveri Seed Buyback
Gandhi Special Tubes Limited Buyback	Balrampur Chini Mills Buyback
Shriram Pistons & Rings Buyback	Tanla Platforms Buyback

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