eClerx Services Limited Buyback vs Mahalaxmi Rubtech Buyback

Comparision between eClerx Services Limited Buyback and Mahalaxmi Rubtech Buyback.

Buyback Details

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

eClerx Services Limited

Mahalaxmi Rubtech Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

BSE

Face Value

₹10 per share

Buyback Price

₹2850 per share

₹70 per share

Issue Size

10,63,157 shares

27,00,000 shares

Issue Size (Amount)

₹303.00 Crores

₹18.90 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	25 Equity shares out of every 73 fully paid up Equity shares held on the Record date.
General Category for all other Eligible Shareholders	14 Equity shares out of every 71 fully paid up Equity shares held on the Record date.

Registrar

Kfin Technologies Limited

Cameo Corporate Services Limited

Lead Managers

Emkay Global Financial Services Ltd

Saffron Capital Advisors Private 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 :
ii) Give an option to shareholders to get cash in lieu of Equity Shares to be accepted under the Buyback or choose not to participate and enjoy a resultant increase in their percentage shareholding without additional investment.
iii) The Buyback will help in improving certain key financial ratios of the Company.

Buyback Timetable

eClerx Services Limited Buyback and Mahalaxmi Rubtech 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. Mahalaxmi Rubtech Buyback Buyback record date is Aug 27, 2021.

	eClerx Services Limited	Mahalaxmi Rubtech Limited
Record Date	Sep 30, 2021	Aug 27, 2021
Offer Open Date	Oct 18, 2021	Sep 29, 2021
Offer Closure Date	Nov 01, 2021	Oct 12, 2021
Last date for receipt of tender forms	Nov 01, 2021	Oct 15, 2021
Finalisation of buyback	Nov 08, 2021	Oct 22, 2021
Last Date for settlment of bids	Nov 09, 2021	Oct 25, 2021
Last Date for extinguishment of shares	Nov 12, 2021	Nov 01, 2021

Financial Details and Other Relevent Information

Comparison of eClerx Services Limited Buyback and Mahalaxmi Rubtech 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

Mahalaxmi Rubtech 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 Millions)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	1,393.76	1,811.11	1,866.50
Profit After Tax	61.00	48.16	49.31
Net Worth	940.32	880.91	830.48
Reserves and Surplus	807.12	747.71	697.28

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
Jul-2021	68.75	47.90	58.33
Jun-2021	51.35	48.25	49.80
May-2021	51.10	37.60	44.35

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

Compare with others

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

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