Elegant Marbles & Grani Industries Buyback 2023 vs Tata Consultancy Services Buyback 2023

Comparision between Elegant Marbles & Grani Industries Buyback 2023 and Tata Consultancy Services Buyback 2023.

Buyback Details

Elegant Marbles & Grani Industries Buyback 2023 is a Tender Offer buyback proposed to list at BSE while Tata Consultancy Services Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.

Elegant Marbles & Grani Industries

Tata Consultancy Services Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE

BSE, NSE

Face Value

₹10 per share

₹1 per share

Buyback Price

₹385 per share

₹4150 per share

Issue Size

6,97,000 shares

4,09,63,855 shares

Issue Size (Amount)

₹26.83 Crores

₹17,000.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	86 Equity Shares out of every 353 Fully paid-up Equity Shares held on the Record Date.	104,550.00
General Category for all other Eligible Shareholders	161 Equity Shares out of every 878 Fully paid-up Equity Shares held on the Record Date.	529,450.00

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	1 Equity Shares out of every 6 Fully paid-up Equity Shares held on the Record Date.	6,144,579.00
General Category for all other Eligible Shareholders	2 Equity Shares out of every 209 Fully paid-up Equity Shares held on the Record Date.	34,819,276.00

Registrar

Link Intime India Private Ltd

Lead Managers

Sundae Capital Advisors

Jm Financial Limited

Necessity of the buyback

The Board is of the view that the proposed Buyback will help the Company achieve the following objectives

Optimize returns to shareholders;
Enhance overall shareholders value and
Optimizes the capital structure. The above objectives will be achieved by returning part of surplus cash to shareholders through the Buyback process. This may lead to reduction in outstanding Equity Shares, improvement in earnings per Equity Share and enhanced return on invested capital.

The current buyback is in line with the Company's shareholders-friendly capital allocation practice of returning excess cash to the shareholders thereby increasing shareholder value in the longer term and improving the return on equity

Buyback Timetable

Elegant Marbles & Grani Industries Buyback 2023 and Tata Consultancy Services Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Elegant Marbles & Grani Industries Buyback 2023 Buyback record date is Jan 05, 2024. Tata Consultancy Services Buyback 2023 Buyback record date is Nov 25, 2023.

	Elegant Marbles & Grani Industries	Tata Consultancy Services Limited
Record Date	Jan 05, 2024	Nov 25, 2023
Offer Open Date	Jan 11, 2024	Dec 01, 2023
Offer Closure Date	Jan 17, 2024	Dec 07, 2023
Last date for receipt of tender forms	Jan 19, 2024	Dec 07, 2023
Finalisation of buyback		Dec 13, 2023
Last Date for settlment of bids	Jan 24, 2024	Dec 14, 2023
Last Date for extinguishment of shares	Feb 05, 2024	Dec 26, 2023

Financial Details and Other Relevent Information

Comparison of Elegant Marbles & Grani Industries Buyback 2023 and Tata Consultancy Services Buyback 2023 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Elegant Marbles & Grani Industries

Tata Consultancy Services Limited

Financial

Elegant Marbles & Grani Industries Financial Information (Restated Standalone)

Elegant Marbles & Grani Industries's revenue increased by 26.93% and profit after tax (PAT) rose by 13.02% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets
Revenue	17.69	37.85	29.82	11.95
Profit After Tax	2.60	3.04	2.69	-0.79
Net Worth	140.82	105.96	105.50	91.42
Reserves and Surplus	137.16	102.30	101.84	87.76
Amount in ₹ Crore

Tata Consultancy Services Limited Financial Information (Restated Consolidated)

Tata Consultancy Services Limited's revenue increased by 16.6% and profit after tax (PAT) rose by 2.41% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets
Revenue	103,685.00	195,682.00	167,827.00	141,363.00
Profit After Tax	21,413.00	39,106.00	38,187.00	30,960.00
Net Worth	83,926.00	74,538.00	77,173.00	74,794.00
Reserves and Surplus
Total Borrowing
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2023	333.80	187.00	316.33
Oct-2023	208.70	170.35	185.96
Oct-2023	186.85	160.00	172.24

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Oct-2023	3637.25	3337.75	3497.58
Sep-2023	3606.15	3379.20	3527.62
Aug-2023	3483.75	3357.05	3418.81

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Oct-2023	3638.35	3336.75	3497.80
Sep-2023	3606.15	3379.20	3528.02
Aug-2023	3484.05	3356.80	3418.45

Compare with others

Elegant Marbles & Grani Industries	Tata Consultancy Services Limited
Kaveri Seed Company Buyback 2024	Rajoo Engineers Buyback 2023
Dhampur Sugar Mills Buyback 2024	Elegant Marbles & Grani Industries Buyback 2023
SM Auto Stamping Buyback 2023	Gujarat Narmada Valley Fertilizers Buyback 2023
SIS Buyback 2023	Atul Buyback 2023
Rajoo Engineers Buyback 2023	Somany Ceramics Buyback 2023
Gujarat Narmada Valley Fertilizers Buyback 2023	Siyaram Silk Mills Buyback 2023
Atul Buyback 2023	Sinclairs Hotels Buyback 2023
Somany Ceramics Buyback 2023	KRBL Buyback 2023
Tata Consultancy Services Buyback 2023	FDC Buyback 2023
Siyaram Silk Mills Buyback 2023	CL Educate Buyback 2023

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