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Anand Rathi Buyback 2024 vs Freshtrop Fruits Buyback 2024

Comparision between Anand Rathi Buyback 2024 and Freshtrop Fruits Buyback 2024.

Buyback Details

Anand Rathi Buyback 2024 is a Tender Offer buyback proposed to list at BSE, NSE while Freshtrop Fruits Buyback 2024 is a Tender Offer proposed to list at BSE.

  Anand Rathi Wealth Limited Freshtrop Fruits Limited
Logo Anand Rathi Buyback 2024 Logo Freshtrop Fruits Buyback 2024 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE
Face Value ₹5 per share ₹10 per share
Buyback Price ₹4450 per share ₹175 per share
Issue Size 3,70,000 shares 19,25,000 shares
Issue Size (Amount) ₹164.65 Crores ₹33.69 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders37 Equity Shares out of every 483 Fully paid-up Equity Shares held on the Record Date.55,500.00
General Category for all other Eligible Shareholders3 Equity Shares out of every 392 Fully paid-up Equity Shares held on the Record Date.314,500.00
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders25 Equity Shares out of every 84 Fully paid-up Equity Shares held on the Record Date.288,750.00
General Category for all other Eligible Shareholders11 Equity Shares out of every 60 Fully paid-up Equity Shares held on the Record Date.1,636,250.00
Registrar Link Intime India Private Ltd Bigshare Services Pvt Ltd
Lead Managers Mark Corporate Advisors Private Limited Vivro Financial Services Private Limited
Necessity of the buyback

Buyback is being undertaken, inter-alia, for the following reasons:

  1. The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders;
  2. The Buyback will help the company to optimize capital structure;
  3. The Buyback, which is being implemented through the tender offer route as prescribed under the SEBI Buyback Regulations, would involve the allocation of the number of Equity Shares as per their entitlement 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 be classified as "small shareholders" as per Regulation 2(i)(n) of the SEBI Buyback Regulations;
  4. The Buyback may help in improving its earnings per share and return on equity, by reduction in the equity base, thereby leading to a long-term increase in shareholders' value; and
  5. The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares to be accepted under the Buyback offer or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer, without additional investment.

The current Buyback is in line with the Company's shareholder-friendly capital allocation practices of returning excess cash to shareholders, thereby increasing shareholders' value in the longer term, and improving the Return on Equity. The Buy-back is being undertaken by the Company to enhance shareholders' value and improve financial ratios. Additionally, the Buy-back is being undertaken for the following reasons:

  1. The Buy-back 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;
  2. The Buy-back, which is being implemented through the Tender Offer as prescribed under the Buyback Regulations, would involve a reservation of number of Equity Shares as per their entitlement or 15% of the Buy-back Size 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 defined under Regulation 2(i)(n) of the Buy-back Regulations;
  3. The Buy-back will help in improving financial ratios like earnings per share, return on assets and return on equity calculated on the basis of financial statements, by reducing the equity base of the Company; and
  4. The Buy-back gives an option to the Eligible Shareholders to either choose to participate in the Buyback and receive cash in lieu of their Equity Shares which are accepted under the Buy-back or choose not to participate in the Buy-back and get a resultant increase in their percentage shareholding in the Company post Buy-back, without additional investment.

Buyback Timetable

Anand Rathi Buyback 2024 and Freshtrop Fruits Buyback 2024 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Anand Rathi Buyback 2024 Buyback record date is Jun 03, 2024. Freshtrop Fruits Buyback 2024 Buyback record date is Apr 02, 2024.

  Anand Rathi Wealth Limited Freshtrop Fruits Limited
Record Date Jun 03, 2024 Apr 02, 2024
Offer Open Date Jun 07, 2024 Apr 08, 2024
Offer Closure Date Jun 13, 2024 Apr 16, 2024
Last date for receipt of tender forms Jun 13, 2024 Apr 16, 2024
Finalisation of buyback Jun 19, 2024 Apr 23, 2024
Last Date for settlment of bids Jun 21, 2024 Apr 24, 2024
Last Date for extinguishment of shares Jul 02, 2024 May 06, 2024

Financial Details and Other Relevent Information

Comparison of Anand Rathi Buyback 2024 and Freshtrop Fruits 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.

  Anand Rathi Wealth Limited Freshtrop Fruits Limited
Financial

Anand Rathi Wealth Limited Financial Information (Restated Consolidated)

Anand Rathi Wealth Limited's revenue increased by 34.68% and profit after tax (PAT) rose by 33.94% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets624.12480.16339.75
Revenue751.97558.33425.63279.25
Profit After Tax225.82168.60126.8044.62
Reserves and Surplus486.12360.97267.29
Amount in ₹ Crore

Freshtrop Fruits Limited Financial Information (Restated)

Freshtrop Fruits Limited's revenue increased by 68.7% and profit after tax (PAT) rose by 15.05% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Revenue69.87107.8963.9544.80
Profit After Tax60.168.467.369.49
Net Worth139.4379.3681.1476.28
Reserves and Surplus129.5369.4770.4565.35
Total Borrowing21.1524.0130.96
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
May-2024 4075.20 3850.35 3965.90
Apr-2024 4246.00 3430.00 3892.26
Mar-2024 4199.80 3437.05 3752.24

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Mar-2024 165.20 156.45 160.68
Feb-2024 172.90 155.70 162.20
Jan-2024 182.85 142.90 162.64
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
May-2024 4088.00 3850.00 3966.43
Apr-2024 4248.00 3424.00 3890.40
Mar-2024 4050.00 3440.00 3753.70

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