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Chambal Fertilisers and Chemicals Buyback 2024 vs Freshtrop Fruits Buyback 2024

Comparision between Chambal Fertilisers and Chemicals Buyback 2024 and Freshtrop Fruits Buyback 2024.

Buyback Details

Chambal Fertilisers and Chemicals 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.

  Chambal Fertilisers and Chemicals Limited Freshtrop Fruits Limited
Logo Chambal Fertilisers and Chemicals Buyback 2024 Logo Freshtrop Fruits Buyback 2024 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE
Face Value ₹10 per share ₹10 per share
Buyback Price ₹450 per share ₹175 per share
Issue Size 1,55,55,555 shares 19,25,000 shares
Issue Size (Amount) ₹700.00 Crores ₹33.69 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders1 Equity Shares out of every 14 Fully paid-up Equity Shares held on the Record Date.2,333,334.00
General Category for all other Eligible Shareholders1 Equity Shares out of every 29 Fully paid-up Equity Shares held on the Record Date.13,222,221.00
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 Axis Capital Limited Vivro Financial Services Private Limited
Necessity of the buyback

The Buyback is being undertaken for the following reasons:

  1. The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares thereby, enhancing the overall return to shareholders;
  2. The buyback will help the company to improve its capital structure by optimizing debt to equity ratio. It would also help in improving financial ratios such as earnings per share and return on equity.

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

Chambal Fertilisers and Chemicals 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. Chambal Fertilisers and Chemicals Buyback 2024 Buyback record date is Jan 18, 2024. Freshtrop Fruits Buyback 2024 Buyback record date is Apr 02, 2024.

  Chambal Fertilisers and Chemicals Limited Freshtrop Fruits Limited
Record Date Jan 18, 2024 Apr 02, 2024
Offer Open Date Jan 24, 2024 Apr 08, 2024
Offer Closure Date Jan 31, 2024 Apr 16, 2024
Last date for receipt of tender forms Jan 31, 2024 Apr 16, 2024
Finalisation of buyback Feb 06, 2024 Apr 23, 2024
Last Date for settlment of bids Feb 07, 2024 Apr 24, 2024
Last Date for extinguishment of shares Feb 16, 2024 May 06, 2024

Financial Details and Other Relevent Information

Comparison of Chambal Fertilisers and Chemicals 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.

  Chambal Fertilisers and Chemicals Limited Freshtrop Fruits Limited
Financial

Chambal Fertilisers and Chemicals Limited Financial Information (Restated Consolidated)

Chambal Fertilisers and Chemicals Limited's revenue increased by 73.15% and profit after tax (PAT) dropped by -33.99% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Revenue11,065.5027,940.5716,136.8312,756.36
Profit After Tax719.561,033.791,566.061,747.59
Net Worth7,690.187,052.926,386.095,235.75
Total Borrowing2,281.113,335.274,323.093,918.41
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
Dec-2023 381.60 320.05 350.35
Nov-2023 319.00 285.25 303.97
Oct-2023 295.25 269.95 282.87

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
Dec-2023 381.45 320.20 350.43
Nov-2023 319.05 285.35 304.01
Oct-2023 295.60 270.00 283.02

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