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AksharChem India Buyback vs Goldiam International Buyback

Comparision between AksharChem India Buyback and Goldiam International Buyback.

Buyback Details

AksharChem India Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Goldiam International Buyback is a Tender Offer proposed to list at BSE, NSE.

  AksharChem (India) Limited Goldiam International Limited
Logo AksharChem India Buyback Logo Goldiam International Buyback Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹10 per share ₹10 per share
Buyback Price ₹590 per share ₹1200 per share
Issue Size 1,69,491 shares 3,80,000 shares
Issue Size (Amount) ₹10.00 Crores ₹45.60 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 13 Equity Shares out of every 563 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 17 Equity Shares out of every 838 fully paid-up Equity Shares held on the Record Date.
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 20 Equity Shares out of every 313 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 9 Equity Shares out of every 593 fully paid-up Equity Shares held on the Record Date.
Registrar Link Intime India Private Ltd Link Intime India Private Ltd
Lead Managers Vivro Financial Services Private Limited Keynote Financial Services Ltd
Necessity of the buyback

The Buyback aims to :
i) Distribute surplus funds to shareholders and thereby enhance their overall return.
ii) Improve financial ratios like Earnings per share (EPS), Return on assets (ROA) and Return on Equity (ROE).

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.

Buyback Timetable

AksharChem India Buyback and Goldiam International Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. AksharChem India Buyback Buyback record date is Nov 12, 2021. Goldiam International Buyback Buyback record date is Oct 27, 2021.

  AksharChem (India) Limited Goldiam International Limited
Record Date Nov 12, 2021 Oct 27, 2021
Offer Open Date Dec 08, 2021 Nov 26, 2021
Offer Closure Date Dec 21, 2021 Dec 09, 2021
Last date for receipt of tender forms Dec 21, 2021 Dec 09, 2021
Finalisation of buyback Dec 29, 2021 Dec 17, 2021
Last Date for settlment of bids Dec 30, 2021 Dec 20, 2021
Last Date for extinguishment of shares Jan 06, 2022 Dec 27, 2021

Financial Details and Other Relevent Information

Comparison of AksharChem India Buyback and Goldiam International Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  AksharChem (India) Limited Goldiam International Limited
Financial
Summary of financial Information standalone)
Particulars For the year/period ended (Rs. in Millions)
  30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Income 1,789.62 2,476.11 2,611.97 3,282.32
Profit After Tax 79.97 125.00 157.22 225.89
Reserves & Surplus 2,756.18 2,705.19 2,571.09 2,489.99
Net Worth 2,883.21 2,787.22 2,653.12 2,572.02
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 2,335.92 1,728.06 1,806.41
Profit After Tax 305.13 190.42 195.79
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2021 613.50 406.25 509.17
Sep-2021 469.00 399.25 425.43
Aug-2021 490.00 386.10 435.56

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Sep-2021 1074.00 710.80 861.61
Aug-2021 790.00 584.30 690.16
Jul-2021 620.00 441.00 554.36
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2021 613.70 404.30 508.70
Sep-2021 468.00 399.10 425.24
Aug-2021 490.00 385.00 436.17

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Sep-2021 1075.00 712.90 861.47
Aug-2021 789.00 595.00 690.09
Jul-2021 617.00 441.00 554.57

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