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Great Eastern Shipping Buyback vs James Warren Tea Buyback

Comparision between Great Eastern Shipping Buyback and James Warren Tea Buyback.

Buyback Details

Great Eastern Shipping Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while James Warren Tea Buyback is a Tender Offer proposed to list at BSE.

  The Great Eastern Shipping Company Limited James Warren Tea Limited
Logo Great Eastern Shipping Buyback Logo James Warren Tea Buyback Logo
Type of Buyback Open Market Through Stock Exchange Tender Offer
Listing At BSE, NSE BSE
Face Value ₹10 per share ₹10 per share
Buyback Price ₹333 per share ₹295 per share
Issue Size 8,42,717 shares
Issue Size (Amount) ₹225.00 Crores ₹24.86 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 103 Equity Shares out of every 602 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 38 Equity Shares out of every 239 fully paid-up Equity Shares held on the Record Date.
Registrar Kfin Technologies Limited Maheshwari Datamatics Pvt. Ltd
Lead Managers Kotak Mahindra Capital Company Limited Fedex Securities Pvt Ltd
Necessity of the buyback

The Buyback aims to :
i) Reduce outstanding number of equity shares and consequently increase earnings per share and book value per share.
ii) Effectively utilize available cash; and
iii) Improve key return ratios like return on equity capital.

The Buyback aims to :
i)Optimize returns to shareholders
ii)Enhance overall shareholders value; and
iii) Optimizes the capital structure.

Buyback Timetable

Great Eastern Shipping Buyback and James Warren Tea Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Great Eastern Shipping Buyback Buyback record date is . James Warren Tea Buyback Buyback record date is Jan 14, 2022.

  The Great Eastern Shipping Company Limited James Warren Tea Limited
Record Date Jan 14, 2022
Offer Open Date Jan 07, 2022 Feb 23, 2022
Offer Closure Date Jul 06, 2022 Mar 09, 2022
Last date for receipt of tender forms Mar 11, 2022
Finalisation of buyback Mar 21, 2022
Last Date for settlment of bids Mar 21, 2022
Last Date for extinguishment of shares Mar 30, 2022

Financial Details and Other Relevent Information

Comparison of Great Eastern Shipping Buyback and James Warren Tea Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  The Great Eastern Shipping Company Limited James Warren Tea Limited
Financial
Summary of financial Information (Standalone)
Particulars For the year/period ended (Rs. in Millions)
  30-Sep-21 31-March-21 31-March-20 31-March-19
Total Income 14,670 28,930 30,910 28,150
Profit After Tax 3,730 10,300 2,810 -190
Net Worth 63,560 60,980 50,670 50,660
Reserves & Surplus 62,090 59,510 49,200 49,150
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 1,339.76 1,457.94 1,489.75
Profit After Tax 289.60 30.08 40.32
Net Worth 921.27 860.99 1078.92
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 351.80 291.25 325.81
Oct-2021 382.00 311.05 346.46
Sep-2021 379.00 348.75 362.27

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2021 272.75 256.50 261.54
Nov-2021 254.40 198.10 239.96
Oct-2021 214.65 187.80 208.83
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 352.10 291.30 325.70
Oct-2021 382.25 310.80 346.45
Sep-2021 379.20 351.10 362.46

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