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CL Educate Buyback 2023 vs Indiamart Intermesh Buyback 2023

Comparision between CL Educate Buyback 2023 and Indiamart Intermesh Buyback 2023.

Buyback Details

CL Educate Buyback 2023 is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Indiamart Intermesh Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.

  CL Educate Limited Indiamart Intermesh Limited
Logo CL Educate Buyback 2023 Logo Indiamart Intermesh Buyback 2023 Logo
Type of Buyback Open Market Through Stock Exchange Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹5 per share ₹10 per share
Buyback Price ₹94 per share ₹4000 per share
Issue Size 12,50,000 shares
Issue Size (Amount) ₹15.00 Crores ₹500.00 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders7 Equity Shares out of every 85 Fully paid-up Equity Shares held on the Record Date.187,500.00
General Category for all other Eligible Shareholders1 Equity Shares out of every 55 Fully paid-up Equity Shares held on the Record Date.1,062,500.00
Registrar Kfin Technologies Limited Link Intime India Private Ltd
Lead Managers V B Desai Financial Services Limited Nuvama Wealth Management Limited
Necessity of the buyback

The Buyback is being undertaken for the following reasons

(i) The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares;

(ii) The Buyback may help in improving return on equity, by reduction in the equity base, thereby leading to an increase in shareholders' value; and

(iii) 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 Buyback is being undertaken for the following reasons:

  • Taking into account the operational and strategic cash requirements of the Company in the medium term (including investment in growth plans and associated capital expenditure) and cash reserves, the Company considers appropriate to return surplus funds to the shareholders in an effective and efficient manner. Further, the Buyback will promote capital efficiency and thereby increasing shareholders' value and improving return on equity.
  • The Buyback gives an option to the Eligible Shareholders (as defined below) to either (A) participate in the Buyback and receive cash in lieu of their Equity Shares which are accepted under the Buyback, or (B) not to participate in the Buyback and get a resultant increase in their percentage shareholding in the Company post the Buyback, without additional investment.

Buyback Timetable

CL Educate Buyback 2023 and Indiamart Intermesh Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. CL Educate Buyback 2023 Buyback record date is . Indiamart Intermesh Buyback 2023 Buyback record date is Aug 25, 2023.

  CL Educate Limited Indiamart Intermesh Limited
Record Date Aug 25, 2023
Offer Open Date Aug 21, 2023 Aug 31, 2023
Offer Closure Date Nov 28, 2023 Sep 06, 2023
Last date for receipt of tender forms Sep 06, 2023
Finalisation of buyback Sep 12, 2023
Last Date for settlment of bids Sep 13, 2023
Last Date for extinguishment of shares Sep 25, 2023

Financial Details and Other Relevent Information

Comparison of CL Educate Buyback 2023 and Indiamart Intermesh 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.

  CL Educate Limited Indiamart Intermesh Limited
Financial

CL Educate Limited Financial Information (Restated Consolidated)

CL Educate Limited's revenue increased by 37.73% and profit after tax (PAT) rose by 63.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Assets372.83347.78351.67421.46493.93
Revenue297.71216.16191.91323.92352.50
Profit After Tax22.5313.79-12.60-53.0619.98
Net Worth
Reserves and Surplus247.24247.48232.82291.68346.98
Total Borrowing
Amount in ₹ Crore
Indiamart Intermesh Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-222,948.85865.68297.62
31-Mar-233,444.631,165.93283.83
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2023 77.90 64.10 71.72
Jun-2023 71.70 60.70 66.68
May-2023 72.09 51.91 60.63

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2023 3205.00 2612.65 2885.62
Jun-2023 5965.00 2783.55 4774.53
May-2023 6101.00 5331.70 5736.02
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2023 79.00 64.05 72.14
Jun-2023 71.80 61.15 67.85
May-2023 72.20 51.75 60.02

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2023 3335.55 2611.40 2886.08
Jun-2023 5969.00 2781.65 4774.59
May-2023 6097.00 5327.05 5736.63

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