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eClerx Services Buyback 2022 vs Jenburkt Pharmaceuticals Buyback

Comparision between eClerx Services Buyback 2022 and Jenburkt Pharmaceuticals Buyback.

Buyback Details

eClerx Services Buyback 2022 is a Tender Offer buyback proposed to list at BSE, NSE while Jenburkt Pharmaceuticals Buyback is a Open Market Through Stock Exchange proposed to list at BSE.

  eClerx Services Limited Jenburkt Pharmaceuticals Ltd
Logo eClerx Services Buyback 2022 Logo Jenburkt Pharmaceuticals Buyback Logo
Type of Buyback Tender Offer Open Market Through Stock Exchange
Listing At BSE, NSE BSE
Face Value ₹10 per share ₹10 per share
Buyback Price ₹1750 per share ₹702 per share
Issue Size 17,14,285 shares
Issue Size (Amount) ₹300.00 Crores ₹11.60 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders7 Equity Shares out of every 46 Fully paid-up Equity Shares held on the Record Date.257,143.00
General Category for all other Eligible Shareholders6 Equity Shares out of every 202 Fully paid-up Equity Shares held on the Record Date.1,457,142.00
Registrar Kfin Technologies Limited Bigshare Services Pvt Ltd
Lead Managers Emkay Global Financial Services Ltd Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
Necessity of the buyback

The Buy Back is being proposed by the company for fulfilling the following objectives:

  1. The Buy Back 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 the shareholders.
  2. The Buy Back may help in improving return on equity due to reduction in the equity base, thereby leading to long term increase in shareholder value.
  3. The Buy Back will help in achieving an optimal capital structure.

The buyback is being undertaken for the following reason:

  • The company is expected to achieve the objective of returning surplus funds to the shareholders, improving return on equity through distribution of surplus funds, improving earnings per share by reduction in equity base and increasing shareholders' value in the long term by improving key return ratios.
  • The Buyback will lead to reduction in outstanding Equity Shares of the Company, improvement in 'earnings per share' and enhanced return on equity.

Buyback Timetable

eClerx Services Buyback 2022 and Jenburkt Pharmaceuticals Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. eClerx Services Buyback 2022 Buyback record date is Dec 27, 2022. Jenburkt Pharmaceuticals Buyback Buyback record date is .

  eClerx Services Limited Jenburkt Pharmaceuticals Ltd
Record Date Dec 27, 2022
Offer Open Date Feb 03, 2023 Dec 14, 2022
Offer Closure Date Feb 16, 2023 Mar 24, 2023
Last date for receipt of tender forms Feb 16, 2023
Finalisation of buyback Feb 23, 2023
Last Date for settlment of bids Feb 24, 2023
Last Date for extinguishment of shares Mar 01, 2023

Financial Details and Other Relevent Information

Comparison of eClerx Services Buyback 2022 and Jenburkt Pharmaceuticals Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  eClerx Services Limited Jenburkt Pharmaceuticals Ltd
Financial
eClerx Services Limited Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet Worth
31-Mar-201174.17123.571111.31
31-Mar-211230.36238.791182.62
31-Mar-221571.86354.91174.53
Amount in ₹ Crore
Jenburkt Pharmaceuticals Ltd Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-20123.1114.8782.345.18
31-Mar-21113.616.598.855.07
31-Mar-22128.9322.3116.466.76
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 1494.25 1297.85 1395.80
Oct-2022 1499.45 1254.15 1336.66
Sep-2022 1545.90 1420.70 1473.07

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 645.15 572.00 590.12
Oct-2022 577.25 548.65 563.91
Sep-2022 605.95 535.70 581.48
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 1494.90 1293.00 1395.38
Oct-2022 1500.00 1254.00 1336.53
Sep-2022 1545.00 1420.00 1472.99

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