Cosmo First Buyback vs KAMA Holdings Buyback

Comparision between Cosmo First Buyback and KAMA Holdings Buyback.

Buyback Details

Cosmo First Buyback is a Tender Offer buyback proposed to list at BSE, NSE while KAMA Holdings Buyback is a Tender Offer proposed to list at BSE.

Cosmo First Limited

KAMA Holdings Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

BSE

Face Value

₹10 per share

Buyback Price

₹1070 per share

₹14500 per share

Issue Size

10,09,345 shares

34,500 shares

Issue Size (Amount)

₹108.00 Crores

₹50.03 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	8 Equity Shares out of every 121 Fully paid-up Equity Shares held on the Record Date.	151,402.00
General Category for all other Eligible Shareholders	29 Equity Shares out of every 844 Fully paid-up Equity Shares held on the Record Date.	857,943.00

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	15 Equity Shares out of every 47 Fully paid-up Equity Shares held on the Record Date.	5,175.00
General Category for all other Eligible Shareholders	2 Equity Shares out of every 439 Fully paid-up Equity Shares held on the Record Date.	29,325.00

Registrar

Link Intime India Private Ltd

Kfin Technologies Limited

Lead Managers

Anand Rathi Securities Limited

SBI Capital Markets Limited

Necessity of the buyback

The buyback is being undertaken for the following reason:

The Buyback will improve financial ratios like earnings per share, return on capital employed and return on equity, calculated on the basis of financial statements, by reduction in the equity basis of the Company, thereby leading to long term increase in shareholders' value.

The Buyback will help in achieving an optimal capital structure.

The Buyback will help the Company to distribute surplus cash to the Eligible Shareholders broadly in proportion to their shareholding, thereby, enhancing their overall return.

The Buyback is being proposed by the company for the following benefits:

The Buyback will improve financial ratios like earnings per share, return on capital employed, and return on equity, calculated based on financial statements, by a reduction in the equity base of the Company, thereby leading to a long-term increase in shareholders' value.
The Buyback will help in achieving an optimal capital structure.
The Buyback gives an option to the Eligible Shareholders to either (i) choose to participate and get cash instead of Equity Shares to be accepted under the Buyback or (ii) choose to not participate and enjoy a resultant increase in their percentage shareholding, post Buyback, without additional investment.

Buyback Timetable

Cosmo First Buyback and KAMA Holdings Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Cosmo First Buyback Buyback record date is Dec 14, 2022. KAMA Holdings Buyback Buyback record date is Dec 23, 2022.

	Cosmo First Limited	KAMA Holdings Limited
Record Date	Dec 14, 2022	Dec 23, 2022
Offer Open Date	Jan 27, 2023	Jan 31, 2023
Offer Closure Date	Feb 09, 2023	Feb 13, 2023
Last date for receipt of tender forms	Feb 09, 2023	Feb 13, 2023
Finalisation of buyback	Feb 17, 2023	Feb 21, 2023
Last Date for settlment of bids	Feb 20, 2023	Feb 22, 2023
Last Date for extinguishment of shares	Feb 27, 2023	Mar 01, 2023

Financial Details and Other Relevent Information

Comparison of Cosmo First Buyback and KAMA Holdings Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Cosmo First Limited

KAMA Holdings Limited

Financial

Cosmo First Limited Financial Information (Consolidated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2222.99	113.44	726.63	707.19	789.45
31-Mar-21	2322.92	136	841.19	823.02	760.29
31-Mar-22	3086.71	396.61	1175.43	1157.26	810.05
30-Sep-22	1638.91	166.53	1332.6	1305.34	839.16
Amount in ₹ Crore

KAMA Holdings Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax
31-Mar-21	13280.79	8499.91	1196.62
31-Mar-22	16210.53	12588.24	1888.86
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2022	814.20	657.95	738.71
Oct-2022	899.30	728.05	812.91
Sep-2022	929.90	837.05	880.26

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2022	13997.50	12085.25	13053.04
Oct-2022	13566.90	12353.05	12859.01
Sep-2022	14600.00	12250.05	13113.94

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2022	815.00	658.10	738.94
Oct-2022	895.55	728.80	812.42
Sep-2022	925.00	837.00	880.57

Compare with others

Cosmo First Limited	KAMA Holdings Limited
Hinduja Global Solutions Buyback	Abirami Financial Services Buyback 2023
One 97 Communications Buyback	VLS Finance Buyback
KAMA Holdings Buyback	Welspun Enterprises Buyback
Bajaj Consumer Care Buyback	Hinduja Global Solutions Buyback
Freshtrop Fruits Buyback 2022	One 97 Communications Buyback
Jenburkt Pharmaceuticals Buyback	Bajaj Consumer Care Buyback
Indian Energy Exchange Buyback	Freshtrop Fruits Buyback 2022
Softsol India Buyback 2022	Cosmo First Buyback
Tips Industries Buyback 2022	Jenburkt Pharmaceuticals Buyback
eClerx Services Buyback 2022	Indian Energy Exchange Buyback

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