Kaveri Seed Buyback vs Mahalaxmi Rubtech Buyback

Comparision between Kaveri Seed Buyback and Mahalaxmi Rubtech Buyback.

Buyback Details

Kaveri Seed Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Mahalaxmi Rubtech Buyback is a Tender Offer proposed to list at BSE.

Kaveri Seed Company Limited

Mahalaxmi Rubtech Limited

Logo

Type of Buyback

Open Market Through Stock Exchange

Tender Offer

Listing At

BSE, NSE

BSE

Face Value

₹2 per share

₹10 per share

Buyback Price

₹850 per share

₹70 per share

Issue Size

27,00,000 shares

Issue Size (Amount)

₹120.00 Crores

₹18.90 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	25 Equity shares out of every 73 fully paid up Equity shares held on the Record date.
General Category for all other Eligible Shareholders	14 Equity shares out of every 71 fully paid up Equity shares held on the Record date.

Registrar

Bigshare Services Pvt Ltd

Cameo Corporate Services Limited

Lead Managers

Bajaj Capital Limited

Saffron Capital Advisors Private Limited

Necessity of the buyback

The Buyback aims to :
i) Help the company return surplus cash to its shareholders holding Equity.
ii) Improve return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders’ value.
iii) Give 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 aims to :
ii) Give an option to shareholders to get cash in lieu of Equity Shares to be accepted under the Buyback or choose not to participate and enjoy a resultant increase in their percentage shareholding without additional investment.
iii) The Buyback will help in improving certain key financial ratios of the Company.

Buyback Timetable

Kaveri Seed Buyback and Mahalaxmi Rubtech Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Kaveri Seed Buyback Buyback record date is . Mahalaxmi Rubtech Buyback Buyback record date is Aug 27, 2021.

	Kaveri Seed Company Limited	Mahalaxmi Rubtech Limited
Record Date		Aug 27, 2021
Offer Open Date	Sep 02, 2021	Sep 29, 2021
Offer Closure Date	Mar 01, 2022	Oct 12, 2021
Last date for receipt of tender forms		Oct 15, 2021
Finalisation of buyback		Oct 22, 2021
Last Date for settlment of bids		Oct 25, 2021
Last Date for extinguishment of shares		Nov 01, 2021

Financial Details and Other Relevent Information

Comparison of Kaveri Seed Buyback and Mahalaxmi Rubtech Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Kaveri Seed Company Limited

Mahalaxmi Rubtech Limited

Financial

Summary of financial Information (standalone)
Particulars	For the year/period ended (Rs. in Crores)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	1,034.99	929.81	811.85
Profit After Tax	305.31	251.26	214.72
Net Worth	1,262.07	981.85	1,012.95
Reserves and Surplus	1,250.00	969.78	1,000.33

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	1,393.76	1,811.11	1,866.50
Profit After Tax	61.00	48.16	49.31
Net Worth	940.32	880.91	830.48
Reserves and Surplus	807.12	747.71	697.28

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2021	787.85	680.15	733.67
Jun-2021	747.15	639.00	712.07
May-2021	815.85	592.00	727.75

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2021	68.75	47.90	58.33
Jun-2021	51.35	48.25	49.80
May-2021	51.10	37.60	44.35

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2021	781.90	680.65	736.85
Jun-2021	747.95	675.00	711.16
May-2021	816.65	595.25	732.60

Compare with others

Kaveri Seed Company Limited	Mahalaxmi Rubtech Limited
Mahalaxmi Rubtech Buyback	S H Kelkar Buyback
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Gandhi Special Tubes Limited Buyback	Goldiam International Buyback
Shriram Pistons & Rings Buyback	eClerx Services Limited Buyback
Rsystems Buyback	Rishiroop Limited Buyback
Balrampur Chini Mills Buyback	Star Cement Buyback
Tanla Platforms Buyback	Gandhi Special Tubes Limited Buyback
Infosys Buyback	Shriram Pistons & Rings Buyback
Welspun India Buyback	Rsystems Buyback
Navneet Education Buyback	Kaveri Seed Buyback

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