Mahalaxmi Rubtech Buyback vs S H Kelkar Buyback

Comparision between Mahalaxmi Rubtech Buyback and S H Kelkar Buyback.

Buyback Details

Mahalaxmi Rubtech Buyback is a Tender Offer buyback proposed to list at BSE while S H Kelkar Buyback is a Tender Offer proposed to list at BSE, NSE.

Mahalaxmi Rubtech Limited

S H Kelkar and Company Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE

BSE, NSE

Face Value

₹10 per share

Buyback Price

₹70 per share

₹210 per share

Issue Size

27,00,000 shares

29,00,000 shares

Issue Size (Amount)

₹18.90 Crores

₹60.90 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.

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	1 Equity Shares out of every 17 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	2 Equity Shares out of every 109 fully paid-up Equity Shares held on the Record Date.

Registrar

Cameo Corporate Services Limited

Link Intime India Private Ltd

Lead Managers

Saffron Capital Advisors Private Limited

Keynote Financial Services Ltd

Necessity of the buyback

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.

The Buyback aims to :
i) Reward the shareholders.
ii) Optimize the capital structure

Buyback Timetable

Mahalaxmi Rubtech Buyback and S H Kelkar Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Mahalaxmi Rubtech Buyback Buyback record date is Aug 27, 2021. S H Kelkar Buyback Buyback record date is Nov 12, 2021.

	Mahalaxmi Rubtech Limited	S H Kelkar and Company Limited
Record Date	Aug 27, 2021	Nov 12, 2021
Offer Open Date	Sep 29, 2021	Dec 15, 2021
Offer Closure Date	Oct 12, 2021	Dec 28, 2021
Last date for receipt of tender forms	Oct 15, 2021	Dec 28, 2021
Finalisation of buyback	Oct 22, 2021	Jan 05, 2022
Last Date for settlment of bids	Oct 25, 2021	Jan 06, 2022
Last Date for extinguishment of shares	Nov 01, 2021	Jan 13, 2022

Financial Details and Other Relevent Information

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

Mahalaxmi Rubtech Limited

S H Kelkar and Company Limited

Financial

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

Summary of financial Information (standalone)
Particulars	For the year/period ended (Rs. in Millions)
	30-Sep-21 (Unaudited)	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	3,724.90	7,954.40	7,290.00	7,129.20
Profit After Tax	155.90	797.10	319.20	449.70
Net Worth	6,403.70	6,349.70	5,687.30	5,965.50
Reserves and Surplus	4,990.50	4,936.50	4,274.10	4,519.30

Stock price at BSE

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 BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Oct-2021	167.90	142.20	155.30
Sep-2021	175.10	145.20	162.20
Aug-2021	182.00	134.85	155.11

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Oct-2021	166.40	142.00	155.28
Sep-2021	175.50	148.25	162.27
Aug-2021	182.20	135.00	155.10

Compare with others

Mahalaxmi Rubtech Limited	S H Kelkar and Company Limited
S H Kelkar Buyback	Cheviot Company Buyback
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eClerx Services Limited Buyback	MPS Buyback
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Star Cement Buyback	Nucleus Software Buyback
Gandhi Special Tubes Limited Buyback	Goldiam International Buyback
Shriram Pistons & Rings Buyback	eClerx Services Limited Buyback
Rsystems Buyback	Rishiroop Limited Buyback
Kaveri Seed Buyback	Mahalaxmi Rubtech Buyback

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