eClerx Services Limited Buyback vs MPS Buyback

Comparision between eClerx Services Limited Buyback and MPS Buyback.

Buyback Details

eClerx Services Limited Buyback is a Tender Offer buyback proposed to list at BSE, NSE while MPS Buyback is a Tender Offer proposed to list at BSE, NSE.

eClerx Services Limited

MPS Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

Buyback Price

₹2850 per share

₹900 per share

Issue Size

10,63,157 shares

9,44,444 shares

Issue Size (Amount)

₹303.00 Crores

₹85.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	13 Equity Shares out of every 74 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	13 Equity Shares out of every 489 fully paid-up Equity Shares held on the Record Date.

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	15 Equity Shares out of every 82 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	2 Equity Shares out of every 43 Equity Shares held on the Record Date.

Registrar

Kfin Technologies Limited

Cameo Corporate Services Limited

Lead Managers

Emkay Global Financial Services Ltd

Ernst & Young Merchant Banking Services Llp

Necessity of the buyback

The Buyback aims to:
i) help the Company to distribute surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
iii) in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the Company.

The Buyback aims to:
i) Distribute surplus funds to shareholders and thereby enhance their overall return.
ii) Improve financial ratios like earnings per share, return on capital employed, and return on equity, by reducing the equity base of the Company.

Buyback Timetable

eClerx Services Limited Buyback and MPS Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. eClerx Services Limited Buyback Buyback record date is Sep 30, 2021. MPS Buyback Buyback record date is Dec 17, 2021.

	eClerx Services Limited	MPS Limited
Record Date	Sep 30, 2021	Dec 17, 2021
Offer Open Date	Oct 18, 2021	Jan 14, 2022
Offer Closure Date	Nov 01, 2021	Jan 28, 2022
Last date for receipt of tender forms	Nov 01, 2021	Jan 31, 2022
Finalisation of buyback	Nov 08, 2021	Feb 08, 2022
Last Date for settlment of bids	Nov 09, 2021	Feb 08, 2022
Last Date for extinguishment of shares	Nov 12, 2021	Feb 15, 2022

Financial Details and Other Relevent Information

Comparison of eClerx Services Limited Buyback and MPS 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

MPS 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	12,367.85	11,741.68	11,956.43
Profit After Tax	2,389.04	1,235.71	2,096.13
Net Worth	12,536.81	11,113.07	13,052.03

Summary of financial Information Consolidated)
Particulars	For the year/period ended (Rs. in Millions)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	4,324.2	3,516.3	3,878.0
Profit After Tax	585.6	598.6	760.4
Net Worth	3,747.5	3,583.8	4,695.0

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Aug-2021	2395.05	1977.35	2214.97
Jul-2021	2314.00	1950.00	2146.70
Jun-2021	1915.30	1231.50	1592.23

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2021	746.30	674.45	709.27
Oct-2021	745.00	658.30	691.44
Sep-2021	734.00	657.50	695.77

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Aug-2021	2392.80	1951.05	2212.54
Jul-2021	2279.80	1955.00	2147.26
Jun-2021	1938.55	1231.05	1594.74

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2021	779.00	675.35	709.71
Oct-2021	746.60	636.05	691.20
Sep-2021	730.00	662.00	696.11

Compare with others

eClerx Services Limited	MPS Limited
MPS Buyback	Great Eastern Shipping Buyback
AksharChem India Buyback	Ajanta Pharma Buyback
S H Kelkar Buyback	Cheviot Company Buyback
Nucleus Software Buyback	Weizmann Buyback
Goldiam International Buyback	MOIL Buyback
Rishiroop Limited Buyback	AksharChem India Buyback
Mahalaxmi Rubtech Buyback	S H Kelkar Buyback
Star Cement Buyback	Nucleus Software Buyback
Gandhi Special Tubes Limited Buyback	Goldiam International Buyback
Shriram Pistons & Rings Buyback	eClerx Services Limited Buyback

Comments

Add a public comment...