Natco Pharma Buyback 2023 vs VRL Logistics Buyback 2023

Comparision between Natco Pharma Buyback 2023 and VRL Logistics Buyback 2023.

Buyback Details

Natco Pharma Buyback 2023 is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while VRL Logistics Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.

Natco Pharma Limited

VRL Logistics Limited

Logo

Type of Buyback

Open Market Through Stock Exchange

Tender Offer

Listing At

BSE, NSE

Face Value

₹2 per share

₹10 per share

Buyback Price

₹700 per share

Issue Size

8,75,000 shares

Issue Size (Amount)

₹210.00 Crores

₹61.25 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	1 Equity Shares out of every 26 Fully paid-up Equity Shares held on the Record Date.	131,250.00
General Category for all other Eligible Shareholders	1 Equity Shares out of every 114 Fully paid-up Equity Shares held on the Record Date.	743,750.00

Registrar

Venture Capital And Corporate Investments Pvt Ltd

Kfin Technologies Limited

Lead Managers

Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)

Motilal Oswal Investment Advisors Limited

Necessity of the buyback

The Buyback is being undertaken for the following reasons:

The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares
The Buyback may help in improving return on equity, by the reduction in the equity base.
The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer.

The Buyback offers the following advantages:

a) The Buyback 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 shareholders.

b) The Buyback may help in improving its return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders' value.

Buyback Timetable

Natco Pharma Buyback 2023 and VRL Logistics Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Natco Pharma Buyback 2023 Buyback record date is . VRL Logistics Buyback 2023 Buyback record date is Feb 10, 2023.

	Natco Pharma Limited	VRL Logistics Limited
Record Date		Feb 10, 2023
Offer Open Date	Mar 21, 2023	Mar 13, 2023
Offer Closure Date	May 12, 2023	Mar 27, 2023
Last date for receipt of tender forms		Mar 27, 2023
Finalisation of buyback		Apr 06, 2023
Last Date for settlment of bids		Apr 10, 2023
Last Date for extinguishment of shares		Apr 17, 2023

Financial Details and Other Relevent Information

Comparison of Natco Pharma Buyback 2023 and VRL Logistics Buyback 2023 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Natco Pharma Limited

VRL Logistics Limited

Financial

Natco Pharma Limited Financial Information (Restated Consolidated)
Period Ended	Total Revenue	Profit After Tax	Net Worth
31-Mar-20	2,022.40	458.10	3,773.50
31-Mar-21	2,155.70	442.40	4,121.60
31-Mar-22	2,043.80	170.00	4,263.60
31-Dec-22	1,884.80	439.50	4,628.20
Amount in ₹ Crore

VRL Logistics Limited Financial Information (Consolidated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	2128.86	90.11	616.87	189.3
31-Mar-21	1775.79	45.07	597.14	119.57
31-Mar-22	2410.47	160.11	651.63	143.48
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Feb-2023	554.95	502.00	535.04
Jan-2023	570.40	526.00	545.28
Dec-2022	599.00	548.00	565.78

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jan-2023	574.80	506.50	546.05
Dec-2022	589.45	512.75	554.43
Nov-2022	618.65	509.05	564.86

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Feb-2023	555.00	502.00	534.88
Jan-2023	570.00	526.10	545.36
Dec-2022	600.00	547.50	565.78

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jan-2023	575.00	507.70	546.30
Dec-2022	589.00	512.40	554.60
Nov-2022	618.95	509.55	564.90

Compare with others

Natco Pharma Limited	VRL Logistics Limited
Wipro Buyback 2023	Godawari Power and Ispat Buyback 2023
Ashiana Housing Buyback 2023	Ajanta Pharma Buyback 2023
Emami Limited Buyback 2023	Natco Pharma Buyback 2023
Godawari Power and Ispat Buyback 2023	Symphony Buyback
Ajanta Pharma Buyback 2023	TeamLease Services Buyback
Symphony Buyback	Sportking India Buyback 2023
TeamLease Services Buyback	KDDL Buyback 2023
VRL Logistics Buyback 2023	Abirami Financial Services Buyback 2023
Sportking India Buyback 2023	VLS Finance Buyback
KDDL Buyback 2023	Welspun Enterprises Buyback

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