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Neelamalai Agro Buyback vs VRL Logistics Buyback

Comparision between Neelamalai Agro Buyback and VRL Logistics Buyback.

Buyback Details

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

  Neelamalai Agro Industries Limited VRL Logistics Limited
Logo Neelamalai Agro Buyback Logo VRL Logistics Buyback Logo
Type of Buyback Tender Offer Open Market Through Stock Exchange
Listing At BSE BSE, NSE
Face Value ₹10 per share ₹10 per share
Buyback Price ₹1600 per share ₹300 per share
Issue Size 25,350 shares
Issue Size (Amount) ₹4.06 Crores ₹60.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 1 Equity Shares out of every 8 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 1 Equity Shares out of every 8 Equity Shares held on the Record Date.
Registrar Cameo Corporate Services Limited Kfin Technologies Limited
Lead Managers Saffron Capital Advisors Private Limited ICICI Securities Limited
Necessity of the buyback

The Buy-back is being undertaken by the Company to:
i) Improve key financial ratios;
ii) Return part of surplus cash, back to shareholders ;
iii) Improve earnings per share;
iv) Reduce outstanding shares; and
v) Enhance return on invested capital.

The Buyback will help the Company achieve the following objectives:
i) Optimize returns to shareholders;
ii) Enhance overall shareholders’ value; and
iii) Improve return on equity by reduction in the equity base.

Buyback Timetable

Neelamalai Agro Buyback and VRL Logistics Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Neelamalai Agro Buyback Buyback record date is Feb 05, 2021. VRL Logistics Buyback Buyback record date is .

  Neelamalai Agro Industries Limited VRL Logistics Limited
Record Date Feb 05, 2021
Offer Open Date Feb 24, 2021 Feb 17, 2021
Offer Closure Date Mar 09, 2021 Aug 16, 2021
Last date for receipt of tender forms Mar 09, 2021
Finalisation of buyback Mar 18, 2021
Last Date for settlment of bids Mar 19, 2021
Last Date for extinguishment of shares Mar 26, 2021

Financial Details and Other Relevent Information

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

  Neelamalai Agro Industries Limited VRL Logistics Limited
Financial
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs in Million)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 265.30 379.17 308.64
Profit After Tax 171.40 138.92 120.55
Net Worth 1,677.41 1,560.31 1,434.92
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 21,288.56 21,174.68 19,365.50
Profit After Tax 901.14 919.16 925.64
Net Worth 6,168.69 6,459.38 5,932.19
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2020 1487.25 1349.00 1418.13
Nov-2020 1287.70 1009.00 1148.35
Sep-2020 993.15 945.90 969.53

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2021 214.00 165.00 196.03
Dec-2020 214.00 171.80 197.27
Nov-2020 192.60 149.00 166.31
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2021 209.70 179.25 196.00
Dec-2020 214.25 171.75 197.31
Nov-2020 193.05 149.00 166.32

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