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Kaveri Seed Buyback 2022 vs Orbit Exports Buyback

Comparision between Kaveri Seed Buyback 2022 and Orbit Exports Buyback.

Buyback Details

Kaveri Seed Buyback 2022 is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Orbit Exports Buyback is a Tender Offer proposed to list at BSE, NSE.

  Kaveri Seed Company Ltd Orbit Exports Limited
Logo Kaveri Seed Buyback 2022 Logo Orbit Exports Buyback Logo
Type of Buyback Open Market Through Stock Exchange Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹2 per share ₹10 per share
Buyback Price ₹700 per share ₹245 per share
Issue Size 4,08,163 shares
Issue Size (Amount) ₹125.65 Crores ₹10.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 2 Equity Share out of every 47 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 9 Equity Shares out of every 673 Fully paid-up Equity Shares held on the Record Date.
Registrar Bigshare Services Pvt Ltd Link Intime India Private Ltd
Lead Managers Bajaj Capital Limited Keynote Financial Services Ltd
Necessity of the buyback

The buyback is being undertaken for the following reason:

1. The Buy-back is being undertaken by the Company to return surplus funds to the equity shareholders of the Company.

2. The Company believes that the Buy-back will improve return on equity, by reducing in equity base, thereby leading to a long-term increase in the value of shareholders.

The Buyback is being undertaken, inter-alia, for the following reasons:

  • The Buyback will help the company to return surplus cash to its shareholders broadly in proportion to their shareholding thereby enhancing overall return to the shareholders.
  • The Buyback would give an option to the equity shareholders to either participate in the Buyback and receive cash in lieu of Equity Shares accepted under the Buyback or not participate in the Buyback and enjoy a resultant increase in their percentage shareholding in the company post the buyback without additional investment.

Buyback Timetable

Kaveri Seed Buyback 2022 and Orbit Exports Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Kaveri Seed Buyback 2022 Buyback record date is . Orbit Exports Buyback Buyback record date is Nov 18, 2022.

  Kaveri Seed Company Ltd Orbit Exports Limited
Record Date Nov 18, 2022
Offer Open Date Nov 07, 2022 Dec 15, 2022
Offer Closure Date Dec 27, 2022 Dec 28, 2022
Last date for receipt of tender forms Dec 28, 2022
Finalisation of buyback Jan 05, 2023
Last Date for settlment of bids Jan 06, 2023
Last Date for extinguishment of shares Jan 13, 2023

Financial Details and Other Relevent Information

Comparison of Kaveri Seed Buyback 2022 and Orbit Exports 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 Ltd Orbit Exports Limited
Financial
Kaveri Seed Company Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-211961.861082.05311.211294.281282.62
31-Mar-221880.051011.26212.81262.071250.01
Amount in ₹ Crore
Orbit Exports Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20150.2326.26174.09146.716.08
31-Mar-2173.072.38176.86149.4814.37
31-Mar-22131.1717.8194.59167.2139.17
30-Sep-22109.1422.23217.88190.539.4
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Sep-2022 498.00 422.55 456.33
Aug-2022 496.95 454.50 474.15
Jul-2022 514.65 477.50 496.27

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2022 186.75 155.35 164.80
Sep-2022 171.80 146.90 157.90
Aug-2022 158.60 114.65 140.09
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Sep-2022 483.95 422.85 457.71
Aug-2022 497.35 454.55 473.36
Jul-2022 514.95 477.65 495.33

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2022 185.85 155.50 164.79
Sep-2022 172.25 147.75 158.12
Aug-2022 158.40 115.05 140.02

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