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Comparision between Gujarat Narmada Valley Fertilizers Buyback 2023 and Rajoo Engineers Buyback 2023.
Gujarat Narmada Valley Fertilizers Buyback 2023 is a Tender Offer buyback proposed to list at BSE, NSE while Rajoo Engineers Buyback 2023 is a Tender Offer proposed to list at BSE.
Gujarat Narmada Valley Fertilizers & Chemicals Limited | Rajoo Engineers Limited | |||||||||||||||||||
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Type of Buyback | Tender Offer | Tender Offer | ||||||||||||||||||
Listing At | BSE, NSE | BSE | ||||||||||||||||||
Face Value | ₹10 per share | ₹1 per share | ||||||||||||||||||
Buyback Price | ₹770 per share | ₹210 per share | ||||||||||||||||||
Issue Size | 84,78,100 shares | 9,42,300 shares | ||||||||||||||||||
Issue Size (Amount) | ₹652.81 Crores | ₹19.79 Crores | ||||||||||||||||||
Buyback Ratio |
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Registrar | Kfin Technologies Limited | Link Intime India Private Ltd | ||||||||||||||||||
Lead Managers | SBI Capital Markets Limited | GYR Capital Advisors Private Limited | ||||||||||||||||||
Necessity of the buyback | The company is proposing the buyback to return surplus funds to the equity shareholder/beneficial owner of the Equity Shares as on the record date (Eligible shareholder) which are over and above its ordinary capital requirement and in excess of any current investment plans, in an expedient, efficient and cost-effective manner. Additionally, the company strives to increase the Shareholder's value and the buyback would result in the following benefits amongst other things:-
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Buyback is being undertaken, inter-alia, for the following reasons:
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Gujarat Narmada Valley Fertilizers Buyback 2023 and Rajoo Engineers Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Gujarat Narmada Valley Fertilizers Buyback 2023 Buyback record date is Nov 24, 2023. Rajoo Engineers Buyback 2023 Buyback record date is Jan 31, 2024.
Gujarat Narmada Valley Fertilizers & Chemicals Limited | Rajoo Engineers Limited | |
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Record Date | Nov 24, 2023 | Jan 31, 2024 |
Offer Open Date | Dec 01, 2023 | Feb 06, 2024 |
Offer Closure Date | Dec 07, 2023 | Feb 12, 2024 |
Last date for receipt of tender forms | Dec 07, 2023 | Feb 12, 2024 |
Finalisation of buyback | Dec 13, 2023 | Feb 16, 2024 |
Last Date for settlment of bids | Dec 14, 2023 | Feb 20, 2024 |
Last Date for extinguishment of shares | Dec 26, 2023 | Feb 29, 2024 |
Comparison of Gujarat Narmada Valley Fertilizers Buyback 2023 and Rajoo Engineers 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.
Gujarat Narmada Valley Fertilizers & Chemicals Limited | Rajoo Engineers Limited | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Financial | Gujarat Narmada Valley Fertilizers & Chemicals Limited Financial Information (Restated Consolidated)Gujarat Narmada Valley Fertilizers & Chemicals Limited's revenue increased by 19.62% and profit after tax (PAT) dropped by -13.97% between the financial year ending with March 31, 2023 and March 31, 2022.
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Rajoo Engineers Limited Financial Information (Restated)Rajoo Engineers Limited's revenue decreased by -7.09% and profit after tax (PAT) dropped by -32.31% between the financial year ending with March 31, 2023 and March 31, 2022.
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Stock price at BSE | Stock price at BSE (in preceding 3 months)
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Stock price at BSE (in preceding 3 months)
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Stock price at NSE | Stock price at NSE (in preceding 3 months)
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