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Chambal Fertilisers and Chemicals Buyback 2024 vs Rajoo Engineers Buyback 2023

Comparision between Chambal Fertilisers and Chemicals Buyback 2024 and Rajoo Engineers Buyback 2023.

Buyback Details

Chambal Fertilisers and Chemicals Buyback 2024 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.

  Chambal Fertilisers and Chemicals Limited Rajoo Engineers Limited
Logo Chambal Fertilisers and Chemicals Buyback 2024 Logo Rajoo Engineers Buyback 2023 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE
Face Value ₹10 per share ₹1 per share
Buyback Price ₹450 per share ₹210 per share
Issue Size 1,55,55,555 shares 9,42,300 shares
Issue Size (Amount) ₹700.00 Crores ₹19.79 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders1 Equity Shares out of every 14 Fully paid-up Equity Shares held on the Record Date.2,333,334.00
General Category for all other Eligible Shareholders1 Equity Shares out of every 29 Fully paid-up Equity Shares held on the Record Date.13,222,221.00
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders2 Equity Shares out of every 47 Fully paid-up Equity Shares held on the Record Date.141,345.00
General Category for all other Eligible Shareholders2 Equity Shares out of every 47 Fully paid-up Equity Shares held on the Record Date.800,955.00
Registrar Link Intime India Private Ltd Link Intime India Private Ltd
Lead Managers Axis Capital Limited GYR Capital Advisors Private Limited
Necessity of the buyback

The Buyback is being undertaken for the following reasons:

  1. The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares thereby, enhancing the overall return to shareholders;
  2. The buyback will help the company to improve its capital structure by optimizing debt to equity ratio. It would also help in improving financial ratios such as earnings per share and return on equity.

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

  1. 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;
  2. The Buyback, which is being implemented through the tender offer route as prescribed under the SEBI Buyback Regulations, would involve allocation of a number of shares as per their entitlement or 15% of the number of shares to be bought back whichever is higher, reserved for the small shareholders. The Company believes that this reservation for small shareholders would benefit a large number of public shareholders, who would get classified as "Small Shareholders" as per Regulation 2(i)(n) of the SEBI Buyback Regulations;
  3. The Buyback may help in improving return on equity, by reducing the equity base, thereby leading to a long-term increase in shareholders' value;
  4. 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 to be accepted under the Buyback offer or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer, without additional investment.
  5. Optimizes the capital structure.

Buyback Timetable

Chambal Fertilisers and Chemicals Buyback 2024 and Rajoo Engineers Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Chambal Fertilisers and Chemicals Buyback 2024 Buyback record date is Jan 18, 2024. Rajoo Engineers Buyback 2023 Buyback record date is Jan 31, 2024.

  Chambal Fertilisers and Chemicals Limited Rajoo Engineers Limited
Record Date Jan 18, 2024 Jan 31, 2024
Offer Open Date Jan 24, 2024 Feb 06, 2024
Offer Closure Date Jan 31, 2024 Feb 12, 2024
Last date for receipt of tender forms Jan 31, 2024 Feb 12, 2024
Finalisation of buyback Feb 06, 2024 Feb 16, 2024
Last Date for settlment of bids Feb 07, 2024 Feb 20, 2024
Last Date for extinguishment of shares Feb 16, 2024 Feb 29, 2024

Financial Details and Other Relevent Information

Comparison of Chambal Fertilisers and Chemicals Buyback 2024 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.

  Chambal Fertilisers and Chemicals Limited Rajoo Engineers Limited
Financial

Chambal Fertilisers and Chemicals Limited Financial Information (Restated Consolidated)

Chambal Fertilisers and Chemicals Limited's revenue increased by 73.15% and profit after tax (PAT) dropped by -33.99% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Revenue11,065.5027,940.5716,136.8312,756.36
Profit After Tax719.561,033.791,566.061,747.59
Net Worth7,690.187,052.926,386.095,235.75
Total Borrowing2,281.113,335.274,323.093,918.41
Amount in ₹ Crore

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.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets173.85147.72146.14
Revenue86.89162.58174.99152.83
Profit After Tax7.7510.0214.8010.40
Net Worth107.09101.7593.2778.48
Total Borrowing2.511.520.283.09
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2023 381.60 320.05 350.35
Nov-2023 319.00 285.25 303.97
Oct-2023 295.25 269.95 282.87

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2024 212.00 184.80 198.79
Dec-2023 234.30 173.10 204.38
Nov-2023 169.75 115.35 140.64
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2023 381.45 320.20 350.43
Nov-2023 319.05 285.35 304.01
Oct-2023 295.60 270.00 283.02

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