Jullundur Motor Agency Buyback vs Rane Brake Buyback

Comparision between Jullundur Motor Agency Buyback and Rane Brake Buyback.

Buyback Details

Jullundur Motor Agency Buyback is a Tender Offer buyback proposed to list at NSE while Rane Brake Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

Jullundur Motor Agency (Delhi) Limited

Rane Brake Lining Limited

Logo

Type of Buyback

Tender Offer

Open Market Through Stock Exchange

Listing At

NSE

BSE, NSE

Face Value

₹2 per share

₹10 per share

Buyback Price

₹36 per share

₹825 per share

Issue Size

74,50,000 shares

Issue Size (Amount)

₹26.82 Crores

₹22.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	38 Equity Shares out of every 93 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	386 Equity Shares out of every 945 Equity Shares held on the Record Date.

Registrar

Mas Services Limited

Integrated Registry Management Services Private Limited

Lead Managers

Systematix Corporate Services Limited

Ambit Private Limited

Necessity of the buyback

The Buyback is undertaken by the Company to:
i) Return surplus cash to its equity shareholders that are
over and above its ordinary capital requirements and in excess of any current investment plans.
ii) Improve financial ratios like earnings per share (EPS) and return on equity (ROE) by reducing the equity base of the Company

The Buyback is undertaken by the company to:
(i) Reduce outstanding number of shares and consequently increase EPS assuming same profits are earned.
(ii) Effectively utilize available cash.
(iii) Improve key ratios like Return on Equity Capital.

Buyback Timetable

Jullundur Motor Agency Buyback and Rane Brake Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Jullundur Motor Agency Buyback Buyback record date is Dec 24, 2020. Rane Brake Buyback Buyback record date is .

	Jullundur Motor Agency (Delhi) Limited	Rane Brake Lining Limited
Record Date	Dec 24, 2020
Offer Open Date	Jan 25, 2021	Oct 27, 2020
Offer Closure Date	Feb 08, 2021	Apr 26, 2021
Last date for receipt of tender forms	Feb 10, 2021
Finalisation of buyback	Feb 15, 2021
Last Date for settlment of bids	Feb 16, 2021
Last Date for extinguishment of shares	Feb 23, 2021

Financial Details and Other Relevent Information

Comparison of Jullundur Motor Agency Buyback and Rane Brake Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Jullundur Motor Agency (Delhi) Limited

Rane Brake Lining Limited

Financial

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	3,095.67	3,322.27	3,260.04
Profit After Tax	127.04	134.41	119.90
Net Worth	1,576.10	1,455.59	1,380.40

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (Rs. in Crores)
	31-Mar-20	31-Mar-19	31-Mar-18
Revenue from operations	470.98	513.89	482.29
Profit After Tax	34.34	36.53	35.75
Net-worth	228.82	209.77	188.21

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Sep-2020	624.00	523.00	574.00
Aug-2020	670.00	514.00	574.00
Jul-2020	605.00	514.00	549.00

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2020	33.25	25.70	29.65
Oct-2020	30.50	24.20	27.14
Sep-2020	32.80	24.40	27.79

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Sep-2020	625.00	521.00	574.00
Aug-2020	670.00	512.00	574.00
Jul-2020	605.00	517.00	549.00

Compare with others

Jullundur Motor Agency (Delhi) Limited	Rane Brake Lining Limited
Anup Engineering Buyback	Archidply Industries Buyback
Atul Buyback	Industrial and Prudential Investment Buyback
Freshtrop Fruits Buyback	Jullundur Motor Agency Buyback
Archidply Industries Buyback	Engineers India Buyback
Industrial and Prudential Investment Buyback	IIFL Securities Buyback
Engineers India Buyback	HPCL Buyback
IIFL Securities Buyback	Sreeleathers Buyback
Rane Brake Buyback	Garware Technical Buyback
HPCL Buyback
Sreeleathers Buyback

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