AksharChem India Buyback vs Rishiroop Limited Buyback

Comparision between AksharChem India Buyback and Rishiroop Limited Buyback.

Buyback Details

AksharChem India Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Rishiroop Limited Buyback is a Tender Offer proposed to list at BSE.

AksharChem (India) Limited

Rishiroop Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

BSE

Face Value

₹10 per share

Buyback Price

₹590 per share

₹125 per share

Issue Size

1,69,491 shares

6,40,000 shares

Issue Size (Amount)

₹10.00 Crores

₹8.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	13 Equity Shares out of every 563 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	17 Equity Shares out of every 838 fully paid-up Equity Shares held on the Record Date.

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	5 Equity Shares out of every 57 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	6 Equity Shares out of every 95 fully paid-up Equity Shares held on the Record Date.

Registrar

Link Intime India Private Ltd

Lead Managers

Vivro Financial Services Private Limited

Inga Ventures Pvt Ltd

Necessity of the buyback

The Buyback aims to :
i) Distribute surplus funds to shareholders and thereby enhance their overall return.
ii) Improve financial ratios like Earnings per share (EPS), Return on assets (ROA) and Return on Equity (ROE).

The Buyback aims to:
i) help the Company to distribute surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
iii) in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the Company.

Buyback Timetable

AksharChem India Buyback and Rishiroop Limited Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. AksharChem India Buyback Buyback record date is Nov 12, 2021. Rishiroop Limited Buyback Buyback record date is Sep 09, 2021.

	AksharChem (India) Limited	Rishiroop Limited
Record Date	Nov 12, 2021	Sep 09, 2021
Offer Open Date	Dec 08, 2021	Oct 05, 2021
Offer Closure Date	Dec 21, 2021	Oct 20, 2021
Last date for receipt of tender forms	Dec 21, 2021	Oct 22, 2021
Finalisation of buyback	Dec 29, 2021	Oct 28, 2021
Last Date for settlment of bids	Dec 30, 2021	Oct 29, 2021
Last Date for extinguishment of shares	Jan 06, 2022	Nov 05, 2021

Financial Details and Other Relevent Information

Comparison of AksharChem India Buyback and Rishiroop Limited Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

AksharChem (India) Limited

Rishiroop Limited

Financial

Summary of financial Information standalone)
Particulars	For the year/period ended (Rs. in Millions)
	30-Sep-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	1,789.62	2,476.11	2,611.97	3,282.32
Profit After Tax	79.97	125.00	157.22	225.89
Reserves & Surplus	2,756.18	2,705.19	2,571.09	2,489.99
Net Worth	2,883.21	2,787.22	2,653.12	2,572.02

Summary of financial Information (standalone)
Particulars	For the year/period ended (Rs. in Millions)
	31-March-21	31-March-20	31-March-19
Total Income	660.70	413.18	629.91
Profit After Tax	299.99	(28.41)	73.01
Net Worth	827.49	574.99	629.09

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Oct-2021	613.50	406.25	509.17
Sep-2021	469.00	399.25	425.43
Aug-2021	490.00	386.10	435.56

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2021	100.50	92.10	95.32
Jun-2021	113.00	92.00	101.58
May-2021	120.10	86.50	99.54

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Oct-2021	613.70	404.30	508.70
Sep-2021	468.00	399.10	425.24
Aug-2021	490.00	385.00	436.17

Compare with others

AksharChem (India) Limited	Rishiroop Limited
Ajanta Pharma Buyback	AksharChem India Buyback
Cheviot Company Buyback	S H Kelkar Buyback
Weizmann Buyback	Nucleus Software Buyback
MOIL Buyback	Goldiam International Buyback
MPS Buyback	eClerx Services Limited Buyback
S H Kelkar Buyback	Mahalaxmi Rubtech Buyback
Nucleus Software Buyback	Star Cement Buyback
Goldiam International Buyback	Gandhi Special Tubes Limited Buyback
eClerx Services Limited Buyback	Shriram Pistons & Rings Buyback
Rishiroop Limited Buyback	Rsystems Buyback

Comments

Add a public comment...