eClerx Services Limited Buyback vs S H Kelkar Buyback

Comparision between eClerx Services Limited Buyback and S H Kelkar Buyback.

Buyback Details

eClerx Services Limited Buyback is a Tender Offer buyback proposed to list at BSE, NSE while S H Kelkar Buyback is a Tender Offer proposed to list at BSE, NSE.

eClerx Services Limited

S H Kelkar and Company Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

Buyback Price

₹2850 per share

₹210 per share

Issue Size

10,63,157 shares

29,00,000 shares

Issue Size (Amount)

₹303.00 Crores

₹60.90 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	13 Equity Shares out of every 74 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	13 Equity Shares out of every 489 fully paid-up Equity Shares held on the Record Date.

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	1 Equity Shares out of every 17 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	2 Equity Shares out of every 109 fully paid-up Equity Shares held on the Record Date.

Registrar

Kfin Technologies Limited

Link Intime India Private Ltd

Lead Managers

Emkay Global Financial Services Ltd

Keynote Financial Services Ltd

Necessity of the buyback

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.

The Buyback aims to :
i) Reward the shareholders.
ii) Optimize the capital structure

Buyback Timetable

eClerx Services Limited Buyback and S H Kelkar Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. eClerx Services Limited Buyback Buyback record date is Sep 30, 2021. S H Kelkar Buyback Buyback record date is Nov 12, 2021.

	eClerx Services Limited	S H Kelkar and Company Limited
Record Date	Sep 30, 2021	Nov 12, 2021
Offer Open Date	Oct 18, 2021	Dec 15, 2021
Offer Closure Date	Nov 01, 2021	Dec 28, 2021
Last date for receipt of tender forms	Nov 01, 2021	Dec 28, 2021
Finalisation of buyback	Nov 08, 2021	Jan 05, 2022
Last Date for settlment of bids	Nov 09, 2021	Jan 06, 2022
Last Date for extinguishment of shares	Nov 12, 2021	Jan 13, 2022

Financial Details and Other Relevent Information

Comparison of eClerx Services Limited Buyback and S H Kelkar Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

eClerx Services Limited

S H Kelkar and Company Limited

Financial

Summary of financial Information standalone)
Particulars	For the year/period ended (Rs. in Millions)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	12,367.85	11,741.68	11,956.43
Profit After Tax	2,389.04	1,235.71	2,096.13
Net Worth	12,536.81	11,113.07	13,052.03

Summary of financial Information (standalone)
Particulars	For the year/period ended (Rs. in Millions)
	30-Sep-21 (Unaudited)	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	3,724.90	7,954.40	7,290.00	7,129.20
Profit After Tax	155.90	797.10	319.20	449.70
Net Worth	6,403.70	6,349.70	5,687.30	5,965.50
Reserves and Surplus	4,990.50	4,936.50	4,274.10	4,519.30

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Aug-2021	2395.05	1977.35	2214.97
Jul-2021	2314.00	1950.00	2146.70
Jun-2021	1915.30	1231.50	1592.23

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Oct-2021	167.90	142.20	155.30
Sep-2021	175.10	145.20	162.20
Aug-2021	182.00	134.85	155.11

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Aug-2021	2392.80	1951.05	2212.54
Jul-2021	2279.80	1955.00	2147.26
Jun-2021	1938.55	1231.05	1594.74

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Oct-2021	166.40	142.00	155.28
Sep-2021	175.50	148.25	162.27
Aug-2021	182.20	135.00	155.10

Compare with others

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

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