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Comparision between Bajaj Auto Buyback 2024 and SM Auto Stamping Buyback 2023.
Bajaj Auto Buyback 2024 is a Tender Offer buyback proposed to list at BSE, NSE while SM Auto Stamping Buyback 2023 is a Tender Offer proposed to list at BSE.
Bajaj Auto Limited | SM Auto Stamping Limited | |||||||||||||||||||
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Type of Buyback | Tender Offer | Tender Offer | ||||||||||||||||||
Listing At | BSE, NSE | BSE | ||||||||||||||||||
Face Value | ₹10 per share | ₹10 per share | ||||||||||||||||||
Buyback Price | ₹10000 per share | ₹60 per share | ||||||||||||||||||
Issue Size | 40,00,000 shares | 6,00,000 shares | ||||||||||||||||||
Issue Size (Amount) | ₹4,000.00 Crores | ₹3.60 Crores | ||||||||||||||||||
Buyback Ratio |
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Registrar | Kfin Technologies Limited | Bigshare Services Pvt Ltd | ||||||||||||||||||
Lead Managers | Jm Financial Limited | Saffron Capital Advisors Private Limited | ||||||||||||||||||
Necessity of the buyback | The financial strategy of the Company is aimed at driving the sustainable growth of its business and enhancing the returns for its Shareholders. The growth of the business, robust cash generation and strong balance sheet position allows the Company to reward its shareholders from time to time, as in the current instance, while retaining sufficient capital for growth investments, and opportunities. The Buyback reinforces the Company's commitment to its shareholders by returning surplus cash to them in an effective and efficient manner, which in turn will improve its earnings per share and return on equity. |
The Buyback is being undertaken, after taking into account the strategic and operational cash requirements of the company in the medium term and for returning surplus funds to the shareholders in an effective and efficient manner: The buyback is undertaken for the following reasons (i) The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares thereby, enhancing the overall return to shareholders; (ii) The Buyback, which is being implemented through the tender offer route as prescribed under the SEBI Buyback Regulations, would involve the allocation of several Equity Shares as per their entitlement or 15% of the number of Equity Shares to be repurchased 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; (iii) The Buyback may help in improving return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders' value; and (iv) The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash instead 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. |
Bajaj Auto Buyback 2024 and SM Auto Stamping Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Bajaj Auto Buyback 2024 Buyback record date is Feb 29, 2024. SM Auto Stamping Buyback 2023 Buyback record date is Dec 22, 2023.
Bajaj Auto Limited | SM Auto Stamping Limited | |
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Record Date | Feb 29, 2024 | Dec 22, 2023 |
Offer Open Date | Mar 06, 2024 | Dec 29, 2023 |
Offer Closure Date | Mar 13, 2024 | Jan 04, 2024 |
Last date for receipt of tender forms | Mar 13, 2024 | Jan 04, 2024 |
Finalisation of buyback | Mar 19, 2024 | Jan 10, 2024 |
Last Date for settlment of bids | Mar 20, 2024 | Jan 11, 2024 |
Last Date for extinguishment of shares | Mar 26, 2024 | Jan 22, 2024 |
Comparison of Bajaj Auto Buyback 2024 and SM Auto Stamping 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.
Bajaj Auto Limited | SM Auto Stamping Limited | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Financial | Bajaj Auto Limited Financial Information (Restated Consolidated)Bajaj Auto Limited's revenue increased by 9.34% and profit after tax (PAT) dropped by -1.71% between the financial year ending with March 31, 2023 and March 31, 2022.
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SM Auto Stamping Limited Financial Information (Restated Consolidated)SM Auto Stamping Limited's revenue increased by 26.65% and profit after tax (PAT) dropped by -12.5% 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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