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Comparision between Chambal Fertilisers and Chemicals Buyback 2024 and SM Auto Stamping Buyback 2023.
Chambal Fertilisers and Chemicals 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.
Chambal Fertilisers and Chemicals 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 | ₹450 per share | ₹60 per share | ||||||||||||||||||
Issue Size | 1,55,55,555 shares | 6,00,000 shares | ||||||||||||||||||
Issue Size (Amount) | ₹700.00 Crores | ₹3.60 Crores | ||||||||||||||||||
Buyback Ratio |
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Registrar | Link Intime India Private Ltd | Bigshare Services Pvt Ltd | ||||||||||||||||||
Lead Managers | Axis Capital Limited | Saffron Capital Advisors Private Limited | ||||||||||||||||||
Necessity of the buyback | The Buyback is being undertaken for the following reasons:
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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. |
Chambal Fertilisers and Chemicals 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. Chambal Fertilisers and Chemicals Buyback 2024 Buyback record date is Jan 18, 2024. SM Auto Stamping Buyback 2023 Buyback record date is Dec 22, 2023.
Chambal Fertilisers and Chemicals Limited | SM Auto Stamping Limited | |
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Record Date | Jan 18, 2024 | Dec 22, 2023 |
Offer Open Date | Jan 24, 2024 | Dec 29, 2023 |
Offer Closure Date | Jan 31, 2024 | Jan 04, 2024 |
Last date for receipt of tender forms | Jan 31, 2024 | Jan 04, 2024 |
Finalisation of buyback | Feb 06, 2024 | Jan 10, 2024 |
Last Date for settlment of bids | Feb 07, 2024 | Jan 11, 2024 |
Last Date for extinguishment of shares | Feb 16, 2024 | Jan 22, 2024 |
Comparison of Chambal Fertilisers and Chemicals 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.
Chambal Fertilisers and Chemicals Limited | SM Auto Stamping Limited | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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.
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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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