Asahi Songwon Colors Buyback vs SMC Global Securities Buyback

Comparision between Asahi Songwon Colors Buyback and SMC Global Securities Buyback.

Buyback Details

Asahi Songwon Colors Buyback is a Tender Offer buyback proposed to list at BSE, NSE while SMC Global Securities Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

Asahi Songwon Colors Limited

SMC Global Securities Ltd

Logo

Type of Buyback

Tender Offer

Open Market Through Stock Exchange

Listing At

BSE, NSE

Face Value

₹10 per share

₹2 per share

Buyback Price

₹400 per share

₹115 per share

Issue Size

2,40,000 shares

Issue Size (Amount)

₹9.60 Crores

₹75.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	4 Equity Share out of every 119 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	17 Equity Shares out of every 913 Fully paid-up Equity Shares held on the Record Date.

Registrar

Link Intime India Private Ltd

Lead Managers

Systematix Corporate Services Limited

Corporate Professionals Capital Private Ltd

Necessity of the buyback

The buyback is being undertaken for the following reasons:

1. The Buyback would help in improving its return on equity, by reducing the equity base, thereby leading to a long term increase in shareholders' value.

2. The Buyback will help the company to distribute surplus cash to its shareholders holding Equity shares broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders.

The buyback aims to utilize the net proceeds towards the following objectives:

To improve the return on equity through the distribution of cash.
To improve earnings per share by reducing the equity base, thereby leading to a long-term increase in the value of shareholders.
The Buyback offer is a strategic decision of the company taken based on the assimilation of the operational cash needs in the medium term and for returning surplus funds to the members effectively and efficiently.

Buyback Timetable

Asahi Songwon Colors Buyback and SMC Global Securities Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Asahi Songwon Colors Buyback Buyback record date is Jun 03, 2022. SMC Global Securities Buyback Buyback record date is .

	Asahi Songwon Colors Limited	SMC Global Securities Ltd
Record Date	Jun 03, 2022
Offer Open Date	Jun 22, 2022	May 20, 2022
Offer Closure Date	Jul 05, 2022	Aug 16, 2022
Last date for receipt of tender forms	Jul 05, 2022
Finalisation of buyback	Jul 12, 2022
Last Date for settlment of bids	Jul 13, 2022
Last Date for extinguishment of shares	Jul 20, 2022

Financial Details and Other Relevent Information

Comparison of Asahi Songwon Colors Buyback and SMC Global Securities Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Asahi Songwon Colors Limited

SMC Global Securities Ltd

Financial

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (Rs. in Lakhs)
	31-Mar-22	31-Mar-21	31-Mar-20
Total Income	41,626.44	28,339.04	28,442.40
Profit After Tax	1,465.07	3,194.62	2,282.63
Net Worth	24,237.49	22,722.48	20,945.02
Reserves and Surplus	23,034.76	21,519.75	19,717.79

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (Rs. in Lakhs)
	31-Mar-22	31-Mar-21	31-Mar-20
Total Income	1,12,082.08	90,820.11	78,413.45
Profit After Tax	17,456.85	10,501.53	2,386.17
Net Worth	92,610.38	77,270.90	68,141.91

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
May-2022	346.45	277.05	308.18
Apr-2022	309.35	257.25	276.02
Mar-2022	309.55	226.00	268.69

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Apr-2022	86.80	77.75	82.13
Mar-2022	82.30	69.05	75.71
Feb-2022	89.00	68.55	77.98

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
May-2022	325.00	275.55	295.72
Apr-2022	348.00	278.00	307.95
Mar-2022	309.00	255.00	275.91

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Apr-2022	86.40	73.85	82.48
Mar-2022	82.00	69.80	75.45
Feb-2022	88.65	70.05	79.71

Compare with others

Asahi Songwon Colors Limited	SMC Global Securities Ltd
Avonmore Capital Buyback	Cigniti Technologies Buyback
Birlasoft Limited Buyback	Zydus Lifesciences Buyback
CL Educate Buyback	Asahi Songwon Colors Buyback
Cigniti Technologies Buyback	Motilal Oswal Financial Services Buyback
Zydus Lifesciences Buyback	Matrimony.com Buyback
Motilal Oswal Financial Services Buyback	IndiaMART InterMESH Buyback
Matrimony.com Buyback	Sinclairs Hotels Buyback
SMC Global Securities Buyback	Sarda Energy & Minerals Buyback
IndiaMART InterMESH Buyback	UPL Limited Buyback 2022
Sinclairs Hotels Buyback	GAIL (India) Buyback

Comments

Add a public comment...