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Balrampur Chini Buyback 2022 vs Softsol India Buyback 2022

Comparision between Balrampur Chini Buyback 2022 and Softsol India Buyback 2022.

Buyback Details

Balrampur Chini Buyback 2022 is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Softsol India Buyback 2022 is a Tender Offer proposed to list at BSE.

  Balrampur Chini Mills Limited Softsol India Limited
Logo Balrampur Chini Buyback 2022 Logo Softsol India Buyback 2022 Logo
Type of Buyback Open Market Through Stock Exchange Tender Offer
Listing At BSE, NSE BSE
Face Value ₹1 per share ₹10 per share
Buyback Price ₹360 per share ₹170 per share
Issue Size 20,58,824 shares
Issue Size (Amount) ₹145.45 Crores ₹35.00 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders9 Equity Shares out of every 11 Fully paid-up Equity Shares held on the Record Date.308,824.00
General Category for all other Eligible Shareholders5 Equity Shares out of every 47 Fully paid-up Equity Shares held on the Record Date.1,750,000.00
Registrar Kfin Technologies Limited Kfin Technologies Limited
Lead Managers Axis Capital Limited Akasam Consulting Private Limited
Necessity of the buyback

The buyback is being undertaken for the following reason:

1.To optimize returns to shareholders.

2. To enhance overall shareholder value.

3. To optimize capital structure.

The Buyback is being undertaken for the following reasons:

  1. The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
  2. The Buyback may help improve return on equity by reducing the equity base, thereby leading to a long-term increase in shareholders' value.

Buyback Timetable

Balrampur Chini Buyback 2022 and Softsol India Buyback 2022 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Balrampur Chini Buyback 2022 Buyback record date is . Softsol India Buyback 2022 Buyback record date is Jan 13, 2023.

  Balrampur Chini Mills Limited Softsol India Limited
Record Date Jan 13, 2023
Offer Open Date Nov 16, 2022 Mar 03, 2023
Offer Closure Date May 15, 2023 Mar 17, 2023
Last date for receipt of tender forms Mar 17, 2023
Finalisation of buyback Mar 21, 2023
Last Date for settlment of bids Mar 23, 2023
Last Date for extinguishment of shares Mar 30, 2023

Financial Details and Other Relevent Information

Comparison of Balrampur Chini Buyback 2022 and Softsol India Buyback 2022 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Balrampur Chini Mills Limited Softsol India Limited
Financial
Balrampur Chini Mills Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet Worth
31-Mar-20779.84509.282287.5
31-Mar-214845.11469.772480.44
31-Mar-224893.94514.662673.63
Amount in ₹ Crore
Softsol India Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-2027.737.72140.35123.11
31-Mar-2126.7910.85151.36134.12
31-Mar-2226.764.33162.17144.93
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2022 366.95 306.80 343.47
Jan-2022 385.85 335.45 363.80
Jan-2022 404.15 329.00 352.13

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 399.00 349.95 371.61
Oct-2022 389.60 366.45 378.66
Sep-2022 381.30 341.00 364.85
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2022 367.00 307.30 343.73
Jan-2022 385.90 335.15 363.87
Jan-2022 404.50 329.00 352.13

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 398.70 346.00 371.75
Oct-2022 388.00 367.95 379.02
Sep-2022 382.00 350.80 365.25

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