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Dhanuka Agritech Buyback vs SP Apparels Buyback

Comparision between Dhanuka Agritech Buyback and SP Apparels Buyback.

Buyback Details

Dhanuka Agritech Buyback is a Tender Offer buyback proposed to list at BSE, NSE while SP Apparels Buyback is a Tender Offer proposed to list at BSE, NSE.

  Dhanuka Agritech Limited S.P. Apparels Ltd
Logo Dhanuka Agritech Buyback Logo SP Apparels Buyback Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹2 per share ₹10 per share
Buyback Price ₹850 per share ₹585 per share
Issue Size 10,00,000 shares 6,00,000 shares
Issue Size (Amount) ₹85.00 Crores ₹35.10 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 4 Equity Share out of every 33 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 3 Equity Shares out of every 160 Fully paid-up Equity Shares held on the Record Date.
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 2 Equity Share out of every 27 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 1 Equity Shares out of every 48 Fully paid-up Equity Shares held on the Record Date.
Registrar Bigshare Services Pvt Ltd Link Intime India Private Ltd
Lead Managers Sundae Capital Advisors Motilal Oswal Investment Advisors Limited
Necessity of the buyback

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 in improving return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders' value.

The Buyback is being undertaken for the following reasons:

  • The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares thereby, enhancing the overall return to shareholders.
  • The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by a reduction in the equity base of the Company, thereby leading to a long term increase in shareholders' value.
  • Buyback Timetable

    Dhanuka Agritech Buyback and SP Apparels Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Dhanuka Agritech Buyback Buyback record date is Nov 18, 2022. SP Apparels Buyback Buyback record date is Oct 07, 2022.

      Dhanuka Agritech Limited S.P. Apparels Ltd
    Record Date Nov 18, 2022 Oct 07, 2022
    Offer Open Date Dec 26, 2022 Nov 03, 2022
    Offer Closure Date Jan 06, 2023 Nov 17, 2022
    Last date for receipt of tender forms Jan 09, 2023 Nov 17, 2022
    Finalisation of buyback Jan 16, 2023 Nov 25, 2022
    Last Date for settlment of bids Jan 17, 2023 Nov 28, 2022
    Last Date for extinguishment of shares Jan 24, 2023 Dec 05, 2022

    Financial Details and Other Relevent Information

    Comparison of Dhanuka Agritech Buyback and SP Apparels Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

      Dhanuka Agritech Limited S.P. Apparels Ltd
    Financial
    Dhanuka Agritech Limited Financial Information (Restated)
    Period EndedTotal RevenueProfit After TaxNet WorthReserves and Surplus
    31-Mar-201145.16141.35707.58698.07
    31-Mar-211421.17210.56796.19786.87
    31-Mar-221511.36208.89960.42951.1
    Amount in ₹ Crore
    S.P. Apparels Ltd Financial Information (Restated)
    Period EndedTotal RevenueProfit After TaxNet WorthTotal Borrowing
    31-Mar-20832.6746.92523.22226.25
    31-Mar-21653.6943.17558.38194.15
    31-Mar-22868.9284.69637.77231.31
    Amount in ₹ Crore
    Stock price at BSE

    Stock price at BSE (in preceding 3 months)

    Month High Price Low Price Average Price
    Oct-2022 748.00 645.55 703.00
    Sep-2022 748.90 630.65 708.70
    Aug-2022 725.95 680.80 700.89

    Stock price at BSE (in preceding 3 months)

    Month High Price Low Price Average Price
    Aug-2022 463.50 376.10 428.72
    Jul-2022 414.00 359.40 377.24
    Jun-2022 397.50 326.00 359.89
    Stock price at NSE

    Stock price at NSE (in preceding 3 months)

    Month High Price Low Price Average Price
    Oct-2022 742.00 645.60 705.47
    Sep-2022 750.00 631.20 704.47
    Aug-2022 726.00 680.00 703.80

    Stock price at NSE (in preceding 3 months)

    Month High Price Low Price Average Price
    Aug-2022 463.75 375.30 428.64
    Jul-2022 414.90 360.00 377.40
    Jun-2022 398.00 326.05 359.84

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