James Warren Tea Buyback 2023 vs Welspun India Buyback 2023

Comparision between James Warren Tea Buyback 2023 and Welspun India Buyback 2023.

Buyback Details

James Warren Tea Buyback 2023 is a Tender Offer buyback proposed to list at BSE while Welspun India Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.

James Warren Tea Limited

Welspun India Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE

BSE, NSE

Face Value

₹10 per share

₹1 per share

Buyback Price

₹250 per share

₹120 per share

Issue Size

7,00,000 shares

1,62,50,000 shares

Issue Size (Amount)

₹17.50 Crores

₹195.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	7 Equity Shares out of every 44 Fully paid-up Equity Shares held on the Record Date.	115,215.00
General Category for all other Eligible Shareholders	7 Equity Shares out of every 44 Fully paid-up Equity Shares held on the Record Date.	584,785.00

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	5 Equity Shares out of every 81 Fully paid-up Equity Shares held on the Record Date.	2,437,500.00
General Category for all other Eligible Shareholders	1 Equity Shares out of every 69 Fully paid-up Equity Shares held on the Record Date.	13,812,500.00

Registrar

Maheshwari Datamatics Pvt. Ltd

Link Intime India Private Ltd

Lead Managers

Fedex Securities�Pvt Ltd

Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)

Necessity of the buyback

The buyback will help the company achieve the following objectives:

Optimize returns to shareholders,
Enhance overall shareholders' value, and
Optimize the capital structure.

The Buy-back is being undertaken for the following reasons:

The Buy-back will help the Company to return surplus cash to its members, holding equity shares, in proportion to their shareholding.
The Buy-back includes a reservation 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".
The Buy-back may help in improving return on equity, by reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
The Buy-back gives an option to the members holding equity shares of the Company, who can choose to participate and get cash in lieu of equity shares or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buy-back.

Buyback Timetable

James Warren Tea Buyback 2023 and Welspun India Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. James Warren Tea Buyback 2023 Buyback record date is Jul 18, 2023. Welspun India Buyback 2023 Buyback record date is May 10, 2023.

	James Warren Tea Limited	Welspun India Limited
Record Date	Jul 18, 2023	May 10, 2023
Offer Open Date	Jul 24, 2023	May 16, 2023
Offer Closure Date	Jul 28, 2023	May 22, 2023
Last date for receipt of tender forms	Jul 28, 2023	May 22, 2023
Finalisation of buyback	Aug 03, 2023	May 26, 2023
Last Date for settlment of bids	Aug 04, 2023	May 29, 2023
Last Date for extinguishment of shares	Aug 14, 2023	Jun 07, 2023

Financial Details and Other Relevent Information

Comparison of James Warren Tea Buyback 2023 and Welspun India 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.

James Warren Tea Limited

Welspun India Limited

Financial

James Warren Teo Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Reserves and Surplus
31-Mar-18	153.18	121.10	-2.53	94.97
31-Mar-19	167.56	148.98	4.03	98.59
31-Mar-20	138.69	145.79	3.01	79.12
31-Mar-21	145.71	133.98	28.96	86.88
31-Mar-22	130.79	116.44	8.25	67.54
Amount in ₹ Crore

Welspun India Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-19	7,742.28	6,608.44	226.18	2,779.30	2,623.55	1,908.43
31-Mar-20	8,310.28	6,836.18	524.36	2,972.10	2,972.50	1,684.85
31-Mar-21	8,677.78	7,407.95	550.79	3,644.70	3,516.39	1,096.19
31-Mar-22	9,436.85	9,377.31	606.70	3,971.70	3,862.03	1,214.18
31-Mar-23	8,650.00	82,151.00	202.51	40,878.00	3,974.85
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2023	242.80	240.70	241.78
Jun-2023	246.30	239.05	242.89
May-2023	288.85	238.25	267.82

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Mar-2023	70.37	62.20	66.47
Feb-2023	73.00	63.60	68.96
Jan-2023	77.65	65.25	72.25

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Mar-2023	70.40	62.00	66.50
Feb-2023	71.85	63.50	69.00
Jan-2023	77.70	66.25	72.29

Compare with others

James Warren Tea Limited	Welspun India Limited
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Piramal Enterprises Buyback 2023	Goldiam International Buyback 2023
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BSE Buyback July 2023	Ashiana Housing Buyback 2023
Amrutanjan Health Care Buyback 2023	Emami Limited Buyback 2023
Axita Cotton Buyback 2023	Godawari Power and Ispat Buyback 2023
Welspun India Buyback 2023	Ajanta Pharma Buyback 2023

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