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Kaveri Seed Buyback vs Welspun India Buyback

Comparision between Kaveri Seed Buyback and Welspun India Buyback.

Buyback Details

Kaveri Seed Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Welspun India Buyback is a Tender Offer proposed to list at BSE, NSE.

  Kaveri Seed Company Limited Welspun India Limited
Logo Kaveri Seed Buyback Logo Welspun India Buyback Logo
Type of Buyback Open Market Through Stock Exchange Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹2 per share ₹1 per share
Buyback Price ₹850 per share ₹120 per share
Issue Size 1,66,66,666 shares
Issue Size (Amount) ₹120.00 Crores ₹200.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 43 Equity Shares out of every 469 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 1 Equity Shares out of every 69 fully paid-up Equity Shares held on the Record Date.
Registrar Bigshare Services Pvt Ltd Link Intime India Private Ltd
Lead Managers Bajaj Capital Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
Necessity of the buyback

The Buyback aims to :
i) Help the company return surplus cash to its shareholders holding Equity.
ii) Improve return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders’ value.
iii) Give an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu 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.

The Buyback aims to :
i) Return surplus cash to the shareholders and enhance overall return to the shareholders.
ii) Improve Return on Equity, Earnings per share, enhance return on invested capital, and thereby enhance shareholder value in the long term.

Buyback Timetable

Kaveri Seed Buyback and Welspun India Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Kaveri Seed Buyback Buyback record date is . Welspun India Buyback Buyback record date is May 26, 2021.

  Kaveri Seed Company Limited Welspun India Limited
Record Date May 26, 2021
Offer Open Date Sep 02, 2021 Jun 22, 2021
Offer Closure Date Mar 01, 2022 Jul 05, 2021
Last date for receipt of tender forms Jul 07, 2021
Finalisation of buyback Jul 13, 2021
Last Date for settlment of bids Jul 14, 2021
Last Date for extinguishment of shares Jul 21, 2021

Financial Details and Other Relevent Information

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

  Kaveri Seed Company Limited Welspun India Limited
Financial
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Crores)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 1,034.99 929.81 811.85
Profit After Tax 305.31 251.26 214.72
Net Worth 1,262.07 981.85 1,012.95
Reserves and Surplus 1,250.00 969.78 1,000.33
Summary of financial Information standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 60,395.66 53,667.09 54,783.04
Profit After Tax 5,266.70 4,748.92 1,417.65
Net Worth 31,433.21 26,117.12 22,942.79
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2021 787.85 680.15 733.67
Jun-2021 747.15 639.00 712.07
May-2021 815.85 592.00 727.75

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Apr-2021 87.90 75.55 80.30
Mar-2021 87.60 67.35 77.50
Feb-2021 74.90 65.70 68.60
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2021 781.90 680.65 736.85
Jun-2021 747.95 675.00 711.16
May-2021 816.65 595.25 732.60

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Apr-2021 87.50 75.55 80.40
Mar-2021 87.60 67.40 77.60
Feb-2021 75.00 65.40 68.60

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