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Aarti Drugs Buyback vs Insecticides India Buyback

Comparision between Aarti Drugs Buyback and Insecticides India Buyback.

Buyback Details

Aarti Drugs Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Insecticides India Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

  Aarti Drugs Limited Insecticides (India) Limited
Logo Aarti Drugs Buyback Logo Insecticides India Buyback Logo
Type of Buyback Tender Offer Open Market Through Stock Exchange
Listing At BSE, NSE BSE, NSE
Face Value ₹10 per share ₹10 per share
Buyback Price ₹1000 per share ₹575 per share
Issue Size 6,00,000 shares
Issue Size (Amount) ₹60.00 Crores ₹60.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 8 Equity Shares out of every 569 paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 5 Equity Shares out of every 851 paid-up Equity Shares held on the Record Date.
Registrar Link Intime India Private Ltd Alankit Assignments Ltd
Lead Managers Inga Ventures Pvt Ltd Jm Financial Limited
Necessity of the buyback

The Buyback aims to :
i) Service the equity more efficiently.
ii) Return surplus cash to the shareholders.
ii) Improve Return on Equity
iii) Improve earnings per share and thus increase the shareholder's value in the long-term.

The Buy-back is being undertaken by the Company to:
i) Return surplus funds to the shareholders;
ii) Improve return on equity; and
iii) Improve earnings per share by reducing the equity base.

Buyback Timetable

Aarti Drugs Buyback and Insecticides India Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Aarti Drugs Buyback Buyback record date is Apr 01, 2021. Insecticides India Buyback Buyback record date is .

  Aarti Drugs Limited Insecticides (India) Limited
Record Date Apr 01, 2021
Offer Open Date Apr 27, 2021 Apr 12, 2021
Offer Closure Date May 10, 2021 Oct 11, 2021
Last date for receipt of tender forms May 12, 2021
Finalisation of buyback May 19, 2021
Last Date for settlment of bids May 20, 2021
Last Date for extinguishment of shares May 27, 2021

Financial Details and Other Relevent Information

Comparison of Aarti Drugs Buyback and Insecticides 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.

  Aarti Drugs Limited Insecticides (India) Limited
Financial
Summary of financial Information (consolidated)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 18,075.71 15,671.17 12,636.18
Profit After Tax 1,413.99 897.52 823.07
Net Worth 6,467.45 5,373.09 4,502.79
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Lakhs)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 136,578.51 119,425.31 110,963.53
Profit After Tax 8,604.06 12,240.67 8,397.36
Net Worth 73,225.47 66,143.27 54,387.14
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2021 694.95 625.00 658.87
Jan-2021 755.50 670.05 710.03
Dec-2021 812.00 645.00 741.25

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Mar-2021 508.00 405.00 457.06
Feb-2021 536.80 440.00 474.25
Jan-2021 522.35 421.50 481.37
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2021 695.00 628.00 658.75
Jan-2021 756.00 670.00 710.11
Dec-2021 811.00 645.65 741.17

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Mar-2021 509.50 405.10 456.75
Feb-2021 537.85 450.15 474.36
Jan-2021 523.00 449.60 481.26

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