Ajanta Pharma Buyback vs Great Eastern Shipping Buyback

Comparison between Ajanta Pharma Buyback and Great Eastern Shipping Buyback.

Buyback Details

Ajanta Pharma Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Great Eastern Shipping Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

 Ajanta Pharma Ltd.The Great Eastern Shipping Company Ltd.
LogoAjanta Pharma Buyback LogoGreat Eastern Shipping Buyback Logo
Type of BuybackTender OfferOpen Market Through Stock Exchange
Listing AtBSE, NSEBSE, NSE
Face Value₹2 per share₹10 per share
Buyback Price₹2550 per share₹333 per share
Issue Size11,20,000 shares
Issue Size (Amount)₹285.60 Crores₹225.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 30 Equity Shares out of every 151 shares held on the record date.
General Category for all other Eligible Shareholders 1 Equity Shares out of every 91 shares held on the record date.
RegistrarMUFG Intime India Pvt.Ltd.Kfin Technologies Ltd.
Lead ManagersVivro Financial Services Pvt.Ltd.Kotak Mahindra Capital Co.Ltd.
Necessity of the buyback

The Buyback aims to :
i) Distribute surplus funds to shareholders and thereby enhance their overall return.
ii) Improve financial ratios like Earnings per share (EPS), Return on assets (ROA) and Return on Equity (ROE).

The Buyback aims to :
i) Reduce outstanding number of equity shares and consequently increase earnings per share and book value per share.
ii) Effectively utilize available cash; and
iii) Improve key return ratios like return on equity capital.

Buyback Timetable

Ajanta Pharma Buyback and Great Eastern Shipping Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Ajanta Pharma Buyback Buyback record date is Jan 14, 2022. Great Eastern Shipping Buyback Buyback record date is .

 Ajanta Pharma Ltd.The Great Eastern Shipping Company Ltd.
Record DateJan 14, 2022
Offer Open DateFeb 03, 2022Jan 07, 2022
Offer Closure DateFeb 16, 2022Jul 06, 2022
Last date for receipt of tender formsFeb 16, 2022
Finalisation of buybackFeb 24, 2022
Last Date for settlment of bidsFeb 25, 2022
Last Date for extinguishment of sharesMar 04, 2022

Financial Details and Other Relevent Information

Comparison of Ajanta Pharma Buyback and Great Eastern Shipping Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Ajanta Pharma Ltd.The Great Eastern Shipping Company Ltd.
Financial
Summary of financial Information Consolidated)
Particulars For the year/period ended (Rs. in Crores)
  30-Sep-21 31-Mar-21 31-Mar-20
Total Income 1,694.96 2,915.67 2,680.06
Profit After Tax 369.69 653.87 467.70
Net Worth 3,358.90 2,995.63 2,598.87
Reserves and Surplus 3,341.51 2,978.24 2,581.33
Summary of financial Information (Standalone)
Particulars For the year/period ended (Rs. in Millions)
  30-Sep-21 31-March-21 31-March-20 31-March-19
Total Income 14,670 28,930 30,910 28,150
Profit After Tax 3,730 10,300 2,810 -190
Net Worth 63,560 60,980 50,670 50,660
Reserves & Surplus 62,090 59,510 49,200 49,150
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 2239.10 2015.80 2136.74
Oct-2021 2366.30 2053.65 2213.24
Sep-2021 2340.00 2112.70 2199.31

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 351.80 291.25 325.81
Oct-2021 382.00 311.05 346.46
Sep-2021 379.00 348.75 362.27
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 2239.10 2000.00 2137.44
Oct-2021 2365.80 2053.65 2213.37
Sep-2021 2330.00 2110.00 2201.05

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 352.10 291.30 325.70
Oct-2021 382.25 310.80 346.45
Sep-2021 379.20 351.10 362.46

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