Ajanta Pharma Buyback vs Great Eastern Shipping Buyback

Comparision 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 Limited

The Great Eastern Shipping Company Limited

Logo

Type of Buyback

Tender Offer

Open Market Through Stock Exchange

Listing At

BSE, NSE

Face Value

₹2 per share

₹10 per share

Buyback Price

₹2550 per share

₹333 per share

Issue Size

11,20,000 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.

Registrar

Link Intime India Private Ltd

Kfin Technologies Limited

Lead Managers

Vivro Financial Services Private Limited

Kotak Mahindra Capital Company Limited

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 Limited	The Great Eastern Shipping Company Limited
Record Date	Jan 14, 2022
Offer Open Date	Feb 03, 2022	Jan 07, 2022
Offer Closure Date	Feb 16, 2022	Jul 06, 2022
Last date for receipt of tender forms	Feb 16, 2022
Finalisation of buyback	Feb 24, 2022
Last Date for settlment of bids	Feb 25, 2022
Last Date for extinguishment of shares	Mar 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 Limited

The Great Eastern Shipping Company Limited

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

Compare with others

Ajanta Pharma Limited	The Great Eastern Shipping Company Limited
Mayur Uniquoters Buyback	K.P.R Mill Buyback
Emami Ltd Buyback	Mayur Uniquoters Buyback
TCS Buyback	Emami Ltd Buyback
James Warren Tea Buyback	TCS Buyback
Great Eastern Shipping Buyback	James Warren Tea Buyback
Cheviot Company Buyback	Ajanta Pharma Buyback
Weizmann Buyback	Cheviot Company Buyback
MOIL Buyback	Weizmann Buyback
MPS Buyback	MOIL Buyback
AksharChem India Buyback	MPS Buyback

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