Ajanta Pharma Buyback vs MPS Buyback

Comparision between Ajanta Pharma Buyback and MPS Buyback.

Buyback Details

Ajanta Pharma Buyback is a Tender Offer buyback proposed to list at BSE, NSE while MPS Buyback is a Tender Offer proposed to list at BSE, NSE.

Ajanta Pharma Limited

MPS Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹2 per share

₹10 per share

Buyback Price

₹2550 per share

₹900 per share

Issue Size

11,20,000 shares

9,44,444 shares

Issue Size (Amount)

₹285.60 Crores

₹85.00 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.

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	15 Equity Shares out of every 82 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	2 Equity Shares out of every 43 Equity Shares held on the Record Date.

Registrar

Link Intime India Private Ltd

Cameo Corporate Services Limited

Lead Managers

Vivro Financial Services Private Limited

Ernst & Young Merchant Banking Services Llp

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) Distribute surplus funds to shareholders and thereby enhance their overall return.
ii) Improve financial ratios like earnings per share, return on capital employed, and return on equity, by reducing the equity base of the Company.

Buyback Timetable

Ajanta Pharma Buyback and MPS 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. MPS Buyback Buyback record date is Dec 17, 2021.

	Ajanta Pharma Limited	MPS Limited
Record Date	Jan 14, 2022	Dec 17, 2021
Offer Open Date	Feb 03, 2022	Jan 14, 2022
Offer Closure Date	Feb 16, 2022	Jan 28, 2022
Last date for receipt of tender forms	Feb 16, 2022	Jan 31, 2022
Finalisation of buyback	Feb 24, 2022	Feb 08, 2022
Last Date for settlment of bids	Feb 25, 2022	Feb 08, 2022
Last Date for extinguishment of shares	Mar 04, 2022	Feb 15, 2022

Financial Details and Other Relevent Information

Comparison of Ajanta Pharma Buyback and MPS 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

MPS 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 Consolidated)
Particulars	For the year/period ended (Rs. in Millions)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	4,324.2	3,516.3	3,878.0
Profit After Tax	585.6	598.6	760.4
Net Worth	3,747.5	3,583.8	4,695.0

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	746.30	674.45	709.27
Oct-2021	745.00	658.30	691.44
Sep-2021	734.00	657.50	695.77

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	779.00	675.35	709.71
Oct-2021	746.60	636.05	691.20
Sep-2021	730.00	662.00	696.11

Compare with others

Ajanta Pharma Limited	MPS Limited
Mayur Uniquoters Buyback	Great Eastern Shipping Buyback
Emami Ltd Buyback	Ajanta Pharma Buyback
TCS Buyback	Cheviot Company Buyback
James Warren Tea Buyback	Weizmann Buyback
Great Eastern Shipping Buyback	MOIL Buyback
Cheviot Company Buyback	AksharChem India Buyback
Weizmann Buyback	S H Kelkar Buyback
MOIL Buyback	Nucleus Software Buyback
MPS Buyback	Goldiam International Buyback
AksharChem India Buyback	eClerx Services Limited Buyback

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