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Ajanta Pharma Buyback vs MPS Buyback

Comparison 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 Ltd.MPS Ltd.
LogoAjanta Pharma Buyback LogoMPS Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹2 per share₹10 per share
Buyback Price₹2550 per share₹900 per share
Issue Size11,20,000 shares9,44,444 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.
RegistrarMUFG Intime India Pvt.Ltd.Cameo Corporate Services Ltd.
Lead ManagersVivro Financial Services Pvt.Ltd.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 Ltd.MPS Ltd.
Record DateJan 14, 2022Dec 17, 2021
Offer Open DateFeb 03, 2022Jan 14, 2022
Offer Closure DateFeb 16, 2022Jan 28, 2022
Last date for receipt of tender formsFeb 16, 2022Jan 31, 2022
Finalisation of buybackFeb 24, 2022Feb 08, 2022
Last Date for settlment of bidsFeb 25, 2022Feb 08, 2022
Last Date for extinguishment of sharesMar 04, 2022Feb 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 Ltd.MPS 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 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

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Compare:

Ajanta Pharma Buyback and MPS Buyback