AksharChem India Buyback vs Cheviot Company Buyback

Comparision between AksharChem India Buyback and Cheviot Company Buyback.

Buyback Details

AksharChem India Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Cheviot Company Buyback is a Tender Offer proposed to list at BSE.

AksharChem (India) Limited

Cheviot Company Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

BSE

Face Value

₹10 per share

Buyback Price

₹590 per share

₹1725 per share

Issue Size

1,69,491 shares

2,50,000 shares

Issue Size (Amount)

₹10.00 Crores

₹43.13 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	13 Equity Shares out of every 563 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	17 Equity Shares out of every 838 fully paid-up Equity Shares held on the Record Date.

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	13 Equity Shares out of every 141 shares held on the record date.
General Category for all other Eligible Shareholders	31 Equity Shares out of every 854 shares held on the record date.

Registrar

Link Intime India Private Ltd

Maheshwari Datamatics Pvt. Ltd

Lead Managers

Vivro Financial Services Private Limited

Vc Corporate Advisors Pvt Ltd (Vcapl)

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).

Buyback Timetable

AksharChem India Buyback and Cheviot Company Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. AksharChem India Buyback Buyback record date is Nov 12, 2021. Cheviot Company Buyback Buyback record date is Dec 17, 2021.

	AksharChem (India) Limited	Cheviot Company Limited
Record Date	Nov 12, 2021	Dec 17, 2021
Offer Open Date	Dec 08, 2021	Jan 10, 2022
Offer Closure Date	Dec 21, 2021	Jan 21, 2022
Last date for receipt of tender forms	Dec 21, 2021	Jan 25, 2022
Finalisation of buyback	Dec 29, 2021	Jan 28, 2022
Last Date for settlment of bids	Dec 30, 2021	Jan 31, 2022
Last Date for extinguishment of shares	Jan 06, 2022	Feb 09, 2022

Financial Details and Other Relevent Information

Comparison of AksharChem India Buyback and Cheviot Company Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

AksharChem (India) Limited

Cheviot Company Limited

Financial

Summary of financial Information standalone)
Particulars	For the year/period ended (Rs. in Millions)
	30-Sep-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	1,789.62	2,476.11	2,611.97	3,282.32
Profit After Tax	79.97	125.00	157.22	225.89
Reserves & Surplus	2,756.18	2,705.19	2,571.09	2,489.99
Net Worth	2,883.21	2,787.22	2,653.12	2,572.02

Summary of financial Information Standalone)
Particulars	For the year/period ended (Rs. in Millions)
	30-Sep-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	2,705.19	4,413.03	4,677.62	4,166.73
Profit After Tax	476.14	757.23	481.21	501.78
Net Worth	4,398.25	5,014.98	4,659.72	4,451.81
Reserves and Surplus	4,335.55	4,952.27	4,595.01	4,387.11

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Oct-2021	613.50	406.25	509.17
Sep-2021	469.00	399.25	425.43
Aug-2021	490.00	386.10	435.56

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2021	1390.00	1131.00	1224.93
Oct-2021	1305.00	1102.00	1223.67
Sep-2021	1369.95	1250.00	1308.24

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Oct-2021	613.70	404.30	508.70
Sep-2021	468.00	399.10	425.24
Aug-2021	490.00	385.00	436.17

Compare with others

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

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