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AksharChem India Buyback vs MOIL Buyback

Comparison between AksharChem India Buyback and MOIL Buyback.

Buyback Details

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

 AksharChem (India) Ltd.MOIL Ltd.
LogoAksharChem India Buyback LogoMOIL Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹10 per share₹10 per share
Buyback Price₹590 per share₹205 per share
Issue Size1,69,491 shares3,38,42,668 shares
Issue Size (Amount)₹10.00 Crores₹693.77 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 123 Equity Shares out of every 625 shares held on the record date.
General Category for all other Eligible Shareholders 99 Equity Shares out of every 728 shares held on the record date.
RegistrarMUFG Intime India Pvt.Ltd.Bigshare Services Pvt.Ltd.
Lead ManagersVivro Financial Services Pvt.Ltd.IDBI Capital Markets & Securities 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

AksharChem India Buyback and MOIL 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. MOIL Buyback Buyback record date is Dec 31, 2021.

 AksharChem (India) Ltd.MOIL Ltd.
Record DateNov 12, 2021Dec 31, 2021
Offer Open DateDec 08, 2021Jan 28, 2022
Offer Closure DateDec 21, 2021Feb 10, 2022
Last date for receipt of tender formsDec 21, 2021Feb 12, 2022
Finalisation of buybackDec 29, 2021Feb 18, 2022
Last Date for settlment of bidsDec 30, 2021Feb 21, 2022
Last Date for extinguishment of sharesJan 06, 2022Feb 28, 2022

Financial Details and Other Relevent Information

Comparison of AksharChem India Buyback and MOIL 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) Ltd.MOIL Ltd.
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)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Income 12,798.5 12,191.8 16,314.8
Profit After Tax 1,766.3 2,482.2 4,739.0
Reserves & Surplus 25,825.7 2,5260.6 28,251.0
Net Worth 28,199.0 27,633.9 30,827.1
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 179.80 156.35 170.92
Oct-2021 174.55 154.70 164.37
Sep-2021 181.30 156.25 165.23
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

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 179.80 157.15 170.96
Oct-2021 174.70 154.50 164.36
Sep-2021 181.50 156.15 165.22

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Compare:

AksharChem India Buyback and MOIL Buyback