AksharChem India Buyback vs MOIL Buyback

Comparision 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) Limited

MOIL Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

Buyback Price

₹590 per share

₹205 per share

Issue Size

1,69,491 shares

3,38,42,668 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.

Registrar

Link Intime India Private Ltd

Bigshare Services Pvt Ltd

Lead Managers

Vivro Financial Services Private Limited

Idbi Capital Market Services 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

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) Limited	MOIL Limited
Record Date	Nov 12, 2021	Dec 31, 2021
Offer Open Date	Dec 08, 2021	Jan 28, 2022
Offer Closure Date	Dec 21, 2021	Feb 10, 2022
Last date for receipt of tender forms	Dec 21, 2021	Feb 12, 2022
Finalisation of buyback	Dec 29, 2021	Feb 18, 2022
Last Date for settlment of bids	Dec 30, 2021	Feb 21, 2022
Last Date for extinguishment of shares	Jan 06, 2022	Feb 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) Limited

MOIL 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)
	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

Compare with others

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

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