AksharChem India Buyback vs MPS Buyback

Comparision between AksharChem India Buyback and MPS Buyback.

Buyback Details

AksharChem India 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.

AksharChem (India) Limited

MPS Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

Buyback Price

₹590 per share

₹900 per share

Issue Size

1,69,491 shares

9,44,444 shares

Issue Size (Amount)

₹10.00 Crores

₹85.00 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	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

AksharChem India Buyback and MPS 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. MPS Buyback Buyback record date is Dec 17, 2021.

	AksharChem (India) Limited	MPS Limited
Record Date	Nov 12, 2021	Dec 17, 2021
Offer Open Date	Dec 08, 2021	Jan 14, 2022
Offer Closure Date	Dec 21, 2021	Jan 28, 2022
Last date for receipt of tender forms	Dec 21, 2021	Jan 31, 2022
Finalisation of buyback	Dec 29, 2021	Feb 08, 2022
Last Date for settlment of bids	Dec 30, 2021	Feb 08, 2022
Last Date for extinguishment of shares	Jan 06, 2022	Feb 15, 2022

Financial Details and Other Relevent Information

Comparison of AksharChem India 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.

AksharChem (India) Limited

MPS 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 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
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	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
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	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

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

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