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AksharChem India Buyback vs Rishiroop Limited Buyback

Comparison between AksharChem India Buyback and Rishiroop Limited Buyback.

Buyback Details

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

 AksharChem (India) Ltd.Rishiroop Ltd.
LogoAksharChem India Buyback LogoRishiroop Limited Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE
Face Value₹10 per share₹10 per share
Buyback Price₹590 per share₹125 per share
Issue Size1,69,491 shares6,40,000 shares
Issue Size (Amount)₹10.00 Crores₹8.00 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 5 Equity Shares out of every 57 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 6 Equity Shares out of every 95 fully paid-up Equity Shares held on the Record Date.
RegistrarMUFG Intime India Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Lead ManagersVivro Financial Services Pvt.Ltd.Inga Ventures Pvt.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) help the Company to distribute surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
iii) in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the Company.

Buyback Timetable

AksharChem India Buyback and Rishiroop Limited 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. Rishiroop Limited Buyback Buyback record date is Sep 09, 2021.

 AksharChem (India) Ltd.Rishiroop Ltd.
Record DateNov 12, 2021Sep 09, 2021
Offer Open DateDec 08, 2021Oct 05, 2021
Offer Closure DateDec 21, 2021Oct 20, 2021
Last date for receipt of tender formsDec 21, 2021Oct 22, 2021
Finalisation of buybackDec 29, 2021Oct 28, 2021
Last Date for settlment of bidsDec 30, 2021Oct 29, 2021
Last Date for extinguishment of sharesJan 06, 2022Nov 05, 2021

Financial Details and Other Relevent Information

Comparison of AksharChem India Buyback and Rishiroop Limited 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.Rishiroop 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-March-21 31-March-20 31-March-19
Total Income 660.70 413.18 629.91
Profit After Tax 299.99 (28.41) 73.01
Net Worth 827.49 574.99 629.09
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
Jul-2021 100.50 92.10 95.32
Jun-2021 113.00 92.00 101.58
May-2021 120.10 86.50 99.54
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

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AksharChem (India) Ltd.Rishiroop Ltd.
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Compare:

AksharChem India Buyback and Rishiroop Limited Buyback