Amrutanjan Health Care Buyback 2023 vs Goldiam International Buyback 2023

Comparision between Amrutanjan Health Care Buyback 2023 and Goldiam International Buyback 2023.

Buyback Details

Amrutanjan Health Care Buyback 2023 is a Tender Offer buyback proposed to list at BSE, NSE while Goldiam International Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.

Amrutanjan Health Care Limited

Goldiam International Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹1 per share

₹2 per share

Buyback Price

₹900 per share

₹150 per share

Issue Size

3,20,000 shares

21,79,493 shares

Issue Size (Amount)

₹28.80 Crores

₹32.69 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	2 Equity Shares out of every 91 Fully paid-up Equity Shares held on the Record Date.	53,652.00
General Category for all other Eligible Shareholders	2 Equity Shares out of every 91 Fully paid-up Equity Shares held on the Record Date.	266,348.00

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	17 Equity Shares out of every 584 Fully paid-up Equity Shares held on the Record Date.	326,924.00
General Category for all other Eligible Shareholders	5 Equity Shares out of every 264 Fully paid-up Equity Shares held on the Record Date.	1,852,569.00

Registrar

Cameo Corporate Services Limited

Link Intime India Private Ltd

Lead Managers

Saffron Capital Advisors Private Limited

Keynote Financial Services Ltd

Necessity of the buyback

The proposed Buy-back will help the Company achieve the following objectives:

Improve the valuation of the Company and fair valuation of the share price
Enhancing the overall return to shareholders in the long run
Creating long term value for shareholders
Improving the fundamental ratios of the Company
Exit option to shareholders, particularly small shareholders, at a premium over market price.

The Buyback is undertaken for the following reasons:

The Company believes that the strong future and outlook of its business activities is not accurately reflected in the prevailing market price, thereby giving an opportunity for Buyback to create long-term value for its shareholders.
The Buyback would help in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the Company; thereby, enhancing the overall return to shareholders.
The Buyback gives the Eligible equity shareholders the choice to either (A) participate in the Buyback and receive cash in lieu of Equity Shares accepted under the Buyback or (B) not to participate in the Buyback and enjoy a resultant increase in their percentage shareholding in the Company post the Buyback, without additional investment.

Buyback Timetable

Amrutanjan Health Care Buyback 2023 and Goldiam International Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Amrutanjan Health Care Buyback 2023 Buyback record date is Jul 13, 2023. Goldiam International Buyback 2023 Buyback record date is Jul 21, 2023.

	Amrutanjan Health Care Limited	Goldiam International Limited
Record Date	Jul 13, 2023	Jul 21, 2023
Offer Open Date	Jul 19, 2023	Jul 27, 2023
Offer Closure Date	Jul 25, 2023	Aug 02, 2023
Last date for receipt of tender forms		Aug 02, 2023
Finalisation of buyback		Aug 08, 2023
Last Date for settlment of bids		Aug 09, 2023
Last Date for extinguishment of shares		Aug 22, 2023

Financial Details and Other Relevent Information

Comparison of Amrutanjan Health Care Buyback 2023 and Goldiam International Buyback 2023 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Amrutanjan Health Care Limited

Goldiam International Limited

Financial

Amrutanjan Health Care Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax
31-Mar-19	187.61	260.36	24.51
31-Mar-20	205.35	269.80	25.08
31-Mar-21	274.27	344.16	61.19
31-Mar-22	349.87	421.22	67.19
31-Mar-23	362.09	394.18	39.83
Amount in ₹ Crore

Goldiam International Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax
31-Mar-21	613.96	413.22	67.11
31-Mar-22	632.47	712.39	105.96
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jun-2023	737.50	588.65	622.82
May-2023	608.05	582.55	599.85
Apr-2023	623.85	593.90	607.21

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jun-2023	135.10	128.70	131.27
May-2023	151.00	131.25	141.24
Apr-2023	149.40	131.35	139.30

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jun-2023	738.25	586.95	622.18
May-2023	608.25	583.60	599.70
Apr-2023	624.00	593.15	607.00

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jun-2023	135.05	128.70	131.24
May-2023	151.05	131.05	141.22
Apr-2023	148.10	131.25	139.21

Compare with others

Amrutanjan Health Care Limited	Goldiam International Limited
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Indiamart Intermesh Buyback 2023	Larsen & Toubro Buyback 2023
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Goldiam International Buyback 2023	Indiamart Intermesh Buyback 2023
BSE Buyback July 2023	James Warren Tea Buyback 2023
Axita Cotton Buyback 2023	BSE Buyback July 2023
Welspun India Buyback 2023	Amrutanjan Health Care Buyback 2023
Wipro Buyback 2023	Axita Cotton Buyback 2023
Ashiana Housing Buyback 2023	Welspun India Buyback 2023
Emami Limited Buyback 2023	Wipro Buyback 2023

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