Amrutanjan Health Care Buyback 2023 vs Welspun India Buyback 2023

Comparision between Amrutanjan Health Care Buyback 2023 and Welspun India Buyback 2023.

Buyback Details

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

Amrutanjan Health Care Limited

Welspun India Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹1 per share

Buyback Price

₹900 per share

₹120 per share

Issue Size

3,20,000 shares

1,62,50,000 shares

Issue Size (Amount)

₹28.80 Crores

₹195.00 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	5 Equity Shares out of every 81 Fully paid-up Equity Shares held on the Record Date.	2,437,500.00
General Category for all other Eligible Shareholders	1 Equity Shares out of every 69 Fully paid-up Equity Shares held on the Record Date.	13,812,500.00

Registrar

Cameo Corporate Services Limited

Link Intime India Private Ltd

Lead Managers

Saffron Capital Advisors Private Limited

Dam Capital Advisors Ltd (Formerly Idfc Securities 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 Buy-back is being undertaken for the following reasons:

The Buy-back will help the Company to return surplus cash to its members, holding equity shares, in proportion to their shareholding.
The Buy-back includes a reservation for the small shareholders. The Company believes that this reservation for small shareholders would benefit a large number of public shareholders, who would get classified as "small shareholders".
The Buy-back may help in improving return on equity, by reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
The Buy-back gives an option to the members holding equity shares of the Company, who can choose to participate and get cash in lieu of equity shares or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buy-back.

Buyback Timetable

Amrutanjan Health Care Buyback 2023 and Welspun India 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. Welspun India Buyback 2023 Buyback record date is May 10, 2023.

	Amrutanjan Health Care Limited	Welspun India Limited
Record Date	Jul 13, 2023	May 10, 2023
Offer Open Date	Jul 19, 2023	May 16, 2023
Offer Closure Date	Jul 25, 2023	May 22, 2023
Last date for receipt of tender forms		May 22, 2023
Finalisation of buyback		May 26, 2023
Last Date for settlment of bids		May 29, 2023
Last Date for extinguishment of shares		Jun 07, 2023

Financial Details and Other Relevent Information

Comparison of Amrutanjan Health Care Buyback 2023 and Welspun India 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

Welspun India 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

Welspun India Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-19	7,742.28	6,608.44	226.18	2,779.30	2,623.55	1,908.43
31-Mar-20	8,310.28	6,836.18	524.36	2,972.10	2,972.50	1,684.85
31-Mar-21	8,677.78	7,407.95	550.79	3,644.70	3,516.39	1,096.19
31-Mar-22	9,436.85	9,377.31	606.70	3,971.70	3,862.03	1,214.18
31-Mar-23	8,650.00	82,151.00	202.51	40,878.00	3,974.85
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
Mar-2023	70.37	62.20	66.47
Feb-2023	73.00	63.60	68.96
Jan-2023	77.65	65.25	72.25

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
Mar-2023	70.40	62.00	66.50
Feb-2023	71.85	63.50	69.00
Jan-2023	77.70	66.25	72.29

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