Asahi Songwon Colors Buyback vs Birlasoft Limited Buyback

Comparision between Asahi Songwon Colors Buyback and Birlasoft Limited Buyback.

Buyback Details

Asahi Songwon Colors Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Birlasoft Limited Buyback is a Tender Offer proposed to list at BSE, NSE.

Asahi Songwon Colors Limited

Birlasoft Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

₹2 per share

Buyback Price

₹400 per share

₹500 per share

Issue Size

2,40,000 shares

78,00,000 shares

Issue Size (Amount)

₹9.60 Crores

₹390.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	4 Equity Share out of every 119 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	17 Equity Shares out of every 913 Fully paid-up Equity Shares held on the Record Date.

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	26 Equity Share out of every 557 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	26 Equity Shares out of every 557 Fully paid-up Equity Shares held on the Record Date.

Registrar

Link Intime India Private Ltd

Lead Managers

Systematix Corporate Services Limited

Kotak Mahindra Capital Company Limited

Necessity of the buyback

The buyback is being undertaken for the following reasons:

1. The Buyback would help in improving its return on equity, by reducing the equity base, thereby leading to a long term increase in shareholders' value.

2. The Buyback will help the company to distribute surplus cash to its shareholders holding Equity shares broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders.

The buyback is being undertaken for the following reasons:

1. The Buyback will help the Company to distribute surplus cash to its members holding Equity Shares thereby enhancing the overall return for them.

2. The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by the reduction in the equity base of the Company, thereby leading to a long-term increase in shareholders' value.

Buyback Timetable

Asahi Songwon Colors Buyback and Birlasoft Limited Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Asahi Songwon Colors Buyback Buyback record date is Jun 03, 2022. Birlasoft Limited Buyback Buyback record date is Jul 15, 2022.

	Asahi Songwon Colors Limited	Birlasoft Limited
Record Date	Jun 03, 2022	Jul 15, 2022
Offer Open Date	Jun 22, 2022	Aug 11, 2022
Offer Closure Date	Jul 05, 2022	Aug 26, 2022
Last date for receipt of tender forms	Jul 05, 2022	Aug 26, 2022
Finalisation of buyback	Jul 12, 2022	Sep 06, 2022
Last Date for settlment of bids	Jul 13, 2022	Sep 07, 2022
Last Date for extinguishment of shares	Jul 20, 2022	Sep 14, 2022

Financial Details and Other Relevent Information

Comparison of Asahi Songwon Colors Buyback and Birlasoft 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.

Asahi Songwon Colors Limited

Birlasoft Limited

Financial

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (Rs. in Lakhs)
	31-Mar-22	31-Mar-21	31-Mar-20
Total Income	41,626.44	28,339.04	28,442.40
Profit After Tax	1,465.07	3,194.62	2,282.63
Net Worth	24,237.49	22,722.48	20,945.02
Reserves and Surplus	23,034.76	21,519.75	19,717.79

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (Rs. in Million)
	31-Mar-22	31-Mar-21	31-Mar-20
Total Income	41,965.5	35,747	33,339.6
Profit After Tax	4,636.4	3,208.3	2,243.5
Net Worth	25,830.5	21,799.3	18,924.2

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
May-2022	346.45	277.05	308.18
Apr-2022	309.35	257.25	276.02
Mar-2022	309.55	226.00	268.69

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jun-2022	390.30	316.35	356.09
May-2022	418.85	336.55	377.49
Apr-2022	501.65	405.20	447.59

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
May-2022	325.00	275.55	295.72
Apr-2022	348.00	278.00	307.95
Mar-2022	309.00	255.00	275.91

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jun-2022	390.50	316.45	356.16
May-2022	419.10	338.25	377.50
Apr-2022	501.60	405.10	447.64

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