Asahi Songwon Colors Buyback vs Matrimony.com Buyback

Comparison between Asahi Songwon Colors Buyback and Matrimony.com Buyback.

Buyback Details

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

 Asahi Songwon Colors Ltd.Matrimony.com Ltd.
LogoAsahi Songwon Colors Buyback LogoMatrimony.com Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE
Face Value₹10 per share₹5 per share
Buyback Price₹400 per share₹1150 per share
Issue Size2,40,000 shares6,52,173 shares
Issue Size (Amount)₹9.60 Crores₹75.00 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 6 Equity Share out of every 43 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 41 Equity Shares out of every 793 Fully paid-up Equity Shares held on the Record Date.
RegistrarMUFG Intime India Pvt.Ltd.Kfin Technologies Ltd.
Lead ManagersSystematix Corporate Services Ltd.Motilal Oswal Investment Advisors Ltd.
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 shareholders holding Equity Shares thereby enhancing the overall return to shareholders.

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

Buyback Timetable

Asahi Songwon Colors Buyback and Matrimony.com 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. Matrimony.com Buyback Buyback record date is Jul 04, 2022.

 Asahi Songwon Colors Ltd.Matrimony.com Ltd.
Record DateJun 03, 2022Jul 04, 2022
Offer Open DateJun 22, 2022Jul 26, 2022
Offer Closure DateJul 05, 2022Aug 08, 2022
Last date for receipt of tender formsJul 05, 2022Aug 08, 2022
Finalisation of buybackJul 12, 2022Aug 19, 2022
Last Date for settlment of bidsJul 13, 2022Aug 22, 2022
Last Date for extinguishment of sharesJul 20, 2022Aug 26, 2022

Financial Details and Other Relevent Information

Comparison of Asahi Songwon Colors Buyback and Matrimony.com 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 Ltd.Matrimony.com Ltd.
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 4,524.36 3,953.34 3,896.95
Profit After Tax 535.91 407.74 295.35
Net Worth 3,103.53 2,632.97 2,282.41
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
May-2022 797.00 652.80 745.20
Apr-2022 799.00 663.00 728.27
Mar-2022 748.95 660.35 698.07
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
May-2022 792.25 645.35 745.41
Apr-2022 799.90 663.00 727.37
Mar-2022 738.00 661.00 697.63

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Asahi Songwon Colors Buyback and Matrimony.com Buyback