Asahi Songwon Colors Buyback vs Sinclairs Hotels Buyback

Comparision between Asahi Songwon Colors Buyback and Sinclairs Hotels Buyback.

Buyback Details

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

Asahi Songwon Colors Limited

Sinclairs Hotels Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

BSE

Face Value

₹10 per share

₹2 per share

Buyback Price

₹400 per share

₹143 per share

Issue Size

2,40,000 shares

7,00,000 shares

Issue Size (Amount)

₹9.60 Crores

₹10.01 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.

Registrar

Link Intime India Private Ltd

Niche Technologies Pvt. Ltd

Lead Managers

Systematix Corporate Services 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 reason:

1. The Buyback will help the Company to return surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.

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

Buyback Timetable

Asahi Songwon Colors Buyback and Sinclairs Hotels 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. Sinclairs Hotels Buyback Buyback record date is May 13, 2022.

	Asahi Songwon Colors Limited	Sinclairs Hotels Limited
Record Date	Jun 03, 2022	May 13, 2022
Offer Open Date	Jun 22, 2022	Jun 03, 2022
Offer Closure Date	Jul 05, 2022	Jun 16, 2022
Last date for receipt of tender forms	Jul 05, 2022
Finalisation of buyback	Jul 12, 2022
Last Date for settlment of bids	Jul 13, 2022
Last Date for extinguishment of shares	Jul 20, 2022

Financial Details and Other Relevent Information

Comparison of Asahi Songwon Colors Buyback and Sinclairs Hotels 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

Sinclairs Hotels 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
Particulars	For the year/period ended (Rs. in Lakhs)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	2,313.88	4,716.66	4,958.31
Profit After Tax	351.12	948.90	974.69
Net Worth	10,334.42	10,195.89	9,643.24

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
Mar-2022	100.00	75.00	89.23
Feb-2022	89.80	70.00	81.84
Jan-2022	78.50	60.00	73.56

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

Compare with others

Asahi Songwon Colors Limited	Sinclairs Hotels Limited
Avonmore Capital Buyback	Asahi Songwon Colors Buyback
Birlasoft Limited Buyback	Motilal Oswal Financial Services Buyback
CL Educate Buyback	Matrimony.com Buyback
Cigniti Technologies Buyback	SMC Global Securities Buyback
Zydus Lifesciences Buyback	IndiaMART InterMESH Buyback
Motilal Oswal Financial Services Buyback	Sarda Energy & Minerals Buyback
Matrimony.com Buyback	UPL Limited Buyback 2022
SMC Global Securities Buyback	GAIL (India) Buyback
IndiaMART InterMESH Buyback	Filatex India Buyback
Sinclairs Hotels Buyback	Atul Limited Buyback

Comments

Add a public comment...