Atul Buyback vs NALCO Buyback

Comparison between Atul Buyback and NALCO Buyback.

Buyback Details

Atul Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while NALCO Buyback is a Tender Offer proposed to list at BSE, NSE.

 Atul Ltd.National Aluminium Company Ltd.
LogoAtul Buyback LogoNALCO Buyback Logo
Type of BuybackOpen Market Through Stock ExchangeTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹10 per share₹5 per share
Buyback Price₹7250 per share₹57.5 per share
Issue Size13,02,79,083 shares
Issue Size (Amount)₹50.00 Crores₹749.10 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 23 Equity Shares out of every 195 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 37 Equity Shares out of every 568 Equity Shares held on the Record Date.
RegistrarMUFG Intime India Pvt.Ltd.Kfin Technologies Ltd.
Lead ManagersVivro Financial Services Pvt.Ltd.IDBI Capital Markets & Securities Ltd.
Necessity of the buyback

The Buy-back is undertaken by the Company:
i) To return surplus funds to the equity shareholders.
ii) To improve earnings per share by reducing the equity base and lead to a long-term increase in the value of shareholders.

The Buy-back is being undertaken by the Company to:
i) Optimize the capital structure; and
ii) Improve return on equity, by reduction in the equity base.

Buyback Timetable

Atul Buyback and NALCO Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Atul Buyback Buyback record date is . NALCO Buyback Buyback record date is Feb 08, 2021.

 Atul Ltd.National Aluminium Company Ltd.
Record DateFeb 08, 2021
Offer Open DateFeb 10, 2021Feb 25, 2021
Offer Closure DateAug 09, 2021Mar 10, 2021
Last date for receipt of tender formsMar 12, 2021
Finalisation of buybackMar 16, 2021
Last Date for settlment of bidsMar 17, 2021
Last Date for extinguishment of sharesMar 19, 2021

Financial Details and Other Relevent Information

Comparison of Atul Buyback and NALCO Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Atul Ltd.National Aluminium Company Ltd.
Financial
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Crores)
31-Mar-20 31-Mar-19 31-Mar-19
Total Income 3,983.27 3,947.17 3,186.02
Profit After Tax 640.17 428.64 270.41
Net Worth 3,070.38 2,649.56 2,197.54
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs in Crores)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 8,742.42 11,826.48 9,917.74
Profit After Tax 136.23 1,733.69 1,342.19
Net Worth 9,986.50 10,484.94 10,503.95
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2021 6791.90 6219.80 6517.29
Dec-2020 6700.00 5951.10 6222.52
Nov-2020 6660.00 5868.00 6269.60

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2020 45.00 37.40 42.04
Nov-2020 40.20 29.95 34.63
Oct-2020 33.30 29.15 30.80
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2021 6800.00 6222.00 6516.51
Dec-2020 6700.00 5951.00 6223.06
Nov-2020 6600.00 5860.00 6270.86

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2020 45.00 37.35 42.06
Nov-2020 40.20 29.95 34.63
Oct-2020 33.30 29.10 30.78

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Atul Buyback and NALCO Buyback