Comparison between Asahi Songwon Colors Buyback and Avonmore Capital Buyback.
Asahi Songwon Colors Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Avonmore Capital Buyback is a Tender Offer proposed to list at BSE, NSE.
| Asahi Songwon Colors Ltd. | Avonmore Capital & Management Services Ltd. | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Logo |  |  | ||||||||||||
| Type of Buyback | Tender Offer | Tender Offer | ||||||||||||
| Listing At | BSE, NSE | BSE, NSE | ||||||||||||
| Face Value | ₹10 per share | ₹10 per share | ||||||||||||
| Buyback Price | ₹400 per share | ₹95 per share | ||||||||||||
| Issue Size | 2,40,000 shares | 9,17,680 shares | ||||||||||||
| Issue Size (Amount) | ₹9.60 Crores | ₹8.72 Crores | ||||||||||||
| Buyback Ratio |
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| Registrar | MUFG Intime India Pvt.Ltd. | Beetal Financial & Computer Services Pvt.Ltd. | ||||||||||||
| Lead Managers | Systematix Corporate Services Ltd. | Corporate Capital Ventures Pvt.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 broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders. 2. 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. |
Asahi Songwon Colors Buyback and Avonmore Capital 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. Avonmore Capital Buyback Buyback record date is Jun 15, 2022.
| Asahi Songwon Colors Ltd. | Avonmore Capital & Management Services Ltd. | |
|---|---|---|
| Record Date | Jun 03, 2022 | Jun 15, 2022 |
| Offer Open Date | Jun 22, 2022 | Jul 04, 2022 |
| Offer Closure Date | Jul 05, 2022 | Jul 15, 2022 |
| Last date for receipt of tender forms | Jul 05, 2022 | Jul 18, 2022 |
| Finalisation of buyback | Jul 12, 2022 | Jul 22, 2022 |
| Last Date for settlment of bids | Jul 13, 2022 | Jul 25, 2022 |
| Last Date for extinguishment of shares | Jul 20, 2022 | Aug 01, 2022 |
Comparison of Asahi Songwon Colors Buyback and Avonmore Capital 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. | Avonmore Capital & Management Services Ltd. | |||||||||||||||||||||||||||||||||||||||||||||||||
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| Stock price at BSE | Stock price at BSE (in preceding 3 months)
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| Stock price at NSE | Stock price at NSE (in preceding 3 months)
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