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Comparision between Avonmore Capital Buyback and Route Mobile Buyback.
Avonmore Capital Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Route Mobile Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.
| Avonmore Capital & Management Services Limited | Route Mobile Limited | |||||||
|---|---|---|---|---|---|---|---|---|
| Logo |  |
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| Type of Buyback | Tender Offer | Open Market Through Stock Exchange | ||||||
| Listing At | BSE, NSE | BSE, NSE | ||||||
| Face Value | ₹10 per share | ₹10 per share | ||||||
| Buyback Price | ₹95 per share | ₹1700 per share | ||||||
| Issue Size | 9,17,680 shares | |||||||
| Issue Size (Amount) | ₹8.72 Crores | ₹120.00 Crores | ||||||
| Buyback Ratio |
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| Registrar | Beetal Financial & Computer Services (P) Limited | Kfin Technologies Limited | ||||||
| Lead Managers | Corporate Capitalventures Pvt Ltd | Edelweiss Financial Services Ltd | ||||||
| Necessity of the buyback | 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. |
The buyback is being undertaken for the following reasons: 1. Utilise the available surplus funds, which are in excess of the surplus amount needed to be retained by the company for future growth over a medium term. 2. The Buyback would help in improving the return on equity, based on the consumption that the company would earn similar profits as in the past and increasing shareholder value in the long term. |
Avonmore Capital Buyback and Route Mobile Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Avonmore Capital Buyback Buyback record date is Jun 15, 2022. Route Mobile Buyback Buyback record date is .
| Avonmore Capital & Management Services Limited | Route Mobile Limited | |
|---|---|---|
| Record Date | Jun 15, 2022 | |
| Offer Open Date | Jul 04, 2022 | Jul 11, 2022 |
| Offer Closure Date | Jul 15, 2022 | Aug 29, 2022 |
| Last date for receipt of tender forms | Jul 18, 2022 | |
| Finalisation of buyback | Jul 22, 2022 | |
| Last Date for settlment of bids | Jul 25, 2022 | |
| Last Date for extinguishment of shares | Aug 01, 2022 |
Comparison of Avonmore Capital Buyback and Route Mobile Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.
| Avonmore Capital & Management Services Limited | Route Mobile Limited | |||||||||||||||||||||||||||||||||||||||||||||||||
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| Stock price at BSE | Stock price at BSE (in preceding 3 months)
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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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