Amrutanjan Health Care Buyback 2023 vs Axita Cotton Buyback 2023

Comparision between Amrutanjan Health Care Buyback 2023 and Axita Cotton Buyback 2023.

Buyback Details

Amrutanjan Health Care Buyback 2023 is a Tender Offer buyback proposed to list at BSE, NSE while Axita Cotton Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.

Amrutanjan Health Care Limited

Axita Cotton Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹1 per share

Buyback Price

₹900 per share

₹56 per share

Issue Size

3,20,000 shares

9,00,000 shares

Issue Size (Amount)

₹28.80 Crores

₹5.04 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	2 Equity Shares out of every 91 Fully paid-up Equity Shares held on the Record Date.	53,652.00
General Category for all other Eligible Shareholders	2 Equity Shares out of every 91 Fully paid-up Equity Shares held on the Record Date.	266,348.00

Registrar

Cameo Corporate Services Limited

Skyline Financial Services Private Ltd

Lead Managers

Saffron Capital Advisors Private Limited

Beeline Capital Advisors Pvt Ltd

Necessity of the buyback

The proposed Buy-back will help the Company achieve the following objectives:

Improve the valuation of the Company and fair valuation of the share price
Enhancing the overall return to shareholders in the long run
Creating long term value for shareholders
Improving the fundamental ratios of the Company
Exit option to shareholders, particularly small shareholders, at a premium over market price.

The buyback is a capital allocation decision taken by the company. The buyback will help the company to distribute a part of the surplus cash to its shareholders holding Equity Shares thereby, optimizing returns to the shareholders and enhancing the overall shareholders' value in the longer term, and improving the return on equity.

Buyback Timetable

Amrutanjan Health Care Buyback 2023 and Axita Cotton Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Amrutanjan Health Care Buyback 2023 Buyback record date is Jul 13, 2023. Axita Cotton Buyback 2023 Buyback record date is Jun 02, 2023.

	Amrutanjan Health Care Limited	Axita Cotton Limited
Record Date	Jul 13, 2023	Jun 02, 2023
Offer Open Date	Jul 19, 2023	Jun 08, 2023
Offer Closure Date	Jul 25, 2023	Jun 14, 2023
Last date for receipt of tender forms		Jun 14, 2023
Finalisation of buyback		Jun 21, 2023
Last Date for settlment of bids		Jun 21, 2023
Last Date for extinguishment of shares		Jul 03, 2023

Financial Details and Other Relevent Information

Comparison of Amrutanjan Health Care Buyback 2023 and Axita Cotton Buyback 2023 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Amrutanjan Health Care Limited

Axita Cotton Limited

Financial

Amrutanjan Health Care Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax
31-Mar-19	187.61	260.36	24.51
31-Mar-20	205.35	269.80	25.08
31-Mar-21	274.27	344.16	61.19
31-Mar-22	349.87	421.22	67.19
31-Mar-23	362.09	394.18	39.83
Amount in ₹ Crore

Axita Cotton Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth
31-Mar-21	107.23	618.94	3.73	21.82
31-Mar-22	109.10	830.46	15.41	36.26
31-Mar-23		557.62	17.04	52.37
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jun-2023	737.50	588.65	622.82
May-2023	608.05	582.55	599.85
Apr-2023	623.85	593.90	607.21

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Apr-2023	83.00	55.96	71.62
Mar-2023	58.43	50.60	52.35
Feb-2023	69.60	50.05	61.89

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jun-2023	738.25	586.95	622.18
May-2023	608.25	583.60	599.70
Apr-2023	624.00	593.15	607.00

Compare with others

Amrutanjan Health Care Limited	Axita Cotton Limited
Aarti Drugs Buyback 2023	Indiamart Intermesh Buyback 2023
Indiamart Intermesh Buyback 2023	James Warren Tea Buyback 2023
James Warren Tea Buyback 2023	Goldiam International Buyback 2023
Goldiam International Buyback 2023	BSE Buyback July 2023
BSE Buyback July 2023	Amrutanjan Health Care Buyback 2023
Axita Cotton Buyback 2023	Welspun India Buyback 2023
Welspun India Buyback 2023	Wipro Buyback 2023
Wipro Buyback 2023	Ashiana Housing Buyback 2023
Ashiana Housing Buyback 2023	Emami Limited Buyback 2023
Emami Limited Buyback 2023	Godawari Power and Ispat Buyback 2023

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