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Axita Cotton Buyback 2023 vs James Warren Tea Buyback 2023

Comparision between Axita Cotton Buyback 2023 and James Warren Tea Buyback 2023.

Buyback Details

Axita Cotton Buyback 2023 is a Tender Offer buyback proposed to list at BSE, NSE while James Warren Tea Buyback 2023 is a Tender Offer proposed to list at BSE.

  Axita Cotton Limited James Warren Tea Limited
Logo Axita Cotton Buyback 2023 Logo James Warren Tea Buyback 2023 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE
Face Value ₹1 per share ₹10 per share
Buyback Price ₹56 per share ₹250 per share
Issue Size 9,00,000 shares 7,00,000 shares
Issue Size (Amount) ₹5.04 Crores ₹17.50 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders7 Equity Shares out of every 44 Fully paid-up Equity Shares held on the Record Date.115,215.00
General Category for all other Eligible Shareholders7 Equity Shares out of every 44 Fully paid-up Equity Shares held on the Record Date.584,785.00
Registrar Skyline Financial Services Private Ltd Maheshwari Datamatics Pvt. Ltd
Lead Managers Beeline Capital Advisors Pvt Ltd Fedex Securities Pvt Ltd
Necessity of the buyback

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.

The buyback will help the company achieve the following objectives:

  1. Optimize returns to shareholders,
  2. Enhance overall shareholders' value, and 
  3. Optimize the capital structure.

Buyback Timetable

Axita Cotton Buyback 2023 and James Warren Tea Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Axita Cotton Buyback 2023 Buyback record date is Jun 02, 2023. James Warren Tea Buyback 2023 Buyback record date is Jul 18, 2023.

  Axita Cotton Limited James Warren Tea Limited
Record Date Jun 02, 2023 Jul 18, 2023
Offer Open Date Jun 08, 2023 Jul 24, 2023
Offer Closure Date Jun 14, 2023 Jul 28, 2023
Last date for receipt of tender forms Jun 14, 2023 Jul 28, 2023
Finalisation of buyback Jun 21, 2023 Aug 03, 2023
Last Date for settlment of bids Jun 21, 2023 Aug 04, 2023
Last Date for extinguishment of shares Jul 03, 2023 Aug 14, 2023

Financial Details and Other Relevent Information

Comparison of Axita Cotton Buyback 2023 and James Warren Tea 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.

  Axita Cotton Limited James Warren Tea Limited
Financial
Axita Cotton Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
31-Mar-21107.23618.943.7321.82
31-Mar-22109.10830.4615.4136.26
31-Mar-23557.6217.0452.37
Amount in ₹ Crore
James Warren Teo Limited Financial Information (Restated Standalone)
Period EndedTotal AssetsTotal RevenueProfit After TaxReserves and Surplus
31-Mar-18153.18121.10-2.5394.97
31-Mar-19167.56148.984.0398.59
31-Mar-20138.69145.793.0179.12
31-Mar-21145.71133.9828.9686.88
31-Mar-22130.79116.448.2567.54
Amount in ₹ Crore
Stock price at BSE

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 BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2023 242.80 240.70 241.78
Jun-2023 246.30 239.05 242.89
May-2023 288.85 238.25 267.82
Stock price at NSE

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