Balrampur Chini Buyback 2022 vs eClerx Services Buyback 2022

Comparision between Balrampur Chini Buyback 2022 and eClerx Services Buyback 2022.

Buyback Details

Balrampur Chini Buyback 2022 is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while eClerx Services Buyback 2022 is a Tender Offer proposed to list at BSE, NSE.

Balrampur Chini Mills Limited

eClerx Services Limited

Logo

Type of Buyback

Open Market Through Stock Exchange

Tender Offer

Listing At

BSE, NSE

Face Value

₹1 per share

₹10 per share

Buyback Price

₹360 per share

₹1750 per share

Issue Size

17,14,285 shares

Issue Size (Amount)

₹145.45 Crores

₹300.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	7 Equity Shares out of every 46 Fully paid-up Equity Shares held on the Record Date.	257,143.00
General Category for all other Eligible Shareholders	6 Equity Shares out of every 202 Fully paid-up Equity Shares held on the Record Date.	1,457,142.00

Registrar

Kfin Technologies Limited

Lead Managers

Axis Capital Limited

Emkay Global Financial Services Ltd

Necessity of the buyback

The buyback is being undertaken for the following reason:

1.To optimize returns to shareholders.

2. To enhance overall shareholder value.

3. To optimize capital structure.

The Buy Back is being proposed by the company for fulfilling the following objectives:

The Buy Back will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to the shareholders.
The Buy Back may help in improving return on equity due to reduction in the equity base, thereby leading to long term increase in shareholder value.
The Buy Back will help in achieving an optimal capital structure.

Buyback Timetable

Balrampur Chini Buyback 2022 and eClerx Services Buyback 2022 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Balrampur Chini Buyback 2022 Buyback record date is . eClerx Services Buyback 2022 Buyback record date is Dec 27, 2022.

	Balrampur Chini Mills Limited	eClerx Services Limited
Record Date		Dec 27, 2022
Offer Open Date	Nov 16, 2022	Feb 03, 2023
Offer Closure Date	May 15, 2023	Feb 16, 2023
Last date for receipt of tender forms		Feb 16, 2023
Finalisation of buyback		Feb 23, 2023
Last Date for settlment of bids		Feb 24, 2023
Last Date for extinguishment of shares		Mar 01, 2023

Financial Details and Other Relevent Information

Comparison of Balrampur Chini Buyback 2022 and eClerx Services Buyback 2022 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Balrampur Chini Mills Limited

eClerx Services Limited

Financial

Balrampur Chini Mills Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth
31-Mar-20	779.84	509.28	2287.5
31-Mar-21	4845.11	469.77	2480.44
31-Mar-22	4893.94	514.66	2673.63
Amount in ₹ Crore

eClerx Services Limited Financial Information (Consolidated)
Period Ended	Total Revenue	Profit After Tax	Net Worth
31-Mar-20	1174.17	123.57	1111.31
31-Mar-21	1230.36	238.79	1182.62
31-Mar-22	1571.86	354.9	1174.53
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jan-2022	366.95	306.80	343.47
Jan-2022	385.85	335.45	363.80
Jan-2022	404.15	329.00	352.13

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2022	1494.25	1297.85	1395.80
Oct-2022	1499.45	1254.15	1336.66
Sep-2022	1545.90	1420.70	1473.07

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jan-2022	367.00	307.30	343.73
Jan-2022	385.90	335.15	363.87
Jan-2022	404.50	329.00	352.13

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2022	1494.90	1293.00	1395.38
Oct-2022	1500.00	1254.00	1336.53
Sep-2022	1545.00	1420.00	1472.99

Compare with others

Balrampur Chini Mills Limited	eClerx Services Limited
Softsol India Buyback 2022	Cosmo First Buyback
Tips Industries Buyback 2022	Jenburkt Pharmaceuticals Buyback
eClerx Services Buyback 2022	Indian Energy Exchange Buyback
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Triveni Engineering Buyback 2022	Tips Industries Buyback 2022
Windlas Biotech Buyback 2022	Technocraft Industries Buyback 2022
Orbit Exports Buyback	Triveni Engineering Buyback 2022
Jagran Prakashan Buyback 2022	Balrampur Chini Buyback 2022
Triveni Turbine Buyback	Windlas Biotech Buyback 2022
Dhanuka Agritech Buyback	Orbit Exports Buyback

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