Bharat Rasayan Buyback vs NALCO Buyback

Comparison between Bharat Rasayan Buyback and NALCO Buyback.

Buyback Details

Bharat Rasayan Buyback is a Tender Offer buyback proposed to list at NSE while NALCO Buyback is a Tender Offer proposed to list at BSE, NSE.

 Bharat Rasayan Ltd.National Aluminium Company Ltd.
LogoBharat Rasayan Buyback LogoNALCO Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtNSEBSE, NSE
Face Value₹10 per share₹5 per share
Buyback Price₹11500 per share₹57.5 per share
Issue Size93,472 shares13,02,79,083 shares
Issue Size (Amount)₹107.49 Crores₹749.10 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 12 Equity Shares out of every 79 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 19 Equity Shares out of every 994 fully paid-up Equity Shares held on the Record Date.
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 23 Equity Shares out of every 195 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 37 Equity Shares out of every 568 Equity Shares held on the Record Date.
RegistrarMUFG Intime India Pvt.Ltd.Kfin Technologies Ltd.
Lead ManagersCorporate Professionals Capital Pvt.Ltd.IDBI Capital Markets & Securities Ltd.
Necessity of the buyback

The Buy-back is being undertaken by the Company to:
i) To return surplus funds to the Equity Shareholders; and
ii) To help improve financial ratios like earnings per share and return on equity, by reducing the equity base of the Company.

The Buy-back is being undertaken by the Company to:
i) Optimize the capital structure; and
ii) Improve return on equity, by reduction in the equity base.

Buyback Timetable

Bharat Rasayan Buyback and NALCO Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Bharat Rasayan Buyback Buyback record date is Mar 05, 2021. NALCO Buyback Buyback record date is Feb 08, 2021.

 Bharat Rasayan Ltd.National Aluminium Company Ltd.
Record DateMar 05, 2021Feb 08, 2021
Offer Open DateMar 26, 2021Feb 25, 2021
Offer Closure DateApr 12, 2021Mar 10, 2021
Last date for receipt of tender formsApr 14, 2021Mar 12, 2021
Finalisation of buybackApr 20, 2021Mar 16, 2021
Last Date for settlment of bidsApr 22, 2021Mar 17, 2021
Last Date for extinguishment of sharesApr 29, 2021Mar 19, 2021

Financial Details and Other Relevent Information

Comparison of Bharat Rasayan Buyback and NALCO Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Bharat Rasayan Ltd.National Aluminium Company Ltd.
Financial
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 12,318.70 9,946.87 8,130.16
Profit After Tax 1,576.42 1,115.24 983.14
Net Worth 5,641.19 4,088.07 2,982.46
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs in Crores)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 8,742.42 11,826.48 9,917.74
Profit After Tax 136.23 1,733.69 1,342.19
Net Worth 9,986.50 10,484.94 10,503.95
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2020 45.00 37.40 42.04
Nov-2020 40.20 29.95 34.63
Oct-2020 33.30 29.15 30.80
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2021 10758.00 9386.00 10207.92
Dec-2020 10190.00 8700.00 9651.52
Nov-2020 9900.00 8500.00 9115.15

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2020 45.00 37.35 42.06
Nov-2020 40.20 29.95 34.63
Oct-2020 33.30 29.10 30.78

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Bharat Rasayan Buyback and NALCO Buyback