Bharat Rasayan Buyback vs NIIT Buyback

Comparision between Bharat Rasayan Buyback and NIIT Buyback.

Buyback Details

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

Bharat Rasayan Limited

NIIT Limited

Logo

Type of Buyback

Tender Offer

Listing At

NSE

BSE, NSE

Face Value

₹10 per share

₹2 per share

Buyback Price

₹11500 per share

₹240 per share

Issue Size

93,472 shares

98,75,000 shares

Issue Size (Amount)

₹107.49 Crores

₹237.00 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	102 Equity Shares for every 919 Equity Shares held on the Record Date
General Category for all other Eligible Shareholders	19 Equity Shares for every 292 Equity Shares held on the Record Date

Registrar

Link Intime India Private Ltd

Lead Managers

Corporate Professionals Capital Private Ltd

Jm Financial Limited

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 Buyback 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 capital of the Company.

Buyback Timetable

Bharat Rasayan Buyback and NIIT 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. NIIT Buyback Buyback record date is Feb 24, 2021.

	Bharat Rasayan Limited	NIIT Limited
Record Date	Mar 05, 2021	Feb 24, 2021
Offer Open Date	Mar 26, 2021	Apr 12, 2021
Offer Closure Date	Apr 12, 2021	Apr 28, 2021
Last date for receipt of tender forms	Apr 14, 2021	Apr 30, 2021
Finalisation of buyback	Apr 20, 2021	May 06, 2021
Last Date for settlment of bids	Apr 22, 2021	May 07, 2021
Last Date for extinguishment of shares	Apr 29, 2021	May 14, 2021

Financial Details and Other Relevent Information

Comparison of Bharat Rasayan Buyback and NIIT 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 Limited

NIIT Limited

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 Lakhs)
	31-Mar-20	31-Mar-19	31-Mar-18
Total Income	1,00,598	87,136	85,909
Profit After Tax	1,32,718	8,720	6,368
Net Worth	96,292	28,350	18,938

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jan-2021	205.95	187.65	198.63
Dec-2020	207.35	168.75	182.88
Nov-2020	190.35	131.50	153.42

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
Jan-2021	206.15	187.60	198.60
Dec-2020	207.30	168.85	182.97
Nov-2020	190.50	131.50	153.43

Compare with others

Bharat Rasayan Limited	NIIT Limited
Insecticides India Buyback	Smartlink Holdings Buyback
Gujarat Apollo Industries Buyback	Aarti Drugs Buyback
Savita Oil Buyback	Insecticides India Buyback
NIIT Buyback	Gujarat Apollo Industries Buyback
Suprajit Engineering Buyback	Savita Oil Buyback
Jagran Prakashan Buyback	Suprajit Engineering Buyback
Nava Bharat Ventures Buyback	Bharat Rasayan Buyback
Indian Toners & Developers Buyback	Jagran Prakashan Buyback
Gail India Buyback	Nava Bharat Ventures Buyback
NALCO Buyback	Indian Toners & Developers Buyback

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