Avonmore Capital Buyback vs Birlasoft Limited Buyback

Comparision between Avonmore Capital Buyback and Birlasoft Limited Buyback.

Buyback Details

Avonmore Capital Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Birlasoft Limited Buyback is a Tender Offer proposed to list at BSE, NSE.

Avonmore Capital & Management Services Limited

Birlasoft Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

₹2 per share

Buyback Price

₹95 per share

₹500 per share

Issue Size

9,17,680 shares

78,00,000 shares

Issue Size (Amount)

₹8.72 Crores

₹390.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	36 Equity Share out of every 361 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	5 Equity Shares out of every 147 Fully paid-up Equity Shares held on the Record Date.

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	26 Equity Share out of every 557 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	26 Equity Shares out of every 557 Fully paid-up Equity Shares held on the Record Date.

Registrar

Beetal Financial & Computer Services (P) Limited

Link Intime India Private Ltd

Lead Managers

Corporate Capitalventures Pvt Ltd

Kotak Mahindra Capital Company Limited

Necessity of the buyback

The buyback is being undertaken for the following reasons:

1. The Buyback will help the company to distribute surplus cash to its shareholders holding Equity shares broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders.

2. The Buyback would help in improving its return on equity, by reducing the equity base, thereby leading to a long term increase in shareholders' value.

The buyback is being undertaken for the following reasons:

1. The Buyback will help the Company to distribute surplus cash to its members holding Equity Shares thereby enhancing the overall return for them.

2. The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by the reduction in the equity base of the Company, thereby leading to a long-term increase in shareholders' value.

Buyback Timetable

Avonmore Capital Buyback and Birlasoft Limited Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Avonmore Capital Buyback Buyback record date is Jun 15, 2022. Birlasoft Limited Buyback Buyback record date is Jul 15, 2022.

	Avonmore Capital & Management Services Limited	Birlasoft Limited
Record Date	Jun 15, 2022	Jul 15, 2022
Offer Open Date	Jul 04, 2022	Aug 11, 2022
Offer Closure Date	Jul 15, 2022	Aug 26, 2022
Last date for receipt of tender forms	Jul 18, 2022	Aug 26, 2022
Finalisation of buyback	Jul 22, 2022	Sep 06, 2022
Last Date for settlment of bids	Jul 25, 2022	Sep 07, 2022
Last Date for extinguishment of shares	Aug 01, 2022	Sep 14, 2022

Financial Details and Other Relevent Information

Comparison of Avonmore Capital Buyback and Birlasoft Limited Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Avonmore Capital & Management Services Limited

Birlasoft Limited

Financial

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (Rs. in Lakh)
	31-Mar-22	31-Mar-21	31-Mar-20
Total Income	8,719.44	7,201.70	7,218.71
Profit After Tax	4,045.02	2,977.74	1,805.27
Net Worth	28,425.92	24,346.62	21,264.59
Reserve and Surplus	18,133.11	14,866.17	12,604.68

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (Rs. in Million)
	31-Mar-22	31-Mar-21	31-Mar-20
Total Income	41,965.5	35,747	33,339.6
Profit After Tax	4,636.4	3,208.3	2,243.5
Net Worth	25,830.5	21,799.3	18,924.2

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2021	52.85	40.20	46.82
Dec-2021	77.80	48.00	67.54
Jan-2022	84.90	62.00	68.97

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jun-2022	390.30	316.35	356.09
May-2022	418.85	336.55	377.49
Apr-2022	501.65	405.20	447.59

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jun-2022	390.50	316.45	356.16
May-2022	419.10	338.25	377.50
Apr-2022	501.60	405.10	447.64

Compare with others

Avonmore Capital & Management Services Limited	Birlasoft Limited
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Bajaj Auto Buyback	Route Mobile Buyback
Route Mobile Buyback	Avonmore Capital Buyback
Birlasoft Limited Buyback	CL Educate Buyback
CL Educate Buyback	Cigniti Technologies Buyback
Cigniti Technologies Buyback	Zydus Lifesciences Buyback
Zydus Lifesciences Buyback	Asahi Songwon Colors Buyback
Asahi Songwon Colors Buyback	Motilal Oswal Financial Services Buyback

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