Amrutanjan Health Care Buyback 2023 vs BSE Buyback July 2023

Comparison between Amrutanjan Health Care Buyback 2023 and BSE Buyback July 2023.

Buyback Details

Amrutanjan Health Care Buyback 2023 is a Tender Offer buyback proposed to list at BSE, NSE while BSE Buyback July 2023 is a Tender Offer proposed to list at NSE.

 Amrutanjan Health Care Ltd.BSE Ltd.
LogoAmrutanjan Health Care Buyback 2023 LogoBSE Buyback July 2023 Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSENSE
Face Value₹1 per share₹2 per share
Buyback Price₹900 per share₹1080 per share
Issue Size3,20,000 shares34,70,370 shares
Issue Size (Amount)₹28.80 Crores₹374.80 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders2 Equity Shares out of every 91 Fully paid-up Equity Shares held on the Record Date.53,652.00
General Category for all other Eligible Shareholders2 Equity Shares out of every 91 Fully paid-up Equity Shares held on the Record Date.266,348.00
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders1 Equity Shares out of every 26 Fully paid-up Equity Shares held on the Record Date.520,556.00
General Category for all other Eligible Shareholders2 Equity Shares out of every 83 Fully paid-up Equity Shares held on the Record Date.2,949,814.00
RegistrarCameo Corporate Services Ltd.Kfin Technologies Ltd.
Lead ManagersSaffron Capital Advisors Pvt.Ltd.Nuvama Wealth Management Ltd.
Necessity of the buyback

The proposed Buy-back will help the Company achieve the following objectives:

  1. Improve the valuation of the Company and fair valuation of the share price
  2. Enhancing the overall return to shareholders in the long run
  3. Creating long term value for shareholders
  4. Improving the fundamental ratios of the Company
  5. Exit option to shareholders, particularly small shareholders, at a premium over market price.

The proposed Buy-back will help the Company achieve the following objectives:

  1. To return surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
  2. The Buy Back, which is being implemented through the tender offer involving a reservation for Small Shareholders of 15%. The Company believes that this reservation of 15% for Small Shareholders would benefit a large number of public shareholders.
  3. The Buy Back may help in improving return on equity.
  4. The Buy Back gives an option to the shareholders holding Equity Shares of the Company, to either choose to participate and get cash in lieu of Equity Shares or choose not to participate and enjoy a resultant increase in their percentage shareholding.

Buyback Timetable

Amrutanjan Health Care Buyback 2023 and BSE Buyback July 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Amrutanjan Health Care Buyback 2023 Buyback record date is Jul 13, 2023. BSE Buyback July 2023 Buyback record date is Sep 14, 2023.

 Amrutanjan Health Care Ltd.BSE Ltd.
Record DateJul 13, 2023Sep 14, 2023
Offer Open DateJul 19, 2023Sep 21, 2023
Offer Closure DateJul 25, 2023Sep 27, 2023
Last date for receipt of tender formsSep 27, 2023
Finalisation of buybackOct 04, 2023
Last Date for settlment of bidsOct 05, 2023
Last Date for extinguishment of sharesOct 16, 2023

Financial Details and Other Relevent Information

Comparison of Amrutanjan Health Care Buyback 2023 and BSE Buyback July 2023 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Amrutanjan Health Care Ltd.BSE Ltd.
Financial
Amrutanjan Health Care Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-19187.61260.3624.51
31-Mar-20205.35269.8025.08
31-Mar-21274.27344.1661.19
31-Mar-22349.87421.2267.19
31-Mar-23362.09394.1839.83
Amount in ₹ Crore
BSE Buyback July 2023 Financial Information (Restated Consolidated)
Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Assets4,475.774,627.086,185.405,993.81
Revenue630.00654.65863.53953.94
Profit After Tax120.61141.70244.93205.65
Net Worth
Reserves and Surplus2,406.392,473.642,613.132,648.25
Total Borrowing
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jun-2023 737.50 588.65 622.82
May-2023 608.05 582.55 599.85
Apr-2023 623.85 593.90 607.21
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jun-2023 738.25 586.95 622.18
May-2023 608.25 583.60 599.70
Apr-2023 624.00 593.15 607.00

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2023 1084.90 804.00 893.05
Jul-2023 814.00 611.75 733.72
Jun-2023 624.30 551.45 579.01

Compare with others

Compare:

Amrutanjan Health Care Buyback 2023 and BSE Buyback July 2023