Amrutanjan Health Care Buyback 2023 vs BSE Buyback July 2023

Comparision 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 Limited

BSE Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

NSE

Face Value

₹1 per share

₹2 per share

Buyback Price

₹900 per share

₹1080 per share

Issue Size

3,20,000 shares

34,70,370 shares

Issue Size (Amount)

₹28.80 Crores

₹374.80 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	2 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 Shareholders	2 Equity Shares out of every 91 Fully paid-up Equity Shares held on the Record Date.	266,348.00

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	1 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 Shareholders	2 Equity Shares out of every 83 Fully paid-up Equity Shares held on the Record Date.	2,949,814.00

Registrar

Cameo Corporate Services Limited

Kfin Technologies Limited

Lead Managers

Saffron Capital Advisors Private Limited

Nuvama Wealth Management Limited

Necessity of the buyback

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

Improve the valuation of the Company and fair valuation of the share price
Enhancing the overall return to shareholders in the long run
Creating long term value for shareholders
Improving the fundamental ratios of the Company
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:

To return surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
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.
The Buy Back may help in improving return on equity.
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 Limited	BSE Limited
Record Date	Jul 13, 2023	Sep 14, 2023
Offer Open Date	Jul 19, 2023	Sep 21, 2023
Offer Closure Date	Jul 25, 2023	Sep 27, 2023
Last date for receipt of tender forms		Sep 27, 2023
Finalisation of buyback		Oct 04, 2023
Last Date for settlment of bids		Oct 05, 2023
Last Date for extinguishment of shares		Oct 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 Limited

BSE Limited

Financial

Amrutanjan Health Care Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax
31-Mar-19	187.61	260.36	24.51
31-Mar-20	205.35	269.80	25.08
31-Mar-21	274.27	344.16	61.19
31-Mar-22	349.87	421.22	67.19
31-Mar-23	362.09	394.18	39.83
Amount in ₹ Crore

BSE Buyback July 2023 Financial Information (Restated Consolidated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	4,475.77	4,627.08	6,185.40	5,993.81
Revenue	630.00	654.65	863.53	953.94
Profit After Tax	120.61	141.70	244.93	205.65
Net Worth
Reserves and Surplus	2,406.39	2,473.64	2,613.13	2,648.25
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

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Amrutanjan Health Care Limited	BSE Limited
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