Avonmore Capital Buyback vs CARE Ratings Buyback

Comparision between Avonmore Capital Buyback and CARE Ratings Buyback.

Buyback Details

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

Avonmore Capital & Management Services Limited

CARE Ratings Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

Buyback Price

₹95 per share

₹515 per share

Issue Size

9,17,680 shares

23,68,000 shares

Issue Size (Amount)

₹8.72 Crores

₹121.95 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	60 Equity Share out of every 539 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	69 Equity Shares out of every 907 Fully paid-up Equity Shares held on the Record Date.

Registrar

Beetal Financial & Computer Services (P) Limited

Kfin Technologies Limited

Lead Managers

Corporate Capitalventures Pvt Ltd

Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)

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:

(i) optimising returns to shareholders;

(ii) enhancing overall shareholder value.

(iii) achieving optimum capital structure.

(iv) mitigating the effects of short-term market volatility.

(v) enhancing shareholders' confidence.

Buyback Timetable

Avonmore Capital Buyback and CARE Ratings 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. CARE Ratings Buyback Buyback record date is Sep 14, 2022.

	Avonmore Capital & Management Services Limited	CARE Ratings Limited
Record Date	Jun 15, 2022	Sep 14, 2022
Offer Open Date	Jul 04, 2022	Nov 18, 2022
Offer Closure Date	Jul 15, 2022	Dec 01, 2022
Last date for receipt of tender forms	Jul 18, 2022	Dec 03, 2022
Finalisation of buyback	Jul 22, 2022	Dec 09, 2022
Last Date for settlment of bids	Jul 25, 2022	Dec 12, 2022
Last Date for extinguishment of shares	Aug 01, 2022	Dec 19, 2022

Financial Details and Other Relevent Information

Comparison of Avonmore Capital Buyback and CARE Ratings 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

CARE Ratings 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

CARE Ratings Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax
31-Mar-20	275.11	83.48
31-Mar-21	279.74	90.97
31-Mar-22	274.82	76.83
Amount in ₹ Crore

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
Aug-2022	521.80	452.75	484.72
Jul-2022	492.25	410.60	440.55
Jun-2022	485.35	405.35	437.03

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Aug-2022	522.00	452.20	484.75
Jul-2022	492.00	410.15	440.83
Jun-2022	485.00	406.00	437.16

Compare with others

Avonmore Capital & Management Services Limited	CARE Ratings Limited
CARE Ratings Buyback	SIS Limited Buyback
Techno Electric Buyback	TCI Express Buyback
Marksans Pharma Buyback	Granules India Buyback
Bajaj Auto Buyback	Suraj Limited Buyback
Route Mobile Buyback	Quick Heal Technologies Buyback 2022
Birlasoft Limited Buyback	Techno Electric Buyback
CL Educate Buyback	Marksans Pharma Buyback
Cigniti Technologies Buyback	Bajaj Auto Buyback
Zydus Lifesciences Buyback	Route Mobile Buyback
Asahi Songwon Colors Buyback	Avonmore Capital Buyback

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