Bajaj Auto Buyback vs CARE Ratings Buyback

Comparision between Bajaj Auto Buyback and CARE Ratings Buyback.

Buyback Details

Bajaj Auto Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while CARE Ratings Buyback is a Tender Offer proposed to list at BSE, NSE.

Bajaj Auto Limited

CARE Ratings Limited

Logo

Type of Buyback

Open Market Through Stock Exchange

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

Buyback Price

₹4600 per share

₹515 per share

Issue Size

23,68,000 shares

Issue Size (Amount)

₹2,500.00 Crores

₹121.95 Crores

Buyback Ratio

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

Kfin Technologies Limited

Lead Managers

Jm Financial Limited

Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)

Necessity of the buyback

The buyback is being undertaken for the following reasons:

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.

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

Bajaj Auto Buyback and CARE Ratings Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Bajaj Auto Buyback Buyback record date is . CARE Ratings Buyback Buyback record date is Sep 14, 2022.

	Bajaj Auto Limited	CARE Ratings Limited
Record Date		Sep 14, 2022
Offer Open Date	Jul 04, 2022	Nov 18, 2022
Offer Closure Date	Oct 10, 2022	Dec 01, 2022
Last date for receipt of tender forms		Dec 03, 2022
Finalisation of buyback		Dec 09, 2022
Last Date for settlment of bids		Dec 12, 2022
Last Date for extinguishment of shares		Dec 19, 2022

Financial Details and Other Relevent Information

Comparison of Bajaj Auto 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.

Bajaj Auto Limited

CARE Ratings Limited

Financial

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (Rs. in Crore)
	31-Mar-22	31-Mar-21	31-Mar-20
Total Income	34,428.85	29,017.54	31,443.22
Profit After Tax	6,165.87	4,857.02	5,211.91

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
Dec-2021	3341.50	3100.10	3238.03
Jan-2022	3554.75	3275.90	3419.50
Feb-2022	3635.10	3454.60	3552.12

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
Dec-2021	3344.75	3105.20	3238.45
Jan-2022	3564.65	3277.10	3420.08
Feb-2022	3632.15	3458.65	3553.09

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

Bajaj Auto Limited	CARE Ratings Limited
Suraj Limited Buyback	SIS Limited Buyback
Quick Heal Technologies Buyback 2022	TCI Express Buyback
CARE Ratings Buyback	Granules India Buyback
Techno Electric Buyback	Suraj Limited Buyback
Marksans Pharma Buyback	Quick Heal Technologies Buyback 2022
Route Mobile Buyback	Techno Electric Buyback
Avonmore Capital Buyback	Marksans Pharma Buyback
Birlasoft Limited Buyback	Bajaj Auto Buyback
CL Educate Buyback	Route Mobile Buyback
Cigniti Technologies Buyback	Avonmore Capital Buyback

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