CARE Ratings Buyback vs Route Mobile Buyback

Comparision between CARE Ratings Buyback and Route Mobile Buyback.

Buyback Details

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

CARE Ratings Limited

Route Mobile Limited

Logo

Type of Buyback

Tender Offer

Open Market Through Stock Exchange

Listing At

BSE, NSE

Face Value

₹10 per share

Buyback Price

₹515 per share

₹1700 per share

Issue Size

23,68,000 shares

Issue Size (Amount)

₹121.95 Crores

₹120.00 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

Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)

Edelweiss Financial Services Ltd

Necessity of the buyback

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.

The buyback is being undertaken for the following reasons:

1. Utilise the available surplus funds, which are in excess of the surplus amount needed to be retained by the company for future growth over a medium term.

2. The Buyback would help in improving the return on equity, based on the consumption that the company would earn similar profits as in the past and increasing shareholder value in the long term.

Buyback Timetable

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

	CARE Ratings Limited	Route Mobile Limited
Record Date	Sep 14, 2022
Offer Open Date	Nov 18, 2022	Jul 11, 2022
Offer Closure Date	Dec 01, 2022	Aug 29, 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 CARE Ratings Buyback and Route Mobile Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

CARE Ratings Limited

Route Mobile Limited

Financial

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

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	2,002.09	1,422.16	968.10
Profit After Tax	170.08	132.76	58.20
Net Worth	1,672.57	652.11	269.38
Reserves and Surplus	1,609.70	594.40	219.38

Stock price at BSE

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 BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Dec-2021	1920.00	1666.00	1770.14
Jan-2022	1935.00	1480.00	1778.20
Feb-2022	1886.60	1396.00	1632.06

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

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Dec-2021	1923.20	1663.25	1770.46
Jan-2022	1935.60	1480.00	1777.95
Feb-2022	1888.90	1396.00	1631.92

Compare with others

CARE Ratings Limited	Route Mobile Limited
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	Bajaj Auto 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	Zydus Lifesciences Buyback

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