Dhanuka Agritech Buyback vs International Conveyors Buyback

Comparison between Dhanuka Agritech Buyback and International Conveyors Buyback.

Buyback Details

Dhanuka Agritech Buyback is a Tender Offer buyback proposed to list at BSE, NSE while International Conveyors Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

 Dhanuka Agritech Ltd.International Conveyors Ltd.
LogoDhanuka Agritech Buyback LogoInternational Conveyors Buyback Logo
Type of BuybackTender OfferOpen Market Through Stock Exchange
Listing AtBSE, NSEBSE, NSE
Face Value₹2 per share₹1 per share
Buyback Price₹850 per share₹75 per share
Issue Size10,00,000 shares
Issue Size (Amount)₹85.00 Crores₹29.70 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 4 Equity Share out of every 33 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 3 Equity Shares out of every 160 Fully paid-up Equity Shares held on the Record Date.
RegistrarBigshare Services Pvt.Ltd.Maheshwari Datamatics Pvt.Ltd.
Lead ManagersSundae Capital Advisors Pvt.Ltd.Keynote Financial Services Ltd.
Necessity of the buyback

The Buyback is being undertaken for the following reasons:

  1. The Buyback will help the Company 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 Buyback may help in improving return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders' value.

The Buyback is being undertaken for the following reasons:

The Board of Directors of the Company is of the view that the Buyback will help the Company effectively utilize its available surplus funds, which is in excess of the amount needed to be retained by the Company for the future growth.

Buyback Timetable

Dhanuka Agritech Buyback and International Conveyors Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Dhanuka Agritech Buyback Buyback record date is Nov 18, 2022. International Conveyors Buyback Buyback record date is .

 Dhanuka Agritech Ltd.International Conveyors Ltd.
Record DateNov 18, 2022
Offer Open DateDec 26, 2022Nov 03, 2022
Offer Closure DateJan 06, 2023May 03, 2023
Last date for receipt of tender formsJan 09, 2023
Finalisation of buybackJan 16, 2023
Last Date for settlment of bidsJan 17, 2023
Last Date for extinguishment of sharesJan 24, 2023

Financial Details and Other Relevent Information

Comparison of Dhanuka Agritech Buyback and International Conveyors Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Dhanuka Agritech Ltd.International Conveyors Ltd.
Financial
Dhanuka Agritech Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-201145.16141.35707.58698.07
31-Mar-211421.17210.56796.19786.87
31-Mar-221511.36208.89960.42951.1
Amount in ₹ Crore
International Conveyors Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxTotal Borrowing
31-Mar-21227.92178.2416.6245.51
31-Mar-22305.13218.7116.1819.31
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2022 748.00 645.55 703.00
Sep-2022 748.90 630.65 708.70
Aug-2022 725.95 680.80 700.89

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Sep-2022 65.50 54.95 60.19
Aug-2022 61.70 57.15 58.68
Jul-2022 61.20 56.20 58.20
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2022 742.00 645.60 705.47
Sep-2022 750.00 631.20 704.47
Aug-2022 726.00 680.00 703.80

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Sep-2022 65.60 55.35 60.22
Aug-2022 61.70 57.30 58.72
Jul-2022 61.50 56.25 58.22

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