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Dhanuka Agritech Buyback vs SP Apparels Buyback

Comparison between Dhanuka Agritech Buyback and SP Apparels Buyback.

Buyback Details

Dhanuka Agritech Buyback is a Tender Offer buyback proposed to list at BSE, NSE while SP Apparels Buyback is a Tender Offer proposed to list at BSE, NSE.

 Dhanuka Agritech Ltd.S.P. Apparels Ltd
LogoDhanuka Agritech Buyback LogoSP Apparels Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹2 per share₹10 per share
Buyback Price₹850 per share₹585 per share
Issue Size10,00,000 shares6,00,000 shares
Issue Size (Amount)₹85.00 Crores₹35.10 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.
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 2 Equity Share out of every 27 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 1 Equity Shares out of every 48 Fully paid-up Equity Shares held on the Record Date.
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Lead ManagersSundae Capital Advisors Pvt.Ltd.Motilal Oswal Investment Advisors 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 Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares thereby, enhancing the overall return to shareholders.
  • The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by a reduction in the equity base of the Company, thereby leading to a long term increase in shareholders' value.

    • Buyback Timetable

    Dhanuka Agritech Buyback and SP Apparels 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. SP Apparels Buyback Buyback record date is Oct 07, 2022.

     Dhanuka Agritech Ltd.S.P. Apparels Ltd
    Record DateNov 18, 2022Oct 07, 2022
    Offer Open DateDec 26, 2022Nov 03, 2022
    Offer Closure DateJan 06, 2023Nov 17, 2022
    Last date for receipt of tender formsJan 09, 2023Nov 17, 2022
    Finalisation of buybackJan 16, 2023Nov 25, 2022
    Last Date for settlment of bidsJan 17, 2023Nov 28, 2022
    Last Date for extinguishment of sharesJan 24, 2023Dec 05, 2022

    Financial Details and Other Relevent Information

    Comparison of Dhanuka Agritech Buyback and SP Apparels 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.S.P. Apparels 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
    S.P. Apparels Ltd Financial Information (Restated)
    Period EndedTotal RevenueProfit After TaxNet WorthTotal Borrowing
    31-Mar-20832.6746.92523.22226.25
    31-Mar-21653.6943.17558.38194.15
    31-Mar-22868.9284.69637.77231.31
    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
    Aug-2022 463.50 376.10 428.72
    Jul-2022 414.00 359.40 377.24
    Jun-2022 397.50 326.00 359.89
    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
    Aug-2022 463.75 375.30 428.64
    Jul-2022 414.90 360.00 377.40
    Jun-2022 398.00 326.05 359.84

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    Dhanuka Agritech Buyback and SP Apparels Buyback