Dhanuka Agritech Buyback vs SP Apparels Buyback

Comparision 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 Limited

S.P. Apparels Ltd

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹2 per share

₹10 per share

Buyback Price

₹850 per share

₹585 per share

Issue Size

10,00,000 shares

6,00,000 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.

Registrar

Bigshare Services Pvt Ltd

Link Intime India Private Ltd

Lead Managers

Sundae Capital Advisors

Motilal Oswal Investment Advisors Limited

Necessity of the buyback

The Buyback is being undertaken for the following reasons:

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.
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 Limited	S.P. Apparels Ltd
Record Date	Nov 18, 2022	Oct 07, 2022
Offer Open Date	Dec 26, 2022	Nov 03, 2022
Offer Closure Date	Jan 06, 2023	Nov 17, 2022
Last date for receipt of tender forms	Jan 09, 2023	Nov 17, 2022
Finalisation of buyback	Jan 16, 2023	Nov 25, 2022
Last Date for settlment of bids	Jan 17, 2023	Nov 28, 2022
Last Date for extinguishment of shares	Jan 24, 2023	Dec 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 Limited

S.P. Apparels Ltd

Financial

Dhanuka Agritech Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	1145.16	141.35	707.58	698.07
31-Mar-21	1421.17	210.56	796.19	786.87
31-Mar-22	1511.36	208.89	960.42	951.1
Amount in ₹ Crore

S.P. Apparels Ltd Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	832.67	46.92	523.22	226.25
31-Mar-21	653.69	43.17	558.38	194.15
31-Mar-22	868.92	84.69	637.77	231.31
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

Compare with others

Dhanuka Agritech Limited	S.P. Apparels Ltd
Balrampur Chini Buyback 2022	Dhanuka Agritech Buyback
Windlas Biotech Buyback 2022	Kaveri Seed Buyback 2022
Orbit Exports Buyback	Garware Technical Fibres Buyback
Jagran Prakashan Buyback 2022	International Conveyors Buyback
Triveni Turbine Buyback	Infosys Buyback 2022
Kaveri Seed Buyback 2022	Shyam Century Ferrous Buyback
Garware Technical Fibres Buyback	Tanla Platforms Buyback 2022
International Conveyors Buyback	Mindteck India Buyback
Infosys Buyback 2022	ACC Limited Buyback
SP Apparels Buyback	SIS Limited Buyback

Comments

Add a public comment...