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Cosmo First Buyback vs eClerx Services Buyback 2022

Comparison between Cosmo First Buyback and eClerx Services Buyback 2022.

Buyback Details

Cosmo First Buyback is a Tender Offer buyback proposed to list at BSE, NSE while eClerx Services Buyback 2022 is a Tender Offer proposed to list at BSE, NSE.

 Cosmo First Ltd.eClerx Services Ltd.
LogoCosmo First Buyback LogoeClerx Services Buyback 2022 Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹10 per share₹10 per share
Buyback Price₹1070 per share₹1750 per share
Issue Size10,09,345 shares17,14,285 shares
Issue Size (Amount)₹108.00 Crores₹300.00 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders8 Equity Shares out of every 121 Fully paid-up Equity Shares held on the Record Date.151,402.00
General Category for all other Eligible Shareholders29 Equity Shares out of every 844 Fully paid-up Equity Shares held on the Record Date.857,943.00
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders7 Equity Shares out of every 46 Fully paid-up Equity Shares held on the Record Date.257,143.00
General Category for all other Eligible Shareholders6 Equity Shares out of every 202 Fully paid-up Equity Shares held on the Record Date.1,457,142.00
RegistrarMUFG Intime India Pvt.Ltd.Kfin Technologies Ltd.
Lead ManagersAnand Rathi Advisors Ltd.Emkay Global Financial Services Ltd.
Necessity of the buyback

The buyback is being undertaken for the following reason:

  • The Buyback will improve financial ratios like earnings per share, return on capital employed and return on equity, calculated on the basis of financial statements, by reduction in the equity basis of the Company, thereby leading to long term increase in shareholders' value.
  • The Buyback will help in achieving an optimal capital structure.
  • The Buyback will help the Company to distribute surplus cash to the Eligible Shareholders broadly in proportion to their shareholding, thereby, enhancing their overall return.

The Buy Back is being proposed by the company for fulfilling the following objectives:

  1. The Buy Back 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 the shareholders.
  2. The Buy Back may help in improving return on equity due to reduction in the equity base, thereby leading to long term increase in shareholder value.
  3. The Buy Back will help in achieving an optimal capital structure.

Buyback Timetable

Cosmo First Buyback and eClerx Services Buyback 2022 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Cosmo First Buyback Buyback record date is Dec 14, 2022. eClerx Services Buyback 2022 Buyback record date is Dec 27, 2022.

 Cosmo First Ltd.eClerx Services Ltd.
Record DateDec 14, 2022Dec 27, 2022
Offer Open DateJan 27, 2023Feb 03, 2023
Offer Closure DateFeb 09, 2023Feb 16, 2023
Last date for receipt of tender formsFeb 09, 2023Feb 16, 2023
Finalisation of buybackFeb 17, 2023Feb 23, 2023
Last Date for settlment of bidsFeb 20, 2023Feb 24, 2023
Last Date for extinguishment of sharesFeb 27, 2023Mar 01, 2023

Financial Details and Other Relevent Information

Comparison of Cosmo First Buyback and eClerx Services Buyback 2022 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Cosmo First Ltd.eClerx Services Ltd.
Financial
Cosmo First Limited Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202222.99113.44726.63707.19789.45
31-Mar-212322.92136841.19823.02760.29
31-Mar-223086.71396.611175.431157.26810.05
30-Sep-221638.91166.531332.61305.34839.16
Amount in ₹ Crore
eClerx Services Limited Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet Worth
31-Mar-201174.17123.571111.31
31-Mar-211230.36238.791182.62
31-Mar-221571.86354.91174.53
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 814.20 657.95 738.71
Oct-2022 899.30 728.05 812.91
Sep-2022 929.90 837.05 880.26

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 1494.25 1297.85 1395.80
Oct-2022 1499.45 1254.15 1336.66
Sep-2022 1545.90 1420.70 1473.07
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 815.00 658.10 738.94
Oct-2022 895.55 728.80 812.42
Sep-2022 925.00 837.00 880.57

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 1494.90 1293.00 1395.38
Oct-2022 1500.00 1254.00 1336.53
Sep-2022 1545.00 1420.00 1472.99

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Cosmo First Ltd.eClerx Services Ltd.
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Compare:

Cosmo First Buyback and eClerx Services Buyback 2022