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AksharChem India Buyback vs eClerx Services Limited Buyback

Comparison between AksharChem India Buyback and eClerx Services Limited Buyback.

Buyback Details

AksharChem India Buyback is a Tender Offer buyback proposed to list at BSE, NSE while eClerx Services Limited Buyback is a Tender Offer proposed to list at BSE, NSE.

 AksharChem (India) Ltd.eClerx Services Ltd.
LogoAksharChem India Buyback LogoeClerx Services Limited Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹10 per share₹10 per share
Buyback Price₹590 per share₹2850 per share
Issue Size1,69,491 shares10,63,157 shares
Issue Size (Amount)₹10.00 Crores₹303.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 13 Equity Shares out of every 563 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 17 Equity Shares out of every 838 fully paid-up Equity Shares held on the Record Date.
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 13 Equity Shares out of every 74 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 13 Equity Shares out of every 489 fully paid-up Equity Shares held on the Record Date.
RegistrarMUFG Intime India Pvt.Ltd.Kfin Technologies Ltd.
Lead ManagersVivro Financial Services Pvt.Ltd.Emkay Global Financial Services Ltd.
Necessity of the buyback

The Buyback aims to :
i) Distribute surplus funds to shareholders and thereby enhance their overall return.
ii) Improve financial ratios like Earnings per share (EPS), Return on assets (ROA) and Return on Equity (ROE).

The Buyback aims to:
i) help the Company to distribute surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
iii) in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the Company.

Buyback Timetable

AksharChem India Buyback and eClerx Services Limited Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. AksharChem India Buyback Buyback record date is Nov 12, 2021. eClerx Services Limited Buyback Buyback record date is Sep 30, 2021.

 AksharChem (India) Ltd.eClerx Services Ltd.
Record DateNov 12, 2021Sep 30, 2021
Offer Open DateDec 08, 2021Oct 18, 2021
Offer Closure DateDec 21, 2021Nov 01, 2021
Last date for receipt of tender formsDec 21, 2021Nov 01, 2021
Finalisation of buybackDec 29, 2021Nov 08, 2021
Last Date for settlment of bidsDec 30, 2021Nov 09, 2021
Last Date for extinguishment of sharesJan 06, 2022Nov 12, 2021

Financial Details and Other Relevent Information

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

 AksharChem (India) Ltd.eClerx Services Ltd.
Financial
Summary of financial Information standalone)
Particulars For the year/period ended (Rs. in Millions)
  30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Income 1,789.62 2,476.11 2,611.97 3,282.32
Profit After Tax 79.97 125.00 157.22 225.89
Reserves & Surplus 2,756.18 2,705.19 2,571.09 2,489.99
Net Worth 2,883.21 2,787.22 2,653.12 2,572.02
Summary of financial Information standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 12,367.85 11,741.68 11,956.43
Profit After Tax 2,389.04 1,235.71 2,096.13
Net Worth 12,536.81 11,113.07 13,052.03
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2021 613.50 406.25 509.17
Sep-2021 469.00 399.25 425.43
Aug-2021 490.00 386.10 435.56

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2021 2395.05 1977.35 2214.97
Jul-2021 2314.00 1950.00 2146.70
Jun-2021 1915.30 1231.50 1592.23
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2021 613.70 404.30 508.70
Sep-2021 468.00 399.10 425.24
Aug-2021 490.00 385.00 436.17

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2021 2392.80 1951.05 2212.54
Jul-2021 2279.80 1955.00 2147.26
Jun-2021 1938.55 1231.05 1594.74

Compare with others

AksharChem (India) Ltd.eClerx Services Ltd.
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Compare:

AksharChem India Buyback and eClerx Services Limited Buyback