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Atul Buyback 2023 vs Elegant Marbles & Grani Industries Buyback 2023

Comparision between Atul Buyback 2023 and Elegant Marbles & Grani Industries Buyback 2023.

Buyback Details

Atul Buyback 2023 is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Elegant Marbles & Grani Industries Buyback 2023 is a Tender Offer proposed to list at BSE.

  Atul Limited Elegant Marbles & Grani Industries
Logo Atul Buyback 2023 Logo Elegant Marbles & Grani Industries Buyback 2023 Logo
Type of Buyback Open Market Through Stock Exchange Tender Offer
Listing At BSE, NSE BSE
Face Value ₹10 per share ₹10 per share
Buyback Price ₹7500 per share ₹385 per share
Issue Size 6,97,000 shares
Issue Size (Amount) ₹50.00 Crores ₹26.83 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders86 Equity Shares out of every 353 Fully paid-up Equity Shares held on the Record Date.104,550.00
General Category for all other Eligible Shareholders161 Equity Shares out of every 878 Fully paid-up Equity Shares held on the Record Date.529,450.00
Registrar Link Intime India Private Ltd Link Intime India Private Ltd
Lead Managers Vivro Financial Services Private Limited Sundae Capital Advisors
Necessity of the buyback

The buyback is being undertaken by the company to return the surplus funds to the equity shareholders of the company additionally the company believes that the buyback will improve the earnings per share by reduction in the equity base, thereby leading to a long term increase in the value of shareholders.

The Board is of the view that the proposed Buyback will help the Company achieve the following objectives

  1. Optimize returns to shareholders;
  2. Enhance overall shareholders value and
  3. Optimizes the capital structure. The above objectives will be achieved by returning part of surplus cash to shareholders through the Buyback process. This may lead to reduction in outstanding Equity Shares, improvement in earnings per Equity Share and enhanced return on invested capital.

Buyback Timetable

Atul Buyback 2023 and Elegant Marbles & Grani Industries Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Atul Buyback 2023 Buyback record date is . Elegant Marbles & Grani Industries Buyback 2023 Buyback record date is Jan 05, 2024.

  Atul Limited Elegant Marbles & Grani Industries
Record Date Jan 05, 2024
Offer Open Date Nov 21, 2023 Jan 11, 2024
Offer Closure Date Feb 23, 2024 Jan 17, 2024
Last date for receipt of tender forms Jan 19, 2024
Finalisation of buyback
Last Date for settlment of bids Jan 24, 2024
Last Date for extinguishment of shares Feb 05, 2024

Financial Details and Other Relevent Information

Comparison of Atul Buyback 2023 and Elegant Marbles & Grani Industries Buyback 2023 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Atul Limited Elegant Marbles & Grani Industries
Financial

Atul Limited Financial Information (Restated)

Atul Limited's revenue increased by 3.51% and profit after tax (PAT) dropped by -9.12% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets5,430.905,350.636.316.40
Revenue5,261.225,082.8236.1639.83
Profit After Tax552.15607.5345.8738.49
Net Worth
Reserves and Surplus
Total Borrowing
Amount in ₹ Crore

Elegant Marbles & Grani Industries Financial Information (Restated Standalone)

Elegant Marbles & Grani Industries's revenue increased by 26.93% and profit after tax (PAT) rose by 13.02% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets
Revenue17.6937.8529.8211.95
Profit After Tax2.603.042.69-0.79
Net Worth140.82105.96105.5091.42
Reserves and Surplus137.16102.30101.8487.76
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2023 7060.00 6140.00 6674.89
Sep-2023 7586.95 6932.00 7314.09
Aug-2023 7349.90 6656.45 7022.06

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2023 333.80 187.00 316.33
Oct-2023 208.70 170.35 185.96
Oct-2023 186.85 160.00 172.24
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2023 7060.20 6120.20 6618.15
Sep-2023 7589.90 6917.40 7283.50
Aug-2023 7350.00 6660.10 7032.32

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