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eClerx Services Limited Buyback vs Gandhi Special Tubes Limited Buyback

Comparison between eClerx Services Limited Buyback and Gandhi Special Tubes Limited Buyback.

Buyback Details

eClerx Services Limited Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Gandhi Special Tubes Limited Buyback is a Tender Offer proposed to list at BSE, NSE.

 eClerx Services Ltd.Gandhi Special Tubes Ltd.
LogoeClerx Services Limited Buyback LogoGandhi Special Tubes Limited Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹10 per share₹5 per share
Buyback Price₹2850 per share₹550 per share
Issue Size10,63,157 shares7,66,616 shares
Issue Size (Amount)₹303.00 Crores₹42.16 Crores
Buyback Ratio
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.
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 1 Equity Shares out of every 8 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 12 Equity Shares out of every 221 fully paid-up Equity Shares held on the Record Date.
RegistrarKfin Technologies Ltd.Kfin Technologies Ltd.
Lead ManagersEmkay Global Financial Services Ltd.Prime Securities Ltd.
Necessity of the buyback

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.

The Buyback aims to :
i) Return surplus cash to the shareholders, thereby, optimizing returns to the shareholders and enhancing the overall shareholders’ value.
ii) Improve Return on Equity, Earnings per share, enhance return on invested capital, and thereby enhance shareholder value in the long term.

Buyback Timetable

eClerx Services Limited Buyback and Gandhi Special Tubes Limited Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. eClerx Services Limited Buyback Buyback record date is Sep 30, 2021. Gandhi Special Tubes Limited Buyback Buyback record date is Aug 31, 2021.

 eClerx Services Ltd.Gandhi Special Tubes Ltd.
Record DateSep 30, 2021Aug 31, 2021
Offer Open DateOct 18, 2021Sep 21, 2021
Offer Closure DateNov 01, 2021Oct 04, 2021
Last date for receipt of tender formsNov 01, 2021Oct 06, 2021
Finalisation of buybackNov 08, 2021Oct 12, 2021
Last Date for settlment of bidsNov 09, 2021Oct 13, 2021
Last Date for extinguishment of sharesNov 12, 2021Oct 20, 2021

Financial Details and Other Relevent Information

Comparison of eClerx Services Limited Buyback and Gandhi Special Tubes 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.

 eClerx Services Ltd.Gandhi Special Tubes Ltd.
Financial
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
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs.in Lakhs)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 11,965.50 8,664.96 13,061.55
Profit After Tax 3,615.23 2,137.28 3,863.13
Net Worth 16,890.22 14,352.80 19,845.45
Reserves and Surplus 16,244.29 13,706.87 19,154.52
Stock price at BSE

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 BSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2021 557.85 432.90 483.73
Jul-2021 500.00 422.30 455.30
Jun-2021 442.05 310.10 374.00
Stock price at NSE

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

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2021 558.85 432.65 483.88
Jul-2021 492.45 423.00 455.38
Jun-2021 441.70 310.05 374.02

Compare with others

eClerx Services Ltd.Gandhi Special Tubes Ltd.
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