Dhanuka Agritech Buyback vs Garware Technical Fibres Buyback

Comparision between Dhanuka Agritech Buyback and Garware Technical Fibres Buyback.

Buyback Details

Dhanuka Agritech Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Garware Technical Fibres Buyback is a Tender Offer proposed to list at BSE, NSE.

Dhanuka Agritech Limited

Garware Technical Fibres Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹2 per share

₹10 per share

Buyback Price

₹850 per share

₹3750 per share

Issue Size

10,00,000 shares

2,40,000 shares

Issue Size (Amount)

₹85.00 Crores

₹90.00 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	3 Equity Share out of every 41 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	1 Equity Shares out of every 99 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

Ambit Private 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, inter-alia, for the following reasons:

1. 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.

2. The Buyback may help in improving the Company's return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders' value.

Buyback Timetable

Dhanuka Agritech Buyback and Garware Technical Fibres 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. Garware Technical Fibres Buyback Buyback record date is Nov 04, 2022.

	Dhanuka Agritech Limited	Garware Technical Fibres Limited
Record Date	Nov 18, 2022	Nov 04, 2022
Offer Open Date	Dec 26, 2022	Dec 05, 2022
Offer Closure Date	Jan 06, 2023	Dec 16, 2022
Last date for receipt of tender forms	Jan 09, 2023	Dec 16, 2022
Finalisation of buyback	Jan 16, 2023	Dec 26, 2022
Last Date for settlment of bids	Jan 17, 2023	Dec 27, 2022
Last Date for extinguishment of shares	Jan 24, 2023	Jan 03, 2023

Financial Details and Other Relevent Information

Comparison of Dhanuka Agritech Buyback and Garware Technical Fibres 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

Garware Technical Fibres Limited

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

Garware Technical Fibres Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	985.27	140.53	739.12	717.24	132.54
31-Mar-21	1069.24	158.4	811.11	790.49	101.81
31-Mar-22	1214.94	164.78	970.59	949.97	79.57
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
Sep-2022	3752.55	3250.25	3491.78
Aug-2022	3560.00	2990.00	3180.46
Jul-2022	3465.00	3000.00	3210.58

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
Sep-2022	3754.85	3300.00	3491.83
Aug-2022	3569.95	2980.00	3179.15
Jul-2022	3432.75	2972.35	3211.51

Compare with others

Dhanuka Agritech Limited	Garware Technical Fibres Limited
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Jagran Prakashan Buyback 2022	Dhanuka Agritech Buyback
Triveni Turbine Buyback	Kaveri Seed Buyback 2022
Kaveri Seed Buyback 2022	International Conveyors Buyback
Garware Technical Fibres Buyback	Infosys Buyback 2022
International Conveyors Buyback	SP Apparels Buyback
Infosys Buyback 2022	Shyam Century Ferrous Buyback
SP Apparels Buyback	Tanla Platforms Buyback 2022

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