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Emami Limited Buyback 2023 vs Godawari Power and Ispat Buyback 2023

Comparision between Emami Limited Buyback 2023 and Godawari Power and Ispat Buyback 2023.

Buyback Details

Emami Limited Buyback 2023 is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Godawari Power and Ispat Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.

  Emami Limited Godawari Power & Ispat Limited
Logo Emami Limited Buyback 2023 Logo Godawari Power and Ispat Buyback 2023 Logo
Type of Buyback Open Market Through Stock Exchange Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹1 per share ₹5 per share
Buyback Price ₹450 per share ₹500 per share
Issue Size 50,00,000 shares
Issue Size (Amount) ₹186.00 Crores ₹250.00 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders3 Equity Shares out of every 29 Fully paid-up Equity Shares held on the Record Date.750,000.00
General Category for all other Eligible Shareholders11 Equity Shares out of every 346 Fully paid-up Equity Shares held on the Record Date.4,250,000.00
Registrar Maheshwari Datamatics Pvt. Ltd Link Intime India Private Ltd
Lead Managers Iifl Securities Ltd Mark Corporate Advisors Private Limited
Necessity of the buyback

The Buyback aims to:
i) Return surplus cash to its Shareholders.
ii) Reduce the outstanding number of equity shares and consequently increase earnings per share and book value per share.
iii) Improve key return ratios like return on equity capital.

The Buyback is being undertaken 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.
  2. The buyback will help the company to optimize its capital structure.
  3. The buyback consists of a reservation for the small shareholder. The company believes that this reservation for small shareholders would benefit many public shareholders who would be classified as "small shareholders".
  4. The buyback may help in improving financial ratios like earnings per share, return on capital employed, and return on equity, by reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
  5. The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer.

Buyback Timetable

Emami Limited Buyback 2023 and Godawari Power and Ispat Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Emami Limited Buyback 2023 Buyback record date is . Godawari Power and Ispat Buyback 2023 Buyback record date is Mar 31, 2023.

  Emami Limited Godawari Power & Ispat Limited
Record Date Mar 31, 2023
Offer Open Date Apr 13, 2023 Apr 10, 2023
Offer Closure Date Jul 06, 2023 Apr 17, 2023
Last date for receipt of tender forms Apr 17, 2023
Finalisation of buyback Apr 21, 2023
Last Date for settlment of bids Apr 24, 2023
Last Date for extinguishment of shares May 04, 2023

Financial Details and Other Relevent Information

Comparison of Emami Limited Buyback 2023 and Godawari Power and Ispat 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.

  Emami Limited Godawari Power & Ispat Limited
Financial
Emami Limited Financial Information (Restated Consolidated)
Period EndedTotal RevenueProfit After TaxNet Worth
31-Mar-202,711.95302.301,823.75
31-Mar-212,950.80454.711,762.65
31-Mar-223,287.28836.672,076.59
Amount in ₹ Crore
Godawari Power & Ispat Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-213,473.553,961.03654.51
31-Mar-224,889.935,428.551,467.31
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2023 443.00 374.90 399.73
Jan-2023 449.20 414.45 430.35
Dec-2022 480.05 408.20 445.89

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2023 404.95 338.00 368.50
Jan-2023 415.15 367.65 398.77
Dec-2022 381.95 313.20 348.80
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2023 443.20 374.80 400.08
Jan-2023 440.80 414.00 429.56
Dec-2022 481.00 410.00 441.93

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2023 404.55 337.85 368.58
Jan-2023 415.40 367.70 398.83
Dec-2022 382.00 306.75 348.93

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