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AksharChem India Buyback vs Goldiam International Buyback

Comparison between AksharChem India Buyback and Goldiam International Buyback.

Buyback Details

AksharChem India Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Goldiam International Buyback is a Tender Offer proposed to list at BSE, NSE.

 AksharChem (India) Ltd.Goldiam International Ltd.
LogoAksharChem India Buyback LogoGoldiam International Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹10 per share₹10 per share
Buyback Price₹590 per share₹1200 per share
Issue Size1,69,491 shares3,80,000 shares
Issue Size (Amount)₹10.00 Crores₹45.60 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 20 Equity Shares out of every 313 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 9 Equity Shares out of every 593 fully paid-up Equity Shares held on the Record Date.
RegistrarMUFG Intime India Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Lead ManagersVivro Financial Services Pvt.Ltd.Keynote 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 Goldiam International 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. Goldiam International Buyback Buyback record date is Oct 27, 2021.

 AksharChem (India) Ltd.Goldiam International Ltd.
Record DateNov 12, 2021Oct 27, 2021
Offer Open DateDec 08, 2021Nov 26, 2021
Offer Closure DateDec 21, 2021Dec 09, 2021
Last date for receipt of tender formsDec 21, 2021Dec 09, 2021
Finalisation of buybackDec 29, 2021Dec 17, 2021
Last Date for settlment of bidsDec 30, 2021Dec 20, 2021
Last Date for extinguishment of sharesJan 06, 2022Dec 27, 2021

Financial Details and Other Relevent Information

Comparison of AksharChem India Buyback and Goldiam International 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.Goldiam International 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 2,335.92 1,728.06 1,806.41
Profit After Tax 305.13 190.42 195.79
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
Sep-2021 1074.00 710.80 861.61
Aug-2021 790.00 584.30 690.16
Jul-2021 620.00 441.00 554.36
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
Sep-2021 1075.00 712.90 861.47
Aug-2021 789.00 595.00 690.09
Jul-2021 617.00 441.00 554.57

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AksharChem (India) Ltd.Goldiam International Ltd.
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