Great Eastern Shipping Buyback vs MPS Buyback

Comparision between Great Eastern Shipping Buyback and MPS Buyback.

Buyback Details

Great Eastern Shipping Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while MPS Buyback is a Tender Offer proposed to list at BSE, NSE.

The Great Eastern Shipping Company Limited

MPS Limited

Logo

Type of Buyback

Open Market Through Stock Exchange

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

Buyback Price

₹333 per share

₹900 per share

Issue Size

9,44,444 shares

Issue Size (Amount)

₹225.00 Crores

₹85.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	15 Equity Shares out of every 82 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	2 Equity Shares out of every 43 Equity Shares held on the Record Date.

Registrar

Kfin Technologies Limited

Cameo Corporate Services Limited

Lead Managers

Kotak Mahindra Capital Company Limited

Ernst & Young Merchant Banking Services Llp

Necessity of the buyback

The Buyback aims to :
i) Reduce outstanding number of equity shares and consequently increase earnings per share and book value per share.
ii) Effectively utilize available cash; and
iii) Improve key return ratios like return on equity capital.

The Buyback aims to:
i) Distribute surplus funds to shareholders and thereby enhance their overall return.
ii) Improve financial ratios like earnings per share, return on capital employed, and return on equity, by reducing the equity base of the Company.

Buyback Timetable

Great Eastern Shipping Buyback and MPS Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Great Eastern Shipping Buyback Buyback record date is . MPS Buyback Buyback record date is Dec 17, 2021.

	The Great Eastern Shipping Company Limited	MPS Limited
Record Date		Dec 17, 2021
Offer Open Date	Jan 07, 2022	Jan 14, 2022
Offer Closure Date	Jul 06, 2022	Jan 28, 2022
Last date for receipt of tender forms		Jan 31, 2022
Finalisation of buyback		Feb 08, 2022
Last Date for settlment of bids		Feb 08, 2022
Last Date for extinguishment of shares		Feb 15, 2022

Financial Details and Other Relevent Information

Comparison of Great Eastern Shipping Buyback and MPS Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

The Great Eastern Shipping Company Limited

MPS Limited

Financial

Summary of financial Information (Standalone)
Particulars	For the year/period ended (Rs. in Millions)
	30-Sep-21	31-March-21	31-March-20	31-March-19
Total Income	14,670	28,930	30,910	28,150
Profit After Tax	3,730	10,300	2,810	-190
Net Worth	63,560	60,980	50,670	50,660
Reserves & Surplus	62,090	59,510	49,200	49,150

Summary of financial Information Consolidated)
Particulars	For the year/period ended (Rs. in Millions)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	4,324.2	3,516.3	3,878.0
Profit After Tax	585.6	598.6	760.4
Net Worth	3,747.5	3,583.8	4,695.0

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2021	351.80	291.25	325.81
Oct-2021	382.00	311.05	346.46
Sep-2021	379.00	348.75	362.27

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2021	746.30	674.45	709.27
Oct-2021	745.00	658.30	691.44
Sep-2021	734.00	657.50	695.77

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2021	352.10	291.30	325.70
Oct-2021	382.25	310.80	346.45
Sep-2021	379.20	351.10	362.46

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2021	779.00	675.35	709.71
Oct-2021	746.60	636.05	691.20
Sep-2021	730.00	662.00	696.11

Compare with others

The Great Eastern Shipping Company Limited	MPS Limited
K.P.R Mill Buyback	Great Eastern Shipping Buyback
Mayur Uniquoters Buyback	Ajanta Pharma Buyback
Emami Ltd Buyback	Cheviot Company Buyback
TCS Buyback	Weizmann Buyback
James Warren Tea Buyback	MOIL Buyback
Ajanta Pharma Buyback	AksharChem India Buyback
Cheviot Company Buyback	S H Kelkar Buyback
Weizmann Buyback	Nucleus Software Buyback
MOIL Buyback	Goldiam International Buyback
MPS Buyback	eClerx Services Limited Buyback

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