Great Eastern Shipping Buyback vs Weizmann Buyback

Comparision between Great Eastern Shipping Buyback and Weizmann Buyback.

Buyback Details

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

The Great Eastern Shipping Company Limited

Weizmann 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

₹60 per share

Issue Size

14,12,515 shares

Issue Size (Amount)

₹225.00 Crores

₹8.48 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	35 Equity Shares out of every 284 shares held on the record date.
General Category for all other Eligible Shareholders	43 Equity Shares out of every 557 shares held on the record date.

Registrar

Kfin Technologies Limited

Bigshare Services Pvt Ltd

Lead Managers

Kotak Mahindra Capital Company Limited

Keynote Financial Services Ltd

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 (EPS), Return on assets (ROA) and Return on Equity (ROE).

Buyback Timetable

Great Eastern Shipping Buyback and Weizmann 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 . Weizmann Buyback Buyback record date is Dec 10, 2021.

	The Great Eastern Shipping Company Limited	Weizmann Limited
Record Date		Dec 10, 2021
Offer Open Date	Jan 07, 2022	Jan 13, 2022
Offer Closure Date	Jul 06, 2022	Jan 27, 2022
Last date for receipt of tender forms		Jan 27, 2022
Finalisation of buyback		Feb 04, 2022
Last Date for settlment of bids		Feb 07, 2022
Last Date for extinguishment of shares		Feb 14, 2022

Financial Details and Other Relevent Information

Comparison of Great Eastern Shipping Buyback and Weizmann 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

Weizmann 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)
	30-Sep-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	464.21	982.82	964.82	1,066.67
Profit After Tax	-0.89	49.22	43.20	85.69

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	55.70	50.50	52.86
Oct-2021	65.00	45.75	54.26
Sep-2021	51.65	46.00	47.95

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	55.50	50.60	52.90
Oct-2021	64.40	46.10	54.10
Sep-2021	50.85	45.40	47.89

Compare with others

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

Comments

Add a public comment...