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Indiamart Intermesh Buyback 2023 vs James Warren Tea Buyback 2023

Comparison between Indiamart Intermesh Buyback 2023 and James Warren Tea Buyback 2023.

Buyback Details

Indiamart Intermesh Buyback 2023 is a Tender Offer buyback proposed to list at BSE, NSE while James Warren Tea Buyback 2023 is a Tender Offer proposed to list at BSE.

 Indiamart Intermesh Ltd.James Warren Tea Ltd.
LogoIndiamart Intermesh Buyback 2023 LogoJames Warren Tea Buyback 2023 Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE
Face Value₹10 per share₹10 per share
Buyback Price₹4000 per share₹250 per share
Issue Size12,50,000 shares7,00,000 shares
Issue Size (Amount)₹500.00 Crores₹17.50 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders7 Equity Shares out of every 85 Fully paid-up Equity Shares held on the Record Date.187,500.00
General Category for all other Eligible Shareholders1 Equity Shares out of every 55 Fully paid-up Equity Shares held on the Record Date.1,062,500.00
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders7 Equity Shares out of every 44 Fully paid-up Equity Shares held on the Record Date.115,215.00
General Category for all other Eligible Shareholders7 Equity Shares out of every 44 Fully paid-up Equity Shares held on the Record Date.584,785.00
RegistrarMUFG Intime India Pvt.Ltd.Maheshwari Datamatics Pvt.Ltd.
Lead ManagersNuvama Wealth Management Ltd.Fedex Securities Pvt.Ltd.
Necessity of the buyback

The Buyback is being undertaken for the following reasons:

  • Taking into account the operational and strategic cash requirements of the Company in the medium term (including investment in growth plans and associated capital expenditure) and cash reserves, the Company considers appropriate to return surplus funds to the shareholders in an effective and efficient manner. Further, the Buyback will promote capital efficiency and thereby increasing shareholders' value and improving return on equity.
  • The Buyback gives an option to the Eligible Shareholders (as defined below) to either (A) participate in the Buyback and receive cash in lieu of their Equity Shares which are accepted under the Buyback, or (B) not to participate in the Buyback and get a resultant increase in their percentage shareholding in the Company post the Buyback, without additional investment.

The buyback will help the company achieve the following objectives:

  1. Optimize returns to shareholders,
  2. Enhance overall shareholders' value, and 
  3. Optimize the capital structure.

Buyback Timetable

Indiamart Intermesh Buyback 2023 and James Warren Tea Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Indiamart Intermesh Buyback 2023 Buyback record date is Aug 25, 2023. James Warren Tea Buyback 2023 Buyback record date is Jul 18, 2023.

 Indiamart Intermesh Ltd.James Warren Tea Ltd.
Record DateAug 25, 2023Jul 18, 2023
Offer Open DateAug 31, 2023Jul 24, 2023
Offer Closure DateSep 06, 2023Jul 28, 2023
Last date for receipt of tender formsSep 06, 2023Jul 28, 2023
Finalisation of buybackSep 12, 2023Aug 03, 2023
Last Date for settlment of bidsSep 13, 2023Aug 04, 2023
Last Date for extinguishment of sharesSep 25, 2023Aug 14, 2023

Financial Details and Other Relevent Information

Comparison of Indiamart Intermesh Buyback 2023 and James Warren Tea 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.

 Indiamart Intermesh Ltd.James Warren Tea Ltd.
Financial
Indiamart Intermesh Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-222,948.85865.68297.62
31-Mar-233,444.631,165.93283.83
Amount in ₹ Crore
James Warren Teo Limited Financial Information (Restated Standalone)
Period EndedTotal AssetsTotal RevenueProfit After TaxReserves and Surplus
31-Mar-18153.18121.10-2.5394.97
31-Mar-19167.56148.984.0398.59
31-Mar-20138.69145.793.0179.12
31-Mar-21145.71133.9828.9686.88
31-Mar-22130.79116.448.2567.54
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2023 3205.00 2612.65 2885.62
Jun-2023 5965.00 2783.55 4774.53
May-2023 6101.00 5331.70 5736.02

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2023 242.80 240.70 241.78
Jun-2023 246.30 239.05 242.89
May-2023 288.85 238.25 267.82
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2023 3335.55 2611.40 2886.08
Jun-2023 5969.00 2781.65 4774.59
May-2023 6097.00 5327.05 5736.63

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Indiamart Intermesh Ltd.James Warren Tea Ltd.
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Compare:

Indiamart Intermesh Buyback 2023 and James Warren Tea Buyback 2023