Dhanuka Agritech Buyback vs International Conveyors Buyback

Comparision between Dhanuka Agritech Buyback and International Conveyors Buyback.

Buyback Details

Dhanuka Agritech Buyback is a Tender Offer buyback proposed to list at BSE, NSE while International Conveyors Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

Dhanuka Agritech Limited

International Conveyors Limited

Logo

Type of Buyback

Tender Offer

Open Market Through Stock Exchange

Listing At

BSE, NSE

Face Value

₹2 per share

₹1 per share

Buyback Price

₹850 per share

₹75 per share

Issue Size

10,00,000 shares

Issue Size (Amount)

₹85.00 Crores

₹29.70 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	4 Equity Share out of every 33 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	3 Equity Shares out of every 160 Fully paid-up Equity Shares held on the Record Date.

Registrar

Bigshare Services Pvt Ltd

Maheshwari Datamatics Pvt. Ltd

Lead Managers

Sundae Capital Advisors

Keynote Financial Services Ltd

Necessity of the buyback

The Buyback is being undertaken for the following reasons:

The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
The Buyback may help in improving return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders' value.

The Buyback is being undertaken for the following reasons:

The Board of Directors of the Company is of the view that the Buyback will help the Company effectively utilize its available surplus funds, which is in excess of the amount needed to be retained by the Company for the future growth.

Buyback Timetable

Dhanuka Agritech Buyback and International Conveyors Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Dhanuka Agritech Buyback Buyback record date is Nov 18, 2022. International Conveyors Buyback Buyback record date is .

	Dhanuka Agritech Limited	International Conveyors Limited
Record Date	Nov 18, 2022
Offer Open Date	Dec 26, 2022	Nov 03, 2022
Offer Closure Date	Jan 06, 2023	May 03, 2023
Last date for receipt of tender forms	Jan 09, 2023
Finalisation of buyback	Jan 16, 2023
Last Date for settlment of bids	Jan 17, 2023
Last Date for extinguishment of shares	Jan 24, 2023

Financial Details and Other Relevent Information

Comparison of Dhanuka Agritech Buyback and International Conveyors Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Dhanuka Agritech Limited

International Conveyors Limited

Financial

Dhanuka Agritech Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	1145.16	141.35	707.58	698.07
31-Mar-21	1421.17	210.56	796.19	786.87
31-Mar-22	1511.36	208.89	960.42	951.1
Amount in ₹ Crore

International Conveyors Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Total Borrowing
31-Mar-21	227.92	178.24	16.62	45.51
31-Mar-22	305.13	218.71	16.18	19.31
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Oct-2022	748.00	645.55	703.00
Sep-2022	748.90	630.65	708.70
Aug-2022	725.95	680.80	700.89

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Sep-2022	65.50	54.95	60.19
Aug-2022	61.70	57.15	58.68
Jul-2022	61.20	56.20	58.20

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Oct-2022	742.00	645.60	705.47
Sep-2022	750.00	631.20	704.47
Aug-2022	726.00	680.00	703.80

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Sep-2022	65.60	55.35	60.22
Aug-2022	61.70	57.30	58.72
Jul-2022	61.50	56.25	58.22

Compare with others

Dhanuka Agritech Limited	International Conveyors Limited
Balrampur Chini Buyback 2022	Jagran Prakashan Buyback 2022
Windlas Biotech Buyback 2022	Triveni Turbine Buyback
Orbit Exports Buyback	Dhanuka Agritech Buyback
Jagran Prakashan Buyback 2022	Kaveri Seed Buyback 2022
Triveni Turbine Buyback	Garware Technical Fibres Buyback
Kaveri Seed Buyback 2022	Infosys Buyback 2022
Garware Technical Fibres Buyback	SP Apparels Buyback
International Conveyors Buyback	Shyam Century Ferrous Buyback
Infosys Buyback 2022	Tanla Platforms Buyback 2022
SP Apparels Buyback	Mindteck India Buyback

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