Balrampur Chini Buyback 2022 vs Jagran Prakashan Buyback 2022

Comparison between Balrampur Chini Buyback 2022 and Jagran Prakashan Buyback 2022.

Buyback Details

Balrampur Chini Buyback 2022 is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Jagran Prakashan Buyback 2022 is a Tender Offer proposed to list at BSE, NSE.

 Balrampur Chini Mills Ltd.Jagran Prakashan Ltd
LogoBalrampur Chini Buyback 2022 LogoJagran Prakashan Buyback 2022 Logo
Type of BuybackOpen Market Through Stock ExchangeTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹1 per share₹2 per share
Buyback Price₹360 per share₹75 per share
Issue Size4,60,00,000 shares
Issue Size (Amount)₹145.45 Crores₹345.00 Crores
Buyback Ratio
RegistrarKfin Technologies Ltd.Kfin Technologies Ltd.
Lead ManagersAxis Capital Ltd.Ernst & Young Merchant Banking Services LLP
Necessity of the buyback

The buyback is being undertaken for the following reason:

1.To optimize returns to shareholders.

2. To enhance overall shareholder value.

3. To optimize capital structure.

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.
  • The Buyback may help in improving return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders' value.

Buyback Timetable

Balrampur Chini Buyback 2022 and Jagran Prakashan Buyback 2022 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Balrampur Chini Buyback 2022 Buyback record date is . Jagran Prakashan Buyback 2022 Buyback record date is Jan 06, 2023.

 Balrampur Chini Mills Ltd.Jagran Prakashan Ltd
Record DateJan 06, 2023
Offer Open DateNov 16, 2022Mar 02, 2023
Offer Closure DateMay 15, 2023Mar 16, 2023
Last date for receipt of tender formsMar 18, 2023
Finalisation of buybackMar 24, 2023
Last Date for settlment of bidsMar 27, 2023
Last Date for extinguishment of sharesApr 03, 2023

Financial Details and Other Relevent Information

Comparison of Balrampur Chini Buyback 2022 and Jagran Prakashan Buyback 2022 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Balrampur Chini Mills Ltd.Jagran Prakashan Ltd
Financial
Balrampur Chini Mills Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet Worth
31-Mar-20779.84509.282287.5
31-Mar-214845.11469.772480.44
31-Mar-224893.94514.662673.63
Amount in ₹ Crore
Jagran Prakashan Ltd Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202129.57280.91918.491862.25225.18
31-Mar-211341.278.311995.31939.67287.93
31-Mar-221682.68216.882137.422084.69296.62
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2022 366.95 306.80 343.47
Jan-2022 385.85 335.45 363.80
Jan-2022 404.15 329.00 352.13

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 74.60 64.75 69.48
Oct-2022 69.10 63.25 65.76
Sep-2022 72.50 61.40 65.12
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2022 367.00 307.30 343.73
Jan-2022 385.90 335.15 363.87
Jan-2022 404.50 329.00 352.13

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 74.90 63.10 69.47
Oct-2022 69.45 62.30 65.76
Sep-2022 73.70 60.70 65.16

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