BSE Buyback July 2023 vs James Warren Tea Buyback 2023

Comparision between BSE Buyback July 2023 and James Warren Tea Buyback 2023.

Buyback Details

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

BSE Limited

James Warren Tea Limited

Logo

Type of Buyback

Tender Offer

Listing At

NSE

BSE

Face Value

₹2 per share

₹10 per share

Buyback Price

₹1080 per share

₹250 per share

Issue Size

34,70,370 shares

7,00,000 shares

Issue Size (Amount)

₹374.80 Crores

₹17.50 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	1 Equity Shares out of every 26 Fully paid-up Equity Shares held on the Record Date.	520,556.00
General Category for all other Eligible Shareholders	2 Equity Shares out of every 83 Fully paid-up Equity Shares held on the Record Date.	2,949,814.00

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	7 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 Shareholders	7 Equity Shares out of every 44 Fully paid-up Equity Shares held on the Record Date.	584,785.00

Registrar

Kfin Technologies Limited

Maheshwari Datamatics Pvt. Ltd

Lead Managers

Nuvama Wealth Management Limited

Fedex Securities Pvt Ltd

Necessity of the buyback

The proposed Buy-back will help the Company achieve the following objectives:

To return surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
The Buy Back, which is being implemented through the tender offer involving a reservation for Small Shareholders of 15%. The Company believes that this reservation of 15% for Small Shareholders would benefit a large number of public shareholders.
The Buy Back may help in improving return on equity.
The Buy Back gives an option to the shareholders holding Equity Shares of the Company, to either choose to participate and get cash in lieu of Equity Shares or choose not to participate and enjoy a resultant increase in their percentage shareholding.

The buyback will help the company achieve the following objectives:

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

Buyback Timetable

BSE Buyback July 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. BSE Buyback July 2023 Buyback record date is Sep 14, 2023. James Warren Tea Buyback 2023 Buyback record date is Jul 18, 2023.

	BSE Limited	James Warren Tea Limited
Record Date	Sep 14, 2023	Jul 18, 2023
Offer Open Date	Sep 21, 2023	Jul 24, 2023
Offer Closure Date	Sep 27, 2023	Jul 28, 2023
Last date for receipt of tender forms	Sep 27, 2023	Jul 28, 2023
Finalisation of buyback	Oct 04, 2023	Aug 03, 2023
Last Date for settlment of bids	Oct 05, 2023	Aug 04, 2023
Last Date for extinguishment of shares	Oct 16, 2023	Aug 14, 2023

Financial Details and Other Relevent Information

Comparison of BSE Buyback July 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.

BSE Limited

James Warren Tea Limited

Financial

BSE Buyback July 2023 Financial Information (Restated Consolidated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	4,475.77	4,627.08	6,185.40	5,993.81
Revenue	630.00	654.65	863.53	953.94
Profit After Tax	120.61	141.70	244.93	205.65
Net Worth
Reserves and Surplus	2,406.39	2,473.64	2,613.13	2,648.25
Total Borrowing

Amount in ₹ Crore

James Warren Teo Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Reserves and Surplus
31-Mar-18	153.18	121.10	-2.53	94.97
31-Mar-19	167.56	148.98	4.03	98.59
31-Mar-20	138.69	145.79	3.01	79.12
31-Mar-21	145.71	133.98	28.96	86.88
31-Mar-22	130.79	116.44	8.25	67.54
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2023	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
Aug-2023	1084.90	804.00	893.05
Jul-2023	814.00	611.75	733.72
Jun-2023	624.30	551.45	579.01

Compare with others

BSE Limited	James Warren Tea Limited
Larsen & Toubro Buyback 2023	Control Print (India) Buyback 2023
Aarti Drugs Buyback 2023	Piramal Enterprises Buyback 2023
Indiamart Intermesh Buyback 2023	Larsen & Toubro Buyback 2023
James Warren Tea Buyback 2023	Aarti Drugs Buyback 2023
Goldiam International Buyback 2023	Indiamart Intermesh Buyback 2023
Amrutanjan Health Care Buyback 2023	Goldiam International Buyback 2023
Axita Cotton Buyback 2023	BSE Buyback July 2023
Welspun India Buyback 2023	Amrutanjan Health Care Buyback 2023
Wipro Buyback 2023	Axita Cotton Buyback 2023
Ashiana Housing Buyback 2023	Welspun India Buyback 2023

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