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BSE Buyback July 2023 vs James Warren Tea Buyback 2023

Comparison 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 Ltd.James Warren Tea Ltd.
LogoBSE Buyback July 2023 LogoJames Warren Tea Buyback 2023 Logo
Type of BuybackTender OfferTender Offer
Listing AtNSEBSE
Face Value₹2 per share₹10 per share
Buyback Price₹1080 per share₹250 per share
Issue Size34,70,370 shares7,00,000 shares
Issue Size (Amount)₹374.80 Crores₹17.50 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders1 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 Shareholders2 Equity Shares out of every 83 Fully paid-up Equity Shares held on the Record Date.2,949,814.00
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
RegistrarKfin Technologies Ltd.Maheshwari Datamatics Pvt.Ltd.
Lead ManagersNuvama Wealth Management Ltd.Fedex Securities Pvt.Ltd.
Necessity of the buyback

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

  1. To return surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
  2. 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.
  3. The Buy Back may help in improving return on equity.
  4. 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:

  1. Optimize returns to shareholders,
  2. Enhance overall shareholders' value, and 
  3. 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 Ltd.James Warren Tea Ltd.
Record DateSep 14, 2023Jul 18, 2023
Offer Open DateSep 21, 2023Jul 24, 2023
Offer Closure DateSep 27, 2023Jul 28, 2023
Last date for receipt of tender formsSep 27, 2023Jul 28, 2023
Finalisation of buybackOct 04, 2023Aug 03, 2023
Last Date for settlment of bidsOct 05, 2023Aug 04, 2023
Last Date for extinguishment of sharesOct 16, 2023Aug 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 Ltd.James Warren Tea Ltd.
Financial
BSE Buyback July 2023 Financial Information (Restated Consolidated)
Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Assets4,475.774,627.086,185.405,993.81
Revenue630.00654.65863.53953.94
Profit After Tax120.61141.70244.93205.65
Net Worth
Reserves and Surplus2,406.392,473.642,613.132,648.25
Total Borrowing
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 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 Ltd.James Warren Tea Ltd.
Larsen & Toubro Buyback 2023Control Print (India) Buyback 2023
Aarti Drugs Buyback 2023Piramal Enterprises Buyback 2023
Indiamart Intermesh Buyback 2023Larsen & Toubro Buyback 2023
James Warren Tea Buyback 2023Aarti Drugs Buyback 2023
Goldiam International Buyback 2023Indiamart Intermesh Buyback 2023
Amrutanjan Health Care Buyback 2023Goldiam International Buyback 2023
Axita Cotton Buyback 2023BSE Buyback July 2023
Welspun India Buyback 2023Amrutanjan Health Care Buyback 2023
Wipro Buyback 2023Axita Cotton Buyback 2023
Ashiana Housing Buyback 2023Welspun India Buyback 2023

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