Indiamart Intermesh Buyback 2023 vs James Warren Tea Buyback 2023

Comparision 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 Limited

James Warren Tea Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

BSE

Face Value

₹10 per share

Buyback Price

₹4000 per share

₹250 per share

Issue Size

12,50,000 shares

7,00,000 shares

Issue Size (Amount)

₹500.00 Crores

₹17.50 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	7 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 Shareholders	1 Equity Shares out of every 55 Fully paid-up Equity Shares held on the Record Date.	1,062,500.00

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

Link Intime India Private Ltd

Maheshwari Datamatics Pvt. Ltd

Lead Managers

Nuvama Wealth Management Limited

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:

Optimize returns to shareholders,
Enhance overall shareholders' value, and
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 Limited	James Warren Tea Limited
Record Date	Aug 25, 2023	Jul 18, 2023
Offer Open Date	Aug 31, 2023	Jul 24, 2023
Offer Closure Date	Sep 06, 2023	Jul 28, 2023
Last date for receipt of tender forms	Sep 06, 2023	Jul 28, 2023
Finalisation of buyback	Sep 12, 2023	Aug 03, 2023
Last Date for settlment of bids	Sep 13, 2023	Aug 04, 2023
Last Date for extinguishment of shares	Sep 25, 2023	Aug 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 Limited

James Warren Tea Limited

Financial

Indiamart Intermesh Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax
31-Mar-22	2,948.85	865.68	297.62
31-Mar-23	3,444.63	1,165.93	283.83
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	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

Compare with others

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

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