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James Warren Tea Buyback 2023 vs Larsen & Toubro Buyback 2023

Comparision between James Warren Tea Buyback 2023 and Larsen & Toubro Buyback 2023.

Buyback Details

James Warren Tea Buyback 2023 is a Tender Offer buyback proposed to list at BSE while Larsen & Toubro Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.

  James Warren Tea Limited Larsen & Toubro Limited
Logo James Warren Tea Buyback 2023 Logo Larsen & Toubro Buyback 2023 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE BSE, NSE
Face Value ₹10 per share ₹2 per share
Buyback Price ₹250 per share ₹3200 per share
Issue Size 7,00,000 shares 3,12,50,000 shares
Issue Size (Amount) ₹17.50 Crores ₹10,000.00 Crores
Buyback Ratio
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
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders9 Equity Shares out of every 38 Fully paid-up Equity Shares held on the Record Date.4,687,500.00
General Category for all other Eligible Shareholders11 Equity Shares out of every 574 Fully paid-up Equity Shares held on the Record Date.26,562,500.00
Registrar Maheshwari Datamatics Pvt. Ltd Kfin Technologies Limited
Lead Managers Fedex Securities Pvt Ltd Jm Financial Limited

Axis Capital Limited
Necessity of the buyback

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.

The Buyback is being undertaken for the following reasons:

1. The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares thereby enhancing the overall return for them.

2. The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by a reduction in the equity base of the Company, thereby leading to a long-term increase in shareholders' value.

Buyback Timetable

James Warren Tea Buyback 2023 and Larsen & Toubro Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. James Warren Tea Buyback 2023 Buyback record date is Jul 18, 2023. Larsen & Toubro Buyback 2023 Buyback record date is Sep 12, 2023.

  James Warren Tea Limited Larsen & Toubro Limited
Record Date Jul 18, 2023 Sep 12, 2023
Offer Open Date Jul 24, 2023 Sep 18, 2023
Offer Closure Date Jul 28, 2023 Sep 25, 2023
Last date for receipt of tender forms Jul 28, 2023 Sep 25, 2023
Finalisation of buyback Aug 03, 2023 Sep 27, 2023
Last Date for settlment of bids Aug 04, 2023 Sep 28, 2023
Last Date for extinguishment of shares Aug 14, 2023 Oct 11, 2023

Financial Details and Other Relevent Information

Comparison of James Warren Tea Buyback 2023 and Larsen & Toubro 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.

  James Warren Tea Limited Larsen & Toubro Limited
Financial
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
Larsen & Toubro Buyback 2023 Financial Information (Restated Standalone)
Period Ended31 Mar 202131 Mar 202231 Mar 202330 Jun 2023
Assets
Revenue90,615.77104,613.06114,535.9327,788.77
Profit After Tax3,147.317,879.457,848.971,792.36
Net Worth61,737.8267,114.0571,527.95
Reserves and Surplus
Total Borrowing
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 BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2023 2687.90 2419.95 2520.89
Jun-2023 2482.95 2202.20 2351.99
May-2023 2416.00 2168.65 2262.49
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2023 2690.00 2420.00 2520.59
Jun-2023 2483.50 2202.15 2352.20
May-2023 2416.35 2168.50 2262.64

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