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James Warren Tea Buyback 2023 vs Welspun India Buyback 2023

Comparison between James Warren Tea Buyback 2023 and Welspun India Buyback 2023.

Buyback Details

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

 James Warren Tea Ltd.Welspun India Ltd.
LogoJames Warren Tea Buyback 2023 LogoWelspun India Buyback 2023 Logo
Type of BuybackTender OfferTender Offer
Listing AtBSEBSE, NSE
Face Value₹10 per share₹1 per share
Buyback Price₹250 per share₹120 per share
Issue Size7,00,000 shares1,62,50,000 shares
Issue Size (Amount)₹17.50 Crores₹195.00 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 Shareholders5 Equity Shares out of every 81 Fully paid-up Equity Shares held on the Record Date.2,437,500.00
General Category for all other Eligible Shareholders1 Equity Shares out of every 69 Fully paid-up Equity Shares held on the Record Date.13,812,500.00
RegistrarMaheshwari Datamatics Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Lead ManagersFedex Securities Pvt.Ltd.Dam Capital Advisors Ltd.
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 Buy-back is being undertaken for the following reasons:

  1. The Buy-back will help the Company to return surplus cash to its members, holding equity shares, in proportion to their shareholding.
  2. The Buy-back includes a reservation for the small shareholders. The Company believes that this reservation for small shareholders would benefit a large number of public shareholders, who would get classified as "small shareholders".
  3. The Buy-back may help in improving return on equity, by reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
  4. The Buy-back gives an option to the members holding equity shares of the Company, who can choose to participate and get cash in lieu of equity shares or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buy-back.

Buyback Timetable

James Warren Tea Buyback 2023 and Welspun India 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. Welspun India Buyback 2023 Buyback record date is May 10, 2023.

 James Warren Tea Ltd.Welspun India Ltd.
Record DateJul 18, 2023May 10, 2023
Offer Open DateJul 24, 2023May 16, 2023
Offer Closure DateJul 28, 2023May 22, 2023
Last date for receipt of tender formsJul 28, 2023May 22, 2023
Finalisation of buybackAug 03, 2023May 26, 2023
Last Date for settlment of bidsAug 04, 2023May 29, 2023
Last Date for extinguishment of sharesAug 14, 2023Jun 07, 2023

Financial Details and Other Relevent Information

Comparison of James Warren Tea Buyback 2023 and Welspun India 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 Ltd.Welspun India Ltd.
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
Welspun India Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-197,742.286,608.44226.182,779.302,623.551,908.43
31-Mar-208,310.286,836.18524.362,972.102,972.501,684.85
31-Mar-218,677.787,407.95550.793,644.703,516.391,096.19
31-Mar-229,436.859,377.31606.703,971.703,862.031,214.18
31-Mar-238,650.0082,151.00202.5140,878.003,974.85
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
Mar-2023 70.37 62.20 66.47
Feb-2023 73.00 63.60 68.96
Jan-2023 77.65 65.25 72.25
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Mar-2023 70.40 62.00 66.50
Feb-2023 71.85 63.50 69.00
Jan-2023 77.70 66.25 72.29

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James Warren Tea Ltd.Welspun India Ltd.
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