Cheviot Company Buyback vs James Warren Tea Buyback

Comparison between Cheviot Company Buyback and James Warren Tea Buyback.

Buyback Details

Cheviot Company Buyback is a Tender Offer buyback proposed to list at BSE while James Warren Tea Buyback is a Tender Offer proposed to list at BSE.

 Cheviot Company Ltd.James Warren Tea Ltd.
LogoCheviot Company Buyback LogoJames Warren Tea Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtBSEBSE
Face Value₹10 per share₹10 per share
Buyback Price₹1725 per share₹295 per share
Issue Size2,50,000 shares8,42,717 shares
Issue Size (Amount)₹43.13 Crores₹24.86 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 13 Equity Shares out of every 141 shares held on the record date.
General Category for all other Eligible Shareholders 31 Equity Shares out of every 854 shares held on the record date.
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 103 Equity Shares out of every 602 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 38 Equity Shares out of every 239 fully paid-up Equity Shares held on the Record Date.
RegistrarMaheshwari Datamatics Pvt.Ltd.Maheshwari Datamatics Pvt.Ltd.
Lead ManagersVC Corporate Advisors Pvt.Ltd.Fedex Securities Pvt.Ltd.
Necessity of the buyback

The Buyback aims to :
i) Distribute surplus funds to shareholders and thereby enhance their overall return.
ii) Improve financial ratios like Earnings per share (EPS), Return on assets (ROA) and Return on Equity (ROE).

The Buyback aims to :
i)Optimize returns to shareholders
ii)Enhance overall shareholders value; and
iii) Optimizes the capital structure.

Buyback Timetable

Cheviot Company Buyback and James Warren Tea Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Cheviot Company Buyback Buyback record date is Dec 17, 2021. James Warren Tea Buyback Buyback record date is Jan 14, 2022.

 Cheviot Company Ltd.James Warren Tea Ltd.
Record DateDec 17, 2021Jan 14, 2022
Offer Open DateJan 10, 2022Feb 23, 2022
Offer Closure DateJan 21, 2022Mar 09, 2022
Last date for receipt of tender formsJan 25, 2022Mar 11, 2022
Finalisation of buybackJan 28, 2022Mar 21, 2022
Last Date for settlment of bidsJan 31, 2022Mar 21, 2022
Last Date for extinguishment of sharesFeb 09, 2022Mar 30, 2022

Financial Details and Other Relevent Information

Comparison of Cheviot Company Buyback and James Warren Tea Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Cheviot Company Ltd.James Warren Tea Ltd.
Financial
Summary of financial Information Standalone)
Particulars For the year/period ended (Rs. in Millions)
  30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Income 2,705.19 4,413.03 4,677.62 4,166.73
Profit After Tax 476.14 757.23 481.21 501.78
Net Worth 4,398.25 5,014.98 4,659.72 4,451.81
Reserves and Surplus 4,335.55 4,952.27 4,595.01 4,387.11
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 1,339.76 1,457.94 1,489.75
Profit After Tax 289.60 30.08 40.32
Net Worth 921.27 860.99 1078.92
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 1390.00 1131.00 1224.93
Oct-2021 1305.00 1102.00 1223.67
Sep-2021 1369.95 1250.00 1308.24

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2021 272.75 256.50 261.54
Nov-2021 254.40 198.10 239.96
Oct-2021 214.65 187.80 208.83
Stock price at NSE

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Cheviot Company Buyback and James Warren Tea Buyback