Great Eastern Shipping Buyback vs James Warren Tea Buyback

Comparision between Great Eastern Shipping Buyback and James Warren Tea Buyback.

Buyback Details

Great Eastern Shipping Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while James Warren Tea Buyback is a Tender Offer proposed to list at BSE.

The Great Eastern Shipping Company Limited

James Warren Tea Limited

Logo

Type of Buyback

Open Market Through Stock Exchange

Tender Offer

Listing At

BSE, NSE

BSE

Face Value

₹10 per share

Buyback Price

₹333 per share

₹295 per share

Issue Size

8,42,717 shares

Issue Size (Amount)

₹225.00 Crores

₹24.86 Crores

Buyback Ratio

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.

Registrar

Kfin Technologies Limited

Maheshwari Datamatics Pvt. Ltd

Lead Managers

Kotak Mahindra Capital Company Limited

Fedex Securities Pvt Ltd

Necessity of the buyback

The Buyback aims to :
i) Reduce outstanding number of equity shares and consequently increase earnings per share and book value per share.
ii) Effectively utilize available cash; and
iii) Improve key return ratios like return on equity capital.

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

Buyback Timetable

Great Eastern Shipping 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. Great Eastern Shipping Buyback Buyback record date is . James Warren Tea Buyback Buyback record date is Jan 14, 2022.

	The Great Eastern Shipping Company Limited	James Warren Tea Limited
Record Date		Jan 14, 2022
Offer Open Date	Jan 07, 2022	Feb 23, 2022
Offer Closure Date	Jul 06, 2022	Mar 09, 2022
Last date for receipt of tender forms		Mar 11, 2022
Finalisation of buyback		Mar 21, 2022
Last Date for settlment of bids		Mar 21, 2022
Last Date for extinguishment of shares		Mar 30, 2022

Financial Details and Other Relevent Information

Comparison of Great Eastern Shipping 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.

The Great Eastern Shipping Company Limited

James Warren Tea Limited

Financial

Summary of financial Information (Standalone)
Particulars	For the year/period ended (Rs. in Millions)
	30-Sep-21	31-March-21	31-March-20	31-March-19
Total Income	14,670	28,930	30,910	28,150
Profit After Tax	3,730	10,300	2,810	-190
Net Worth	63,560	60,980	50,670	50,660
Reserves & Surplus	62,090	59,510	49,200	49,150

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	351.80	291.25	325.81
Oct-2021	382.00	311.05	346.46
Sep-2021	379.00	348.75	362.27

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

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2021	352.10	291.30	325.70
Oct-2021	382.25	310.80	346.45
Sep-2021	379.20	351.10	362.46

Compare with others

The Great Eastern Shipping Company Limited	James Warren Tea Limited
K.P.R Mill Buyback	FDC Buyback
Mayur Uniquoters Buyback	K.P.R Mill Buyback
Emami Ltd Buyback	Mayur Uniquoters Buyback
TCS Buyback	Emami Ltd Buyback
James Warren Tea Buyback	TCS Buyback
Ajanta Pharma Buyback	Great Eastern Shipping Buyback
Cheviot Company Buyback	Ajanta Pharma Buyback
Weizmann Buyback	Cheviot Company Buyback
MOIL Buyback	Weizmann Buyback
MPS Buyback	MOIL Buyback

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