Cosmo First Buyback vs KAMA Holdings Buyback

Comparison between Cosmo First Buyback and KAMA Holdings Buyback.

Buyback Details

Cosmo First Buyback is a Tender Offer buyback proposed to list at BSE, NSE while KAMA Holdings Buyback is a Tender Offer proposed to list at BSE.

 Cosmo First Ltd.KAMA Holdings Ltd.
LogoCosmo First Buyback LogoKAMA Holdings Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE
Face Value₹10 per share₹10 per share
Buyback Price₹1070 per share₹14500 per share
Issue Size10,09,345 shares34,500 shares
Issue Size (Amount)₹108.00 Crores₹50.03 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders8 Equity Shares out of every 121 Fully paid-up Equity Shares held on the Record Date.151,402.00
General Category for all other Eligible Shareholders29 Equity Shares out of every 844 Fully paid-up Equity Shares held on the Record Date.857,943.00
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders15 Equity Shares out of every 47 Fully paid-up Equity Shares held on the Record Date.5,175.00
General Category for all other Eligible Shareholders2 Equity Shares out of every 439 Fully paid-up Equity Shares held on the Record Date.29,325.00
RegistrarMUFG Intime India Pvt.Ltd.Kfin Technologies Ltd.
Lead ManagersAnand Rathi Advisors Ltd.SBI Capital Markets Ltd.
Necessity of the buyback

The buyback is being undertaken for the following reason:

  • The Buyback will improve financial ratios like earnings per share, return on capital employed and return on equity, calculated on the basis of financial statements, by reduction in the equity basis of the Company, thereby leading to long term increase in shareholders' value.
  • The Buyback will help in achieving an optimal capital structure.
  • The Buyback will help the Company to distribute surplus cash to the Eligible Shareholders broadly in proportion to their shareholding, thereby, enhancing their overall return.

The Buyback is being proposed by the company for the following benefits:

  1. The Buyback will improve financial ratios like earnings per share, return on capital employed, and return on equity, calculated based on financial statements, by a reduction in the equity base of the Company, thereby leading to a long-term increase in shareholders' value.
  2. The Buyback will help in achieving an optimal capital structure.
  3. The Buyback gives an option to the Eligible Shareholders to either (i) choose to participate and get cash instead of Equity Shares to be accepted under the Buyback or (ii) choose to not participate and enjoy a resultant increase in their percentage shareholding, post Buyback, without additional investment.

Buyback Timetable

Cosmo First Buyback and KAMA Holdings Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Cosmo First Buyback Buyback record date is Dec 14, 2022. KAMA Holdings Buyback Buyback record date is Dec 23, 2022.

 Cosmo First Ltd.KAMA Holdings Ltd.
Record DateDec 14, 2022Dec 23, 2022
Offer Open DateJan 27, 2023Jan 31, 2023
Offer Closure DateFeb 09, 2023Feb 13, 2023
Last date for receipt of tender formsFeb 09, 2023Feb 13, 2023
Finalisation of buybackFeb 17, 2023Feb 21, 2023
Last Date for settlment of bidsFeb 20, 2023Feb 22, 2023
Last Date for extinguishment of sharesFeb 27, 2023Mar 01, 2023

Financial Details and Other Relevent Information

Comparison of Cosmo First Buyback and KAMA Holdings Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Cosmo First Ltd.KAMA Holdings Ltd.
Financial
Cosmo First Limited Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202222.99113.44726.63707.19789.45
31-Mar-212322.92136841.19823.02760.29
31-Mar-223086.71396.611175.431157.26810.05
30-Sep-221638.91166.531332.61305.34839.16
Amount in ₹ Crore
KAMA Holdings Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-2113280.798499.911196.62
31-Mar-2216210.5312588.241888.86
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 814.20 657.95 738.71
Oct-2022 899.30 728.05 812.91
Sep-2022 929.90 837.05 880.26

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 13997.50 12085.25 13053.04
Oct-2022 13566.90 12353.05 12859.01
Sep-2022 14600.00 12250.05 13113.94
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 815.00 658.10 738.94
Oct-2022 895.55 728.80 812.42
Sep-2022 925.00 837.00 880.57

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Cosmo First Buyback and KAMA Holdings Buyback