Dhanuka Agritech Buyback vs Kaveri Seed Buyback 2022

Comparison between Dhanuka Agritech Buyback and Kaveri Seed Buyback 2022.

Buyback Details

Dhanuka Agritech Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Kaveri Seed Buyback 2022 is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

 Dhanuka Agritech Ltd.Kaveri Seed Company Ltd
LogoDhanuka Agritech Buyback LogoKaveri Seed Buyback 2022 Logo
Type of BuybackTender OfferOpen Market Through Stock Exchange
Listing AtBSE, NSEBSE, NSE
Face Value₹2 per share₹2 per share
Buyback Price₹850 per share₹700 per share
Issue Size10,00,000 shares
Issue Size (Amount)₹85.00 Crores₹125.65 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 4 Equity Share out of every 33 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 3 Equity Shares out of every 160 Fully paid-up Equity Shares held on the Record Date.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Lead ManagersSundae Capital Advisors Pvt.Ltd.Bajaj Capital Ltd.
Necessity of the buyback

The Buyback is being undertaken for the following reasons:

  1. The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
  2. The Buyback may help in improving return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders' value.

The buyback is being undertaken for the following reason:

1. The Buy-back is being undertaken by the Company to return surplus funds to the equity shareholders of the Company.

2. The Company believes that the Buy-back will improve return on equity, by reducing in equity base, thereby leading to a long-term increase in the value of shareholders.

Buyback Timetable

Dhanuka Agritech Buyback and Kaveri Seed Buyback 2022 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Dhanuka Agritech Buyback Buyback record date is Nov 18, 2022. Kaveri Seed Buyback 2022 Buyback record date is .

 Dhanuka Agritech Ltd.Kaveri Seed Company Ltd
Record DateNov 18, 2022
Offer Open DateDec 26, 2022Nov 07, 2022
Offer Closure DateJan 06, 2023Dec 27, 2022
Last date for receipt of tender formsJan 09, 2023
Finalisation of buybackJan 16, 2023
Last Date for settlment of bidsJan 17, 2023
Last Date for extinguishment of sharesJan 24, 2023

Financial Details and Other Relevent Information

Comparison of Dhanuka Agritech Buyback and Kaveri Seed Buyback 2022 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Dhanuka Agritech Ltd.Kaveri Seed Company Ltd
Financial
Dhanuka Agritech Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-201145.16141.35707.58698.07
31-Mar-211421.17210.56796.19786.87
31-Mar-221511.36208.89960.42951.1
Amount in ₹ Crore
Kaveri Seed Company Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-211961.861082.05311.211294.281282.62
31-Mar-221880.051011.26212.81262.071250.01
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2022 748.00 645.55 703.00
Sep-2022 748.90 630.65 708.70
Aug-2022 725.95 680.80 700.89

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Sep-2022 498.00 422.55 456.33
Aug-2022 496.95 454.50 474.15
Jul-2022 514.65 477.50 496.27
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2022 742.00 645.60 705.47
Sep-2022 750.00 631.20 704.47
Aug-2022 726.00 680.00 703.80

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Sep-2022 483.95 422.85 457.71
Aug-2022 497.35 454.55 473.36
Jul-2022 514.95 477.65 495.33

Compare with others

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Dhanuka Agritech Buyback and Kaveri Seed Buyback 2022