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Atul Buyback 2023 vs KRBL Buyback 2023

Comparision between Atul Buyback 2023 and KRBL Buyback 2023.

Buyback Details

Atul Buyback 2023 is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while KRBL Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.

  Atul Limited KRBL Limited
Logo Atul Buyback 2023 Logo KRBL Buyback 2023 Logo
Type of Buyback Open Market Through Stock Exchange Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹10 per share ₹1 per share
Buyback Price ₹7500 per share ₹500 per share
Issue Size 65,00,000 shares
Issue Size (Amount) ₹50.00 Crores ₹325.00 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders51 Equity Shares out of every 292 Fully paid-up Equity Shares held on the Record Date.975,000.00
General Category for all other Eligible Shareholders5 Equity Shares out of every 208 Fully paid-up Equity Shares held on the Record Date.5,525,000.00
Registrar Link Intime India Private Ltd Alankit Assignments Ltd
Lead Managers Vivro Financial Services Private Limited Elara Capital (India) Private Limited
Necessity of the buyback

The buyback is being undertaken by the company to return the surplus funds to the equity shareholders of the company additionally the company believes that the buyback will improve the earnings per share by reduction in the equity base, thereby leading to a long term increase in the value of shareholders.

The Buyback is being undertaken for the following reasons:

1. The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares thereby enhancing the overall return for them.

2. The Buyback is generally expected to improve return on equity through distribution of cash and improve earnings per share by reduction in the equity base of the Company, thereby leading to long term increase in shareholders' value.

Buyback Timetable

Atul Buyback 2023 and KRBL Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Atul Buyback 2023 Buyback record date is . KRBL Buyback 2023 Buyback record date is Aug 25, 2023.

  Atul Limited KRBL Limited
Record Date Aug 25, 2023
Offer Open Date Nov 21, 2023 Aug 31, 2023
Offer Closure Date Feb 23, 2024 Sep 06, 2023
Last date for receipt of tender forms Sep 06, 2023
Finalisation of buyback Sep 12, 2023
Last Date for settlment of bids Sep 13, 2023
Last Date for extinguishment of shares Aug 25, 2023

Financial Details and Other Relevent Information

Comparison of Atul Buyback 2023 and KRBL 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.

  Atul Limited KRBL Limited
Financial

Atul Limited Financial Information (Restated)

Atul Limited's revenue increased by 3.51% and profit after tax (PAT) dropped by -9.12% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets5,430.905,350.636.316.40
Revenue5,261.225,082.8236.1639.83
Profit After Tax552.15607.5345.8738.49
Net Worth
Reserves and Surplus
Total Borrowing
Amount in ₹ Crore
KRBL Buyback 2023 Financial Information (Restated Consolidated)
Period Ended31 Mar 202131 Mar 2022
Assets4,627.834,748.02
Revenue4,014.564,253.27
Profit After Tax558.91459.40
Net Worth3,693.004,070.00
Reserves and Surplus
Total Borrowing
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2023 7060.00 6140.00 6674.89
Sep-2023 7586.95 6932.00 7314.09
Aug-2023 7349.90 6656.45 7022.06

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2023 418.85 371.55 398.82
Jul-2023 390.00 335.65 362.41
Jun-2023 376.00 339.00 353.18
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2023 7060.20 6120.20 6618.15
Sep-2023 7589.90 6917.40 7283.50
Aug-2023 7350.00 6660.10 7032.32

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2023 419.00 370.55 399.02
Jul-2023 390.50 335.45 362.41
Jun-2023 376.30 338.90 352.81

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