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Goldiam International Buyback vs Mahalaxmi Rubtech Buyback

Comparison between Goldiam International Buyback and Mahalaxmi Rubtech Buyback.

Buyback Details

Goldiam International Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Mahalaxmi Rubtech Buyback is a Tender Offer proposed to list at BSE.

 Goldiam International Ltd.Mahalaxmi Rubtech Ltd.
LogoGoldiam International Buyback LogoMahalaxmi Rubtech Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE
Face Value₹10 per share₹10 per share
Buyback Price₹1200 per share₹70 per share
Issue Size3,80,000 shares27,00,000 shares
Issue Size (Amount)₹45.60 Crores₹18.90 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 20 Equity Shares out of every 313 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 9 Equity Shares out of every 593 fully paid-up Equity Shares held on the Record Date.
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 25 Equity shares out of every 73 fully paid up Equity shares held on the Record date.
General Category for all other Eligible Shareholders 14 Equity shares out of every 71 fully paid up Equity shares held on the Record date.
RegistrarMUFG Intime India Pvt.Ltd.Cameo Corporate Services Ltd.
Lead ManagersKeynote Financial Services Ltd.Saffron Capital Advisors Pvt.Ltd.
Necessity of the buyback

The Buyback aims to:
i) help the Company to distribute surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
iii) in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the Company.

The Buyback aims to :
ii) Give an option to shareholders to get cash in lieu of Equity Shares to be accepted under the Buyback or choose not to participate and enjoy a resultant increase in their percentage shareholding without additional investment.
iii) The Buyback will help in improving certain key financial ratios of the Company.

Buyback Timetable

Goldiam International Buyback and Mahalaxmi Rubtech Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Goldiam International Buyback Buyback record date is Oct 27, 2021. Mahalaxmi Rubtech Buyback Buyback record date is Aug 27, 2021.

 Goldiam International Ltd.Mahalaxmi Rubtech Ltd.
Record DateOct 27, 2021Aug 27, 2021
Offer Open DateNov 26, 2021Sep 29, 2021
Offer Closure DateDec 09, 2021Oct 12, 2021
Last date for receipt of tender formsDec 09, 2021Oct 15, 2021
Finalisation of buybackDec 17, 2021Oct 22, 2021
Last Date for settlment of bidsDec 20, 2021Oct 25, 2021
Last Date for extinguishment of sharesDec 27, 2021Nov 01, 2021

Financial Details and Other Relevent Information

Comparison of Goldiam International Buyback and Mahalaxmi Rubtech Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Goldiam International Ltd.Mahalaxmi Rubtech Ltd.
Financial
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 2,335.92 1,728.06 1,806.41
Profit After Tax 305.13 190.42 195.79
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 1,393.76 1,811.11 1,866.50
Profit After Tax 61.00 48.16 49.31
Net Worth 940.32 880.91 830.48
Reserves and Surplus 807.12 747.71 697.28
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Sep-2021 1074.00 710.80 861.61
Aug-2021 790.00 584.30 690.16
Jul-2021 620.00 441.00 554.36

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2021 68.75 47.90 58.33
Jun-2021 51.35 48.25 49.80
May-2021 51.10 37.60 44.35
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Sep-2021 1075.00 712.90 861.47
Aug-2021 789.00 595.00 690.09
Jul-2021 617.00 441.00 554.57

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Goldiam International Ltd.Mahalaxmi Rubtech Ltd.
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Compare:

Goldiam International Buyback and Mahalaxmi Rubtech Buyback