Goldiam International Buyback vs Mahalaxmi Rubtech Buyback

Comparision 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 Limited

Mahalaxmi Rubtech Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

BSE

Face Value

₹10 per share

Buyback Price

₹1200 per share

₹70 per share

Issue Size

3,80,000 shares

27,00,000 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.

Registrar

Link Intime India Private Ltd

Cameo Corporate Services Limited

Lead Managers

Keynote Financial Services Ltd

Saffron Capital Advisors Private Limited

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 Limited	Mahalaxmi Rubtech Limited
Record Date	Oct 27, 2021	Aug 27, 2021
Offer Open Date	Nov 26, 2021	Sep 29, 2021
Offer Closure Date	Dec 09, 2021	Oct 12, 2021
Last date for receipt of tender forms	Dec 09, 2021	Oct 15, 2021
Finalisation of buyback	Dec 17, 2021	Oct 22, 2021
Last Date for settlment of bids	Dec 20, 2021	Oct 25, 2021
Last Date for extinguishment of shares	Dec 27, 2021	Nov 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 Limited

Mahalaxmi Rubtech Limited

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

Compare with others

Goldiam International Limited	Mahalaxmi Rubtech Limited
MOIL Buyback	S H Kelkar Buyback
MPS Buyback	Nucleus Software Buyback
AksharChem India Buyback	Goldiam International Buyback
S H Kelkar Buyback	eClerx Services Limited Buyback
Nucleus Software Buyback	Rishiroop Limited Buyback
eClerx Services Limited Buyback	Star Cement Buyback
Rishiroop Limited Buyback	Gandhi Special Tubes Limited Buyback
Mahalaxmi Rubtech Buyback	Shriram Pistons & Rings Buyback
Star Cement Buyback	Rsystems Buyback
Gandhi Special Tubes Limited Buyback	Kaveri Seed Buyback

Comments

Add a public comment...