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Mahalaxmi Rubtech Buyback vs S H Kelkar Buyback

Comparison between Mahalaxmi Rubtech Buyback and S H Kelkar Buyback.

Buyback Details

Mahalaxmi Rubtech Buyback is a Tender Offer buyback proposed to list at BSE while S H Kelkar Buyback is a Tender Offer proposed to list at BSE, NSE.

 Mahalaxmi Rubtech Ltd.S H Kelkar and Company Ltd.
LogoMahalaxmi Rubtech Buyback LogoS H Kelkar Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtBSEBSE, NSE
Face Value₹10 per share₹10 per share
Buyback Price₹70 per share₹210 per share
Issue Size27,00,000 shares29,00,000 shares
Issue Size (Amount)₹18.90 Crores₹60.90 Crores
Buyback Ratio
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.
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 1 Equity Shares out of every 17 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 2 Equity Shares out of every 109 fully paid-up Equity Shares held on the Record Date.
RegistrarCameo Corporate Services Ltd.MUFG Intime India Pvt.Ltd.
Lead ManagersSaffron Capital Advisors Pvt.Ltd.Keynote Financial Services Ltd.
Necessity of the buyback

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.

The Buyback aims to :
i) Reward the shareholders.
ii) Optimize the capital structure

Buyback Timetable

Mahalaxmi Rubtech Buyback and S H Kelkar Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Mahalaxmi Rubtech Buyback Buyback record date is Aug 27, 2021. S H Kelkar Buyback Buyback record date is Nov 12, 2021.

 Mahalaxmi Rubtech Ltd.S H Kelkar and Company Ltd.
Record DateAug 27, 2021Nov 12, 2021
Offer Open DateSep 29, 2021Dec 15, 2021
Offer Closure DateOct 12, 2021Dec 28, 2021
Last date for receipt of tender formsOct 15, 2021Dec 28, 2021
Finalisation of buybackOct 22, 2021Jan 05, 2022
Last Date for settlment of bidsOct 25, 2021Jan 06, 2022
Last Date for extinguishment of sharesNov 01, 2021Jan 13, 2022

Financial Details and Other Relevent Information

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

 Mahalaxmi Rubtech Ltd.S H Kelkar and Company 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 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
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
30-Sep-21 (Unaudited) 31-Mar-21 31-Mar-20 31-Mar-19
Total Income 3,724.90 7,954.40 7,290.00 7,129.20
Profit After Tax 155.90 797.10 319.20 449.70
Net Worth 6,403.70 6,349.70 5,687.30 5,965.50
Reserves and Surplus 4,990.50 4,936.50 4,274.10 4,519.30
Stock price at BSE

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 BSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2021 167.90 142.20 155.30
Sep-2021 175.10 145.20 162.20
Aug-2021 182.00 134.85 155.11
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2021 166.40 142.00 155.28
Sep-2021 175.50 148.25 162.27
Aug-2021 182.20 135.00 155.10

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Compare:

Mahalaxmi Rubtech Buyback and S H Kelkar Buyback