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Cheviot Company Buyback vs MOIL Buyback

Comparison between Cheviot Company Buyback and MOIL Buyback.

Buyback Details

Cheviot Company Buyback is a Tender Offer buyback proposed to list at BSE while MOIL Buyback is a Tender Offer proposed to list at BSE, NSE.

 Cheviot Company Ltd.MOIL Ltd.
LogoCheviot Company Buyback LogoMOIL Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtBSEBSE, NSE
Face Value₹10 per share₹10 per share
Buyback Price₹1725 per share₹205 per share
Issue Size2,50,000 shares3,38,42,668 shares
Issue Size (Amount)₹43.13 Crores₹693.77 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 13 Equity Shares out of every 141 shares held on the record date.
General Category for all other Eligible Shareholders 31 Equity Shares out of every 854 shares held on the record date.
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 123 Equity Shares out of every 625 shares held on the record date.
General Category for all other Eligible Shareholders 99 Equity Shares out of every 728 shares held on the record date.
RegistrarMaheshwari Datamatics Pvt.Ltd.Bigshare Services Pvt.Ltd.
Lead ManagersVC Corporate Advisors Pvt.Ltd.IDBI Capital Markets & Securities Ltd.
Necessity of the buyback

The Buyback aims to :
i) Distribute surplus funds to shareholders and thereby enhance their overall return.
ii) Improve financial ratios like Earnings per share (EPS), Return on assets (ROA) and Return on Equity (ROE).

The Buyback aims to :
i) Reduce outstanding number of equity shares and consequently increase earnings per share and book value per share.
ii) Effectively utilize available cash; and
iii) Improve key return ratios like return on equity capital.

Buyback Timetable

Cheviot Company Buyback and MOIL Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Cheviot Company Buyback Buyback record date is Dec 17, 2021. MOIL Buyback Buyback record date is Dec 31, 2021.

 Cheviot Company Ltd.MOIL Ltd.
Record DateDec 17, 2021Dec 31, 2021
Offer Open DateJan 10, 2022Jan 28, 2022
Offer Closure DateJan 21, 2022Feb 10, 2022
Last date for receipt of tender formsJan 25, 2022Feb 12, 2022
Finalisation of buybackJan 28, 2022Feb 18, 2022
Last Date for settlment of bidsJan 31, 2022Feb 21, 2022
Last Date for extinguishment of sharesFeb 09, 2022Feb 28, 2022

Financial Details and Other Relevent Information

Comparison of Cheviot Company Buyback and MOIL Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Cheviot Company Ltd.MOIL Ltd.
Financial
Summary of financial Information Standalone)
Particulars For the year/period ended (Rs. in Millions)
  30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Income 2,705.19 4,413.03 4,677.62 4,166.73
Profit After Tax 476.14 757.23 481.21 501.78
Net Worth 4,398.25 5,014.98 4,659.72 4,451.81
Reserves and Surplus 4,335.55 4,952.27 4,595.01 4,387.11
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 12,798.5 12,191.8 16,314.8
Profit After Tax 1,766.3 2,482.2 4,739.0
Reserves & Surplus 25,825.7 2,5260.6 28,251.0
Net Worth 28,199.0 27,633.9 30,827.1
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 1390.00 1131.00 1224.93
Oct-2021 1305.00 1102.00 1223.67
Sep-2021 1369.95 1250.00 1308.24

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 179.80 156.35 170.92
Oct-2021 174.55 154.70 164.37
Sep-2021 181.30 156.25 165.23
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 179.80 157.15 170.96
Oct-2021 174.70 154.50 164.36
Sep-2021 181.50 156.15 165.22

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Compare:

Cheviot Company Buyback and MOIL Buyback