Cheviot Company Buyback vs MPS Buyback

Comparision between Cheviot Company Buyback and MPS Buyback.

Buyback Details

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

Cheviot Company Limited

MPS Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE

BSE, NSE

Face Value

₹10 per share

Buyback Price

₹1725 per share

₹900 per share

Issue Size

2,50,000 shares

9,44,444 shares

Issue Size (Amount)

₹43.13 Crores

₹85.00 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	15 Equity Shares out of every 82 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	2 Equity Shares out of every 43 Equity Shares held on the Record Date.

Registrar

Maheshwari Datamatics Pvt. Ltd

Cameo Corporate Services Limited

Lead Managers

Vc Corporate Advisors Pvt Ltd (Vcapl)

Ernst & Young Merchant Banking Services Llp

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) Distribute surplus funds to shareholders and thereby enhance their overall return.
ii) Improve financial ratios like earnings per share, return on capital employed, and return on equity, by reducing the equity base of the Company.

Buyback Timetable

Cheviot Company Buyback and MPS 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. MPS Buyback Buyback record date is Dec 17, 2021.

	Cheviot Company Limited	MPS Limited
Record Date	Dec 17, 2021	Dec 17, 2021
Offer Open Date	Jan 10, 2022	Jan 14, 2022
Offer Closure Date	Jan 21, 2022	Jan 28, 2022
Last date for receipt of tender forms	Jan 25, 2022	Jan 31, 2022
Finalisation of buyback	Jan 28, 2022	Feb 08, 2022
Last Date for settlment of bids	Jan 31, 2022	Feb 08, 2022
Last Date for extinguishment of shares	Feb 09, 2022	Feb 15, 2022

Financial Details and Other Relevent Information

Comparison of Cheviot Company Buyback and MPS 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 Limited

MPS Limited

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 Consolidated)
Particulars	For the year/period ended (Rs. in Millions)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	4,324.2	3,516.3	3,878.0
Profit After Tax	585.6	598.6	760.4
Net Worth	3,747.5	3,583.8	4,695.0

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	746.30	674.45	709.27
Oct-2021	745.00	658.30	691.44
Sep-2021	734.00	657.50	695.77

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2021	779.00	675.35	709.71
Oct-2021	746.60	636.05	691.20
Sep-2021	730.00	662.00	696.11

Compare with others

Cheviot Company Limited	MPS Limited
Emami Ltd Buyback	Great Eastern Shipping Buyback
TCS Buyback	Ajanta Pharma Buyback
James Warren Tea Buyback	Cheviot Company Buyback
Great Eastern Shipping Buyback	Weizmann Buyback
Ajanta Pharma Buyback	MOIL Buyback
Weizmann Buyback	AksharChem India Buyback
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

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