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Freshtrop Fruits Buyback vs NALCO Buyback

Comparison between Freshtrop Fruits Buyback and NALCO Buyback.

Buyback Details

Freshtrop Fruits Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE while NALCO Buyback is a Tender Offer proposed to list at BSE, NSE.

 Freshtrop Fruits Ltd.National Aluminium Company Ltd.
LogoFreshtrop Fruits Buyback LogoNALCO Buyback Logo
Type of BuybackOpen Market Through Stock ExchangeTender Offer
Listing AtBSEBSE, NSE
Face Value₹10 per share₹5 per share
Buyback Price₹90 per share₹57.5 per share
Issue Size13,02,79,083 shares
Issue Size (Amount)₹6.75 Crores₹749.10 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 23 Equity Shares out of every 195 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 37 Equity Shares out of every 568 Equity Shares held on the Record Date.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Lead ManagersChartered Capital & Investment Ltd.IDBI Capital Markets & Securities Ltd.
Necessity of the buyback

The Buyback is undertaken by the Company to:
i) Optimize returns to shareholders;
ii) Enhance overall shareholders value; and
iii) Optimize the capital structure.

The Buy-back is being undertaken by the Company to:
i) Optimize the capital structure; and
ii) Improve return on equity, by reduction in the equity base.

Buyback Timetable

Freshtrop Fruits Buyback and NALCO Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Freshtrop Fruits Buyback Buyback record date is . NALCO Buyback Buyback record date is Feb 08, 2021.

 Freshtrop Fruits Ltd.National Aluminium Company Ltd.
Record DateFeb 08, 2021
Offer Open DateFeb 10, 2021Feb 25, 2021
Offer Closure DateAug 09, 2021Mar 10, 2021
Last date for receipt of tender formsMar 12, 2021
Finalisation of buybackMar 16, 2021
Last Date for settlment of bidsMar 17, 2021
Last Date for extinguishment of sharesMar 19, 2021

Financial Details and Other Relevent Information

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

 Freshtrop Fruits Ltd.National Aluminium Company Ltd.
Financial
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 1,669.80 1,760.50 1,779.59
Profit After Tax 46.19 137.44 83.04
Net Worth 693.54 764.30 626.64
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs in Crores)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 8,742.42 11,826.48 9,917.74
Profit After Tax 136.23 1,733.69 1,342.19
Net Worth 9,986.50 10,484.94 10,503.95
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2020 75.00 62.10 67.31
Nov-2020 69.75 50.55 60.70
Oct-2020 62.90 55.00 57.90

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2020 45.00 37.40 42.04
Nov-2020 40.20 29.95 34.63
Oct-2020 33.30 29.15 30.80
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2020 45.00 37.35 42.06
Nov-2020 40.20 29.95 34.63
Oct-2020 33.30 29.10 30.78

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Freshtrop Fruits Ltd.National Aluminium Company Ltd.
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Compare:

Freshtrop Fruits Buyback and NALCO Buyback