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Jagran Prakashan Buyback vs NALCO Buyback

Comparision between Jagran Prakashan Buyback and NALCO Buyback.

Buyback Details

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

  Jagran Prakashan Limited National Aluminium Company Limited
Logo Jagran Prakashan Buyback Logo NALCO Buyback Logo
Type of Buyback Open Market Through Stock Exchange Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹2 per share ₹5 per share
Buyback Price ₹60 per share ₹57.5 per share
Issue Size 13,02,79,083 shares
Issue Size (Amount) ₹118.00 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.
Registrar Kfin Technologies Limited Kfin Technologies Limited
Lead Managers Ernst & Young Merchant Banking Services Llp Idbi Capital Market Services Limited
Necessity of the buyback

The Buy-back is being undertaken by the Company to:
i) Optimize returns to shareholders;
ii) Enhance overall shareholders' value;
iii) To return surplus cash to its shareholders; and
iv) To improve return on equity, by reduction in the equity base;

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

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

  Jagran Prakashan Limited National Aluminium Company Limited
Record Date Feb 08, 2021
Offer Open Date Mar 08, 2021 Feb 25, 2021
Offer Closure Date Sep 07, 2021 Mar 10, 2021
Last date for receipt of tender forms Mar 12, 2021
Finalisation of buyback Mar 16, 2021
Last Date for settlment of bids Mar 17, 2021
Last Date for extinguishment of shares Mar 19, 2021

Financial Details and Other Relevent Information

Comparison of Jagran Prakashan 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.

  Jagran Prakashan Limited National Aluminium Company Limited
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 17,898.73 19,650.07 19,247.38
Profit After Tax 2,622.83 2,199.12 2,660.13
Net Worth 13,717.20 13,399.97 15,213.14
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
Feb-2021 60.30 39.90 46.90
Jan-2021 46.80 39.70 43.52
Dec-2020 46.95 39.05 42.93

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
Feb-2021 60.40 40.30 46.89
Jan-2021 46.70 39.15 43.54
Dec-2020 46.90 39.10 42.90

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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