Atul Buyback vs Neelamalai Agro Buyback

Comparison between Atul Buyback and Neelamalai Agro Buyback.

Buyback Details

Atul Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Neelamalai Agro Buyback is a Tender Offer proposed to list at BSE.

 Atul Ltd.Neelamalai Agro Industries Ltd.
LogoAtul Buyback LogoNeelamalai Agro Buyback Logo
Type of BuybackOpen Market Through Stock ExchangeTender Offer
Listing AtBSE, NSEBSE
Face Value₹10 per share₹10 per share
Buyback Price₹7250 per share₹1600 per share
Issue Size25,350 shares
Issue Size (Amount)₹50.00 Crores₹4.06 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 1 Equity Shares out of every 8 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 1 Equity Shares out of every 8 Equity Shares held on the Record Date.
RegistrarMUFG Intime India Pvt.Ltd.Cameo Corporate Services Ltd.
Lead ManagersVivro Financial Services Pvt.Ltd.Saffron Capital Advisors Pvt.Ltd.
Necessity of the buyback

The Buy-back is undertaken by the Company:
i) To return surplus funds to the equity shareholders.
ii) To improve earnings per share by reducing the equity base and lead to a long-term increase in the value of shareholders.

The Buy-back is being undertaken by the Company to:
i) Improve key financial ratios;
ii) Return part of surplus cash, back to shareholders ;
iii) Improve earnings per share;
iv) Reduce outstanding shares; and
v) Enhance return on invested capital.

Buyback Timetable

Atul Buyback and Neelamalai Agro Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Atul Buyback Buyback record date is . Neelamalai Agro Buyback Buyback record date is Feb 05, 2021.

 Atul Ltd.Neelamalai Agro Industries Ltd.
Record DateFeb 05, 2021
Offer Open DateFeb 10, 2021Feb 24, 2021
Offer Closure DateAug 09, 2021Mar 09, 2021
Last date for receipt of tender formsMar 09, 2021
Finalisation of buybackMar 18, 2021
Last Date for settlment of bidsMar 19, 2021
Last Date for extinguishment of sharesMar 26, 2021

Financial Details and Other Relevent Information

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

 Atul Ltd.Neelamalai Agro Industries Ltd.
Financial
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Crores)
31-Mar-20 31-Mar-19 31-Mar-19
Total Income 3,983.27 3,947.17 3,186.02
Profit After Tax 640.17 428.64 270.41
Net Worth 3,070.38 2,649.56 2,197.54
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs in Million)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 265.30 379.17 308.64
Profit After Tax 171.40 138.92 120.55
Net Worth 1,677.41 1,560.31 1,434.92
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2021 6791.90 6219.80 6517.29
Dec-2020 6700.00 5951.10 6222.52
Nov-2020 6660.00 5868.00 6269.60

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2020 1487.25 1349.00 1418.13
Nov-2020 1287.70 1009.00 1148.35
Sep-2020 993.15 945.90 969.53
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2021 6800.00 6222.00 6516.51
Dec-2020 6700.00 5951.00 6223.06
Nov-2020 6600.00 5860.00 6270.86

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Atul Buyback and Neelamalai Agro Buyback