Dhanuka Agritech Buyback vs Orbit Exports Buyback

Comparision between Dhanuka Agritech Buyback and Orbit Exports Buyback.

Buyback Details

Dhanuka Agritech Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Orbit Exports Buyback is a Tender Offer proposed to list at BSE, NSE.

Dhanuka Agritech Limited

Orbit Exports Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹2 per share

₹10 per share

Buyback Price

₹850 per share

₹245 per share

Issue Size

10,00,000 shares

4,08,163 shares

Issue Size (Amount)

₹85.00 Crores

₹10.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	4 Equity Share out of every 33 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	3 Equity Shares out of every 160 Fully paid-up Equity Shares held on the Record Date.

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	2 Equity Share out of every 47 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	9 Equity Shares out of every 673 Fully paid-up Equity Shares held on the Record Date.

Registrar

Bigshare Services Pvt Ltd

Link Intime India Private Ltd

Lead Managers

Sundae Capital Advisors

Keynote Financial Services Ltd

Necessity of the buyback

The Buyback is being undertaken for the following reasons:

The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
The Buyback may help in improving return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders' value.

The Buyback is being undertaken, inter-alia, for the following reasons:

The Buyback will help the company to return surplus cash to its shareholders broadly in proportion to their shareholding thereby enhancing overall return to the shareholders.
The Buyback would give an option to the equity shareholders to either participate in the Buyback and receive cash in lieu of Equity Shares accepted under the Buyback or not participate in the Buyback and enjoy a resultant increase in their percentage shareholding in the company post the buyback without additional investment.

Buyback Timetable

Dhanuka Agritech Buyback and Orbit Exports Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Dhanuka Agritech Buyback Buyback record date is Nov 18, 2022. Orbit Exports Buyback Buyback record date is Nov 18, 2022.

	Dhanuka Agritech Limited	Orbit Exports Limited
Record Date	Nov 18, 2022	Nov 18, 2022
Offer Open Date	Dec 26, 2022	Dec 15, 2022
Offer Closure Date	Jan 06, 2023	Dec 28, 2022
Last date for receipt of tender forms	Jan 09, 2023	Dec 28, 2022
Finalisation of buyback	Jan 16, 2023	Jan 05, 2023
Last Date for settlment of bids	Jan 17, 2023	Jan 06, 2023
Last Date for extinguishment of shares	Jan 24, 2023	Jan 13, 2023

Financial Details and Other Relevent Information

Comparison of Dhanuka Agritech Buyback and Orbit Exports Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Dhanuka Agritech Limited

Orbit Exports Limited

Financial

Dhanuka Agritech Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	1145.16	141.35	707.58	698.07
31-Mar-21	1421.17	210.56	796.19	786.87
31-Mar-22	1511.36	208.89	960.42	951.1
Amount in ₹ Crore

Orbit Exports Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	150.23	26.26	174.09	146.7	16.08
31-Mar-21	73.07	2.38	176.86	149.48	14.37
31-Mar-22	131.17	17.8	194.59	167.21	39.17
30-Sep-22	109.14	22.23	217.88	190.5	39.4
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Oct-2022	748.00	645.55	703.00
Sep-2022	748.90	630.65	708.70
Aug-2022	725.95	680.80	700.89

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Oct-2022	186.75	155.35	164.80
Sep-2022	171.80	146.90	157.90
Aug-2022	158.60	114.65	140.09

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Oct-2022	742.00	645.60	705.47
Sep-2022	750.00	631.20	704.47
Aug-2022	726.00	680.00	703.80

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Oct-2022	185.85	155.50	164.79
Sep-2022	172.25	147.75	158.12
Aug-2022	158.40	115.05	140.02

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Dhanuka Agritech Limited	Orbit Exports Limited
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SP Apparels Buyback	Garware Technical Fibres Buyback

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