eClerx Services Buyback 2022 vs Orbit Exports Buyback

Comparision between eClerx Services Buyback 2022 and Orbit Exports Buyback.

Buyback Details

eClerx Services Buyback 2022 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.

eClerx Services Limited

Orbit Exports Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

Buyback Price

₹1750 per share

₹245 per share

Issue Size

17,14,285 shares

4,08,163 shares

Issue Size (Amount)

₹300.00 Crores

₹10.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	7 Equity Shares out of every 46 Fully paid-up Equity Shares held on the Record Date.	257,143.00
General Category for all other Eligible Shareholders	6 Equity Shares out of every 202 Fully paid-up Equity Shares held on the Record Date.	1,457,142.00

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

Kfin Technologies Limited

Link Intime India Private Ltd

Lead Managers

Emkay Global Financial Services Ltd

Keynote Financial Services Ltd

Necessity of the buyback

The Buy Back is being proposed by the company for fulfilling the following objectives:

The Buy Back 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 the shareholders.
The Buy Back may help in improving return on equity due to reduction in the equity base, thereby leading to long term increase in shareholder value.
The Buy Back will help in achieving an optimal capital structure.

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

eClerx Services Buyback 2022 and Orbit Exports Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. eClerx Services Buyback 2022 Buyback record date is Dec 27, 2022. Orbit Exports Buyback Buyback record date is Nov 18, 2022.

	eClerx Services Limited	Orbit Exports Limited
Record Date	Dec 27, 2022	Nov 18, 2022
Offer Open Date	Feb 03, 2023	Dec 15, 2022
Offer Closure Date	Feb 16, 2023	Dec 28, 2022
Last date for receipt of tender forms	Feb 16, 2023	Dec 28, 2022
Finalisation of buyback	Feb 23, 2023	Jan 05, 2023
Last Date for settlment of bids	Feb 24, 2023	Jan 06, 2023
Last Date for extinguishment of shares	Mar 01, 2023	Jan 13, 2023

Financial Details and Other Relevent Information

Comparison of eClerx Services Buyback 2022 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.

eClerx Services Limited

Orbit Exports Limited

Financial

eClerx Services Limited Financial Information (Consolidated)
Period Ended	Total Revenue	Profit After Tax	Net Worth
31-Mar-20	1174.17	123.57	1111.31
31-Mar-21	1230.36	238.79	1182.62
31-Mar-22	1571.86	354.9	1174.53
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
Nov-2022	1494.25	1297.85	1395.80
Oct-2022	1499.45	1254.15	1336.66
Sep-2022	1545.90	1420.70	1473.07

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
Nov-2022	1494.90	1293.00	1395.38
Oct-2022	1500.00	1254.00	1336.53
Sep-2022	1545.00	1420.00	1472.99

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

Compare with others

eClerx Services Limited	Orbit Exports Limited
Cosmo First Buyback	eClerx Services Buyback 2022
Jenburkt Pharmaceuticals Buyback	Technocraft Industries Buyback 2022
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Tips Industries Buyback 2022	Windlas Biotech Buyback 2022
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Triveni Engineering Buyback 2022	Triveni Turbine Buyback
Balrampur Chini Buyback 2022	Dhanuka Agritech Buyback
Windlas Biotech Buyback 2022	Kaveri Seed Buyback 2022
Orbit Exports Buyback	Garware Technical Fibres Buyback

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