Orbit Exports Buyback vs Windlas Biotech Buyback 2022

Comparision between Orbit Exports Buyback and Windlas Biotech Buyback 2022.

Buyback Details

Orbit Exports Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Windlas Biotech Buyback 2022 is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

Orbit Exports Limited

Windlas Biotech Limited

Logo

Type of Buyback

Tender Offer

Open Market Through Stock Exchange

Listing At

BSE, NSE

Face Value

₹10 per share

₹5 per share

Buyback Price

₹245 per share

₹325 per share

Issue Size

4,08,163 shares

Issue Size (Amount)

₹10.00 Crores

₹25.00 Crores

Buyback Ratio

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

Link Intime India Private Ltd

Lead Managers

Keynote Financial Services Ltd

Corporate Professionals Capital Private Ltd

Necessity of the buyback

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.

The buyback is being undertaken for the following reason:

1.To return surplus funds to the equity shareholders of the Company.

2. To improve return on equity, by reducing in equity base, thereby leading to a long-term increase in the value of shareholders.

Buyback Timetable

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

	Orbit Exports Limited	Windlas Biotech Limited
Record Date	Nov 18, 2022
Offer Open Date	Dec 15, 2022	Nov 21, 2022
Offer Closure Date	Dec 28, 2022	May 03, 2023
Last date for receipt of tender forms	Dec 28, 2022
Finalisation of buyback	Jan 05, 2023
Last Date for settlment of bids	Jan 06, 2023
Last Date for extinguishment of shares	Jan 13, 2023

Financial Details and Other Relevent Information

Comparison of Orbit Exports Buyback and Windlas Biotech Buyback 2022 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Orbit Exports Limited

Windlas Biotech Limited

Financial

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

Windlas Biotech Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth
31-Mar-20	331.34	23.68	209.66
31-Mar-21	430.7	15.74	199.12
31-Mar-22	472.64	38.09	394.78
Amount in ₹ Crore

Stock price at BSE

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 BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jan-2022	244.70	212.15	232.89
Jan-2022	261.20	219.00	241.72
Jan-2022	232.90	203.55	217.81

Stock price at NSE

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

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jan-2022	244.80	212.00	227.41
Jan-2022	261.90	216.30	241.83
Jan-2022	233.95	209.70	218.71

Compare with others

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

Comments

Add a public comment...