Bajaj Auto Buyback vs Quick Heal Technologies Buyback 2022

Comparison between Bajaj Auto Buyback and Quick Heal Technologies Buyback 2022.

Buyback Details

Bajaj Auto Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Quick Heal Technologies Buyback 2022 is a Tender Offer proposed to list at BSE, NSE.

 Bajaj Auto Ltd.Quick Heal Technologies Ltd.
LogoBajaj Auto Buyback LogoQuick Heal Technologies Buyback 2022 Logo
Type of BuybackOpen Market Through Stock ExchangeTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹10 per share₹10 per share
Buyback Price₹4600 per share₹300 per share
Issue Size50,00,000 shares
Issue Size (Amount)₹2,500.00 Crores₹150.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 10 Equity Share out of every 83 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 5 Equity Shares out of every 61 Fully paid-up Equity Shares held on the Record Date.
RegistrarKfin Technologies Ltd.MUFG Intime India Pvt.Ltd.
Lead ManagersJM Financial Ltd.Ambit Pvt.Ltd.
Necessity of the buyback

The buyback is being undertaken for the following reasons:

  • The Buyback will help the company to distribute surplus cash to its shareholders holding Equity shares broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders.

The Buyback is being undertaken for the following reasons:

1. The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares thereby enhancing the overall return for them.

2. The Buyback is generally expected to improve return on equity through distribution of cash and improve earnings per share by reduction in the equity base of the Company, thereby leading to long term increase in shareholders' value

Buyback Timetable

Bajaj Auto Buyback and Quick Heal Technologies Buyback 2022 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Bajaj Auto Buyback Buyback record date is . Quick Heal Technologies Buyback 2022 Buyback record date is Sep 14, 2022.

 Bajaj Auto Ltd.Quick Heal Technologies Ltd.
Record DateSep 14, 2022
Offer Open DateJul 04, 2022Oct 04, 2022
Offer Closure DateOct 10, 2022Oct 18, 2022
Last date for receipt of tender formsOct 18, 2022
Finalisation of buybackOct 28, 2022
Last Date for settlment of bidsOct 31, 2022
Last Date for extinguishment of sharesNov 07, 2022

Financial Details and Other Relevent Information

Comparison of Bajaj Auto Buyback and Quick Heal Technologies 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.

 Bajaj Auto Ltd.Quick Heal Technologies Ltd.
Financial
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Crore)
  31-Mar-22 31-Mar-21 31-Mar-20
Total Income 34,428.85 29,017.54 31,443.22
Profit After Tax 6,165.87 4,857.02 5,211.91
Quick Heal Technologies Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-20317.7374.41644.07579.86
31-Mar-21357.2106.97751.48687.27
31-Mar-22361.183.19627.63569.62
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2021 3341.50 3100.10 3238.03
Jan-2022 3554.75 3275.90 3419.50
Feb-2022 3635.10 3454.60 3552.12

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2022 218.25 153.00 182.14
Jun-2022 178.25 143.95 160.63
May-2022 194.00 161.75 175.92
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2021 3344.75 3105.20 3238.45
Jan-2022 3564.65 3277.10 3420.08
Feb-2022 3632.15 3458.65 3553.09

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2022 218.00 152.85 182.06
Jun-2022 174.90 141.00 160.74
May-2022 186.60 160.60 175.80

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Bajaj Auto Buyback and Quick Heal Technologies Buyback 2022