Atul Buyback 2023 vs Siyaram Silk Mills Buyback 2023

Comparision between Atul Buyback 2023 and Siyaram Silk Mills Buyback 2023.

Buyback Details

Atul Buyback 2023 is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Siyaram Silk Mills Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.

Atul Limited

Siyaram Silk Mills Limited

Logo

Type of Buyback

Open Market Through Stock Exchange

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

₹2 per share

Buyback Price

₹7500 per share

₹720 per share

Issue Size

14,99,992 shares

Issue Size (Amount)

₹50.00 Crores

₹108.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	53 Equity Shares out of every 457 Fully paid-up Equity Shares held on the Record Date.	224,999.00
General Category for all other Eligible Shareholders	21 Equity Shares out of every 739 Fully paid-up Equity Shares held on the Record Date.	1,274,993.00

Registrar

Link Intime India Private Ltd

Lead Managers

Vivro Financial Services Private Limited

Necessity of the buyback

The buyback is being undertaken by the company to return the surplus funds to the equity shareholders of the company additionally the company believes that the buyback will improve the earnings per share by reduction in the equity base, thereby leading to a long term increase in the value of shareholders.

The Buy Back is being proposed by the Company to fulfill the following objectives:

The Buy Back will help the Company to return surplus cash to its shareholders.
The Buy Back, which is being implemented through the tender offer involving a reservation for Small Shareholders of 15%. The Company believes that this reservation of 15% for Small Shareholders would benefit a large number of public shareholders.
The Buy-back will help in improving financial ratios like earnings per share, return on assets, and return on equity calculated on the basis of financial statements, by reducing the equity base of the Company.
The Buy Back gives an option to the shareholders holding Equity Shares of the Company, to either choose to participate and get cash in lieu of Equity Shares or choose not to participate and enjoy a resultant increase in their percentage shareholding.

Buyback Timetable

Atul Buyback 2023 and Siyaram Silk Mills Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Atul Buyback 2023 Buyback record date is . Siyaram Silk Mills Buyback 2023 Buyback record date is Sep 18, 2023.

	Atul Limited	Siyaram Silk Mills Limited
Record Date		Sep 18, 2023
Offer Open Date	Nov 21, 2023	Sep 25, 2023
Offer Closure Date	Feb 23, 2024	Oct 03, 2023
Last date for receipt of tender forms		Oct 03, 2023
Finalisation of buyback		Oct 09, 2023
Last Date for settlment of bids		Oct 10, 2023
Last Date for extinguishment of shares		Oct 19, 2023

Financial Details and Other Relevent Information

Comparison of Atul Buyback 2023 and Siyaram Silk Mills Buyback 2023 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Atul Limited

Siyaram Silk Mills Limited

Financial

Atul Limited Financial Information (Restated)

Atul Limited's revenue increased by 3.51% and profit after tax (PAT) dropped by -9.12% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021	31 Mar 2020
Assets	5,430.90	5,350.63	6.31	6.40
Revenue	5,261.22	5,082.82	36.16	39.83
Profit After Tax	552.15	607.53	45.87	38.49
Net Worth
Reserves and Surplus
Total Borrowing
Amount in ₹ Crore

Siyaram Silk Mills Buyback 2023 Financial Information (Restated Consolidated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	1,503.23	1,210.49	1,512.90	1,636.73
Revenue	1,733.11	1,130.09	1,939.42	2,272.77
Profit After Tax	69.25	3.58	216.24	250.99
Net Worth
Reserves and Surplus
Total Borrowing	431.83	160.46	253.18	190.94

Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Oct-2023	7060.00	6140.00	6674.89
Sep-2023	7586.95	6932.00	7314.09
Aug-2023	7349.90	6656.45	7022.06

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2023	575.00	534.90	553.43
Jun-2023	567.30	519.35	541.40
May-2023	584.55	486.60	529.33

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Oct-2023	7060.20	6120.20	6618.15
Sep-2023	7589.90	6917.40	7283.50
Aug-2023	7350.00	6660.10	7032.32

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2023	575.00	534.10	553.40
Jun-2023	567.70	519.00	541.55
May-2023	584.60	486.95	529.34

Compare with others

Atul Limited	Siyaram Silk Mills Limited
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Elegant Marbles & Grani Industries Buyback 2023	Somany Ceramics Buyback 2023
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Somany Ceramics Buyback 2023	Sinclairs Hotels Buyback 2023
Tata Consultancy Services Buyback 2023	KRBL Buyback 2023
Siyaram Silk Mills Buyback 2023	FDC Buyback 2023
Sinclairs Hotels Buyback 2023	CL Educate Buyback 2023
KRBL Buyback 2023	Control Print (India) Buyback 2023

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