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Cosmo First Buyback vs Softsol India Buyback 2022

Comparison between Cosmo First Buyback and Softsol India Buyback 2022.

Buyback Details

Cosmo First Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Softsol India Buyback 2022 is a Tender Offer proposed to list at BSE.

 Cosmo First Ltd.Softsol India Ltd.
LogoCosmo First Buyback LogoSoftsol India Buyback 2022 Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE
Face Value₹10 per share₹10 per share
Buyback Price₹1070 per share₹170 per share
Issue Size10,09,345 shares20,58,824 shares
Issue Size (Amount)₹108.00 Crores₹35.00 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders8 Equity Shares out of every 121 Fully paid-up Equity Shares held on the Record Date.151,402.00
General Category for all other Eligible Shareholders29 Equity Shares out of every 844 Fully paid-up Equity Shares held on the Record Date.857,943.00
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders9 Equity Shares out of every 11 Fully paid-up Equity Shares held on the Record Date.308,824.00
General Category for all other Eligible Shareholders5 Equity Shares out of every 47 Fully paid-up Equity Shares held on the Record Date.1,750,000.00
RegistrarMUFG Intime India Pvt.Ltd.Kfin Technologies Ltd.
Lead ManagersAnand Rathi Advisors Ltd.Akasam Consulting Pvt.Ltd.
Necessity of the buyback

The buyback is being undertaken for the following reason:

  • The Buyback will improve financial ratios like earnings per share, return on capital employed and return on equity, calculated on the basis of financial statements, by reduction in the equity basis of the Company, thereby leading to long term increase in shareholders' value.
  • The Buyback will help in achieving an optimal capital structure.
  • The Buyback will help the Company to distribute surplus cash to the Eligible Shareholders broadly in proportion to their shareholding, thereby, enhancing their overall return.

The Buyback is being undertaken for the following reasons:

  1. 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.
  2. The Buyback may help improve return on equity by reducing the equity base, thereby leading to a long-term increase in shareholders' value.

Buyback Timetable

Cosmo First Buyback and Softsol India Buyback 2022 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Cosmo First Buyback Buyback record date is Dec 14, 2022. Softsol India Buyback 2022 Buyback record date is Jan 13, 2023.

 Cosmo First Ltd.Softsol India Ltd.
Record DateDec 14, 2022Jan 13, 2023
Offer Open DateJan 27, 2023Mar 03, 2023
Offer Closure DateFeb 09, 2023Mar 17, 2023
Last date for receipt of tender formsFeb 09, 2023Mar 17, 2023
Finalisation of buybackFeb 17, 2023Mar 21, 2023
Last Date for settlment of bidsFeb 20, 2023Mar 23, 2023
Last Date for extinguishment of sharesFeb 27, 2023Mar 30, 2023

Financial Details and Other Relevent Information

Comparison of Cosmo First Buyback and Softsol India 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.

 Cosmo First Ltd.Softsol India Ltd.
Financial
Cosmo First Limited Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202222.99113.44726.63707.19789.45
31-Mar-212322.92136841.19823.02760.29
31-Mar-223086.71396.611175.431157.26810.05
30-Sep-221638.91166.531332.61305.34839.16
Amount in ₹ Crore
Softsol India Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-2027.737.72140.35123.11
31-Mar-2126.7910.85151.36134.12
31-Mar-2226.764.33162.17144.93
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 814.20 657.95 738.71
Oct-2022 899.30 728.05 812.91
Sep-2022 929.90 837.05 880.26

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 399.00 349.95 371.61
Oct-2022 389.60 366.45 378.66
Sep-2022 381.30 341.00 364.85
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 815.00 658.10 738.94
Oct-2022 895.55 728.80 812.42
Sep-2022 925.00 837.00 880.57

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 398.70 346.00 371.75
Oct-2022 388.00 367.95 379.02
Sep-2022 382.00 350.80 365.25

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Cosmo First Ltd.Softsol India Ltd.
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Compare:

Cosmo First Buyback and Softsol India Buyback 2022