Jullundur Motor Agency Buyback vs Sreeleathers Buyback

Comparison between Jullundur Motor Agency Buyback and Sreeleathers Buyback.

Buyback Details

Jullundur Motor Agency Buyback is a Tender Offer buyback proposed to list at NSE while Sreeleathers Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

 Jullundur Motor Agency (Delhi) Ltd.Sreeleathers Ltd.
LogoJullundur Motor Agency Buyback LogoSreeleathers Buyback Logo
Type of BuybackTender OfferOpen Market Through Stock Exchange
Listing AtNSEBSE, NSE
Face Value₹2 per share₹10 per share
Buyback Price₹36 per share₹160 per share
Issue Size74,50,000 shares
Issue Size (Amount)₹26.82 Crores₹32.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 38 Equity Shares out of every 93 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 386 Equity Shares out of every 945 Equity Shares held on the Record Date.
RegistrarMAS Services Ltd.Niche Technologies Pvt.Ltd.
Lead ManagersSystematix Corporate Services Ltd.Mark Corporate Advisors Pvt.Ltd.
Necessity of the buyback

The Buyback is undertaken by the Company to:
i) Return surplus cash to its equity shareholders that are
over and above its ordinary capital requirements and in excess of any current investment plans.
ii) Improve financial ratios like earnings per share (EPS) and return on equity (ROE) by reducing the equity base of the Company

The buyback is undertaken by the company to:
i) Effectively utilize its surplus funds.
ii) Enhance overall long term shareholders value.

Buyback Timetable

Jullundur Motor Agency Buyback and Sreeleathers Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Jullundur Motor Agency Buyback Buyback record date is Dec 24, 2020. Sreeleathers Buyback Buyback record date is .

 Jullundur Motor Agency (Delhi) Ltd.Sreeleathers Ltd.
Record DateDec 24, 2020
Offer Open DateJan 25, 2021Dec 04, 2020
Offer Closure DateFeb 08, 2021Jun 03, 2021
Last date for receipt of tender formsFeb 10, 2021
Finalisation of buybackFeb 15, 2021
Last Date for settlment of bidsFeb 16, 2021
Last Date for extinguishment of sharesFeb 23, 2021

Financial Details and Other Relevent Information

Comparison of Jullundur Motor Agency Buyback and Sreeleathers Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Jullundur Motor Agency (Delhi) Ltd.Sreeleathers Ltd.
Financial
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 3,095.67 3,322.27 3,260.04
Profit After Tax 127.04 134.41 119.90
Net Worth 1,576.10 1,455.59 1,380.40
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Million)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 1,733.68 1,680.96 1,428.91
Profit After Tax 287.60 310.81 213.72
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2020 136.00 130.00 133.00
Sep-2020 145.00 130.00 139.00
Aug-2020 152.00 130.00 140.00
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2020 33.25 25.70 29.65
Oct-2020 30.50 24.20 27.14
Sep-2020 32.80 24.40 27.79

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2020 136.00 129.00 133.00
Sep-2020 146.00 130.00 138.00
Aug-2020 153.00 130.00 143.00

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