eClerx Services Limited Buyback vs Star Cement Buyback

Comparison between eClerx Services Limited Buyback and Star Cement Buyback.

Buyback Details

eClerx Services Limited Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Star Cement Buyback is a Tender Offer proposed to list at BSE, NSE.

 eClerx Services Ltd.Star Cement Ltd.
LogoeClerx Services Limited Buyback LogoStar Cement Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹10 per share₹1 per share
Buyback Price₹2850 per share₹150 per share
Issue Size10,63,157 shares82,48,580 shares
Issue Size (Amount)₹303.00 Crores₹123.73 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 13 Equity Shares out of every 74 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 13 Equity Shares out of every 489 fully paid-up Equity Shares held on the Record Date.
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 6 Equity Shares out of every 47 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 2 Equity Shares out of every 115 fully paid-up Equity Shares held on the Record Date.
RegistrarKfin Technologies Ltd.Maheshwari Datamatics Pvt.Ltd.
Lead ManagersEmkay Global Financial Services Ltd.Narnolia Financial Services Ltd.
Necessity of the buyback

The Buyback aims to:
i) help the Company to distribute surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
iii) in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the Company.

The Buyback aims to :
i) Return surplus cash to the shareholders, thereby, optimizing returns to the shareholders and enhancing the overall shareholders’ value.
ii) Improve Return on Equity, Earnings per share, enhance return on invested capital, and thereby enhance shareholder value in the long term.
iii) The Buyback will help in optimizing the capital structure.

Buyback Timetable

eClerx Services Limited Buyback and Star Cement Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. eClerx Services Limited Buyback Buyback record date is Sep 30, 2021. Star Cement Buyback Buyback record date is Aug 26, 2021.

 eClerx Services Ltd.Star Cement Ltd.
Record DateSep 30, 2021Aug 26, 2021
Offer Open DateOct 18, 2021Sep 22, 2021
Offer Closure DateNov 01, 2021Oct 05, 2021
Last date for receipt of tender formsNov 01, 2021Oct 07, 2021
Finalisation of buybackNov 08, 2021Oct 13, 2021
Last Date for settlment of bidsNov 09, 2021Oct 14, 2021
Last Date for extinguishment of sharesNov 12, 2021Oct 21, 2021

Financial Details and Other Relevent Information

Comparison of eClerx Services Limited Buyback and Star Cement Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 eClerx Services Ltd.Star Cement Ltd.
Financial
Summary of financial Information standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 12,367.85 11,741.68 11,956.43
Profit After Tax 2,389.04 1,235.71 2,096.13
Net Worth 12,536.81 11,113.07 13,052.03
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs.in Crores)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 1,685.16 1,801.33 1,734.88
Profit After Tax 157.27 218.70 255.89
Net Worth 1,268.45 1,111.17 1,044.87
Reserves and Surplus 1,227.20 1,069.93 1,002.95
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2021 2395.05 1977.35 2214.97
Jul-2021 2314.00 1950.00 2146.70
Jun-2021 1915.30 1231.50 1592.23

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2021 119.00 107.00 111.73
Jun-2021 117.90 101.10 109.23
May-2021 115.00 98.00 106.07
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2021 2392.80 1951.05 2212.54
Jul-2021 2279.80 1955.00 2147.26
Jun-2021 1938.55 1231.05 1594.74

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2021 119.25 106.85 111.76
Jun-2021 117.95 101.05 109.30
May-2021 115.30 99.80 106.24

Compare with others

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eClerx Services Limited Buyback and Star Cement Buyback