Mahalaxmi Rubtech Buyback vs Star Cement Buyback

Comparision between Mahalaxmi Rubtech Buyback and Star Cement Buyback.

Buyback Details

Mahalaxmi Rubtech Buyback is a Tender Offer buyback proposed to list at BSE while Star Cement Buyback is a Tender Offer proposed to list at BSE, NSE.

Mahalaxmi Rubtech Limited

Star Cement Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE

BSE, NSE

Face Value

₹10 per share

₹1 per share

Buyback Price

₹70 per share

₹150 per share

Issue Size

27,00,000 shares

82,48,580 shares

Issue Size (Amount)

₹18.90 Crores

₹123.73 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	25 Equity shares out of every 73 fully paid up Equity shares held on the Record date.
General Category for all other Eligible Shareholders	14 Equity shares out of every 71 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.

Registrar

Cameo Corporate Services Limited

Maheshwari Datamatics Pvt. Ltd

Lead Managers

Saffron Capital Advisors Private Limited

Narnolia Financial Services Ltd

Necessity of the buyback

The Buyback aims to :
ii) Give an option to shareholders to get cash in lieu of Equity Shares to be accepted under the Buyback or choose not to participate and enjoy a resultant increase in their percentage shareholding without additional investment.
iii) The Buyback will help in improving certain key financial ratios 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

Mahalaxmi Rubtech Buyback and Star Cement Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Mahalaxmi Rubtech Buyback Buyback record date is Aug 27, 2021. Star Cement Buyback Buyback record date is Aug 26, 2021.

	Mahalaxmi Rubtech Limited	Star Cement Limited
Record Date	Aug 27, 2021	Aug 26, 2021
Offer Open Date	Sep 29, 2021	Sep 22, 2021
Offer Closure Date	Oct 12, 2021	Oct 05, 2021
Last date for receipt of tender forms	Oct 15, 2021	Oct 07, 2021
Finalisation of buyback	Oct 22, 2021	Oct 13, 2021
Last Date for settlment of bids	Oct 25, 2021	Oct 14, 2021
Last Date for extinguishment of shares	Nov 01, 2021	Oct 21, 2021

Financial Details and Other Relevent Information

Comparison of Mahalaxmi Rubtech 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.

Mahalaxmi Rubtech Limited

Star Cement Limited

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	1,393.76	1,811.11	1,866.50
Profit After Tax	61.00	48.16	49.31
Net Worth	940.32	880.91	830.48
Reserves and Surplus	807.12	747.71	697.28

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
Jul-2021	68.75	47.90	58.33
Jun-2021	51.35	48.25	49.80
May-2021	51.10	37.60	44.35

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
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

Mahalaxmi Rubtech Limited	Star Cement Limited
S H Kelkar Buyback	Nucleus Software Buyback
Nucleus Software Buyback	Goldiam International Buyback
Goldiam International Buyback	eClerx Services Limited Buyback
eClerx Services Limited Buyback	Rishiroop Limited Buyback
Rishiroop Limited Buyback	Mahalaxmi Rubtech Buyback
Star Cement Buyback	Gandhi Special Tubes Limited Buyback
Gandhi Special Tubes Limited Buyback	Shriram Pistons & Rings Buyback
Shriram Pistons & Rings Buyback	Rsystems Buyback
Rsystems Buyback	Kaveri Seed Buyback
Kaveri Seed Buyback	Balrampur Chini Mills Buyback

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