Bajaj Auto Buyback vs Suraj Limited Buyback

Comparision between Bajaj Auto Buyback and Suraj Limited Buyback.

Buyback Details

Bajaj Auto Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Suraj Limited Buyback is a Tender Offer proposed to list at BSE.

Bajaj Auto Limited

Suraj Limited

Logo

Type of Buyback

Open Market Through Stock Exchange

Tender Offer

Listing At

BSE, NSE

BSE

Face Value

₹10 per share

Buyback Price

₹4600 per share

₹77 per share

Issue Size

9,00,000 shares

Issue Size (Amount)

₹2,500.00 Crores

₹6.93 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	184 Equity Share out of every 813 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	37 Equity Shares out of every 663 Fully paid-up Equity Shares held on the Record Date.

Registrar

Kfin Technologies Limited

Bigshare Services Pvt Ltd

Lead Managers

Jm Financial Limited

Beeline Capital Advisors Pvt Ltd

Necessity of the buyback

The buyback is being undertaken for the following reasons:

The Buyback will help the company to distribute surplus cash to its shareholders holding Equity shares broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders.

The buyback is being undertaken for the following reasons:

The Buyback will help the Company to distribute a part of the surplus cash to its shareholders holding Equity Shares thereby, optimizing returns to the shareholders and enhancing the overall shareholders' value in longer term and improving the return on equity.
The Buyback is being undertaken, inter alia, for helping the Company to return surplus cash to the Eligible Shareholders broadly in proportion to their shareholding, thereby, enhancing the overall return to the Equity Shareholders.

Buyback Timetable

Bajaj Auto Buyback and Suraj Limited Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Bajaj Auto Buyback Buyback record date is . Suraj Limited Buyback Buyback record date is Aug 20, 2022.

	Bajaj Auto Limited	Suraj Limited
Record Date		Aug 20, 2022
Offer Open Date	Jul 04, 2022	Sep 14, 2022
Offer Closure Date	Oct 10, 2022	Sep 27, 2022
Last date for receipt of tender forms		Sep 27, 2022
Finalisation of buyback		Oct 06, 2022
Last Date for settlment of bids		Oct 07, 2022
Last Date for extinguishment of shares		Oct 14, 2022

Financial Details and Other Relevent Information

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

Bajaj Auto Limited

Suraj Limited

Financial

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (Rs. in Crore)
	31-Mar-22	31-Mar-21	31-Mar-20
Total Income	34,428.85	29,017.54	31,443.22
Profit After Tax	6,165.87	4,857.02	5,211.91

Suraj Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth
31-Mar-20	177.03	1.01	87.77
31-Mar-21	192.38	1.37	89.14
31-Mar-22	348.76	3	92.17
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Dec-2021	3341.50	3100.10	3238.03
Jan-2022	3554.75	3275.90	3419.50
Feb-2022	3635.10	3454.60	3552.12

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2022	76.45	62.05	69.25
Jun-2022	73.60	61.05	67.33
May-2022	80.00	63.30	71.65

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Dec-2021	3344.75	3105.20	3238.45
Jan-2022	3564.65	3277.10	3420.08
Feb-2022	3632.15	3458.65	3553.09

Compare with others

Bajaj Auto Limited	Suraj Limited
Suraj Limited Buyback	Mindteck India Buyback
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Techno Electric Buyback	TCI Express Buyback
Marksans Pharma Buyback	Granules India Buyback
Route Mobile Buyback	Quick Heal Technologies Buyback 2022
Avonmore Capital Buyback	CARE Ratings Buyback
Birlasoft Limited Buyback	Techno Electric Buyback
CL Educate Buyback	Marksans Pharma Buyback
Cigniti Technologies Buyback	Bajaj Auto Buyback

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