eClerx Services Buyback 2022 vs Tips Industries Buyback 2022

Comparision between eClerx Services Buyback 2022 and Tips Industries Buyback 2022.

Buyback Details

eClerx Services Buyback 2022 is a Tender Offer buyback proposed to list at BSE, NSE while Tips Industries Buyback 2022 is a Tender Offer proposed to list at BSE, NSE.

eClerx Services Limited

Tips Industries Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

Buyback Price

₹1750 per share

₹2600 per share

Issue Size

17,14,285 shares

1,26,000 shares

Issue Size (Amount)

₹300.00 Crores

₹32.76 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	7 Equity Shares out of every 46 Fully paid-up Equity Shares held on the Record Date.	257,143.00
General Category for all other Eligible Shareholders	6 Equity Shares out of every 202 Fully paid-up Equity Shares held on the Record Date.	1,457,142.00

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	37 Equity Shares out of every 762 Fully paid-up Equity Shares held on the Record Date.	18,900.00
General Category for all other Eligible Shareholders	2 Equity Shares out of every 235 Fully paid-up Equity Shares held on the Record Date.	107,100.00

Registrar

Kfin Technologies Limited

Link Intime India Private Ltd

Lead Managers

Emkay Global Financial Services Ltd

Inga Ventures Pvt Ltd

Necessity of the buyback

The Buy Back is being proposed by the company for fulfilling the following objectives:

The Buy Back 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 the shareholders.
The Buy Back may help in improving return on equity due to reduction in the equity base, thereby leading to long term increase in shareholder value.
The Buy Back will help in achieving an optimal capital structure.

The Buyback is being undertaken for the following reasons:

The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares.
The Buyback is generally expected to improve return on equity through distribution of cash and improve earnings per share by reduction in the equity base, thereby leading to long term increase in shareholders' value.

Buyback Timetable

eClerx Services Buyback 2022 and Tips Industries Buyback 2022 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. eClerx Services Buyback 2022 Buyback record date is Dec 27, 2022. Tips Industries Buyback 2022 Buyback record date is Dec 30, 2022.

	eClerx Services Limited	Tips Industries Limited
Record Date	Dec 27, 2022	Dec 30, 2022
Offer Open Date	Feb 03, 2023	Jan 27, 2023
Offer Closure Date	Feb 16, 2023	Feb 09, 2023
Last date for receipt of tender forms	Feb 16, 2023	Feb 09, 2023
Finalisation of buyback	Feb 23, 2023	Feb 17, 2023
Last Date for settlment of bids	Feb 24, 2023	Feb 20, 2023
Last Date for extinguishment of shares	Mar 01, 2023	Feb 27, 2023

Financial Details and Other Relevent Information

Comparison of eClerx Services Buyback 2022 and Tips Industries 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.

eClerx Services Limited

Tips Industries Limited

Financial

eClerx Services Limited Financial Information (Consolidated)
Period Ended	Total Revenue	Profit After Tax	Net Worth
31-Mar-20	1174.17	123.57	1111.31
31-Mar-21	1230.36	238.79	1182.62
31-Mar-22	1571.86	354.9	1174.53
Amount in ₹ Crore

Tips Industries Limited Financial Information (Consolidated)
Period Ended	Total Revenue	Profit After Tax	Net Worth
31-Mar-20	108.82	11.34	80.11
31-Mar-21	95.42	43.47	100.91
31-Mar-22	138.8	64.56	102.61
30-Sep-22	85.96	38	137.57
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2022	1494.25	1297.85	1395.80
Oct-2022	1499.45	1254.15	1336.66
Sep-2022	1545.90	1420.70	1473.07

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2022	1923.90	1725.00	1837.57
Oct-2022	1850.00	1456.15	1598.71
Sep-2022	1740.00	1470.00	1591.33

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2022	1494.90	1293.00	1395.38
Oct-2022	1500.00	1254.00	1336.53
Sep-2022	1545.00	1420.00	1472.99

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2022	1910.00	1700.00	1837.56
Oct-2022	1850.00	1458.45	1601.22
Sep-2022	1724.95	1465.00	1592.46

Compare with others

eClerx Services Limited	Tips Industries Limited
Cosmo First Buyback	Freshtrop Fruits Buyback 2022
Jenburkt Pharmaceuticals Buyback	Cosmo First Buyback
Indian Energy Exchange Buyback	Jenburkt Pharmaceuticals Buyback
Softsol India Buyback 2022	Indian Energy Exchange Buyback
Tips Industries Buyback 2022	Softsol India Buyback 2022
Technocraft Industries Buyback 2022	eClerx Services Buyback 2022
Triveni Engineering Buyback 2022	Technocraft Industries Buyback 2022
Balrampur Chini Buyback 2022	Triveni Engineering Buyback 2022
Windlas Biotech Buyback 2022	Balrampur Chini Buyback 2022
Orbit Exports Buyback	Windlas Biotech Buyback 2022

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