eClerx Services Buyback 2022 vs Triveni Engineering Buyback 2022

Comparision between eClerx Services Buyback 2022 and Triveni Engineering Buyback 2022.

Buyback Details

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

eClerx Services Limited

Triveni Engineering and Industries Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

₹1 per share

Buyback Price

₹1750 per share

₹350 per share

Issue Size

17,14,285 shares

2,28,57,142 shares

Issue Size (Amount)

₹300.00 Crores

₹800.00 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	1 Equity Shares out of every 3 Fully paid-up Equity Shares held on the Record Date.	3,428,572.00
General Category for all other Eligible Shareholders	1 Equity Shares out of every 12 Fully paid-up Equity Shares held on the Record Date.	19,428,570.00

Registrar

Kfin Technologies Limited

Lead Managers

Emkay Global Financial Services Ltd

Ambit Private Limited

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:

1. The Buyback will help the Company distribute surplus cash to its shareholders holding Equity Shares and promote capital efficiency, thereby increasing shareholders' value and improving return on equity.

2. The Company's dividend pay-out trend and cash reserves, the Company considers appropriate to return surplus funds to the shareholders effectively and efficiently.

Buyback Timetable

eClerx Services Buyback 2022 and Triveni Engineering 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. Triveni Engineering Buyback 2022 Buyback record date is Dec 23, 2022.

	eClerx Services Limited	Triveni Engineering and Industries Limited
Record Date	Dec 27, 2022	Dec 23, 2022
Offer Open Date	Feb 03, 2023	Feb 16, 2023
Offer Closure Date	Feb 16, 2023	Mar 01, 2023
Last date for receipt of tender forms	Feb 16, 2023	Mar 01, 2023
Finalisation of buyback	Feb 23, 2023	Mar 10, 2023
Last Date for settlment of bids	Feb 24, 2023	Mar 13, 2023
Last Date for extinguishment of shares	Mar 01, 2023	Mar 20, 2023

Financial Details and Other Relevent Information

Comparison of eClerx Services Buyback 2022 and Triveni Engineering 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

Triveni Engineering and 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

Triveni Engineering and Industries Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	4472.9	335.12	1303.62	1268.5	1547.77
31-Mar-21	4733.75	294.6	1517.35	1480.01	990.48
31-Mar-22	4716.23	424.06	1869.38	1831.81	1575.06
30-Sep-22	2854.67	1454.21	3281.28	3244.26	883.98
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	308.85	252.30	277.35
Oct-2022	291.80	249.30	270.63
Sep-2022	294.35	232.80	253.42

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	308.90	252.05	277.47
Oct-2022	292.00	247.30	270.58
Sep-2022	294.35	231.60	253.48

Compare with others

eClerx Services Limited	Triveni Engineering and Industries Limited
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	eClerx Services Buyback 2022
Tips Industries Buyback 2022	Technocraft Industries 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	Jagran Prakashan Buyback 2022
Orbit Exports Buyback	Triveni Turbine Buyback

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