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Chaman Lal Setia Exports Buyback 2024 vs TTK Prestige Buyback 2024

Comparision between Chaman Lal Setia Exports Buyback 2024 and TTK Prestige Buyback 2024.

Buyback Details

Chaman Lal Setia Exports Buyback 2024 is a Tender Offer buyback proposed to list at BSE, NSE while TTK Prestige Buyback 2024 is a Tender Offer proposed to list at BSE, NSE.

  Chaman Lal Setia Exports Ltd. TTK Prestige Ltd.
Logo Chaman Lal Setia Exports Buyback 2024 Logo TTK Prestige Buyback 2024 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹2 per share ₹1 per share
Buyback Price ₹300 per share ₹1200 per share
Issue Size 20,07,930 shares 16,66,666 shares
Issue Size (Amount) ₹60.24 Crores ₹200.00 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders21 Equity Shares out of every 251 Fully paid-up Equity Shares held on the Record Date.3,01,190
General Category for all other Eligible Shareholders24 Equity Shares out of every 677 Fully paid-up Equity Shares held on the Record Date.17,06,740
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders11 Equity Shares out of every 120 Fully paid-up Equity Shares held on the Record Date.250,000.00
General Category for all other Eligible Shareholders1 Equity Shares out of every 96 Fully paid-up Equity Shares held on the Record Date.1,416,666.00
Registrar Beetal Financial & Computer Services (P) Limited Kfin Technologies Limited
Lead Managers Corporate Professionals Capital Private Ltd Inga Ventures Pvt Ltd
Necessity of the buyback

The Buy-Back is being undertaken, inter-alia, for the following reasons:

  1. The buyback will 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.
  2. The buyback is expected to improve return on equity through the distribution of cash and improve earnings per share by reducing the equity base; thereby increasing the long-term shareholder's value.
  3. The buyback gives an option to the shareholders holding equity shares of the company, either to sell their equity shares and receive cash or not to sell their equity shares and get a resultant increase in their percentage shareholding, post the buyback offer, without additional investment.
  4. The buyback, which is being implemented through the tender offer as prescribed under the buyback regulations, would involve a minimum reservation of 15% for small shareholders and allocation of a higher number of shares as per their entitlement or 15% of the number of shares to be bought back, reserved for the small shareholders. The company believes that this reservation for small shareholders would benefit many public shareholders, who would be classified as small shareholders.
    The buyback would help in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the company.

The Buy-Back is being undertaken, inter-alia, for the following reasons:

  1. The buyback will help the company to return the surplus cash to its shareholders holding equity shares.
  2. The buyback is expected to improve return on equity through the distribution of cash and improve earnings per share by reducing the equity base; thereby increasing in long-term increase in shareholder value.
  3. The buyback gives an option to the shareholders holding equity shares of the company, either to sell their equity shares and receive cash or not to sell their equity shares and get a resultant increase in their percentage shareholding, post the buyback offer, without additional investment.
  4. The buyback, which is being implemented through the tender offer as prescribed under the buyback regulations, would involve a minimum reservation of 15% for small shareholders and allocation of a higher number of shares as per their entitlement or 15% of the number of shares to be bought back, reserved for the small shareholders. The company believes that this reservation for small shareholders would benefit a large number of public shareholders, who would be classified as small shareholders.

Buyback Timetable

Chaman Lal Setia Exports Buyback 2024 and TTK Prestige Buyback 2024 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Chaman Lal Setia Exports Buyback 2024 Buyback record date is Aug 19, 2024. TTK Prestige Buyback 2024 Buyback record date is Aug 14, 2024.

  Chaman Lal Setia Exports Ltd. TTK Prestige Ltd.
Record Date Aug 19, 2024 Aug 14, 2024
Offer Open Date Aug 23, 2024 Aug 21, 2024
Offer Closure Date Aug 29, 2024 Aug 27, 2024
Last date for receipt of tender forms Aug 29, 2024 Aug 27, 2024
Finalisation of buyback Sep 04, 2024 Sep 02, 2024
Last Date for settlment of bids Sep 05, 2024 Sep 03, 2024
Last Date for extinguishment of shares Sep 17, 2024 Sep 12, 2024

Financial Details and Other Relevent Information

Comparison of Chaman Lal Setia Exports Buyback 2024 and TTK Prestige Buyback 2024 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Chaman Lal Setia Exports Ltd. TTK Prestige Ltd.
Financial

Chaman Lal Setia Exports Limited Financial Information (Restated Standalone)

Chaman Lal Setia Exports Limited's revenue decreased by -2% and profit after tax (PAT) dropped by -2% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets
Revenue1,365.21,398.82936.36
Profit After Tax115.64117.6764.98
Amount in ₹ Crore

TTK Prestige Ltd. Financial Information (Restated Consolidated)

TTK Prestige Ltd.'s revenue decreased by -2.46% and profit after tax (PAT) dropped by -11.62% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets2,742.662,587.452,414.49
Revenue2,753.382,822.792,757.50
Profit After Tax225.33254.95305.43
Reserves and Surplus2,044.781,892.751,682.86
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2024 237.20 202.75 220.11
Jun-2024 223.05 185.00 208.47
May-2024 233.00 199.40 217.73

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2024 983.00 782.45 888.87
Jun-2024 802.85 647.40 747.17
Jun-2024 725.05 676.00 704.36
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2024 237.50 203.29 223.30
Jun-2024 223.50 183.35 208.40
May-2024 233.40 197.75 217.15

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2024 984.00 783.30 889.09
Jun-2024 803.00 647.15 747.47
Jun-2024 729.00 675.50 704.80

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