Ajanta Pharma Buyback 2023 vs Wipro Buyback 2023

Comparision between Ajanta Pharma Buyback 2023 and Wipro Buyback 2023.

Buyback Details

Ajanta Pharma Buyback 2023 is a Tender Offer buyback proposed to list at BSE, NSE while Wipro Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.

Ajanta Pharma Limited

Wipro Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹2 per share

Buyback Price

₹1425 per share

₹445 per share

Issue Size

22,10,500 shares

26,96,62,921 shares

Issue Size (Amount)

₹315.00 Crores

₹12,000.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	20 Equity Shares out of every 99 Fully paid-up Equity Shares held on the Record Date.	331,575.00
General Category for all other Eligible Shareholders	3 Equity Shares out of every 202 Fully paid-up Equity Shares held on the Record Date.	1,878,925.00

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	62 Equity Shares out of every 265 Fully paid-up Equity Shares held on the Record Date.	40,449,439.00
General Category for all other Eligible Shareholders	26 Equity Shares out of every 603 Fully paid-up Equity Shares held on the Record Date.	229,213,482.00

Registrar

Link Intime India Private Ltd

Kfin Technologies Limited

Lead Managers

Edelweiss Financial Services Ltd

Jm Financial Limited

Necessity of the buyback

The buyback is being undertaken for the following reasons:

The buyback will help the company to return surplus cash to its equity shareholders broadly in proportion to their shareholding, thereby enhancing the overall return to shareholders.
The buyback consists of a reservation for the small shareholder. The company believes that this reservation for small shareholders would benefit a large number of public shareholders who would get classified as "small shareholders".
The buyback may help in improving return on equity, reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer.
The buyback may lead to a reduction in outstanding Equity Shares, an improvement in earnings per equity share, and an enhanced return on equity.

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 consists of a 15% reservation for the small shareholder. The company believes that this reservation for small shareholders would benefit a large number of public shareholders who would get classified as "small shareholders".
The buyback may help in improving return on equity, and reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer.

Buyback Timetable

Ajanta Pharma Buyback 2023 and Wipro Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Ajanta Pharma Buyback 2023 Buyback record date is Mar 24, 2023. Wipro Buyback 2023 Buyback record date is Jun 16, 2023.

	Ajanta Pharma Limited	Wipro Limited
Record Date	Mar 24, 2023	Jun 16, 2023
Offer Open Date	Mar 31, 2023	Jun 22, 2023
Offer Closure Date	Apr 10, 2023	Jun 30, 2023
Last date for receipt of tender forms	Apr 10, 2023	Jun 29, 2023
Finalisation of buyback	Apr 13, 2023	Jul 05, 2023
Last Date for settlment of bids	Apr 18, 2023	Jul 06, 2023
Last Date for extinguishment of shares	Apr 27, 2023	Jul 17, 2023

Financial Details and Other Relevent Information

Comparison of Ajanta Pharma Buyback 2023 and Wipro Buyback 2023 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Ajanta Pharma Limited

Wipro Limited

Financial

Ajanta Pharma Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax
31-Mar-20		2,680.06	467.70
31-Mar-21	3,778.72	2,915.67	653.87
31-Mar-22	4,055.58	3,456.67	712.68
Amount in ₹ Crore

Wipro Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-18	76,064.00	54,635.90	8,008.10	48,534.60	13,825.90
31-Mar-19	83,317.10	58,906.00	9,003.10	57,075.30	9,946.70
31-Mar-20	81,278.90	61,340.10	9,721.80	55,933.30	5,886.00
31-Mar-21	82,732.20	62,242.50	10,794.60	55,459.30	10,451.40
31-Mar-22	107,505.40	79,528.90	12,219.10	65,867.30	17,592.90
31-Mar-23	117,582.20	282.20	37.60
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Feb-2023	1252.00	4523.00	1197.49
Jan-2023	1222.90	3168.00	1186.12
Dec-2022	1272.00	1192.00	1210.90

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
May-2023	405.95	379.00	389.50
Apr-2023	388.00	351.85	370.38
Mar-2023	413.00	355.00	375.75

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Feb-2023	1254.00	1151.35	1198.12
Jan-2023	1224.00	1150.00	1186.49
Dec-2022	1266.25	1150.25	1210.19

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
May-2023	406.00	379.00	389.52
Apr-2023	388.00	352.00	370.40
Mar-2023	396.65	355.00	375.71

Compare with others

Ajanta Pharma Limited	Wipro Limited
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Symphony Buyback	Emami Limited Buyback 2023
TeamLease Services Buyback	Godawari Power and Ispat Buyback 2023
VRL Logistics Buyback 2023	Ajanta Pharma Buyback 2023
Sportking India Buyback 2023	Natco Pharma Buyback 2023

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