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Incorporated in 1984 as Gas Authority of India Limited, GAIL (India) Limited (GAIL) is a Maharatna Company . The company is a Central Public Sector Enterprise established under the Ministry of Petroleum & Natural Gas with a mission of ' Accelerating and optimizing the effective and economic use of Natural Gas and its fractions for the benefit of the national economy . GAIL covers the entire natural gas value chain comprising of gas transmission & marketing, LPG transmission, gas processing, petrochemical, LNG imports, Exploration & Production, and city gas distribution and has a strong experience and expertise in this business. Apart from the LNG business, GAIL has also diversified into the renewable energy business.
GAIL owns and operates appx 12,900 Km length of pan-India natural gas pipeline network with a capacity to carry around 206 Million Metric Standard Cubic meters per day (MMSCMD) of natural gas. The company has five gas processing plants with a capacity to produce 1.4 MMTPA of LPG.
GAIL has a strong presence across India with its stake in various gas companies related to petrochemicals complex, LNG business, gas-based combined cycle power plant. GAIL has a strong focus in city gas distribution (CGD) business operating in 61 Geographical Areas throughout India and catering to around 66% of the total 62.05 lakh domestic PNG connections in the country. Out of the 2,207 CNG stations in the country, the company and its group operate 1,385 CNG stations representing 63% share . In FY 19-20, GAIL registered a record addition of 9.52 lakh household PNG connections and 311 CNG stations. Further, GAIL has equity participation in two city gas companies in Egypt and one city gas company in China. GAIL has participating interest in 9 E&P blocks in India apart from 2 blocks in Myanmar and 1 shale gas asset in the USA .
GAIL is actively working towards diversifying the business portfolio to include renewable energy and expand its renewable portfolio in the coming years. Apart from this, GAIL is also exploring various business opportunities in the Production and Marketing of Compressed Bio Gas ( CBG) from organic waste .
| Issue Period | Feb 25, 2021 - Mar 10, 2021 |
| Security Name | Gail (India) Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 6.98 Crores |
| Issue Size (Amount) | ₹1,046.35 Crores |
| Buyback Price | ₹150 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Offer Opens On | Feb 25, 2021 |
| Offer Closes On | Mar 10, 2021 |
| Record Date | Jan 28, 2021 |
| Last Date for receipt of Tender Forms | Mar 12, 2021 |
| Finalisation of Buyback Acceptance | Mar 18, 2021 |
| Last Date for settlment of bids | Mar 19, 2021 |
| Last Date for Extinguishment of Shares | Mar 26, 2021 |
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 71 Equity Shares out of every 733 Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 4 Equity Shares out of every 297 Equity Shares held on the Record Date. |
| Particulars | For the year/period ended (Rs. in Crores) | ||
|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Income | 73,293.19 | 76,671.57 | 54,812.49 |
| Profit After Tax | 6,620.63 | 6,025.67 | 4,618.41 |
| Net Worth | 41,853.99 | 39,202.06 | 35,241.50 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Dec-2020 | 128.75 | 103.3 | 121.18 |
| Nov-2020 | 106.6 | 83.1 | 93.03 |
| Oct-2020 | 89.5 | 81.25 | 85.38 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Dec-2020 | 128.8 | 103.1 | 121.2 |
| Nov-2020 | 106.7 | 83.05 | 93.05 |
| Oct-2020 | 89.8 | 81.2 | 85.4 |
The Buyback is aimed to :
i) Optimize the capital structure of the company.
ii) Improve Return on Equity
iii) Increase in shareholder's value in the long-term.
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Gail (India) Limited
16, Bhikaiji Cama Place,
R. K. Puram, New Delhi-110066
Phone: 011-26170740
Email: shareholders@gail.co.in
Website: https://gailonline.com/
MCS Share Transfer Agent Limited
F-65 1st Floor,
Okhla Industrial Area,
New Delhi - 110020
Phone: (+91 11) 4140 6149
Email: admin@mcsregistrars.com
Website: http://www.mcsregistrars.com/
Lead Manager(s)
Registered Broker
The Gail India Buyback opens on Feb 25, 2021, and closes on Mar 10, 2021.
The Gail India Buyback is a Tender Offer.
Gail India Buyback Schedule
| Buyback Opening Date | Feb 25, 2021 |
| Buyback Closing Date | Mar 10, 2021 |
| Last Date for receipt of Tender Forms | Mar 12, 2021 |
| Finalisation of Buyback Acceptance | Mar 18, 2021 |
| Last Date for settlment of bids | Mar 19, 2021 |
| Last Date for Extinguishment of Shares | Mar 26, 2021 |
The Gail India Buyback is being offered at Rs ₹150 per share per equity share.
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 71 Equity Shares out of every 733 Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 4 Equity Shares out of every 297 Equity Shares held on the Record Date. |
The record date for the Gail India Buyback is Jan 28, 2021.
The issue size of Gail India Buyback is of 6.98 Crores equity shares at ₹150 per share aggregating upto ₹1,046.35 Crores.
The Buyback is aimed to :
i) Optimize the capital structure of the company.
ii) Improve Return on Equity
iii) Increase in shareholder's value in the long-term.
All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.
The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.
The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.
The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.
The Gail India Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.
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Rs 0 Eq Delivery Brokerage
Flat ₹10 Per Trade in F&O
Rs 0 Demat AMC
