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Feb 25, 2021 - Mar 10, 2021

Gail (India) Limited Buyback (Gail India Buyback) Detail

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 .

Gail India Buyback Detail

Issue PeriodFeb 25, 2021 - Mar 10, 2021
Security NameGail (India) Limited
Issue TypeTender 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 AtBSE, NSE

Gail India Buyback Issue Timetable

Offer Opens OnFeb 25, 2021
Offer Closes OnMar 10, 2021
Record DateJan 28, 2021
Last Date for receipt of Tender FormsMar 12, 2021
Finalisation of Buyback AcceptanceMar 18, 2021
Last Date for settlment of bidsMar 19, 2021
Last Date for Extinguishment of SharesMar 26, 2021

Buyback Ratio

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.

Company Financials

Summary of financial Information (standalone)
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

Stock price at BSE (in preceding 3 months)

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

Stock price at NSE (in preceding 3 months)

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

Necessity of the Issue

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.

Gail India Buyback Documents

Gail India Buyback Rating

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Company Contact Information

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/

Gail India Buyback Registrar

  1. 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/

Gail India Buyback Manager

Lead Manager(s)

  1. IDBI Capital Market Services Limited

Registered Broker

  1. IDBI Capital Markets & Securities Limited
    Email: charushila.parkar@idbicapital.com

Find Gail India Buyback Latest Update

Gail India Buyback FAQs

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 DateFeb 25, 2021
Buyback Closing DateMar 10, 2021
Last Date for receipt of Tender FormsMar 12, 2021
Finalisation of Buyback AcceptanceMar 18, 2021
Last Date for settlment of bidsMar 19, 2021
Last Date for Extinguishment of SharesMar 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.


3 Comments

3. Iposplmst  Mar 5, 2021 08:07 I Like It. | Report Abuse Reply
What is expected acceptance ration for retail investor?
3.1. amit K singh  Mar 7, 2021 08:01 I Like It. | Report Abuse
As current market price is around BB price, AR is expected to be 100%.
2. amit K singh  Feb 25, 2021 13:54 I Like It. | Report Abuse Reply
The GAIL buyback is following NMDC BB... already cross bb price...
1. amit K singh  Feb 25, 2021 06:24 I Like It. | Report Abuse Reply
Gail buyback opens today till 10 mar. Settlement date 19 mar..