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May 25, 2022 - Jun 7, 2022

GAIL (India) Limited Buyback (GAIL (India) Buyback) Detail

GAIL (India) Limited is a natural gas company that engages in the business of production, transmission, trading and exploration of natural gas, petrochemicals, LPG, LNG re-gasification, Liquid Hydrocarbons, etc. The company owns and operates a network of around 13,340 km of natural gas pipelines spread across the country. GAIL (India) Limited was incorporated in 1984.

GAIL (India) Buyback Detail

Issue PeriodMay 25, 2022 - Jun 7, 2022
Security NameGAIL (India) Limited
Issue TypeTender Offer
Issue Size (Shares)5.70 Crores
Issue Size (Amount)₹1,082.72 Crores
Buyback Price₹190 per share
Face Value₹10 per share
Listing AtBSE, NSE

GAIL (India) Buyback Issue Timetable

Offer Opens OnMay 25, 2022
Offer Closes OnJun 7, 2022
Record DateApr 22, 2022
Last Date for receipt of Tender FormsJun 14, 2022
Finalisation of Buyback AcceptanceJun 15, 2022
Last Date for settlment of bidsJun 16, 2022
Last Date for Extinguishment of SharesJun 23, 2022

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 2 Equity Shares for every 25 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 2 Equity Shares for every 179 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-21 31-Mar-20 31-Mar-19
Total Income 58,742.25 73,293.19 76,671.57
Profit After Tax 4,890.18 6,620.63 6,025.67
Net Worth 43,378.72 41,949.79 39,202.06
Reserves and Surplus 38,938.33 37,439.65 36,946.99

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2021 171.35 145.4 156.22
Nov-2021 154.75 128.9 144.29
Dec-2021 137.25 125.2 131.36

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2021 171.3 145.5 156.23
Nov-2021 154.8 128.95 144.26
Dec-2021 137.25 125.2 131.33

Necessity of the Issue

The buyback is being undertaken for the following reasons:

1. The Buyback would help in improving capital structure and return on equity, by reducing the equity base of the company, thereby leading to a long term increase in shareholders' value.

GAIL (India) Buyback Documents

GAIL (India) Buyback Rating

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Rating:Rated 4.4 stars
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GAIL (India) Buyback Reviews

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Company Contact Information

GAIL (India) Limited
GAIL Bhawan,
16 Bhikaji Cama Place,
R K Puram, New Delhi - 110066

Phone: 011-26172580, 261829
Email: shareholders@gail.co.in
Website: https://www.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


22 Comments

22. ColdBurger   I Like It. | Report Abuse |   Link | May 14, 2022 6:46:49 PM Reply
ER is just 8% Hope AR is better and above 40%. Due to market conditions tough to guess. I exited @173 and think it was good decision in such turbulent times.
22.1. amit K singh   I Like It. | Report Abuse |   Link | May 15, 2022 4:21:16 PM
Yes AR will be around 35 to 40% .. it was good decision to exit st 173rs. I also sold 50% at rs 171.. Will go through buy back cycle for remaining 50%.. hope remaining unaccepted shares are only profit -free shares...
22.2. KAMMA SIVA RAMA KRISHNA   I Like It. | Report Abuse |   Link | May 16, 2022 10:57:53 AM
Amit ji,
I am also hopefully looking forward for the AR of around 40%. But I am afraid that it may be around 30% only. Let’s wait and see. Thank you.
21. Sachin   I Like It. | Report Abuse |   Link | May 14, 2022 6:07:12 PM Reply
anyone got mail from company
21.1. Mohsin patel   I Like It. | Report Abuse |   Link | May 14, 2022 11:21:29 PM
Yes i got mail. But it was in spam.
21 share out of 275 shares on record date.
20. Aashu Kumar   I Like It. | Report Abuse |   Link | May 14, 2022 6:45:08 AM Reply
I just purchased 20 shares of GAIL last week @ net rate of 152. Will I be eligible for buyback? And if eligible, for how many? Suggestions are welcome.
20.1. ColdBurger   I Like It. | Report Abuse |   Link | May 14, 2022 8:41:46 AM
No you had to buy before 21 April to participate in buyback. You can sell the shares in open market during tender period if price appreciate.
19. AvinashUppalapati   I Like It. | Report Abuse |   Link | May 13, 2022 6:59:35 PM Reply
Small shareholder entitlement is 2 shares out of 25 shares and for general shareholders its 2 per 179

Opening date of buyback is 25th may and closes on jun 7th.
settlement will happen on jun 16
19.1. U. K.   I Like It. | Report Abuse |   Link | May 13, 2022 8:24:12 PM
Seems like days of buyback are gone. Approx two month wait, high holdings period, Lot of fluctuations in market and such outcomes. I think avoid all buybacks
18. mehtaankitk   I Like It. | Report Abuse |   Link | May 13, 2022 12:27:17 PM Reply
What is the tender date for the GAIL buyback, someone please reply.
and what is ER and AR expected.
GAIL waale log so rahe hain kya?
17. DeepFuckingValue   I Like It. | Report Abuse |   Link | May 9, 2022 7:10:36 PM Reply
Is There any info when the buyback will happen ?
16. KAMMA SIVA RAMA KRISHNA   I Like It. | Report Abuse |   Link | Apr 22, 2022 9:59:46 PM Reply
The meeting of the Board of Directors of the Sarda energy n minerals Ltd. Company will be held on Saturday, 23 rd of April, 2022, to inter-alia consider Buy Back of the fully paid-up equity shares of the Company. Let us wait for the details of the buyback to take a final decision in this regard. Thank you.
16.2. ColdBurger   I Like It. | Report Abuse |   Link | Apr 23, 2022 9:55:29 PM
The scrip is on all time high already. should we take a chance? I personally being new investor worry about price crashing down sometime soon. Recent price appreciation has been steep which is another worry!
16.3. ColdBurger   I Like It. | Report Abuse |   Link | Apr 25, 2022 6:45:53 PM
Why no page open for Sarda Energy buyback?
15. Sachin   I Like It. | Report Abuse |   Link | Apr 22, 2022 8:48:32 AM Reply
Whether I sell on record date & buy on tendering date for buyback tendering
14. DSR   I Like It. | Report Abuse |   Link | Apr 18, 2022 2:36:44 PM Reply
Exited completely from all accounts 8-10% profit in short term not bad.. not going into the buyback cycle this time.
14.1. ColdBurger   I Like It. | Report Abuse |   Link | Apr 19, 2022 6:54:50 PM
I too exited @173 today with profit of 14/- per share and chose to be on safer side. The way market behaved in last 30 minutes was frightening. Those holding for buyback tender will also get good reward i guess as price appreciation has been good and two days still remaining. Guess it can touch 178-180 till then giving enough exits.
13. Asoke Sarkar   I Like It. | Report Abuse |   Link | Apr 8, 2022 7:04:35 AM Reply
As it is a small buyback unlike moil, buying below 152 may generate some profit.
13.6. ColdBurger   I Like It. | Report Abuse |   Link | Apr 12, 2022 12:17:38 PM
@KSRK Sir - Thanks for sharing your exit price estimation. Hope you have exited Moil on your pre-estimated 195 ( i think it touched). I exited moil earlier @185 (did not adjust GTT in Zerodha and it was gone in sudden spike :) ). Overall it was above 26K profit in Moil.
13.7. Wannabe Value Investor   I Like It. | Report Abuse |   Link | Apr 19, 2022 12:25:26 PM
What is the last day to buy? What is the last day to sell (if you hold above 2L) if you want to become a retail investor again?

One strategy I'm toying with, and may consider using in future buybacks is to accumulate even above 2L, and sell on the last possible day to book a small profit as others are still buying before the record date, and move back to retail.
12. Asoke Sarkar   I Like It. 1 | Report Abuse |   Link | Apr 10, 2022 8:20:36 AM Reply
I am adding some points for taking decision in this matter.
1. Last year it was a 2.5% buyback, this year it is 1.28%
2. Last year ER was 71 out of 773 (9.18%) in retail, 4 out of 297 in general.
3. So this year ER is expected to be below 5 % taking the same number of retailers.
4.Moreover, craze for participation in buyback found this year and the tax aspirants may further decrease it.
5.Last year AR was 100% as the price got near the buyback price(last year price appreciation was 12% , this year about 24%).This year AR may be in the range of 20% because of more participation .
6.Break even point for 20% AR is 150 assuming that unaccepted shares will not breach 140.
7. The company has given Rs 5 dividend some 18 days ago (before announcement of buyback )which should also be calculated.
8.psu shares are in flavour , Gas price hike have some action.
9.Buying in tranches may not be a good option here.
10. Buying below 150 as much as possible is a good option. Putting preemptive buy bid at the desired level is a good option .mila to mila, nehi to nehi.
11. I don't want to dispirit anybody but high hope can backfire.
12.1. KAMMA SIVA RAMA KRISHNA   I Like It. | Report Abuse |   Link | Apr 10, 2022 12:38:20 PM
Ashoke Sarkar ji,
Thank you very much for your kind analysis. I wholeheartedly appreciate your study. I have purchased at a higher rate of Rs. 155.20 with a positive outlook. Let us wait and see. All the best, Sir.
12.2. Manup   I Like It. | Report Abuse |   Link | Apr 15, 2022 6:27:07 PM
Thanks sir,for your detailed & informative analysis
11. Hostpacker   I Like It. | Report Abuse |   Link | Apr 12, 2022 7:01:43 PM Reply
Gail will not come back 150 or 155 . If anybody will buy on 20th April or before then they will be eligible for tender .
Expecting atleast 40 % AR here.
11.6. Hostpacker   I Like It. 1 | Report Abuse |   Link | Apr 15, 2022 12:54:34 PM
Gail Q4 profit 2761cr and total year for FY 22 . 11563 Crore that is highest profit for year
11.7. Hostpacker   I Like It. 1 | Report Abuse |   Link | Apr 15, 2022 1:13:11 PM
Above is Expected profit by ICICI Direct...
10. Chalak Lomdi   I Like It. | Report Abuse |   Link | Apr 11, 2022 12:54:23 AM Reply
Gail 2 lakh rs . ka maal 5,000 rs. fix.....
9. IPO Mitr   I Like It. 1 | Report Abuse |   Link | Apr 7, 2022 12:21:36 AM Reply
In todays market......no instrument is risk free. Novice investors should exercise special caution in buying specifically to tender those in buybacks. During end to end buyback duration, the stock will gyrate and it is upto the individual to decide their own entry point (if they decide to participate). No one can be sure that at what point in Buyback duration, the stock will be up and when it will be down. Comparing one stock to another for buyback and also comparing one buyback issue of the stock with the earlier issue of the same stock is no way fail proof. One should understand the potential risk and return from the issue and should take their own decision and avoid being guided by others. As no expert is really an expert.
9.2. IPO Mitr   I Like It. | Report Abuse |   Link | Apr 8, 2022 1:49:04 AM
You are always welcome KSRK ji.Welcome back to the forum Good to see you back...hope everything is fine at your end.
9.3. KAMMA SIVA RAMA KRISHNA   I Like It. | Report Abuse |   Link | Apr 8, 2022 11:08:41 AM
IPO Mitr ji,
Thank you very much for your kind words. Yes, everything is fine. All the best.
8. Ou Ai   I Like It. 1 | Report Abuse |   Link | Apr 1, 2022 8:57:44 AM Reply
GAIL shares like other PSU stocks will remain in price levels of 125 to 155 as in past many years. It moves up only during dividend & buy backs. Those buying it exclusively for buy back be aware that last buy back acceptance ratio was 100% , however then buy backs were not so much publicized as now.

With many more climbing buy back bandwagon , AR will be lower and GAIL as a share does not move up again as in TCS. Those happy with periodic big dividends can take chance as rest of holding will be at lower price. There is also possibility of GAIL moving to 130 + post record date, as just a week before buy back announcement it was available at 140+.. Decide on based on your own risk. Buy back will also take about 6 to 8 weeks from record date, that is close to 3 months locking funds.
8.3. captainjack   I Like It. | Report Abuse |   Link | Apr 1, 2022 7:28:04 PM
Yea its very much in overbought zone, ideal would be tu buy around 145-150.
Any profit as per expected acceptance ratio (25-30%) would be diminished by rest 70-75% share price falling back to where it belongs.
8.4. IPO Mitr   I Like It. 1 | Report Abuse |   Link | Apr 7, 2022 8:28:46 PM
@Ou Ai

Agree with your line of thinking. Not looking to buy GAIL at current levels specifically for buyback.
7. KAMMA SIVA RAMA KRISHNA   I Like It. | Report Abuse |   Link | Mar 31, 2022 6:32:51 PM Reply
Today I have purchased 1000 shares @ Rs.155.20.
7.11. amit K singh   I Like It. 1 | Report Abuse |   Link | Apr 4, 2022 10:09:24 AM
Cold burger, Usha Martin has already reached all time high, it may trade range bound now. It's my view other experts , please share your views.. this run up happened due to current demand in metal sector for Russia Ukraine war..
7.12. ColdBurger   I Like It. | Report Abuse |   Link | Apr 5, 2022 4:18:09 AM
Thanks @amit ji for the response. Yes it is range bound now. Now seems it is turn of PTC India.missed to buy at 80/-Knowing the scrip is good but some negative news was there. Hope I get opportunity @90
6. Wannabe Value Investor   I Like It. | Report Abuse |   Link | Apr 4, 2022 11:17:59 AM Reply
Wanted to ask reg. tax implications of buyback. Some say that buybacks are tax-free in the hands of the investor, while others say stcg of 15% is liable (Haven't heard people say if LTCG is applicable). Which one's correct?
6.2. Wannabe Value Investor   I Like It. | Report Abuse |   Link | Apr 4, 2022 7:50:16 PM
This article in the economic times https://economictimes.indiatimes.com/budget-faqs/what-is-buyback-tax-why-are-experts-calling-for-its-abolition/articleshow/89236772.cms is wrong, then?
6.3. Surya Chhabria   I Like It. | Report Abuse |   Link | Apr 4, 2022 8:05:55 PM
@CA Rajesh Gupta buyback in the hands of shareholders is tax free.
5. Pbdrajkot   I Like It. | Report Abuse |   Link | Apr 4, 2022 12:18:07 AM Reply
As in tcs buyback almost 10lacs plus small share holder tendered. Now it is very tough to get acceptance of 25-30% in gail
4. techuser   I Like It. | Report Abuse |   Link | Apr 1, 2022 4:15:22 PM Reply
@experts I’ve purchased 100@155, and looking to buy more 400 shares. I understand that if price goes below 155, it’s a good opportunity to buy more and average it out.

But, I’m bit of confused, what strategy we should follow if price moves higher, like it’s already 161 as of writing this. Like, can I buy more 100@165, 100@170 and so on.

I would really appreciate your views on this.
4.1. captainjack   I Like It. | Report Abuse |   Link | Apr 1, 2022 7:23:05 PM
Don't go beyond total value of more than 2 lakh if you wish to tender all shares in buyback, retail investor acceptance ratio is much higher than HNI.
4.2. techuser   I Like It. | Report Abuse |   Link | Apr 1, 2022 9:37:38 PM
@captainjack ji, thanks for your views, I agree with you. Besides that, would you please also help me what would be the best strategy if price goes up in the case where I just want buy 500 mores.
3. T S   I Like It. | Report Abuse |   Link | Mar 31, 2022 10:17:02 PM Reply
Buyback केसा ह। एक्सपर्ट प्लीज़ एडवाइस