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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)56,985,463.00
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

Record DateApr 22, 2022
Offer Opens OnMay 25, 2022
Last Date for receipt of Tender FormsJun 14, 2022
Offer Closes OnJun 7, 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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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

GAIL (India) Buyback FAQs

The GAIL (India) Buyback opens on May 25, 2022, and closes on Jun 7, 2022.

The GAIL (India) Buyback last day to buy is not available as of now.

The GAIL (India) Buyback is a Tender Offer.

GAIL (India) Buyback Schedule

Buyback Opening DateMay 25, 2022
Buyback Closing DateJun 7, 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

The GAIL (India) Buyback is being offered at Rs ₹190 per share per equity share.

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.

You could sell GAIL (India) Buyback on Apr 21, 2022 to remain eligible for buyback. The record date for GAIL (India) Buyback buyback is Apr 22, 2022.

The record date for the GAIL (India) Buyback is Apr 22, 2022.

The issue size of GAIL (India) Buyback is of 56,985,463.00 equity shares at ₹190 per share aggregating upto ₹1,082.72 Crores.

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.

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.


44 Comments

44. Prashant Namdeo     Link|Jul 18, 2022 1:53:22 PM
GAIL BUY back amount is still not received, can anyone have any information by when this will be credited.
43. sateesh     Link|Jul 12, 2022 1:22:38 AM
Refund not yet credited to my account. Can any one update current status of payment ?
42. Zaidur Rahman     Link|Jun 27, 2022 12:56:44 PM
When payment will start.
41. Piyush Shukla     Link|Jun 21, 2022 2:52:52 PM
I missed this golden oportunity of this buyback..only god knows how I will I cover the cost when my buying cost is 168 and stock is trading in 130s and I forgot to apply on buyback..that 7-8 days window was quite less and some how I checked just after last date
40. Vinodbhalala     Link|Jun 15, 2022 2:46:56 PM
24% ad
40.1. P.g.patel     Link|Jun 15, 2022 10:59:47 PM
Good 👍
40.2. ashish     Link|Jun 16, 2022 2:33:00 PM
i tendered 1000 shares accepted 465
39. ArunAgassi     Link|Jun 16, 2022 10:35:04 AM
I tendered all my 1220 shares by buyback. They debited all 1220 shared. So acceptance is 100% for retail?
39.1. AvinashUppalapati     Link|Jun 16, 2022 11:32:54 AM
You will be returned with unaccepted shares by evening
38. Arjun     Link|Jun 16, 2022 11:17:50 AM
Gail : Amount not added and shares still not shown in Zerodha..is it same for all?
when we will see shares
37. Mohsin     Link|Jun 15, 2022 9:09:35 PM
Hello experts ,
Something happed in my gail buyback case.
Holding on record date : 270 shares
Got mail ER about 21 shares.
I applied 60 shares.
Now as Retail AR need to be accepted all 60 ( 270× 24.5% AR = 65 )
But they accepted only 28 shares.
Now where to ask this matter.
37.2. Mohsin patel     Link|Jun 16, 2022 12:18:44 AM
Thank you very much sir ,
After record date always share down 8-10% so sold out shares.
Anyways now understood method of acceptance.
Surely take care in zydus, bsoft & matrimony.

Sir what about bsoft general category ER-AR as promoters not participate can we expect ER-AR more thn retail small share holders category.
37.3. AvinashUppalapati     Link|Jun 16, 2022 9:18:47 AM
I expect birla soft general and retail category acceptance more or less near same
36. raj kumar     Link|Jun 15, 2022 8:41:13 PM
i tendered 400 share .plz let me know how many share are expected to be accepted ?
and when amount will credit in a./c
35. Jayesh     Link|Jun 15, 2022 5:28:45 PM
When will be buy back executed, on Which date we know that number of shared accepted? Thanks
35.1. Girish Tiwari     Link|Jun 15, 2022 8:05:59 PM
24.45% is AR DECLARED TODAY
34. DHANPAL SINGH     Link|Jun 7, 2022 9:04:17 PM
I have tendered 800 shares for gail buyback. Plz let me know how many shares are expected to be accepted?
34.4. ANJAY AMBASTA     Link|Jun 15, 2022 5:29:07 PM
196 only.
34.5. Achin     Link|Jun 15, 2022 6:57:35 PM
For me , out of 900 shares , 221 shares has been accepted
33. Vasanth     Link|Jun 7, 2022 7:21:19 PM
I submitted 1100 shares. What will be accepting ratio.
33.2. vishal     Link|Jun 15, 2022 9:38:52 AM
U r eligible in RETAIL CATEGARY
33.3. smile     Link|Jun 15, 2022 4:35:58 PM
@vasant acceptance for you will be near about 250 shares. and be sure you are a retail investor.
32. Wannabe Value Investor     Link|Jun 9, 2022 1:57:43 PM
@techuser I would not consider such a person to be an expert.
31. ColdBurger     Link|May 14, 2022 7:46:49 PM
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.
31.5. amit K singh   I Like It. 2|  Link|Jun 7, 2022 9:01:54 PM
Total retail quota is 8547820, individual bids 56099189 shares. assuming 40% of individual investors are retail, AR comes to around 38%.. let's see how will the final AR ..
31.6. KAMMA SIVA RAMA KRISHNA   I Like It. 1|  Link|Jun 8, 2022 12:30:22 AM
Amit Sir,
Thank you very much for your update regarding the bids submitted by individual investors and your assessment of the AR in respect of the Retail Category.
30. Prasad     Link|Jun 3, 2022 3:16:36 AM
Can we apply whole qty instead of entitled,
I hv 556 and entitlement is 43
Will my bid be placed successfully
30.4. AvinashUppalapati     Link|Jun 4, 2022 5:29:56 PM
It will be considered as valid bid
30.5. Smile.     Link|Jun 4, 2022 8:32:21 PM
If you submit 43 all 43 will get accepted.
If you submit all more than 43 will get accepted.
29. Alok Kumar Sahu     Link|May 31, 2022 11:50:11 AM
I have not received the email regarding entitlement. Whom shall I ask about it?
29.1. AvinashUppalapati     Link|Jun 2, 2022 12:15:10 PM
You can check registrar website for finding out the entitlement value for your shares
Even for me I havnt received email for 1 account
28. CoolAsh     Link|Jun 1, 2022 12:24:08 PM
I have 2150 shares of GAIL. Should I tender them all?
28.2. CoolAshi     Link|Jun 2, 2022 8:06:38 AM
@Kamma. Thanks. The offer says 2 shares for evey 25 reserved for small share holders and 2 shares for every 179 reserved for others. What does this mean? Does it indicate that I must tender less than 2 lakhs value to eligible for 2 for every 25 offer? Thats where I am confused
28.3. AvinashUppalapati     Link|Jun 2, 2022 12:14:12 PM
Hi

Its value of shares as òn record date.
Since you have more than 2 lakh worth shares on record date, You are in general category so your eligibility is less than retail investors
But still tender full shares so you will get maximum benefit
27. Wannabe Value Investor     Link|Apr 4, 2022 12:17:59 PM
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?
27.4. Raj     Link|May 29, 2022 12:05:27 AM
An added positive is that you will not be taxed on the capital gains since it is a tender offer- as per value research online
27.5. Vibhor Saxena     Link|May 30, 2022 12:00:36 PM
@Wannable Value Investor
Don't worry
it is completely tax free as we are opting for tender route
company itself is paying taxes at 23.296%
that is why exempt for shareholders
if someone is saying it will be taxable under Capital Gain
They do not have any knowledge of taxation
26. Bala     Link|May 25, 2022 12:27:53 PM
Can anyone tell how to participate in buyback from HDFC demat and trading account. Not seeing any options today morning.
26.1. Raj     Link|May 28, 2022 11:57:11 PM
From ''Equity" header go to buyback section- demat balence you will see all available shares for buyback offer
25. Rakesh Arora     Link|May 27, 2022 12:17:55 PM
I have 800 shares of GAIL with paytm and dont fund any option to bid for buy back. Seek guidance on this from experts and Team Chittorgarh.