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Established in 1985, Gandhi Tubes is a leading manufacturer of tubes for manufacturing of automobile components . The company products can be mainly categorized into: Cold Drawn Bright Annealed Seamless Tubes, Precision Electric Resistance Welded Tubes, Cold Formed Coupling Nuts, High Pressure Diesel Fuel Injection Tubes. Company's products are marketed all over India and exported all over the world.
The company has 3 manufacturing plants located at Halol (near Vadodara) in Gujarat, with an approximate area of 20 acres and a construction shed of approximately 2.5 lakh sq.ft.
| Issue Period | Sep 21, 2021 - Oct 4, 2021 |
| Security Name | Gandhi Special Tubes Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 0.08 Crores |
| Issue Size (Amount) | ₹42.16 Crores |
| Buyback Price | ₹550 per share |
| Face Value | ₹5 per share |
| Listing At | BSE, NSE |
| Offer Opens On | Sep 21, 2021 |
| Offer Closes On | Oct 4, 2021 |
| Record Date | Aug 31, 2021 |
| Last Date for receipt of Tender Forms | Oct 6, 2021 |
| Finalisation of Buyback Acceptance | Oct 12, 2021 |
| Last Date for settlment of bids | Oct 13, 2021 |
| Last Date for Extinguishment of Shares | Oct 20, 2021 |
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 1 Equity Shares out of every 8 fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 12 Equity Shares out of every 221 fully paid-up Equity Shares held on the Record Date. |
| Particulars | For the year/period ended (Rs.in Lakhs) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Income | 11,965.50 | 8,664.96 | 13,061.55 |
| Profit After Tax | 3,615.23 | 2,137.28 | 3,863.13 |
| Net Worth | 16,890.22 | 14,352.80 | 19,845.45 |
| Reserves and Surplus | 16,244.29 | 13,706.87 | 19,154.52 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Aug-2021 | 557.85 | 432.9 | 483.73 |
| Jul-2021 | 500 | 422.3 | 455.3 |
| Jun-2021 | 442.05 | 310.1 | 374 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Aug-2021 | 558.85 | 432.65 | 483.88 |
| Jul-2021 | 492.45 | 423 | 455.38 |
| Jun-2021 | 441.7 | 310.05 | 374.02 |
The Buyback aims to :
i) Return surplus cash to the shareholders, thereby, optimizing returns to the shareholders and enhancing the overall shareholders’ value.
ii) Improve Return on Equity, Earnings per share, enhance return on invested capital, and thereby enhance shareholder value in the long term.
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Gandhi Special Tubes Limited
201-204, 2nd Floor,
Plaza, 55, Hughes Road, Next to Dharam Palace,
Mumbai 400007, Maharashtra,
Phone: +91-22-2363 4179
Email: complianceofficer@gandhitubes.com
Website: https://www.gandhispecialtubes.com/
KFin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: gstl.buyback2021@kfintech.com
Website: https://karisma.kfintech.com/
Lead Manager(s)
Registered Broker
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Unfortunately, the resultant amount of Rs.75350/- regarding the Buyback of the 137 accepted shares is yet to be credited to the bank/ trading account. On 14th, I have mailed to the Registrar n also to my booking agent with all the required particulars. Eagerly waiting for the response from them. I am hopeful that the due amount will be credited by 3 or 4 working days. Thank you.