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Sep 21, 2021 - Oct 4, 2021

Gandhi Special Tubes Limited Buyback (Gandhi Special Tubes Limited Buyback) Detail

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.

Gandhi Special Tubes Limited Buyback Detail

Issue PeriodSep 21, 2021 - Oct 4, 2021
Security NameGandhi Special Tubes Limited
Issue TypeTender Offer
Issue Size (Shares)0.08 Crores
Issue Size (Amount)₹42.16 Crores
Buyback Price₹550 per share
Face Value₹5 per share
Listing AtBSE, NSE

Gandhi Special Tubes Limited Buyback Issue Timetable

Offer Opens OnSep 21, 2021
Offer Closes OnOct 4, 2021
Record DateAug 31, 2021
Last Date for receipt of Tender FormsOct 6, 2021
Finalisation of Buyback AcceptanceOct 12, 2021
Last Date for settlment of bidsOct 13, 2021
Last Date for Extinguishment of SharesOct 20, 2021

Buyback Ratio

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.

Company Financials

Summary of financial Information (standalone)
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

Stock price at BSE (in preceding 3 months)

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

Stock price at NSE (in preceding 3 months)

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

Necessity of the Issue

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.

Gandhi Special Tubes Limited Buyback Documents

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Company Contact Information

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/

Gandhi Special Tubes Limited Buyback Registrar

  1. 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/

Gandhi Special Tubes Limited Buyback Manager

Lead Manager(s)

  1. Prime Securities Limited

Registered Broker

  1. Dalal and Broacha Stock Broking Private Limited
    Email: khushbu.shah@dalal-broacha.com

Find Gandhi Special Tubes Limited Buyback Latest Update


2 Comments

Aniket ji,
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.
2.7. amit K singh  
👍
Amit ji,
Thank you very much for your……. .
1. Mit...  
Any updates regarding star cement buy back