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Apr 8, 2021 - Apr 26, 2021

Gujarat Apollo Industries Limited Buyback (Gujarat Apollo Industries Buyback) Detail

Gujarat Apollo provides state of the art and technically savvy crushing and screening solutions to industries like quarries, mining, construction, and recycling for over 40 years. The company manufactures equipment like crushers, static, portable, and mobile crushing and screening plants, recycled asphalt processors, mobile bridge inspection units, bucket crushers, etc.

Gujarat Apollo is renowned as the pioneer of technology like Asphalt road construction equipment.

Gujarat Apollo Industries Buyback Detail

Issue PeriodApr 8, 2021 - Apr 26, 2021
Security NameGujarat Apollo Industries Limited
Issue TypeTender Offer
Issue Size (Shares)0.09 Crores
Issue Size (Amount)₹19.13 Crores
Buyback Price₹222 per share
Face Value₹10 per share
Listing AtBSE, NSE

Gujarat Apollo Industries Buyback Issue Timetable

Offer Opens OnApr 8, 2021
Offer Closes OnApr 26, 2021
Record DateFeb 26, 2021
Last Date for receipt of Tender FormsApr 28, 2021
Finalisation of Buyback AcceptanceMay 4, 2021
Last Date for settlment of bidsMay 5, 2021
Last Date for Extinguishment of SharesMay 12, 2021

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 23 Equity Shares out of every 168 fully paid-up Equity Shares held on the Record Date
General Category for all other Eligible Shareholders 1 Equity Share out of every 16 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-20 31-Mar-19 31-Mar-18
Total Income 4,586.77 4,623.41 9,677.86
Profit After Tax 1,028.52 625.46 1,036.82
Net Worth 25,786.30 25,195.93 25,325.43

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2021 273.9 195.6 216.9
Dec-2020 218.25 187.8 200.71
Nov-2020 225 178.9 202.98

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2021 265.55 198.05 216.89
Dec-2020 219.8 191.15 200.88
Nov-2020 219.35 180.75 202.95

Necessity of the Issue

The Buy-back is being undertaken by the Company to:
i) Effectively utilize surplus cash;
ii) Reduce the fully paid-up, issued and outstanding number of equity shares and consequently increase earnings per share; and
iii) Improve financial ratios like return on net worth and return on capital employed.

Gujarat Apollo Industries Buyback Documents

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Company Contact Information

Gujarat Apollo Industries Limited
“Parishram”, 5-B, Rashmi Society,
Nr. Mithakhali Circle, Navrangpura,
Ahmedabad - 380009

Phone: +91-7228011811
Email: info@gapollo.net
Website: http://apollo.co.in/

Gujarat Apollo Industries Buyback Registrar

  1. Link Intime India Private Ltd
       Link Intime India Private Ltd
       C 101, 247 Park, L.B.S.Marg,
       Vikhroli (West), Mumbai - 400083

    Phone: +91-22-4918 6270
    Email: gujaratapollo.buyback@linkintime.co.in
    Website: https://linkintime.co.in/

Gujarat Apollo Industries Buyback Manager

Lead Manager(s)

  1. PL Capital Markets Private Limited

Registered Broker

  1. Prabhudas Lilladher Private Limited
    Email: vijayshah@plindia.com

Find Gujarat Apollo Industries Buyback Latest Update

Gujarat Apollo Industries Buyback FAQs

The Gujarat Apollo Industries Buyback opens on Apr 8, 2021, and closes on Apr 26, 2021.

The Gujarat Apollo Industries Buyback is a Tender Offer.

Gujarat Apollo Industries Buyback Schedule

Buyback Opening DateApr 8, 2021
Buyback Closing DateApr 26, 2021
Last Date for receipt of Tender FormsApr 28, 2021
Finalisation of Buyback AcceptanceMay 4, 2021
Last Date for settlment of bidsMay 5, 2021
Last Date for Extinguishment of SharesMay 12, 2021

The Gujarat Apollo Industries Buyback is being offered at Rs ₹222 per share per equity share.

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 23 Equity Shares out of every 168 fully paid-up Equity Shares held on the Record Date
General Category for all other Eligible Shareholders 1 Equity Share out of every 16 fully paid-up Equity Shares held on the Record Date

The record date for the Gujarat Apollo Industries Buyback is Feb 26, 2021.

The issue size of Gujarat Apollo Industries Buyback is of 0.09 Crores equity shares at ₹222 per share aggregating upto ₹19.13 Crores.

The Buy-back is being undertaken by the Company to:
i) Effectively utilize surplus cash;
ii) Reduce the fully paid-up, issued and outstanding number of equity shares and consequently increase earnings per share; and
iii) Improve financial ratios like return on net worth and return on capital employed.

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 Gujarat Apollo Industries 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.


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