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Mar 25, 2022 - Apr 7, 2022

Gulf Oil Lubricants India Ltd Buyback (Gulf Oil Lubricants Buyback Feb 22) Detail

Gulf Oil Lubricants India Ltd (GOLIL), a part of Gulf Oil International (GOI) is a leading company in the Indian lubcricants industry. It is one of the fastest growing lubcricant player in the Automotive and Industrial segment. It supplies products directly to OEMs, and B2B customers across industries i.e. Mining, infrastructure, transport, etc. Ashok Leyland, Mahindra, MAN, Swaraj Volvo Penta, Bharat Benz Whitmore, Schwing Stetter, and Bajaj are some of its customers.

The company has a fully-automated blending plant in Silvassa and a lubricant plant at Ennore, Chennai.

Gulf Oil Lubricants Buyback Feb 22 Detail

Issue PeriodMar 25, 2022 - Apr 7, 2022
Security NameGulf Oil Lubricants India Ltd
Issue TypeTender Offer
Issue Size (Shares)1,416,667.00
Issue Size (Amount)₹85.00 Crores
Buyback Price₹600 per share
Face Value₹2 per share
Listing AtBSE, NSE

Gulf Oil Lubricants Buyback Feb 22 Issue Timetable

Record DateFeb 21, 2022
Offer Opens OnMar 25, 2022
Last Date for receipt of Tender FormsApr 7, 2022
Offer Closes OnApr 7, 2022
Finalisation of Buyback AcceptanceApr 19, 2022
Last Date for settlment of bidsApr 20, 2022
Last Date for Extinguishment of SharesApr 26, 2022

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 27 Equity Shares for every 374 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 9 Equity Shares for every 355 Equity Shares held on the Record Date.

Company Financials

Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 17,042.64 16,790.46 17,353.35
Profit After Tax 2,000.85 2,025.21 1,777.82
Net Worth 8,693.76 7,613.07 5,867.43
Reserves and Surplus 8,593.14 7,512.86 5,767.83

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2022 502.9 445 462.26
Dec-2021 528.4 427.95 469.32
Nov-2021 614.6 499 582.56

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2022 503 445.5 462.28
Dec-2021 531.85 425 469.17
Nov-2021 617.55 499.75 583.12

Necessity of the Issue

  1. To distribute surplus cash to shareholders holding equity shares in proportion to their shareholdings.
  2. To improve financial ratios like earnings per share and return on equity by reducing the company's equity base.

Gulf Oil Lubricants Buyback Feb 22 Documents

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Company Contact Information

Gulf Oil Lubricants India Ltd
IN Centre, 49/50, 12th Road,
M.I.D.C Andheri (East) Mumbai, 400093


Phone: (+91) 22 6648 7777
Email: secretarial@gulfoil.co.in
Website: http://www.gulfoilindia.com/

Gulf Oil Lubricants Buyback Feb 22 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: gulfoil.buyback@kfintech.com
    Website: https://karisma.kfintech.com/

Gulf Oil Lubricants Buyback Feb 22 Manager

Lead Manager(s)

  1. Motilal Oswal Investment Advisors Pvt Ltd

Registered Broker

  1. Motilal Oswal Financial Services Limited
    Email: ksharma@motilaloswal.com

Find Gulf Oil Lubricants Buyback Feb 22 Latest Update

Gulf Oil Lubricants Buyback Feb 22 FAQs

The Gulf Oil Lubricants Buyback Feb 22 opens on Mar 25, 2022, and closes on Apr 7, 2022.

The Gulf Oil Lubricants Buyback Feb 22 last day to buy is not available as of now.

The Gulf Oil Lubricants Buyback Feb 22 is a Tender Offer.

Gulf Oil Lubricants Buyback Feb 22 Schedule

Buyback Opening DateMar 25, 2022
Buyback Closing DateApr 7, 2022
Last Date for receipt of Tender FormsApr 7, 2022
Finalisation of Buyback AcceptanceApr 19, 2022
Last Date for settlment of bidsApr 20, 2022
Last Date for Extinguishment of SharesApr 26, 2022

The Gulf Oil Lubricants Buyback Feb 22 is being offered at Rs ₹600 per share per equity share.

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 27 Equity Shares for every 374 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 9 Equity Shares for every 355 Equity Shares held on the Record Date.

You could sell Gulf Oil Lubricants Buyback Feb 22 on Feb 18, 2022 to remain eligible for buyback. The record date for Gulf Oil Lubricants Buyback Feb 22 buyback is Feb 21, 2022.

The record date for the Gulf Oil Lubricants Buyback Feb 22 is Feb 21, 2022.

The issue size of Gulf Oil Lubricants Buyback Feb 22 is of 1,416,667.00 equity shares at ₹600 per share aggregating upto ₹85.00 Crores.

  1. To distribute surplus cash to shareholders holding equity shares in proportion to their shareholdings.
  2. To improve financial ratios like earnings per share and return on equity by reducing the company's equity base.

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 Gulf Oil Lubricants Buyback Feb 22 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.


13 Comments

13. KAMMA SIVA RAMA KRISHNA     Link|Apr 19, 2022 8:33:25 PM
Any information regarding the Acceptance Ratio in general category, if shared, will be appreciated. Thank you.
13.1. SARITA S     Link|Apr 20, 2022 2:32:05 PM
6.7% AR in Gen category.
13.2. KAMMA SIVA RAMA KRISHNA     Link|Apr 20, 2022 2:35:53 PM
Sarita ji,
Thank you very much for your kind information. God blesses you with all the best.
12. KAMMA SIVA RAMA KRISHNA     Link|Apr 19, 2022 7:29:13 PM
92/360. AR is around 25.5%.
11. Nital Shah     Link|Apr 4, 2022 3:16:44 PM
HOW TO CHECK IN NSE & BSE NUMBER OF PARTICIPANT OF SHARES...

PLEASE GIVE ME A WEB ( ADDRESS)
10. Sunsan     Link|Mar 25, 2022 2:15:15 PM
How to Tender Shares for buyback in Groww?
9. Suraj Tank     Link|Mar 17, 2022 9:38:42 PM
Expected AR in general category?
8. Akshu     Link|Mar 11, 2022 10:11:48 AM
hey ksrk and lokesh can you brief me about pennar ind buyback.
8.1. IPO Mitr   I Like It. 1|  Link|Mar 16, 2022 3:34:26 AM
Pennar buyback is through Open Market route and will not be very beneficial for new investors of this stock.
7. KAMMA SIVA RAMA KRISHNA     Link|Feb 14, 2022 9:23:10 AM
Gulf Oil Lubricants India Limited Buyback Particulars:
Buyback size: upto 14,16,667 shares
Buyback price : Rs. 600/-
Mode : Through Tender Offer
Record date : February 21, 2022
Happy investing to all of you. Thank you.
7.3. IPO Mitr   I Like It. 1|  Link|Mar 9, 2022 10:39:29 AM
Please replace "IPO" with "Buyback" in above query.
7.4. drskbajaj     Link|Mar 16, 2022 1:18:38 AM
Do you have any idea where I can check Escorts offer to buy live status. Issue opened on 14.3.22
Thanks
6. drskbajaj     Link|Mar 12, 2022 10:01:59 PM
ER 27/374
dates 25.3.22 to 7.4.22
5. Mitesh Thacker     Link|Mar 8, 2022 12:31:59 PM
when tender offer expected to start ?
4. BADAHAH     Link|Feb 19, 2022 9:03:12 PM
Dear sir KAMMA SIVA RAMA KRISHNA
Ji Buy back keshe kam karta he thoda bata sakte ho
4.1. lokes     Link|Feb 20, 2022 2:03:37 AM
you can get more info on buyback from here:
https://www.chittorgarh.com/article/buyback-of-shares-meaning-procedure-and-taxation/517/
https://investorzone.in/everything-about-the-buyback-you-want-to-know/

you need to buy shares upto 2 days before record date to be eligible(below 2 lakh amount to be under retail category which has 15% reservation so generally more shares are accepted back by company in retail category)
2 lakhs amount is decided as per no. of shares holding on record date as per share price on record date. You will get buyback mail from registrar in around 2-3 weeks after record date is over for your eligibility and shares holding on record date. you can place order from your broker site for all shares as holded on record date as per mail. In buyback mail, dates will be mentioned for tender period (around 2 weeks) upto which you can tender shares with your broker.
Also read below link info for zerodha. For other brokers, you can call them to know how to place order for tendering shares when buyback period opens.
https://support.zerodha.com/category/trading-and-markets/corporate-actions/articles/how-do-i-apply-for-buy-back
3. Cyberdude     Link|Feb 18, 2022 3:16:42 PM
Can I buy it today and still be part of buy back or I missed the train?
Also if I buy only one share, then it will be 100% accepted and I will get 600 against the buy price of 515? will there be any other charges or it will be 85 Rs. profit?
3.1. KAMMA SIVA RAMA KRISHNA     Link|Feb 18, 2022 9:25:50 PM
You missed the train.
2. Suraj Tank     Link|Feb 18, 2022 7:30:56 PM
Appreciate your regular guidance on buybacks Kamma Siva Rama Krishna ji
2.1. KAMMA SIVA RAMA KRISHNA     Link|Feb 18, 2022 9:23:58 PM
Suraj ji,
Thank you very much for your kind words.
1. Arjun     Link|Feb 17, 2022 11:55:09 PM
what is the last date to buy stock to be eligible
1.1. KAMMA SIVA RAMA KRISHNA     Link|Feb 18, 2022 8:36:35 AM
17/02/2022