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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)0.14 Crores
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

Offer Opens OnMar 25, 2022
Offer Closes OnApr 7, 2022
Record DateFeb 21, 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

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


13 Comments

13. KAMMA SIVA RAMA KRISHNA   I Like It. | Report Abuse |   Link | Apr 19, 2022 7:33:25 PM Reply
Any information regarding the Acceptance Ratio in general category, if shared, will be appreciated. Thank you.
13.1. SARITA S   I Like It. | Report Abuse |   Link | Apr 20, 2022 1:32:05 PM
6.7% AR in Gen category.
13.2. KAMMA SIVA RAMA KRISHNA   I Like It. | Report Abuse |   Link | Apr 20, 2022 1:35:53 PM
Sarita ji,
Thank you very much for your kind information. God blesses you with all the best.
12. KAMMA SIVA RAMA KRISHNA   I Like It. | Report Abuse |   Link | Apr 19, 2022 6:29:13 PM Reply
92/360. AR is around 25.5%.
11. Nital Shah   I Like It. | Report Abuse |   Link | Apr 4, 2022 2:16:44 PM Reply
HOW TO CHECK IN NSE & BSE NUMBER OF PARTICIPANT OF SHARES...

PLEASE GIVE ME A WEB ( ADDRESS)
10. Sunsan   I Like It. | Report Abuse |   Link | Mar 25, 2022 1:15:15 PM Reply
How to Tender Shares for buyback in Groww?
9. Suraj Tank   I Like It. | Report Abuse |   Link | Mar 17, 2022 8:38:42 PM Reply
Expected AR in general category?
8. Akshu   I Like It. | Report Abuse |   Link | Mar 11, 2022 9:11:48 AM Reply
hey ksrk and lokesh can you brief me about pennar ind buyback.
8.1. IPO Mitr   I Like It. 1 | Report Abuse |   Link | Mar 16, 2022 2:34:26 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   I Like It. | Report Abuse |   Link | Feb 14, 2022 8:23:10 AM Reply
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 | Report Abuse |   Link | Mar 9, 2022 9:39:29 AM
Please replace "IPO" with "Buyback" in above query.
7.4. drskbajaj   I Like It. | Report Abuse |   Link | Mar 16, 2022 12:18:38 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   I Like It. | Report Abuse |   Link | Mar 12, 2022 9:01:59 PM Reply
ER 27/374
dates 25.3.22 to 7.4.22
5. Mitesh Thacker   I Like It. | Report Abuse |   Link | Mar 8, 2022 11:31:59 AM Reply
when tender offer expected to start ?
4. BADAHAH   I Like It. | Report Abuse |   Link | Feb 19, 2022 8:03:12 PM Reply
Dear sir KAMMA SIVA RAMA KRISHNA
Ji Buy back keshe kam karta he thoda bata sakte ho
4.1. lokes   I Like It. | Report Abuse |   Link | Feb 20, 2022 1:03:37 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   I Like It. | Report Abuse |   Link | Feb 18, 2022 2:16:42 PM Reply
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   I Like It. | Report Abuse |   Link | Feb 18, 2022 8:25:50 PM
You missed the train.
2. Suraj Tank   I Like It. | Report Abuse |   Link | Feb 18, 2022 6:30:56 PM Reply
Appreciate your regular guidance on buybacks Kamma Siva Rama Krishna ji
2.1. KAMMA SIVA RAMA KRISHNA   I Like It. | Report Abuse |   Link | Feb 18, 2022 8:23:58 PM
Suraj ji,
Thank you very much for your kind words.
1. Arjun   I Like It. | Report Abuse |   Link | Feb 17, 2022 10:55:09 PM Reply
what is the last date to buy stock to be eligible
1.1. KAMMA SIVA RAMA KRISHNA   I Like It. | Report Abuse |   Link | Feb 18, 2022 7:36:35 AM
17/02/2022