Tender Offer | ₹85.00 Crores | Listed at BSE, NSE | Fri, Mar 25, 2022 - Thu, Apr 7, 2022
Gulf Oil Lubricants India Ltd Buyback is a tender offer for the repurchase of up to 0.14 crore equity shares at a buyback price of ₹600 per share with a face value of ₹2 per share, aggregating to ₹85.00 crores.
The record date for determining eligible shareholders is Feb 21, 2022. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Mar 25, 2022 and closes on Apr 7, 2022, with the last date for receipt of tender forms being Apr 7, 2022.
The finalisation of buyback acceptance is expected on Apr 19, 2022, followed by settlement of bids on Apr 20, 2022.
Motilal Oswal Investment Advisors Ltd. is the Manager to the Buyback and Kfin Technologies Ltd. is the Registrar and Motilal Oswal Financial Services Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Gulf Oil Lubricants India Ltd Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Fri, Mar 25, 2022
Offer Closing Date
Thu, Apr 7, 2022
Buyback Price
₹600 per share
Record Date
February 21, 2022
| 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. |
| 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 |
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.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2022 | 502.90 | 445.00 | 462.26 |
| Dec-2021 | 528.40 | 427.95 | 469.32 |
| Nov-2021 | 614.60 | 499.00 | 582.56 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2022 | 503.00 | 445.50 | 462.28 |
| Dec-2021 | 531.85 | 425.00 | 469.17 |
| Nov-2021 | 617.55 | 499.75 | 583.12 |
Gulf Oil Lubricants India Ltd
IN Centre, 49/50, 12th Road,
M.I.D.C Andheri (East) Mumbai, 400093
Andheri, Maharashtra, 400093
Lead Manager(s)
Registered Broker
The Gulf Oil Lubricants Buyback Feb 22 opens on March 25, 2022, and closes on April 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 Date | March 25, 2022 |
| Buyback Closing Date | April 7, 2022 |
| Last Date for receipt of Tender Forms | April 7, 2022 |
| Finalisation of Buyback Acceptance | April 19, 2022 |
| Last Date for settlment of bids | April 20, 2022 |
| Last Date for Extinguishment of Shares | April 26, 2022 |
The Gulf Oil Lubricants Buyback Feb 22 is being offered at Rs ₹600 per 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. |
The issue size of Gulf Oil Lubricants Buyback Feb 22 is 14,16,667 equity shares at ₹600 per share aggregating up to ₹85.00 Crores.
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.
