Atul Limited Buyback vs Gulf Oil Lubricants Buyback Feb 22

Comparison between Atul Limited Buyback and Gulf Oil Lubricants Buyback Feb 22.

Buyback Details

Atul Limited Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Gulf Oil Lubricants Buyback Feb 22 is a Tender Offer proposed to list at BSE, NSE.

 Atul Ltd.Gulf Oil Lubricants India Ltd
LogoAtul Limited Buyback LogoGulf Oil Lubricants Buyback Feb 22 Logo
Type of BuybackOpen Market Through Stock ExchangeTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹10 per share₹2 per share
Buyback Price₹11000 per share₹600 per share
Issue Size14,16,667 shares
Issue Size (Amount)₹70.00 Crores₹85.00 Crores
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.
RegistrarMUFG Intime India Pvt.Ltd.Kfin Technologies Ltd.
Lead ManagersVivro Financial Services Pvt.Ltd.Motilal Oswal Investment Advisors Ltd.
Necessity of the buyback

The Buy-back aims to:

1. Return surplus funds to the equity shareholders of the Company.

2. Improve earnings per share by reducing the equity base, thereby leading to a long-term increase in the value of shareholders.

  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.

Buyback Timetable

Atul Limited Buyback and Gulf Oil Lubricants Buyback Feb 22 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Atul Limited Buyback Buyback record date is . Gulf Oil Lubricants Buyback Feb 22 Buyback record date is Feb 21, 2022.

 Atul Ltd.Gulf Oil Lubricants India Ltd
Record DateFeb 21, 2022
Offer Open DateApr 07, 2022Mar 25, 2022
Offer Closure DateMay 09, 2022Apr 07, 2022
Last date for receipt of tender formsApr 07, 2022
Finalisation of buybackApr 19, 2022
Last Date for settlment of bidsApr 20, 2022
Last Date for extinguishment of sharesApr 26, 2022

Financial Details and Other Relevent Information

Comparison of Atul Limited Buyback and Gulf Oil Lubricants Buyback Feb 22 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Atul Ltd.Gulf Oil Lubricants India Ltd
Financial
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Crores)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Income 3,834.45 4,171.10 4,072.67
Profit After Tax 660.02 670.91 436.02
Net Worth 3,826.52 3,154.90 2,705.71
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

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2022 9852.10 8627.90 9361.13
Jan-2022 10859.00 8966.80 9709.73
Dec-2021 9121.75 8302.30 8787.72

Stock price at BSE (in preceding 3 months)

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
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2022 9899.95 8622.05 9359.34
Jan-2022 10856.80 8964.05 9714.97
Dec-2021 9124.70 8313.45 8784.29

Stock price at NSE (in preceding 3 months)

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

Compare with others

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Atul Limited Buyback and Gulf Oil Lubricants Buyback Feb 22