Filatex India Buyback vs Gail India Buyback

Comparision between Filatex India Buyback and Gail India Buyback.

Buyback Details

Filatex India Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Gail India Buyback is a Tender Offer proposed to list at BSE, NSE.

Filatex India Limited

Gail (India) Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹2 per share

₹10 per share

Buyback Price

₹140 per share

₹150 per share

Issue Size

42,50,000 shares

6,97,56,641 shares

Issue Size (Amount)

₹59.50 Crores

₹1,046.35 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	23 Equity Share out of every 226 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	8 Equity Share out of every 485 Fully paid-up Equity Shares held on the Record Date.

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	71 Equity Shares out of every 733 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	4 Equity Shares out of every 297 Equity Shares held on the Record Date.

Registrar

Mcs Share Transfer Agent Limited

Lead Managers

Corporate Professionals Capital Private Ltd

Idbi Capital Market Services Limited

Necessity of the buyback

The buyback is being undertaken for the following reasons:

1. The Buyback will help the company to distribute surplus cash to its shareholders holding Equity shares broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders.

2. The Buyback would help in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the company.

The Buyback is aimed to :
i) Optimize the capital structure of the company.
ii) Improve Return on Equity
iii) Increase in shareholder's value in the long-term.

Buyback Timetable

Filatex India Buyback and Gail India Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Filatex India Buyback Buyback record date is Apr 08, 2022. Gail India Buyback Buyback record date is Jan 28, 2021.

	Filatex India Limited	Gail (India) Limited
Record Date	Apr 08, 2022	Jan 28, 2021
Offer Open Date	May 09, 2022	Feb 25, 2021
Offer Closure Date	May 23, 2022	Mar 10, 2021
Last date for receipt of tender forms	May 23, 2022	Mar 12, 2021
Finalisation of buyback	May 27, 2022	Mar 18, 2021
Last Date for settlment of bids	Jun 01, 2022	Mar 19, 2021
Last Date for extinguishment of shares	Jun 08, 2022	Mar 26, 2021

Financial Details and Other Relevent Information

Comparison of Filatex India Buyback and Gail India Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Filatex India Limited

Gail (India) Limited

Financial

Summary of financial Information (standalone)
Particulars	For the year/period ended (Rs. in Lakhs)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	2,23,660.74	2,79,448.95	2,88,588.53
Profit After Tax	16,583.32	12,147.04	8,484.60
Net Worth	68,976.87	52,272.04	39,934.67
Reserves and Surplus	64,560.51	47,878.34	35,584.67

Summary of financial Information (standalone)
Particulars	For the year/period ended (Rs. in Crores)
	31-Mar-20	31-Mar-19	31-Mar-18
Total Income	73,293.19	76,671.57	54,812.49
Profit After Tax	6,620.63	6,025.67	4,618.41
Net Worth	41,853.99	39,202.06	35,241.50

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Feb-2022	129.80	101.15	119.89
Jan-2022	142.30	96.50	118.36
Dec-2021	103.90	72.50	90.82

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Dec-2020	128.75	103.30	121.18
Nov-2020	106.60	83.10	93.03
Oct-2020	89.50	81.25	85.38

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Feb-2022	129.35	101.00	120.46
Jan-2022	142.80	96.55	120.76
Dec-2021	104.00	72.35	91.36

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Dec-2020	128.80	103.10	121.20
Nov-2020	106.70	83.05	93.05
Oct-2020	89.80	81.20	85.40

Compare with others

Filatex India Limited	Gail (India) Limited
IndiaMART InterMESH Buyback	Suprajit Engineering Buyback
Sinclairs Hotels Buyback	Bharat Rasayan Buyback
Sarda Energy & Minerals Buyback	Jagran Prakashan Buyback
UPL Limited Buyback 2022	Nava Bharat Ventures Buyback
GAIL (India) Buyback	Indian Toners & Developers Buyback
Atul Limited Buyback	NALCO Buyback
Pennar Industries Buyback	Neelamalai Agro Buyback
Gulf Oil Lubricants Buyback Feb 22	VRL Logistics Buyback
FDC Buyback	Anup Engineering Buyback
K.P.R Mill Buyback	Atul Buyback

Comments

Add a public comment...