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Atul Limited Buyback vs Gail India Buyback

Comparision between Atul Limited Buyback and Gail India Buyback.

Buyback Details

Atul Limited Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Gail India Buyback is a Tender Offer proposed to list at BSE, NSE.

  Atul Limited Gail (India) Limited
Logo Atul Limited Buyback Logo Gail India Buyback Logo
Type of Buyback Open Market Through Stock Exchange Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹10 per share ₹10 per share
Buyback Price ₹11000 per share ₹150 per share
Issue Size 6,97,56,641 shares
Issue Size (Amount) ₹70.00 Crores ₹1,046.35 Crores
Buyback Ratio
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 Link Intime India Private Ltd Mcs Share Transfer Agent Limited
Lead Managers Vivro Financial Services Private Limited Idbi Capital Market Services Limited
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.

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

Atul Limited Buyback and Gail India Buyback 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 . Gail India Buyback Buyback record date is Jan 28, 2021.

  Atul Limited Gail (India) Limited
Record Date Jan 28, 2021
Offer Open Date Apr 07, 2022 Feb 25, 2021
Offer Closure Date May 09, 2022 Mar 10, 2021
Last date for receipt of tender forms Mar 12, 2021
Finalisation of buyback Mar 18, 2021
Last Date for settlment of bids Mar 19, 2021
Last Date for extinguishment of shares Mar 26, 2021

Financial Details and Other Relevent Information

Comparison of Atul Limited 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.

  Atul Limited Gail (India) Limited
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 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 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
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 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
Dec-2020 128.80 103.10 121.20
Nov-2020 106.70 83.05 93.05
Oct-2020 89.80 81.20 85.40

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