Bharat Rasayan Buyback vs Gail India Buyback

Comparison between Bharat Rasayan Buyback and Gail India Buyback.

Buyback Details

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

 Bharat Rasayan Ltd.Gail (India) Ltd.
LogoBharat Rasayan Buyback LogoGail India Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtNSEBSE, NSE
Face Value₹10 per share₹10 per share
Buyback Price₹11500 per share₹150 per share
Issue Size93,472 shares6,97,56,641 shares
Issue Size (Amount)₹107.49 Crores₹1,046.35 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 12 Equity Shares out of every 79 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 19 Equity Shares out of every 994 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.
RegistrarMUFG Intime India Pvt.Ltd.MCS Share Transfer Agent Ltd.
Lead ManagersCorporate Professionals Capital Pvt.Ltd.IDBI Capital Markets & Securities Ltd.
Necessity of the buyback

The Buy-back is being undertaken by the Company to:
i) To return surplus funds to the Equity Shareholders; and
ii) To help improve 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

Bharat Rasayan Buyback and Gail India Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Bharat Rasayan Buyback Buyback record date is Mar 05, 2021. Gail India Buyback Buyback record date is Jan 28, 2021.

 Bharat Rasayan Ltd.Gail (India) Ltd.
Record DateMar 05, 2021Jan 28, 2021
Offer Open DateMar 26, 2021Feb 25, 2021
Offer Closure DateApr 12, 2021Mar 10, 2021
Last date for receipt of tender formsApr 14, 2021Mar 12, 2021
Finalisation of buybackApr 20, 2021Mar 18, 2021
Last Date for settlment of bidsApr 22, 2021Mar 19, 2021
Last Date for extinguishment of sharesApr 29, 2021Mar 26, 2021

Financial Details and Other Relevent Information

Comparison of Bharat Rasayan 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.

 Bharat Rasayan Ltd.Gail (India) Ltd.
Financial
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 12,318.70 9,946.87 8,130.16
Profit After Tax 1,576.42 1,115.24 983.14
Net Worth 5,641.19 4,088.07 2,982.46
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
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
Jan-2021 10758.00 9386.00 10207.92
Dec-2020 10190.00 8700.00 9651.52
Nov-2020 9900.00 8500.00 9115.15

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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Bharat Rasayan Buyback and Gail India Buyback