Bharat Rasayan Buyback vs Gail India Buyback

Comparision 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 Limited

Gail (India) Limited

Logo

Type of Buyback

Tender Offer

Listing At

NSE

BSE, NSE

Face Value

₹10 per share

Buyback Price

₹11500 per share

₹150 per share

Issue Size

93,472 shares

6,97,56,641 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.

Registrar

Link Intime India Private Ltd

Mcs Share Transfer Agent Limited

Lead Managers

Corporate Professionals Capital Private Ltd

Idbi Capital Market Services Limited

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 Limited	Gail (India) Limited
Record Date	Mar 05, 2021	Jan 28, 2021
Offer Open Date	Mar 26, 2021	Feb 25, 2021
Offer Closure Date	Apr 12, 2021	Mar 10, 2021
Last date for receipt of tender forms	Apr 14, 2021	Mar 12, 2021
Finalisation of buyback	Apr 20, 2021	Mar 18, 2021
Last Date for settlment of bids	Apr 22, 2021	Mar 19, 2021
Last Date for extinguishment of shares	Apr 29, 2021	Mar 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 Limited

Gail (India) Limited

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

Compare with others

Bharat Rasayan Limited	Gail (India) Limited
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Gujarat Apollo Industries Buyback	Bharat Rasayan Buyback
Savita Oil Buyback	Jagran Prakashan Buyback
NIIT Buyback	Nava Bharat Ventures Buyback
Suprajit Engineering Buyback	Indian Toners & Developers Buyback
Jagran Prakashan Buyback	NALCO Buyback
Nava Bharat Ventures Buyback	Neelamalai Agro Buyback
Indian Toners & Developers Buyback	VRL Logistics Buyback
Gail India Buyback	Anup Engineering Buyback
NALCO Buyback	Atul Buyback

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