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Gail India Buyback vs Gulf Oil Lubricants Buyback Feb 22

Comparison between Gail India Buyback and Gulf Oil Lubricants Buyback Feb 22.

Buyback Details

Gail India Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Gulf Oil Lubricants Buyback Feb 22 is a Tender Offer proposed to list at BSE, NSE.

 Gail (India) Ltd.Gulf Oil Lubricants India Ltd
LogoGail India Buyback LogoGulf Oil Lubricants Buyback Feb 22 Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹10 per share₹2 per share
Buyback Price₹150 per share₹600 per share
Issue Size6,97,56,641 shares14,16,667 shares
Issue Size (Amount)₹1,046.35 Crores₹85.00 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.
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.
RegistrarMCS Share Transfer Agent Ltd.Kfin Technologies Ltd.
Lead ManagersIDBI Capital Markets & Securities Ltd.Motilal Oswal Investment Advisors Ltd.
Necessity of the buyback

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.

  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

Gail India 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. Gail India Buyback Buyback record date is Jan 28, 2021. Gulf Oil Lubricants Buyback Feb 22 Buyback record date is Feb 21, 2022.

 Gail (India) Ltd.Gulf Oil Lubricants India Ltd
Record DateJan 28, 2021Feb 21, 2022
Offer Open DateFeb 25, 2021Mar 25, 2022
Offer Closure DateMar 10, 2021Apr 07, 2022
Last date for receipt of tender formsMar 12, 2021Apr 07, 2022
Finalisation of buybackMar 18, 2021Apr 19, 2022
Last Date for settlment of bidsMar 19, 2021Apr 20, 2022
Last Date for extinguishment of sharesMar 26, 2021Apr 26, 2022

Financial Details and Other Relevent Information

Comparison of Gail India 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.

 Gail (India) Ltd.Gulf Oil Lubricants India Ltd
Financial
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
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
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 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
Dec-2020 128.80 103.10 121.20
Nov-2020 106.70 83.05 93.05
Oct-2020 89.80 81.20 85.40

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

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Gail (India) Ltd.Gulf Oil Lubricants India Ltd
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Compare:

Gail India Buyback and Gulf Oil Lubricants Buyback Feb 22