Gail India Buyback vs NALCO Buyback

Comparison between Gail India Buyback and NALCO Buyback.

Buyback Details

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

 Gail (India) Ltd.National Aluminium Company Ltd.
LogoGail India Buyback LogoNALCO Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹10 per share₹5 per share
Buyback Price₹150 per share₹57.5 per share
Issue Size6,97,56,641 shares13,02,79,083 shares
Issue Size (Amount)₹1,046.35 Crores₹749.10 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 23 Equity Shares out of every 195 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 37 Equity Shares out of every 568 Equity Shares held on the Record Date.
RegistrarMCS Share Transfer Agent Ltd.Kfin Technologies Ltd.
Lead ManagersIDBI Capital Markets & Securities Ltd.IDBI Capital Markets & Securities 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.

The Buy-back is being undertaken by the Company to:
i) Optimize the capital structure; and
ii) Improve return on equity, by reduction in the equity base.

Buyback Timetable

Gail India Buyback and NALCO Buyback 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. NALCO Buyback Buyback record date is Feb 08, 2021.

 Gail (India) Ltd.National Aluminium Company Ltd.
Record DateJan 28, 2021Feb 08, 2021
Offer Open DateFeb 25, 2021Feb 25, 2021
Offer Closure DateMar 10, 2021Mar 10, 2021
Last date for receipt of tender formsMar 12, 2021Mar 12, 2021
Finalisation of buybackMar 18, 2021Mar 16, 2021
Last Date for settlment of bidsMar 19, 2021Mar 17, 2021
Last Date for extinguishment of sharesMar 26, 2021Mar 19, 2021

Financial Details and Other Relevent Information

Comparison of Gail India Buyback and NALCO Buyback 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.National Aluminium Company 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 (Consolidated)
Particulars For the year/period ended (Rs in Crores)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 8,742.42 11,826.48 9,917.74
Profit After Tax 136.23 1,733.69 1,342.19
Net Worth 9,986.50 10,484.94 10,503.95
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
Dec-2020 45.00 37.40 42.04
Nov-2020 40.20 29.95 34.63
Oct-2020 33.30 29.15 30.80
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
Dec-2020 45.00 37.35 42.06
Nov-2020 40.20 29.95 34.63
Oct-2020 33.30 29.10 30.78

Compare with others

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Gail India Buyback and NALCO Buyback