Gail India Buyback vs Suprajit Engineering Buyback

Comparison between Gail India Buyback and Suprajit Engineering Buyback.

Buyback Details

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

 Gail (India) Ltd.Suprajit Engineering Ltd.
LogoGail India Buyback LogoSuprajit Engineering Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹10 per share₹1 per share
Buyback Price₹150 per share₹320 per share
Issue Size6,97,56,641 shares15,00,000 shares
Issue Size (Amount)₹1,046.35 Crores₹48.00 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 3 Equity Shares out of every 82 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 4 Equity Shares out of every 441 fully paid-up Equity Shares held on the Record Date.
RegistrarMCS Share Transfer Agent Ltd.Integrated Registry Management Services Pvt.Ltd.
Lead ManagersIDBI Capital Markets & Securities Ltd.Capital Square Advisors Pvt.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) 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.

Buyback Timetable

Gail India Buyback and Suprajit Engineering 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. Suprajit Engineering Buyback Buyback record date is Feb 22, 2021.

 Gail (India) Ltd.Suprajit Engineering Ltd.
Record DateJan 28, 2021Feb 22, 2021
Offer Open DateFeb 25, 2021Apr 08, 2021
Offer Closure DateMar 10, 2021Apr 26, 2021
Last date for receipt of tender formsMar 12, 2021Apr 28, 2021
Finalisation of buybackMar 18, 2021May 04, 2021
Last Date for settlment of bidsMar 19, 2021May 05, 2021
Last Date for extinguishment of sharesMar 26, 2021May 12, 2021

Financial Details and Other Relevent Information

Comparison of Gail India Buyback and Suprajit Engineering 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.Suprajit Engineering 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 Millions)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 15,852.16 16,278.95 14,758.44
Profit After Tax 1,039.65 1337.94 1,384.83
Net Worth 8,537.68 7,750.73 6,549.00
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-2021 219.17 199.50 211.63
Dec-2020 203.45 190.30 198.22
Nov-2020 196.55 175.65 190.26
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-2021 219.60 199.60 211.60
Dec-2020 203.60 190.45 198.38
Nov-2020 196.90 175.90 190.31

Compare with others

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Gail India Buyback and Suprajit Engineering Buyback