Balrampur Chini Mills Buyback vs Gandhi Special Tubes Limited Buyback

Comparison between Balrampur Chini Mills Buyback and Gandhi Special Tubes Limited Buyback.

Buyback Details

Balrampur Chini Mills Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Gandhi Special Tubes Limited Buyback is a Tender Offer proposed to list at BSE, NSE.

 Balrampur Chini Mills Ltd.Gandhi Special Tubes Ltd.
LogoBalrampur Chini Mills Buyback LogoGandhi Special Tubes Limited Buyback Logo
Type of BuybackOpen Market Through Stock ExchangeTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹1 per share₹5 per share
Buyback Price₹410 per share₹550 per share
Issue Size7,66,616 shares
Issue Size (Amount)₹215.25 Crores₹42.16 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 1 Equity Shares out of every 8 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 12 Equity Shares out of every 221 fully paid-up Equity Shares held on the Record Date.
RegistrarKfin Technologies Ltd.Kfin Technologies Ltd.
Lead ManagersAxis Capital Ltd.Prime Securities Ltd.
Necessity of the buyback

The Buyback aims to :
i) Optimize returns to shareholders.
ii) Enhance overall shareholder value.
iii) Optimize the capital structure.

The Buyback aims to :
i) Return surplus cash to the shareholders, thereby, optimizing returns to the shareholders and enhancing the overall shareholders’ value.
ii) Improve Return on Equity, Earnings per share, enhance return on invested capital, and thereby enhance shareholder value in the long term.

Buyback Timetable

Balrampur Chini Mills Buyback and Gandhi Special Tubes Limited Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Balrampur Chini Mills Buyback Buyback record date is . Gandhi Special Tubes Limited Buyback Buyback record date is Aug 31, 2021.

 Balrampur Chini Mills Ltd.Gandhi Special Tubes Ltd.
Record DateAug 31, 2021
Offer Open DateAug 17, 2021Sep 21, 2021
Offer Closure DateFeb 16, 2022Oct 04, 2021
Last date for receipt of tender formsOct 06, 2021
Finalisation of buybackOct 12, 2021
Last Date for settlment of bidsOct 13, 2021
Last Date for extinguishment of sharesOct 20, 2021

Financial Details and Other Relevent Information

Comparison of Balrampur Chini Mills Buyback and Gandhi Special Tubes Limited Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Balrampur Chini Mills Ltd.Gandhi Special Tubes Ltd.
Financial
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 48,451.05 47,798.40 43,285.20
Profit After Tax 4,697.72 5,092.81 5,706.38
Net Worth 24,804.42 22,874.96 20,011.01
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs.in Lakhs)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 11,965.50 8,664.96 13,061.55
Profit After Tax 3,615.23 2,137.28 3,863.13
Net Worth 16,890.22 14,352.80 19,845.45
Reserves and Surplus 16,244.29 13,706.87 19,154.52
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2021 387.10 327.50 349.21
Jun-2021 370.00 294.35 338.20
May-2021 348.95 276.95 310.21

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2021 557.85 432.90 483.73
Jul-2021 500.00 422.30 455.30
Jun-2021 442.05 310.10 374.00
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2021 386.80 327.30 349.13
Jun-2021 370.00 294.40 338.27
May-2021 349.15 276.40 310.24

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2021 558.85 432.65 483.88
Jul-2021 492.45 423.00 455.38
Jun-2021 441.70 310.05 374.02

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