Gandhi Special Tubes Limited Buyback vs Kaveri Seed Buyback

Comparison between Gandhi Special Tubes Limited Buyback and Kaveri Seed Buyback.

Buyback Details

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

 Gandhi Special Tubes Ltd.Kaveri Seed Company Ltd.
LogoGandhi Special Tubes Limited Buyback LogoKaveri Seed Buyback Logo
Type of BuybackTender OfferOpen Market Through Stock Exchange
Listing AtBSE, NSEBSE, NSE
Face Value₹5 per share₹2 per share
Buyback Price₹550 per share₹850 per share
Issue Size7,66,616 shares
Issue Size (Amount)₹42.16 Crores₹120.00 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.Bigshare Services Pvt.Ltd.
Lead ManagersPrime Securities Ltd.Bajaj Capital Ltd.
Necessity of the buyback

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.

The Buyback aims to :
i) Help the company return surplus cash to its shareholders holding Equity.
ii) Improve return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders’ value.
iii) Give an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares to be accepted under the Buyback offer or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer, without additional investment.

Buyback Timetable

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

 Gandhi Special Tubes Ltd.Kaveri Seed Company Ltd.
Record DateAug 31, 2021
Offer Open DateSep 21, 2021Sep 02, 2021
Offer Closure DateOct 04, 2021Mar 01, 2022
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 Gandhi Special Tubes Limited Buyback and Kaveri Seed Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Gandhi Special Tubes Ltd.Kaveri Seed Company Ltd.
Financial
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
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Crores)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 1,034.99 929.81 811.85
Profit After Tax 305.31 251.26 214.72
Net Worth 1,262.07 981.85 1,012.95
Reserves and Surplus 1,250.00 969.78 1,000.33
Stock price at BSE

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 BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2021 787.85 680.15 733.67
Jun-2021 747.15 639.00 712.07
May-2021 815.85 592.00 727.75
Stock price at NSE

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

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2021 781.90 680.65 736.85
Jun-2021 747.95 675.00 711.16
May-2021 816.65 595.25 732.60

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