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Gandhi Special Tubes Limited Buyback vs Mahalaxmi Rubtech Buyback

Comparison between Gandhi Special Tubes Limited Buyback and Mahalaxmi Rubtech Buyback.

Buyback Details

Gandhi Special Tubes Limited Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Mahalaxmi Rubtech Buyback is a Tender Offer proposed to list at BSE.

 Gandhi Special Tubes Ltd.Mahalaxmi Rubtech Ltd.
LogoGandhi Special Tubes Limited Buyback LogoMahalaxmi Rubtech Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE
Face Value₹5 per share₹10 per share
Buyback Price₹550 per share₹70 per share
Issue Size7,66,616 shares27,00,000 shares
Issue Size (Amount)₹42.16 Crores₹18.90 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.
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 25 Equity shares out of every 73 fully paid up Equity shares held on the Record date.
General Category for all other Eligible Shareholders 14 Equity shares out of every 71 fully paid up Equity shares held on the Record date.
RegistrarKfin Technologies Ltd.Cameo Corporate Services Ltd.
Lead ManagersPrime Securities Ltd.Saffron Capital Advisors Pvt.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 :
ii) Give an option to shareholders to get cash in lieu of Equity Shares to be accepted under the Buyback or choose not to participate and enjoy a resultant increase in their percentage shareholding without additional investment.
iii) The Buyback will help in improving certain key financial ratios of the Company.

Buyback Timetable

Gandhi Special Tubes Limited Buyback and Mahalaxmi Rubtech 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. Mahalaxmi Rubtech Buyback Buyback record date is Aug 27, 2021.

 Gandhi Special Tubes Ltd.Mahalaxmi Rubtech Ltd.
Record DateAug 31, 2021Aug 27, 2021
Offer Open DateSep 21, 2021Sep 29, 2021
Offer Closure DateOct 04, 2021Oct 12, 2021
Last date for receipt of tender formsOct 06, 2021Oct 15, 2021
Finalisation of buybackOct 12, 2021Oct 22, 2021
Last Date for settlment of bidsOct 13, 2021Oct 25, 2021
Last Date for extinguishment of sharesOct 20, 2021Nov 01, 2021

Financial Details and Other Relevent Information

Comparison of Gandhi Special Tubes Limited Buyback and Mahalaxmi Rubtech 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.Mahalaxmi Rubtech 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 Millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 1,393.76 1,811.11 1,866.50
Profit After Tax 61.00 48.16 49.31
Net Worth 940.32 880.91 830.48
Reserves and Surplus 807.12 747.71 697.28
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 68.75 47.90 58.33
Jun-2021 51.35 48.25 49.80
May-2021 51.10 37.60 44.35
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

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