Gandhi Special Tubes Limited Buyback vs Star Cement Buyback

Comparision between Gandhi Special Tubes Limited Buyback and Star Cement Buyback.

Buyback Details

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

Gandhi Special Tubes Limited

Star Cement Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹5 per share

₹1 per share

Buyback Price

₹550 per share

₹150 per share

Issue Size

7,66,616 shares

82,48,580 shares

Issue Size (Amount)

₹42.16 Crores

₹123.73 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	6 Equity Shares out of every 47 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	2 Equity Shares out of every 115 fully paid-up Equity Shares held on the Record Date.

Registrar

Kfin Technologies Limited

Maheshwari Datamatics Pvt. Ltd

Lead Managers

Prime Securities Limited

Narnolia Financial Services 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.

Buyback Timetable

Gandhi Special Tubes Limited Buyback and Star Cement 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. Star Cement Buyback Buyback record date is Aug 26, 2021.

	Gandhi Special Tubes Limited	Star Cement Limited
Record Date	Aug 31, 2021	Aug 26, 2021
Offer Open Date	Sep 21, 2021	Sep 22, 2021
Offer Closure Date	Oct 04, 2021	Oct 05, 2021
Last date for receipt of tender forms	Oct 06, 2021	Oct 07, 2021
Finalisation of buyback	Oct 12, 2021	Oct 13, 2021
Last Date for settlment of bids	Oct 13, 2021	Oct 14, 2021
Last Date for extinguishment of shares	Oct 20, 2021	Oct 21, 2021

Financial Details and Other Relevent Information

Comparison of Gandhi Special Tubes Limited Buyback and Star Cement 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 Limited

Star Cement Limited

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	1,685.16	1,801.33	1,734.88
Profit After Tax	157.27	218.70	255.89
Net Worth	1,268.45	1,111.17	1,044.87
Reserves and Surplus	1,227.20	1,069.93	1,002.95

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	119.00	107.00	111.73
Jun-2021	117.90	101.10	109.23
May-2021	115.00	98.00	106.07

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	119.25	106.85	111.76
Jun-2021	117.95	101.05	109.30
May-2021	115.30	99.80	106.24

Compare with others

Gandhi Special Tubes Limited	Star Cement Limited
Goldiam International Buyback	Nucleus Software Buyback
eClerx Services Limited Buyback	Goldiam International Buyback
Rishiroop Limited Buyback	eClerx Services Limited Buyback
Mahalaxmi Rubtech Buyback	Rishiroop Limited Buyback
Star Cement Buyback	Mahalaxmi Rubtech Buyback
Shriram Pistons & Rings Buyback	Gandhi Special Tubes Limited Buyback
Rsystems Buyback	Shriram Pistons & Rings Buyback
Kaveri Seed Buyback	Rsystems Buyback
Balrampur Chini Mills Buyback	Kaveri Seed Buyback
Tanla Platforms Buyback	Balrampur Chini Mills Buyback

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