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Gandhi Special Tubes Limited Buyback vs Star Cement Buyback

Comparison 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 Ltd.Star Cement Ltd.
LogoGandhi Special Tubes Limited Buyback LogoStar Cement Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹5 per share₹1 per share
Buyback Price₹550 per share₹150 per share
Issue Size7,66,616 shares82,48,580 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.
RegistrarKfin Technologies Ltd.Maheshwari Datamatics Pvt.Ltd.
Lead ManagersPrime Securities Ltd.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.

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.
iii) The Buyback will help in optimizing the capital structure.

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 Ltd.Star Cement Ltd.
Record DateAug 31, 2021Aug 26, 2021
Offer Open DateSep 21, 2021Sep 22, 2021
Offer Closure DateOct 04, 2021Oct 05, 2021
Last date for receipt of tender formsOct 06, 2021Oct 07, 2021
Finalisation of buybackOct 12, 2021Oct 13, 2021
Last Date for settlment of bidsOct 13, 2021Oct 14, 2021
Last Date for extinguishment of sharesOct 20, 2021Oct 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 Ltd.Star Cement 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 1,685.16 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 Ltd.Star Cement Ltd.
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