Gandhi Special Tubes Limited Buyback vs Tanla Platforms Buyback

Comparision between Gandhi Special Tubes Limited Buyback and Tanla Platforms Buyback.

Buyback Details

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

Gandhi Special Tubes Limited

Tanla Platforms Limited

Logo

Type of Buyback

Tender Offer

Open Market Through Stock Exchange

Listing At

BSE, NSE

Face Value

₹5 per share

₹1 per share

Buyback Price

₹550 per share

₹1260 per share

Issue Size

7,66,616 shares

Issue Size (Amount)

₹42.16 Crores

₹65.00 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.

Registrar

Kfin Technologies Limited

Lead Managers

Prime Securities Limited

Hdfc Bank Limited

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.
ii) Improve Return on Equity and Earnings per share and thereby enhance shareholder value in the long term.

Buyback Timetable

Gandhi Special Tubes Limited Buyback and Tanla Platforms 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. Tanla Platforms Buyback Buyback record date is .

	Gandhi Special Tubes Limited	Tanla Platforms Limited
Record Date	Aug 31, 2021
Offer Open Date	Sep 21, 2021	Jul 29, 2021
Offer Closure Date	Oct 04, 2021	Jan 28, 2022
Last date for receipt of tender forms	Oct 06, 2021
Finalisation of buyback	Oct 12, 2021
Last Date for settlment of bids	Oct 13, 2021
Last Date for extinguishment of shares	Oct 20, 2021

Financial Details and Other Relevent Information

Comparison of Gandhi Special Tubes Limited Buyback and Tanla Platforms 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

Tanla Platforms 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 Millions)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	9,226.96	10,695.06	8,189.69
Profit After Tax	1,585.59	(1,989.21)	170.75
Net Worth	6,664.69	6,690.60	6,997.15
Reserves and Surplus	6,528.66	6,544.63	6,881.51

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
Jun-2021	927.00	735.00	834.80
May-2021	968.00	852.55	882.09
Apr-2021	986.65	821.55	906.72

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
Jun-2021	927.70	735.00	835.30
May-2021	968.80	852.90	882.67
Apr-2021	985.55	821.60	905.63

Compare with others

Gandhi Special Tubes Limited	Tanla Platforms Limited
Goldiam International Buyback	Gandhi Special Tubes Limited Buyback
eClerx Services Limited Buyback	Shriram Pistons & Rings Buyback
Rishiroop Limited Buyback	Rsystems Buyback
Mahalaxmi Rubtech Buyback	Kaveri Seed Buyback
Star Cement Buyback	Balrampur Chini Mills Buyback
Shriram Pistons & Rings Buyback	Infosys Buyback
Rsystems Buyback	Welspun India Buyback
Kaveri Seed Buyback	Navneet Education Buyback
Balrampur Chini Mills Buyback	Infobeans Technologies Buyback
Tanla Platforms Buyback	Quick Heal Technologies Buyback

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