Garware Technical Buyback vs HPCL Buyback

Comparison between Garware Technical Buyback and HPCL Buyback.

Buyback Details

Garware Technical Buyback is a Tender Offer buyback proposed to list at BSE, NSE while HPCL Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

 Garware Technical Fibres LtdHindustan Petroleum Corporation Ltd.
LogoGarware Technical Buyback LogoHPCL Buyback Logo
Type of BuybackTender OfferOpen Market Through Stock Exchange
Listing AtBSE, NSEBSE, NSE
Face Value₹10 per share₹10 per share
Buyback Price₹2300 per share₹250 per share
Issue Size3,17,391 shares
Issue Size (Amount)₹73.00 Crores₹2,500.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 5 Equity Shares out of every 38 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 4 Equity Shares out of every 305 Equity Shares held on the Record Date.
RegistrarMUFG Intime India Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Lead ManagersAmbit Pvt.Ltd.ICICI Securities Ltd.
Necessity of the buyback

The Buyback is being undertaken by the company to return the surplus cash to the shareholders in an effective and efficient manner.

The Buyback is undertaken by the Company:
i) Optimize returns to shareholders.
ii) To enhance overall shareholder's value.

Buyback Timetable

Garware Technical Buyback and HPCL Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Garware Technical Buyback Buyback record date is Dec 11, 2020. HPCL Buyback Buyback record date is .

 Garware Technical Fibres LtdHindustan Petroleum Corporation Ltd.
Record DateDec 11, 2020
Offer Open DateJan 19, 2021Nov 17, 2020
Offer Closure DateFeb 02, 2021May 14, 2021
Last date for receipt of tender formsFeb 04, 2021
Finalisation of buybackFeb 10, 2021
Last Date for settlment of bidsFeb 11, 2021
Last Date for extinguishment of sharesFeb 18, 2021

Financial Details and Other Relevent Information

Comparison of Garware Technical Buyback and HPCL Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Garware Technical Fibres LtdHindustan Petroleum Corporation Ltd.
Financial
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs in Million)
31-Mar-20 31-Mar-19 31-Mar-18
Total Revenue 9,852.74 10,389.01 9,034.25
Profit After Tax 140.51 1,256.80 1,051.73
Reserves and Surplus 7,172.40 6,284.64 5,184.77
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Crores)
30-Sep-20 (Un-audited) 31-Mar-20 31-Mar-19
Total Revenue 1,09,089.44 2,89,255.10 2,98,621.32
Profit After Tax 5,291.28 2,637.26 6,028.66
Net-worth 32,799.18 28,962.36 28,174.82
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2020 2298.00 1814.00 2055.00
Oct-2020 2250.00 1837.00 2032.00
Sep-2020 2204.00 1737.00 1960.00

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2020 190.00 163.00 174.00
Sep-2020 205.00 171.00 192.00
Aug-2020 225.00 201.00 212.00
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2020 2300.00 1812.00 2063.00
Oct-2020 2250.00 1835.00 2032.00
Sep-2020 2205.00 1751.00 1961.00

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2020 190.00 163.00 174.00
Sep-2020 205.00 171.00 192.00
Aug-2020 223.00 201.00 212.00

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