Garware Technical Buyback vs HPCL Buyback

Comparision 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 Ltd

Hindustan Petroleum Corporation Limited

Logo

Type of Buyback

Tender Offer

Open Market Through Stock Exchange

Listing At

BSE, NSE

Face Value

₹10 per share

Buyback Price

₹2300 per share

₹250 per share

Issue Size

3,17,391 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.

Registrar

Link Intime India Private Ltd

Lead Managers

Ambit Private Limited

ICICI Securities Limited

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 Ltd	Hindustan Petroleum Corporation Limited
Record Date	Dec 11, 2020
Offer Open Date	Jan 19, 2021	Nov 17, 2020
Offer Closure Date	Feb 02, 2021	May 14, 2021
Last date for receipt of tender forms	Feb 04, 2021
Finalisation of buyback	Feb 10, 2021
Last Date for settlment of bids	Feb 11, 2021
Last Date for extinguishment of shares	Feb 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 Ltd

Hindustan Petroleum Corporation Limited

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

Compare with others

Garware Technical Fibres Ltd	Hindustan Petroleum Corporation Limited
Engineers India Buyback	Industrial and Prudential Investment Buyback
IIFL Securities Buyback	Jullundur Motor Agency Buyback
Rane Brake Buyback	Engineers India Buyback
HPCL Buyback	IIFL Securities Buyback
Sreeleathers Buyback	Rane Brake Buyback
	Sreeleathers Buyback
	Garware Technical Buyback

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