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Gandhi Special Tubes Limited Buyback vs Goldiam International Buyback

Comparison between Gandhi Special Tubes Limited Buyback and Goldiam International Buyback.

Buyback Details

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

 Gandhi Special Tubes Ltd.Goldiam International Ltd.
LogoGandhi Special Tubes Limited Buyback LogoGoldiam International Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹5 per share₹10 per share
Buyback Price₹550 per share₹1200 per share
Issue Size7,66,616 shares3,80,000 shares
Issue Size (Amount)₹42.16 Crores₹45.60 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 20 Equity Shares out of every 313 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 9 Equity Shares out of every 593 fully paid-up Equity Shares held on the Record Date.
RegistrarKfin Technologies Ltd.MUFG Intime India Pvt.Ltd.
Lead ManagersPrime Securities Ltd.Keynote 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) help the Company to distribute surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
iii) in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the Company.

Buyback Timetable

Gandhi Special Tubes Limited Buyback and Goldiam International 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. Goldiam International Buyback Buyback record date is Oct 27, 2021.

 Gandhi Special Tubes Ltd.Goldiam International Ltd.
Record DateAug 31, 2021Oct 27, 2021
Offer Open DateSep 21, 2021Nov 26, 2021
Offer Closure DateOct 04, 2021Dec 09, 2021
Last date for receipt of tender formsOct 06, 2021Dec 09, 2021
Finalisation of buybackOct 12, 2021Dec 17, 2021
Last Date for settlment of bidsOct 13, 2021Dec 20, 2021
Last Date for extinguishment of sharesOct 20, 2021Dec 27, 2021

Financial Details and Other Relevent Information

Comparison of Gandhi Special Tubes Limited Buyback and Goldiam International 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.Goldiam International 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 Millions)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Income 2,335.92 1,728.06 1,806.41
Profit After Tax 305.13 190.42 195.79
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
Sep-2021 1074.00 710.80 861.61
Aug-2021 790.00 584.30 690.16
Jul-2021 620.00 441.00 554.36
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
Sep-2021 1075.00 712.90 861.47
Aug-2021 789.00 595.00 690.09
Jul-2021 617.00 441.00 554.57

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Compare:

Gandhi Special Tubes Limited Buyback and Goldiam International Buyback