Filatex India Buyback vs Gulf Oil Lubricants Buyback Feb 22

Comparison between Filatex India Buyback and Gulf Oil Lubricants Buyback Feb 22.

Buyback Details

Filatex India Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Gulf Oil Lubricants Buyback Feb 22 is a Tender Offer proposed to list at BSE, NSE.

 Filatex India Ltd.Gulf Oil Lubricants India Ltd
LogoFilatex India Buyback LogoGulf Oil Lubricants Buyback Feb 22 Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹2 per share₹2 per share
Buyback Price₹140 per share₹600 per share
Issue Size42,50,000 shares14,16,667 shares
Issue Size (Amount)₹59.50 Crores₹85.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 23 Equity Share out of every 226 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 8 Equity Share out of every 485 Fully paid-up Equity Shares held on the Record Date.
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 27 Equity Shares for every 374 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 9 Equity Shares for every 355 Equity Shares held on the Record Date.
RegistrarMCS Share Transfer Agent Ltd.Kfin Technologies Ltd.
Lead ManagersCorporate Professionals Capital Pvt.Ltd.Motilal Oswal Investment Advisors Ltd.
Necessity of the buyback

The buyback is being undertaken for the following reasons:

1. The Buyback will help the company to distribute surplus cash to its shareholders holding Equity shares broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders.

2. The Buyback would help in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the company.

  1. To distribute surplus cash to shareholders holding equity shares in proportion to their shareholdings.
  2. To improve financial ratios like earnings per share and return on equity by reducing the company's equity base.

Buyback Timetable

Filatex India Buyback and Gulf Oil Lubricants Buyback Feb 22 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Filatex India Buyback Buyback record date is Apr 08, 2022. Gulf Oil Lubricants Buyback Feb 22 Buyback record date is Feb 21, 2022.

 Filatex India Ltd.Gulf Oil Lubricants India Ltd
Record DateApr 08, 2022Feb 21, 2022
Offer Open DateMay 09, 2022Mar 25, 2022
Offer Closure DateMay 23, 2022Apr 07, 2022
Last date for receipt of tender formsMay 23, 2022Apr 07, 2022
Finalisation of buybackMay 27, 2022Apr 19, 2022
Last Date for settlment of bidsJun 01, 2022Apr 20, 2022
Last Date for extinguishment of sharesJun 08, 2022Apr 26, 2022

Financial Details and Other Relevent Information

Comparison of Filatex India Buyback and Gulf Oil Lubricants Buyback Feb 22 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Filatex India Ltd.Gulf Oil Lubricants India 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 2,23,660.74 2,79,448.95 2,88,588.53
Profit After Tax 16,583.32 12,147.04 8,484.60
Net Worth 68,976.87 52,272.04 39,934.67
Reserves and Surplus 64,560.51 47,878.34 35,584.67
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 17,042.64 16,790.46 17,353.35
Profit After Tax 2,000.85 2,025.21 1,777.82
Net Worth 8,693.76 7,613.07 5,867.43
Reserves and Surplus 8,593.14 7,512.86 5,767.83
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2022 129.80 101.15 119.89
Jan-2022 142.30 96.50 118.36
Dec-2021 103.90 72.50 90.82

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2022 502.90 445.00 462.26
Dec-2021 528.40 427.95 469.32
Nov-2021 614.60 499.00 582.56
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2022 129.35 101.00 120.46
Jan-2022 142.80 96.55 120.76
Dec-2021 104.00 72.35 91.36

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2022 503.00 445.50 462.28
Dec-2021 531.85 425.00 469.17
Nov-2021 617.55 499.75 583.12

Compare with others

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Filatex India Buyback and Gulf Oil Lubricants Buyback Feb 22