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Gulf Oil Lubricants Buyback Feb 22 vs Pennar Industries Buyback

Comparison between Gulf Oil Lubricants Buyback Feb 22 and Pennar Industries Buyback.

Buyback Details

Gulf Oil Lubricants Buyback Feb 22 is a Tender Offer buyback proposed to list at BSE, NSE while Pennar Industries Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

 Gulf Oil Lubricants India LtdPennar Industries Ltd.
LogoGulf Oil Lubricants Buyback Feb 22 LogoPennar Industries Buyback Logo
Type of BuybackTender OfferOpen Market Through Stock Exchange
Listing AtBSE, NSEBSE, NSE
Face Value₹2 per share₹5 per share
Buyback Price₹600 per share₹50 per share
Issue Size14,16,667 shares
Issue Size (Amount)₹85.00 Crores₹40.00 Crores
Buyback Ratio
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.
RegistrarKfin Technologies Ltd.Kfin Technologies Ltd.
Lead ManagersMotilal Oswal Investment Advisors Ltd.Finshore Management Services Ltd.
Necessity of the buyback
  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.

The buyback aims to utilize the net proceeds towards the following objectives:

  • To increase the earnings per share (EPS) over a period of time.
  • To effectively utilize available cash, and
  • To improve key return ratios like return on net worth, return on assets, etc.

Buyback Timetable

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

 Gulf Oil Lubricants India LtdPennar Industries Ltd.
Record DateFeb 21, 2022
Offer Open DateMar 25, 2022Mar 23, 2022
Offer Closure DateApr 07, 2022Sep 22, 2022
Last date for receipt of tender formsApr 07, 2022
Finalisation of buybackApr 19, 2022
Last Date for settlment of bidsApr 20, 2022
Last Date for extinguishment of sharesApr 26, 2022

Financial Details and Other Relevent Information

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

 Gulf Oil Lubricants India LtdPennar Industries Ltd.
Financial
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
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 15,440.10 21,268.30 21,598.50
Profit After Tax 28.40 534.00 666.60
Net Worth 6,958.30 7,003.30 6,674.90
Stock price at BSE

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 BSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2022 45.85 31.85 39.85
Jan-2022 45.75 34.00 38.69
Dec-2021 35.85 27.65 31.21
Stock price at NSE

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

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2022 45.75 31.70 39.87
Jan-2022 45.85 33.95 38.69
Dec-2021 35.95 27.80 31.21

Compare with others

Gulf Oil Lubricants India LtdPennar Industries Ltd.
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Atul Limited BuybackFilatex India Buyback
Pennar Industries BuybackAtul Limited Buyback
FDC BuybackGulf Oil Lubricants Buyback Feb 22
K.P.R Mill BuybackFDC Buyback
Mayur Uniquoters BuybackK.P.R Mill Buyback
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Compare:

Gulf Oil Lubricants Buyback Feb 22 and Pennar Industries Buyback