Gail India Buyback vs Indian Toners & Developers Buyback

Comparison between Gail India Buyback and Indian Toners & Developers Buyback.

Buyback Details

Gail India Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Indian Toners & Developers Buyback is a Tender Offer proposed to list at BSE.

 Gail (India) Ltd.Indian Toners & Developers Ltd.
LogoGail India Buyback LogoIndian Toners & Developers Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE
Face Value₹10 per share₹10 per share
Buyback Price₹150 per share₹160 per share
Issue Size6,97,56,641 shares23,11,610 shares
Issue Size (Amount)₹1,046.35 Crores₹36.99 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 71 Equity Shares out of every 733 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 4 Equity Shares out of every 297 Equity Shares held on the Record Date.
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 111 Equity Shares out of every 632 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 111 Equity Shares out of every 632 fully paid-up Equity Shares held on the Record Date.
RegistrarMCS Share Transfer Agent Ltd.Alankit Assignments Ltd.
Lead ManagersIDBI Capital Markets & Securities Ltd.Corporate Professionals Capital Pvt.Ltd.
Necessity of the buyback

The Buyback is aimed to :
i) Optimize the capital structure of the company.
ii) Improve Return on Equity
iii) Increase in shareholder's value in the long-term.

The Buyback is undertaken by the Company to:
i) Distribute surplus cash to the Equity shareholders.
ii) Improve financial ratios like earnings per share and return on equity, by reducing the equity base of the company.

Buyback Timetable

Gail India Buyback and Indian Toners & Developers Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Gail India Buyback Buyback record date is Jan 28, 2021. Indian Toners & Developers Buyback Buyback record date is Jan 15, 2021.

 Gail (India) Ltd.Indian Toners & Developers Ltd.
Record DateJan 28, 2021Jan 15, 2021
Offer Open DateFeb 25, 2021Mar 04, 2021
Offer Closure DateMar 10, 2021Mar 18, 2021
Last date for receipt of tender formsMar 12, 2021Mar 22, 2021
Finalisation of buybackMar 18, 2021Mar 24, 2021
Last Date for settlment of bidsMar 19, 2021Mar 25, 2021
Last Date for extinguishment of sharesMar 26, 2021Apr 08, 2021

Financial Details and Other Relevent Information

Comparison of Gail India Buyback and Indian Toners & Developers Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Gail (India) Ltd.Indian Toners & Developers Ltd.
Financial
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Crores)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 73,293.19 76,671.57 54,812.49
Profit After Tax 6,620.63 6,025.67 4,618.41
Net Worth 41,853.99 39,202.06 35,241.50
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 980.64 1,219.71 1,192.35
Profit After Tax 121.94 204.15 242.23
Net Worth 1,844.21 1,798.63 1,644.31
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2020 128.75 103.30 121.18
Nov-2020 106.60 83.10 93.03
Oct-2020 89.50 81.25 85.38

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2020 131.00 117.55 124.65
Nov-2020 137.50 107.25 124.69
Oct-2020 117.45 87.05 103.04
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2020 128.80 103.10 121.20
Nov-2020 106.70 83.05 93.05
Oct-2020 89.80 81.20 85.40

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