Great Eastern Shipping Buyback vs MOIL Buyback

Comparison between Great Eastern Shipping Buyback and MOIL Buyback.

Buyback Details

Great Eastern Shipping Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while MOIL Buyback is a Tender Offer proposed to list at BSE, NSE.

 The Great Eastern Shipping Company Ltd.MOIL Ltd.
LogoGreat Eastern Shipping Buyback LogoMOIL Buyback Logo
Type of BuybackOpen Market Through Stock ExchangeTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹10 per share₹10 per share
Buyback Price₹333 per share₹205 per share
Issue Size3,38,42,668 shares
Issue Size (Amount)₹225.00 Crores₹693.77 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 123 Equity Shares out of every 625 shares held on the record date.
General Category for all other Eligible Shareholders 99 Equity Shares out of every 728 shares held on the record date.
RegistrarKfin Technologies Ltd.Bigshare Services Pvt.Ltd.
Lead ManagersKotak Mahindra Capital Co.Ltd.IDBI Capital Markets & Securities Ltd.
Necessity of the buyback

The Buyback aims to :
i) Reduce outstanding number of equity shares and consequently increase earnings per share and book value per share.
ii) Effectively utilize available cash; and
iii) Improve key return ratios like return on equity capital.

The Buyback aims to :
i) Reduce outstanding number of equity shares and consequently increase earnings per share and book value per share.
ii) Effectively utilize available cash; and
iii) Improve key return ratios like return on equity capital.

Buyback Timetable

Great Eastern Shipping Buyback and MOIL Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Great Eastern Shipping Buyback Buyback record date is . MOIL Buyback Buyback record date is Dec 31, 2021.

 The Great Eastern Shipping Company Ltd.MOIL Ltd.
Record DateDec 31, 2021
Offer Open DateJan 07, 2022Jan 28, 2022
Offer Closure DateJul 06, 2022Feb 10, 2022
Last date for receipt of tender formsFeb 12, 2022
Finalisation of buybackFeb 18, 2022
Last Date for settlment of bidsFeb 21, 2022
Last Date for extinguishment of sharesFeb 28, 2022

Financial Details and Other Relevent Information

Comparison of Great Eastern Shipping Buyback and MOIL Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 The Great Eastern Shipping Company Ltd.MOIL Ltd.
Financial
Summary of financial Information (Standalone)
Particulars For the year/period ended (Rs. in Millions)
  30-Sep-21 31-March-21 31-March-20 31-March-19
Total Income 14,670 28,930 30,910 28,150
Profit After Tax 3,730 10,300 2,810 -190
Net Worth 63,560 60,980 50,670 50,660
Reserves & Surplus 62,090 59,510 49,200 49,150
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 12,798.5 12,191.8 16,314.8
Profit After Tax 1,766.3 2,482.2 4,739.0
Reserves & Surplus 25,825.7 2,5260.6 28,251.0
Net Worth 28,199.0 27,633.9 30,827.1
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 351.80 291.25 325.81
Oct-2021 382.00 311.05 346.46
Sep-2021 379.00 348.75 362.27

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 179.80 156.35 170.92
Oct-2021 174.55 154.70 164.37
Sep-2021 181.30 156.25 165.23
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 352.10 291.30 325.70
Oct-2021 382.25 310.80 346.45
Sep-2021 379.20 351.10 362.46

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 179.80 157.15 170.96
Oct-2021 174.70 154.50 164.36
Sep-2021 181.50 156.15 165.22

Compare with others

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Great Eastern Shipping Buyback and MOIL Buyback