Gail India Buyback vs Nava Bharat Ventures Buyback

Comparison between Gail India Buyback and Nava Bharat Ventures Buyback.

Buyback Details

Gail India Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Nava Bharat Ventures Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

 Gail (India) Ltd.Nava Bharat Ventures Ltd.
LogoGail India Buyback LogoNava Bharat Ventures Buyback Logo
Type of BuybackTender OfferOpen Market Through Stock Exchange
Listing AtBSE, NSEBSE, NSE
Face Value₹10 per share₹2 per share
Buyback Price₹150 per share₹100 per share
Issue Size6,97,56,641 shares
Issue Size (Amount)₹1,046.35 Crores₹150.00 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.
RegistrarMCS Share Transfer Agent Ltd.Kfin Technologies Ltd.
Lead ManagersIDBI Capital Markets & Securities Ltd.Akasam Consulting 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) Optimize returns to shareholders.
(ii) Enhance overall shareholder's value.
(iii) Return surplus cash to the shareholders.
(iv) To improve return on equity.

Buyback Timetable

Gail India Buyback and Nava Bharat Ventures 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. Nava Bharat Ventures Buyback Buyback record date is .

 Gail (India) Ltd.Nava Bharat Ventures Ltd.
Record DateJan 28, 2021
Offer Open DateFeb 25, 2021Mar 10, 2021
Offer Closure DateMar 10, 2021Sep 09, 2021
Last date for receipt of tender formsMar 12, 2021
Finalisation of buybackMar 18, 2021
Last Date for settlment of bidsMar 19, 2021
Last Date for extinguishment of sharesMar 26, 2021

Financial Details and Other Relevent Information

Comparison of Gail India Buyback and Nava Bharat Ventures 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.Nava Bharat Ventures 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 11,322.08 14,377.77 13,551.17
Profit After Tax 1,310.11 1,661.89 1,615.58
Net Worth 29,677.11 29,255.77 27,869.75
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
Feb-2021 76.25 57.25 66.22
Jan-2021 64.71 57.10 61.99
Dec-2021 68.85 50.20 60.70
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

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2021 76.20 57.15 65.86
Jan-2021 64.75 57.20 62.03
Dec-2021 68.45 50.20 60.87

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Gail India Buyback and Nava Bharat Ventures Buyback