Gulf Oil Lubricants Buyback Feb 22 vs Pennar Industries Buyback

Comparision 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 Ltd

Pennar Industries Limited

Logo

Type of Buyback

Tender Offer

Open Market Through Stock Exchange

Listing At

BSE, NSE

Face Value

₹2 per share

₹5 per share

Buyback Price

₹600 per share

₹50 per share

Issue Size

14,16,667 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.

Registrar

Kfin Technologies Limited

Lead Managers

Motilal Oswal Investment Advisors Limited

Finshore Management Services Limited

Necessity of the buyback

To distribute surplus cash to shareholders holding equity shares in proportion to their shareholdings.
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 Ltd	Pennar Industries Limited
Record Date	Feb 21, 2022
Offer Open Date	Mar 25, 2022	Mar 23, 2022
Offer Closure Date	Apr 07, 2022	Sep 22, 2022
Last date for receipt of tender forms	Apr 07, 2022
Finalisation of buyback	Apr 19, 2022
Last Date for settlment of bids	Apr 20, 2022
Last Date for extinguishment of shares	Apr 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 Ltd

Pennar Industries Limited

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 Ltd	Pennar Industries Limited
UPL Limited Buyback 2022	Sarda Energy & Minerals Buyback
GAIL (India) Buyback	UPL Limited Buyback 2022
Filatex India Buyback	GAIL (India) Buyback
Atul Limited Buyback	Filatex India Buyback
Pennar Industries Buyback	Atul Limited Buyback
FDC Buyback	Gulf Oil Lubricants Buyback Feb 22
K.P.R Mill Buyback	FDC Buyback
Mayur Uniquoters Buyback	K.P.R Mill Buyback
Emami Ltd Buyback	Mayur Uniquoters Buyback
TCS Buyback	Emami Ltd Buyback

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