Balrampur Chini Mills Buyback vs Gandhi Special Tubes Limited Buyback

Comparision between Balrampur Chini Mills Buyback and Gandhi Special Tubes Limited Buyback.

Buyback Details

Balrampur Chini Mills Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Gandhi Special Tubes Limited Buyback is a Tender Offer proposed to list at BSE, NSE.

Balrampur Chini Mills Limited

Gandhi Special Tubes Limited

Logo

Type of Buyback

Open Market Through Stock Exchange

Tender Offer

Listing At

BSE, NSE

Face Value

₹1 per share

₹5 per share

Buyback Price

₹410 per share

₹550 per share

Issue Size

7,66,616 shares

Issue Size (Amount)

₹215.25 Crores

₹42.16 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	1 Equity Shares out of every 8 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	12 Equity Shares out of every 221 fully paid-up Equity Shares held on the Record Date.

Registrar

Kfin Technologies Limited

Lead Managers

Axis Capital Limited

Prime Securities Limited

Necessity of the buyback

The Buyback aims to :
i) Optimize returns to shareholders.
ii) Enhance overall shareholder value.
iii) Optimize the capital structure.

The Buyback aims to :
i) Return surplus cash to the shareholders, thereby, optimizing returns to the shareholders and enhancing the overall shareholders’ value.
ii) Improve Return on Equity, Earnings per share, enhance return on invested capital, and thereby enhance shareholder value in the long term.

Buyback Timetable

Balrampur Chini Mills Buyback and Gandhi Special Tubes Limited Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Balrampur Chini Mills Buyback Buyback record date is . Gandhi Special Tubes Limited Buyback Buyback record date is Aug 31, 2021.

	Balrampur Chini Mills Limited	Gandhi Special Tubes Limited
Record Date		Aug 31, 2021
Offer Open Date	Aug 17, 2021	Sep 21, 2021
Offer Closure Date	Feb 16, 2022	Oct 04, 2021
Last date for receipt of tender forms		Oct 06, 2021
Finalisation of buyback		Oct 12, 2021
Last Date for settlment of bids		Oct 13, 2021
Last Date for extinguishment of shares		Oct 20, 2021

Financial Details and Other Relevent Information

Comparison of Balrampur Chini Mills Buyback and Gandhi Special Tubes Limited Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Balrampur Chini Mills Limited

Gandhi Special Tubes 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	48,451.05	47,798.40	43,285.20
Profit After Tax	4,697.72	5,092.81	5,706.38
Net Worth	24,804.42	22,874.96	20,011.01

Summary of financial Information (standalone)
Particulars	For the year/period ended (Rs.in Lakhs)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	11,965.50	8,664.96	13,061.55
Profit After Tax	3,615.23	2,137.28	3,863.13
Net Worth	16,890.22	14,352.80	19,845.45
Reserves and Surplus	16,244.29	13,706.87	19,154.52

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2021	387.10	327.50	349.21
Jun-2021	370.00	294.35	338.20
May-2021	348.95	276.95	310.21

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Aug-2021	557.85	432.90	483.73
Jul-2021	500.00	422.30	455.30
Jun-2021	442.05	310.10	374.00

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2021	386.80	327.30	349.13
Jun-2021	370.00	294.40	338.27
May-2021	349.15	276.40	310.24

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Aug-2021	558.85	432.65	483.88
Jul-2021	492.45	423.00	455.38
Jun-2021	441.70	310.05	374.02

Compare with others

Balrampur Chini Mills Limited	Gandhi Special Tubes Limited
Star Cement Buyback	Goldiam International Buyback
Gandhi Special Tubes Limited Buyback	eClerx Services Limited Buyback
Shriram Pistons & Rings Buyback	Rishiroop Limited Buyback
Rsystems Buyback	Mahalaxmi Rubtech Buyback
Kaveri Seed Buyback	Star Cement Buyback
Tanla Platforms Buyback	Shriram Pistons & Rings Buyback
Infosys Buyback	Rsystems Buyback
Welspun India Buyback	Kaveri Seed Buyback
Navneet Education Buyback	Balrampur Chini Mills Buyback
Infobeans Technologies Buyback	Tanla Platforms Buyback

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