Atul Limited Buyback vs Gail India Buyback

Comparision between Atul Limited Buyback and Gail India Buyback.

Buyback Details

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

Atul Limited

Gail (India) Limited

Logo

Type of Buyback

Open Market Through Stock Exchange

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

Buyback Price

₹11000 per share

₹150 per share

Issue Size

6,97,56,641 shares

Issue Size (Amount)

₹70.00 Crores

₹1,046.35 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.

Registrar

Link Intime India Private Ltd

Mcs Share Transfer Agent Limited

Lead Managers

Vivro Financial Services Private Limited

Idbi Capital Market Services Limited

Necessity of the buyback

The Buy-back aims to:

1. Return surplus funds to the equity shareholders of the Company.

2. Improve earnings per share by reducing the equity base, thereby leading to a long-term increase in the value of shareholders.

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.

Buyback Timetable

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

	Atul Limited	Gail (India) Limited
Record Date		Jan 28, 2021
Offer Open Date	Apr 07, 2022	Feb 25, 2021
Offer Closure Date	May 09, 2022	Mar 10, 2021
Last date for receipt of tender forms		Mar 12, 2021
Finalisation of buyback		Mar 18, 2021
Last Date for settlment of bids		Mar 19, 2021
Last Date for extinguishment of shares		Mar 26, 2021

Financial Details and Other Relevent Information

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

Atul Limited

Gail (India) Limited

Financial

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (Rs. in Crores)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	3,834.45	4,171.10	4,072.67
Profit After Tax	660.02	670.91	436.02
Net Worth	3,826.52	3,154.90	2,705.71

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

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Feb-2022	9852.10	8627.90	9361.13
Jan-2022	10859.00	8966.80	9709.73
Dec-2021	9121.75	8302.30	8787.72

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 NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Feb-2022	9899.95	8622.05	9359.34
Jan-2022	10856.80	8964.05	9714.97
Dec-2021	9124.70	8313.45	8784.29

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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