Gail India Buyback vs Indian Toners & Developers Buyback

Comparision between Gail India Buyback and Indian Toners & Developers Buyback.

Buyback Details

Gail India Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Indian Toners & Developers Buyback is a Tender Offer proposed to list at BSE.

Gail (India) Limited

Indian Toners & Developers Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

BSE

Face Value

₹10 per share

Buyback Price

₹150 per share

₹160 per share

Issue Size

6,97,56,641 shares

23,11,610 shares

Issue Size (Amount)

₹1,046.35 Crores

₹36.99 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.

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	111 Equity Shares out of every 632 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	111 Equity Shares out of every 632 fully paid-up Equity Shares held on the Record Date.

Registrar

Mcs Share Transfer Agent Limited

Alankit Assignments Ltd

Lead Managers

Idbi Capital Market Services Limited

Corporate Professionals Capital Private 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) Distribute surplus cash to the Equity shareholders.
ii) Improve financial ratios like earnings per share and return on equity, by reducing the equity base of the company.

Buyback Timetable

Gail India Buyback and Indian Toners & Developers 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. Indian Toners & Developers Buyback Buyback record date is Jan 15, 2021.

	Gail (India) Limited	Indian Toners & Developers Limited
Record Date	Jan 28, 2021	Jan 15, 2021
Offer Open Date	Feb 25, 2021	Mar 04, 2021
Offer Closure Date	Mar 10, 2021	Mar 18, 2021
Last date for receipt of tender forms	Mar 12, 2021	Mar 22, 2021
Finalisation of buyback	Mar 18, 2021	Mar 24, 2021
Last Date for settlment of bids	Mar 19, 2021	Mar 25, 2021
Last Date for extinguishment of shares	Mar 26, 2021	Apr 08, 2021

Financial Details and Other Relevent Information

Comparison of Gail India Buyback and Indian Toners & Developers 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) Limited

Indian Toners & Developers Limited

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	980.64	1,219.71	1,192.35
Profit After Tax	121.94	204.15	242.23
Net Worth	1,844.21	1,798.63	1,644.31

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
Dec-2020	131.00	117.55	124.65
Nov-2020	137.50	107.25	124.69
Oct-2020	117.45	87.05	103.04

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

Compare with others

Gail (India) Limited	Indian Toners & Developers Limited
Suprajit Engineering Buyback	NIIT Buyback
Bharat Rasayan Buyback	Suprajit Engineering Buyback
Jagran Prakashan Buyback	Bharat Rasayan Buyback
Nava Bharat Ventures Buyback	Jagran Prakashan Buyback
Indian Toners & Developers Buyback	Nava Bharat Ventures Buyback
NALCO Buyback	Gail India Buyback
Neelamalai Agro Buyback	NALCO Buyback
VRL Logistics Buyback	Neelamalai Agro Buyback
Anup Engineering Buyback	VRL Logistics Buyback
Atul Buyback	Anup Engineering Buyback

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