Gail India Buyback vs Sarda Energy & Minerals Buyback

Comparision between Gail India Buyback and Sarda Energy & Minerals Buyback.

Buyback Details

Gail India Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Sarda Energy & Minerals Buyback is a Tender Offer proposed to list at BSE, NSE.

Gail (India) Limited

Sarda Energy & Minerals Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

Buyback Price

₹150 per share

₹1500 per share

Issue Size

6,97,56,641 shares

8,11,108 shares

Issue Size (Amount)

₹1,046.35 Crores

₹121.67 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	101 Equity Share out of every 823 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	6 Equity Share out of every 299 Fully paid-up Equity Shares held on the Record Date.

Registrar

Mcs Share Transfer Agent Limited

Bigshare Services Pvt Ltd

Lead Managers

Idbi Capital Market Services Limited

Hem Securities Limited

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 being undertaken for the following reasons:

1. The Buyback will help the company to distribute surplus cash to its shareholders holding Equity shares broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders.

2. The Buyback would help in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the company.

Buyback Timetable

Gail India Buyback and Sarda Energy & Minerals 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. Sarda Energy & Minerals Buyback Buyback record date is May 06, 2022.

	Gail (India) Limited	Sarda Energy & Minerals Limited
Record Date	Jan 28, 2021	May 06, 2022
Offer Open Date	Feb 25, 2021	Jun 02, 2022
Offer Closure Date	Mar 10, 2021	Jun 15, 2022
Last date for receipt of tender forms	Mar 12, 2021	Jun 15, 2022
Finalisation of buyback	Mar 18, 2021	Jun 24, 2022
Last Date for settlment of bids	Mar 19, 2021	Jun 27, 2022
Last Date for extinguishment of shares	Mar 26, 2021	Jul 04, 2022

Financial Details and Other Relevent Information

Comparison of Gail India Buyback and Sarda Energy & Minerals 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

Sarda Energy & Minerals 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 Crores)
	31-Dec-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	2,871.85	2,343.27	1983.22	2340.74
Profit After Tax	603.52	376.42	135.54	207.13
Net Worth	2,789.34	2221.25	1867.39	1743.43
Reserves and Surplus	2,753.29	2185.20	1831.34	1707.38

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
Mar-2022	1195.60	847.70	1058.66
Feb-2022	959.45	730.00	843.03
Jan-2022	875.00	758.00	807.21

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
Mar-2022	1197.60	845.05	1059.86
Feb-2022	960.00	727.05	843.90
Jan-2022	877.00	756.80	807.47

Compare with others

Gail (India) Limited	Sarda Energy & Minerals Limited
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Bharat Rasayan Buyback	Matrimony.com Buyback
Jagran Prakashan Buyback	SMC Global Securities Buyback
Nava Bharat Ventures Buyback	IndiaMART InterMESH Buyback
Indian Toners & Developers Buyback	Sinclairs Hotels Buyback
NALCO Buyback	UPL Limited Buyback 2022
Neelamalai Agro Buyback	GAIL (India) Buyback
VRL Logistics Buyback	Filatex India Buyback
Anup Engineering Buyback	Atul Limited Buyback
Atul Buyback	Pennar Industries Buyback

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