Gandhi Special Tubes Limited Buyback vs Mahalaxmi Rubtech Buyback

Comparision between Gandhi Special Tubes Limited Buyback and Mahalaxmi Rubtech Buyback.

Buyback Details

Gandhi Special Tubes Limited Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Mahalaxmi Rubtech Buyback is a Tender Offer proposed to list at BSE.

Gandhi Special Tubes Limited

Mahalaxmi Rubtech Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

BSE

Face Value

₹5 per share

₹10 per share

Buyback Price

₹550 per share

₹70 per share

Issue Size

7,66,616 shares

27,00,000 shares

Issue Size (Amount)

₹42.16 Crores

₹18.90 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.

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	25 Equity shares out of every 73 fully paid up Equity shares held on the Record date.
General Category for all other Eligible Shareholders	14 Equity shares out of every 71 fully paid up Equity shares held on the Record date.

Registrar

Kfin Technologies Limited

Cameo Corporate Services Limited

Lead Managers

Prime Securities Limited

Saffron Capital Advisors Private Limited

Necessity of the buyback

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.

The Buyback aims to :
ii) Give an option to shareholders to get cash in lieu of Equity Shares to be accepted under the Buyback or choose not to participate and enjoy a resultant increase in their percentage shareholding without additional investment.
iii) The Buyback will help in improving certain key financial ratios of the Company.

Buyback Timetable

Gandhi Special Tubes Limited Buyback and Mahalaxmi Rubtech Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Gandhi Special Tubes Limited Buyback Buyback record date is Aug 31, 2021. Mahalaxmi Rubtech Buyback Buyback record date is Aug 27, 2021.

	Gandhi Special Tubes Limited	Mahalaxmi Rubtech Limited
Record Date	Aug 31, 2021	Aug 27, 2021
Offer Open Date	Sep 21, 2021	Sep 29, 2021
Offer Closure Date	Oct 04, 2021	Oct 12, 2021
Last date for receipt of tender forms	Oct 06, 2021	Oct 15, 2021
Finalisation of buyback	Oct 12, 2021	Oct 22, 2021
Last Date for settlment of bids	Oct 13, 2021	Oct 25, 2021
Last Date for extinguishment of shares	Oct 20, 2021	Nov 01, 2021

Financial Details and Other Relevent Information

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

Gandhi Special Tubes Limited

Mahalaxmi Rubtech Limited

Financial

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

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	1,393.76	1,811.11	1,866.50
Profit After Tax	61.00	48.16	49.31
Net Worth	940.32	880.91	830.48
Reserves and Surplus	807.12	747.71	697.28

Stock price at BSE

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 BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2021	68.75	47.90	58.33
Jun-2021	51.35	48.25	49.80
May-2021	51.10	37.60	44.35

Stock price at NSE

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

Gandhi Special Tubes Limited	Mahalaxmi Rubtech Limited
Goldiam International Buyback	S H Kelkar Buyback
eClerx Services Limited Buyback	Nucleus Software Buyback
Rishiroop Limited Buyback	Goldiam International Buyback
Mahalaxmi Rubtech Buyback	eClerx Services Limited Buyback
Star Cement Buyback	Rishiroop Limited Buyback
Shriram Pistons & Rings Buyback	Star Cement Buyback
Rsystems Buyback	Gandhi Special Tubes Limited Buyback
Kaveri Seed Buyback	Shriram Pistons & Rings Buyback
Balrampur Chini Mills Buyback	Rsystems Buyback
Tanla Platforms Buyback	Kaveri Seed Buyback

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