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Gandhi Special Tubes Limited Buyback vs Shriram Pistons & Rings Buyback

Comparision between Gandhi Special Tubes Limited Buyback and Shriram Pistons & Rings Buyback.

Buyback Details

Gandhi Special Tubes Limited Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Shriram Pistons & Rings Buyback is a Tender Offer proposed to list at NSE.

  Gandhi Special Tubes Limited Shriram Pistons & Rings Limited
Logo Gandhi Special Tubes Limited Buyback Logo Shriram Pistons & Rings Buyback Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE NSE
Face Value ₹5 per share ₹10 per share
Buyback Price ₹550 per share ₹1020 per share
Issue Size 7,66,616 shares 3,50,000 shares
Issue Size (Amount) ₹42.16 Crores ₹35.70 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 426 Equity Shares out of every 485 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 2 Equity Shares out of every 151 fully paid-up Equity Shares held on the Record Date.
Registrar Kfin Technologies Limited Alankit Assignments Ltd
Lead Managers Prime Securities Limited Edelweiss Financial Services Ltd
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 :
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

Gandhi Special Tubes Limited Buyback and Shriram Pistons & Rings 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. Shriram Pistons & Rings Buyback Buyback record date is Aug 12, 2021.

  Gandhi Special Tubes Limited Shriram Pistons & Rings Limited
Record Date Aug 31, 2021 Aug 12, 2021
Offer Open Date Sep 21, 2021 Sep 17, 2021
Offer Closure Date Oct 04, 2021 Sep 30, 2021
Last date for receipt of tender forms Oct 06, 2021 Oct 04, 2021
Finalisation of buyback Oct 12, 2021 Oct 07, 2021
Last Date for settlment of bids Oct 13, 2021 Oct 11, 2021
Last Date for extinguishment of shares Oct 20, 2021 Oct 18, 2021

Financial Details and Other Relevent Information

Comparison of Gandhi Special Tubes Limited Buyback and Shriram Pistons & Rings 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 Shriram Pistons & Rings 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 Million)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 16,161.75 16,266.12 19,785.35
Profit After Tax 887.51 730.35 1,384.50
Net Worth 11,384.15 10,607.72 10,166.92
Reserves and Surplus 10,772.12 9,994.55 9,837.00
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 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

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2021 1113.75 878.00 953.26
Jun-2021 1048.80 746.00 852.27
May-2021 870.95 740.85 784.36

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