Gujarat Apollo Industries Buyback vs NIIT Buyback

Comparision between Gujarat Apollo Industries Buyback and NIIT Buyback.

Buyback Details

Gujarat Apollo Industries Buyback is a Tender Offer buyback proposed to list at BSE, NSE while NIIT Buyback is a Tender Offer proposed to list at BSE, NSE.

Gujarat Apollo Industries Limited

NIIT Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

₹2 per share

Buyback Price

₹222 per share

₹240 per share

Issue Size

8,61,915 shares

98,75,000 shares

Issue Size (Amount)

₹19.13 Crores

₹237.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	23 Equity Shares out of every 168 fully paid-up Equity Shares held on the Record Date
General Category for all other Eligible Shareholders	1 Equity Share out of every 16 fully paid-up Equity Shares held on the Record Date

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	102 Equity Shares for every 919 Equity Shares held on the Record Date
General Category for all other Eligible Shareholders	19 Equity Shares for every 292 Equity Shares held on the Record Date

Registrar

Link Intime India Private Ltd

Lead Managers

PL Capital Markets Private Limited

Jm Financial Limited

Necessity of the buyback

The Buy-back is being undertaken by the Company to:
i) Effectively utilize surplus cash;
ii) Reduce the fully paid-up, issued and outstanding number of equity shares and consequently increase earnings per share; and
iii) Improve financial ratios like return on net worth and return on capital employed.

The Buyback is being undertaken by the Company to:
i) To return surplus funds to the Equity Shareholders; and
ii) To help improve financial ratios like earnings per share and return on equity, by reducing the equity capital of the Company.

Buyback Timetable

Gujarat Apollo Industries Buyback and NIIT Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Gujarat Apollo Industries Buyback Buyback record date is Feb 26, 2021. NIIT Buyback Buyback record date is Feb 24, 2021.

	Gujarat Apollo Industries Limited	NIIT Limited
Record Date	Feb 26, 2021	Feb 24, 2021
Offer Open Date	Apr 08, 2021	Apr 12, 2021
Offer Closure Date	Apr 26, 2021	Apr 28, 2021
Last date for receipt of tender forms	Apr 28, 2021	Apr 30, 2021
Finalisation of buyback	May 04, 2021	May 06, 2021
Last Date for settlment of bids	May 05, 2021	May 07, 2021
Last Date for extinguishment of shares	May 12, 2021	May 14, 2021

Financial Details and Other Relevent Information

Comparison of Gujarat Apollo Industries Buyback and NIIT Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Gujarat Apollo Industries Limited

NIIT Limited

Financial

Summary of financial Information (Standalone)
Particulars	For the year/period ended (Rs. in Lakhs)
	31-Mar-20	31-Mar-19	31-Mar-18
Total Income	4,586.77	4,623.41	9,677.86
Profit After Tax	1,028.52	625.46	1,036.82
Net Worth	25,786.30	25,195.93	25,325.43

Summary of financial Information (consolidated)
Particulars	For the year/period ended (Rs. in Lakhs)
	31-Mar-20	31-Mar-19	31-Mar-18
Total Income	1,00,598	87,136	85,909
Profit After Tax	1,32,718	8,720	6,368
Net Worth	96,292	28,350	18,938

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jan-2021	273.90	195.60	216.90
Dec-2020	218.25	187.80	200.71
Nov-2020	225.00	178.90	202.98

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jan-2021	205.95	187.65	198.63
Dec-2020	207.35	168.75	182.88
Nov-2020	190.35	131.50	153.42

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jan-2021	265.55	198.05	216.89
Dec-2020	219.80	191.15	200.88
Nov-2020	219.35	180.75	202.95

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jan-2021	206.15	187.60	198.60
Dec-2020	207.30	168.85	182.97
Nov-2020	190.50	131.50	153.43

Compare with others

Gujarat Apollo Industries Limited	NIIT Limited
Quick Heal Technologies Buyback	Smartlink Holdings Buyback
SIS Buyback	Aarti Drugs Buyback
Smartlink Holdings Buyback	Insecticides India Buyback
Aarti Drugs Buyback	Gujarat Apollo Industries Buyback
Insecticides India Buyback	Savita Oil Buyback
Savita Oil Buyback	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

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