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Filatex India Buyback vs Gulf Oil Lubricants Buyback Feb 22

Comparision between Filatex India Buyback and Gulf Oil Lubricants Buyback Feb 22.

Buyback Details

Filatex India Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Gulf Oil Lubricants Buyback Feb 22 is a Tender Offer proposed to list at BSE, NSE.

  Filatex India Limited Gulf Oil Lubricants India Ltd
Logo Filatex India Buyback Logo Gulf Oil Lubricants Buyback Feb 22 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹2 per share ₹2 per share
Buyback Price ₹140 per share ₹600 per share
Issue Size 42,50,000 shares 14,16,667 shares
Issue Size (Amount) ₹59.50 Crores ₹85.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 23 Equity Share out of every 226 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 8 Equity Share out of every 485 Fully paid-up Equity Shares held on the Record Date.
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 27 Equity Shares for every 374 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 9 Equity Shares for every 355 Equity Shares held on the Record Date.
Registrar Mcs Share Transfer Agent Limited Kfin Technologies Limited
Lead Managers Corporate Professionals Capital Private Ltd Motilal Oswal Investment Advisors Limited
Necessity of the buyback

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.

  1. To distribute surplus cash to shareholders holding equity shares in proportion to their shareholdings.
  2. To improve financial ratios like earnings per share and return on equity by reducing the company's equity base.

Buyback Timetable

Filatex India Buyback and Gulf Oil Lubricants Buyback Feb 22 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Filatex India Buyback Buyback record date is Apr 08, 2022. Gulf Oil Lubricants Buyback Feb 22 Buyback record date is Feb 21, 2022.

  Filatex India Limited Gulf Oil Lubricants India Ltd
Record Date Apr 08, 2022 Feb 21, 2022
Offer Open Date May 09, 2022 Mar 25, 2022
Offer Closure Date May 23, 2022 Apr 07, 2022
Last date for receipt of tender forms May 23, 2022 Apr 07, 2022
Finalisation of buyback May 27, 2022 Apr 19, 2022
Last Date for settlment of bids Jun 01, 2022 Apr 20, 2022
Last Date for extinguishment of shares Jun 08, 2022 Apr 26, 2022

Financial Details and Other Relevent Information

Comparison of Filatex India Buyback and Gulf Oil Lubricants Buyback Feb 22 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Filatex India Limited Gulf Oil Lubricants India Ltd
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 2,23,660.74 2,79,448.95 2,88,588.53
Profit After Tax 16,583.32 12,147.04 8,484.60
Net Worth 68,976.87 52,272.04 39,934.67
Reserves and Surplus 64,560.51 47,878.34 35,584.67
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 17,042.64 16,790.46 17,353.35
Profit After Tax 2,000.85 2,025.21 1,777.82
Net Worth 8,693.76 7,613.07 5,867.43
Reserves and Surplus 8,593.14 7,512.86 5,767.83
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2022 129.80 101.15 119.89
Jan-2022 142.30 96.50 118.36
Dec-2021 103.90 72.50 90.82

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2022 502.90 445.00 462.26
Dec-2021 528.40 427.95 469.32
Nov-2021 614.60 499.00 582.56
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2022 129.35 101.00 120.46
Jan-2022 142.80 96.55 120.76
Dec-2021 104.00 72.35 91.36

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2022 503.00 445.50 462.28
Dec-2021 531.85 425.00 469.17
Nov-2021 617.55 499.75 583.12

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