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Gail India Buyback vs Jagran Prakashan Buyback

Comparision between Gail India Buyback and Jagran Prakashan Buyback.

Buyback Details

Gail India Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Jagran Prakashan Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

  Gail (India) Limited Jagran Prakashan Limited
Logo Gail India Buyback Logo Jagran Prakashan Buyback Logo
Type of Buyback Tender Offer Open Market Through Stock Exchange
Listing At BSE, NSE BSE, NSE
Face Value ₹10 per share ₹2 per share
Buyback Price ₹150 per share ₹60 per share
Issue Size 6,97,56,641 shares
Issue Size (Amount) ₹1,046.35 Crores ₹118.00 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.
Registrar Mcs Share Transfer Agent Limited Kfin Technologies Limited
Lead Managers Idbi Capital Market Services Limited Ernst & Young Merchant Banking Services Llp
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 Buy-back is being undertaken by the Company to:
i) Optimize returns to shareholders;
ii) Enhance overall shareholders' value;
iii) To return surplus cash to its shareholders; and
iv) To improve return on equity, by reduction in the equity base;

Buyback Timetable

Gail India Buyback and Jagran Prakashan 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. Jagran Prakashan Buyback Buyback record date is .

  Gail (India) Limited Jagran Prakashan Limited
Record Date Jan 28, 2021
Offer Open Date Feb 25, 2021 Mar 08, 2021
Offer Closure Date Mar 10, 2021 Sep 07, 2021
Last date for receipt of tender forms Mar 12, 2021
Finalisation of buyback Mar 18, 2021
Last Date for settlment of bids Mar 19, 2021
Last Date for extinguishment of shares Mar 26, 2021

Financial Details and Other Relevent Information

Comparison of Gail India Buyback and Jagran Prakashan 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 Jagran Prakashan 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 Millions)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 17,898.73 19,650.07 19,247.38
Profit After Tax 2,622.83 2,199.12 2,660.13
Net Worth 13,717.20 13,399.97 15,213.14
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
Feb-2021 60.30 39.90 46.90
Jan-2021 46.80 39.70 43.52
Dec-2020 46.95 39.05 42.93
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
Feb-2021 60.40 40.30 46.89
Jan-2021 46.70 39.15 43.54
Dec-2020 46.90 39.10 42.90

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