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Gail India Buyback vs Neelamalai Agro Buyback

Comparision between Gail India Buyback and Neelamalai Agro Buyback.

Buyback Details

Gail India Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Neelamalai Agro Buyback is a Tender Offer proposed to list at BSE.

  Gail (India) Limited Neelamalai Agro Industries Limited
Logo Gail India Buyback Logo Neelamalai Agro Buyback Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE
Face Value ₹10 per share ₹10 per share
Buyback Price ₹150 per share ₹1600 per share
Issue Size 6,97,56,641 shares 25,350 shares
Issue Size (Amount) ₹1,046.35 Crores ₹4.06 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.
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 1 Equity Shares out of every 8 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 1 Equity Shares out of every 8 Equity Shares held on the Record Date.
Registrar Mcs Share Transfer Agent Limited Cameo Corporate Services Limited
Lead Managers Idbi Capital Market Services Limited Saffron Capital Advisors Private Limited
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) Improve key financial ratios;
ii) Return part of surplus cash, back to shareholders ;
iii) Improve earnings per share;
iv) Reduce outstanding shares; and
v) Enhance return on invested capital.

Buyback Timetable

Gail India Buyback and Neelamalai Agro 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. Neelamalai Agro Buyback Buyback record date is Feb 05, 2021.

  Gail (India) Limited Neelamalai Agro Industries Limited
Record Date Jan 28, 2021 Feb 05, 2021
Offer Open Date Feb 25, 2021 Feb 24, 2021
Offer Closure Date Mar 10, 2021 Mar 09, 2021
Last date for receipt of tender forms Mar 12, 2021 Mar 09, 2021
Finalisation of buyback Mar 18, 2021 Mar 18, 2021
Last Date for settlment of bids Mar 19, 2021 Mar 19, 2021
Last Date for extinguishment of shares Mar 26, 2021 Mar 26, 2021

Financial Details and Other Relevent Information

Comparison of Gail India Buyback and Neelamalai Agro 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 Neelamalai Agro Industries 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 (Consolidated)
Particulars For the year/period ended (Rs in Million)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 265.30 379.17 308.64
Profit After Tax 171.40 138.92 120.55
Net Worth 1,677.41 1,560.31 1,434.92
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
Dec-2020 1487.25 1349.00 1418.13
Nov-2020 1287.70 1009.00 1148.35
Sep-2020 993.15 945.90 969.53
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

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