Gandhi Special Tubes Limited Buyback vs Rishiroop Limited Buyback

Comparision between Gandhi Special Tubes Limited Buyback and Rishiroop Limited Buyback.

Buyback Details

Gandhi Special Tubes Limited Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Rishiroop Limited Buyback is a Tender Offer proposed to list at BSE.

Gandhi Special Tubes Limited

Rishiroop Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

BSE

Face Value

₹5 per share

₹10 per share

Buyback Price

₹550 per share

₹125 per share

Issue Size

7,66,616 shares

6,40,000 shares

Issue Size (Amount)

₹42.16 Crores

₹8.00 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	5 Equity Shares out of every 57 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	6 Equity Shares out of every 95 fully paid-up Equity Shares held on the Record Date.

Registrar

Kfin Technologies Limited

Link Intime India Private Ltd

Lead Managers

Prime Securities Limited

Inga Ventures Pvt 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) help the Company to distribute surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
iii) in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the Company.

Buyback Timetable

Gandhi Special Tubes Limited Buyback and Rishiroop Limited 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. Rishiroop Limited Buyback Buyback record date is Sep 09, 2021.

	Gandhi Special Tubes Limited	Rishiroop Limited
Record Date	Aug 31, 2021	Sep 09, 2021
Offer Open Date	Sep 21, 2021	Oct 05, 2021
Offer Closure Date	Oct 04, 2021	Oct 20, 2021
Last date for receipt of tender forms	Oct 06, 2021	Oct 22, 2021
Finalisation of buyback	Oct 12, 2021	Oct 28, 2021
Last Date for settlment of bids	Oct 13, 2021	Oct 29, 2021
Last Date for extinguishment of shares	Oct 20, 2021	Nov 05, 2021

Financial Details and Other Relevent Information

Comparison of Gandhi Special Tubes Limited Buyback and Rishiroop Limited 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

Rishiroop 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 Millions)
	31-March-21	31-March-20	31-March-19
Total Income	660.70	413.18	629.91
Profit After Tax	299.99	(28.41)	73.01
Net Worth	827.49	574.99	629.09

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 BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2021	100.50	92.10	95.32
Jun-2021	113.00	92.00	101.58
May-2021	120.10	86.50	99.54

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

Compare with others

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eClerx Services Limited Buyback	S H Kelkar Buyback
Rishiroop Limited Buyback	Nucleus Software Buyback
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Star Cement Buyback	eClerx Services Limited Buyback
Shriram Pistons & Rings Buyback	Mahalaxmi Rubtech Buyback
Rsystems Buyback	Star Cement Buyback
Kaveri Seed Buyback	Gandhi Special Tubes Limited Buyback
Balrampur Chini Mills Buyback	Shriram Pistons & Rings Buyback
Tanla Platforms Buyback	Rsystems Buyback

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