Gail India Buyback vs SMC Global Securities Buyback

Comparision between Gail India Buyback and SMC Global Securities Buyback.

Buyback Details

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

Gail (India) Limited

SMC Global Securities Ltd

Logo

Type of Buyback

Tender Offer

Open Market Through Stock Exchange

Listing At

BSE, NSE

Face Value

₹10 per share

₹2 per share

Buyback Price

₹150 per share

₹115 per share

Issue Size

6,97,56,641 shares

Issue Size (Amount)

₹1,046.35 Crores

₹75.00 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

Link Intime India Private Ltd

Lead Managers

Idbi Capital Market Services Limited

Corporate Professionals Capital Private Ltd

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 buyback aims to utilize the net proceeds towards the following objectives:

To improve the return on equity through the distribution of cash.
To improve earnings per share by reducing the equity base, thereby leading to a long-term increase in the value of shareholders.
The Buyback offer is a strategic decision of the company taken based on the assimilation of the operational cash needs in the medium term and for returning surplus funds to the members effectively and efficiently.

Buyback Timetable

Gail India Buyback and SMC Global Securities 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. SMC Global Securities Buyback Buyback record date is .

	Gail (India) Limited	SMC Global Securities Ltd
Record Date	Jan 28, 2021
Offer Open Date	Feb 25, 2021	May 20, 2022
Offer Closure Date	Mar 10, 2021	Aug 16, 2022
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 SMC Global Securities 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

SMC Global Securities Ltd

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 Lakhs)
	31-Mar-22	31-Mar-21	31-Mar-20
Total Income	1,12,082.08	90,820.11	78,413.45
Profit After Tax	17,456.85	10,501.53	2,386.17
Net Worth	92,610.38	77,270.90	68,141.91

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
Apr-2022	86.80	77.75	82.13
Mar-2022	82.30	69.05	75.71
Feb-2022	89.00	68.55	77.98

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
Apr-2022	86.40	73.85	82.48
Mar-2022	82.00	69.80	75.45
Feb-2022	88.65	70.05	79.71

Compare with others

Gail (India) Limited	SMC Global Securities Ltd
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Anup Engineering Buyback	UPL Limited Buyback 2022
Atul Buyback	GAIL (India) Buyback

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