Gail India Buyback vs Suprajit Engineering Buyback

Comparision between Gail India Buyback and Suprajit Engineering Buyback.

Buyback Details

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

Gail (India) Limited

Suprajit Engineering Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

₹1 per share

Buyback Price

₹150 per share

₹320 per share

Issue Size

6,97,56,641 shares

15,00,000 shares

Issue Size (Amount)

₹1,046.35 Crores

₹48.00 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.

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	3 Equity Shares out of every 82 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	4 Equity Shares out of every 441 fully paid-up Equity Shares held on the Record Date.

Registrar

Mcs Share Transfer Agent Limited

Integrated Registry Management Services Private Limited

Lead Managers

Idbi Capital Market Services Limited

Capitalsquare 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) To return surplus funds to the Equity Shareholders; and
ii) To help improve financial ratios like earnings per share and return on equity, by reducing the equity base of the Company.

Buyback Timetable

Gail India Buyback and Suprajit Engineering 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. Suprajit Engineering Buyback Buyback record date is Feb 22, 2021.

	Gail (India) Limited	Suprajit Engineering Limited
Record Date	Jan 28, 2021	Feb 22, 2021
Offer Open Date	Feb 25, 2021	Apr 08, 2021
Offer Closure Date	Mar 10, 2021	Apr 26, 2021
Last date for receipt of tender forms	Mar 12, 2021	Apr 28, 2021
Finalisation of buyback	Mar 18, 2021	May 04, 2021
Last Date for settlment of bids	Mar 19, 2021	May 05, 2021
Last Date for extinguishment of shares	Mar 26, 2021	May 12, 2021

Financial Details and Other Relevent Information

Comparison of Gail India Buyback and Suprajit Engineering 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

Suprajit Engineering 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 Millions)
	31-Mar-20	31-Mar-19	31-Mar-18
Total Income	15,852.16	16,278.95	14,758.44
Profit After Tax	1,039.65	1337.94	1,384.83
Net Worth	8,537.68	7,750.73	6,549.00

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
Jan-2021	219.17	199.50	211.63
Dec-2020	203.45	190.30	198.22
Nov-2020	196.55	175.65	190.26

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
Jan-2021	219.60	199.60	211.60
Dec-2020	203.60	190.45	198.38
Nov-2020	196.90	175.90	190.31

Compare with others

Gail (India) Limited	Suprajit Engineering Limited
Suprajit Engineering Buyback	Aarti Drugs Buyback
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VRL Logistics Buyback	Nava Bharat Ventures Buyback
Anup Engineering Buyback	Indian Toners & Developers Buyback
Atul Buyback	Gail India Buyback

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