Gail Buyback 2021
GAIL (India) Ltd. is a Central Public Sector Undertaking (PSU) under the Ministry of Petroleum and Natural Gas, with the mission of accelerating and optimizing the effective and economic use of Natural Gas and its fractions for the benefit of the national economy.
GAIL, having started as a Gas Transmission Company during the late eighties, has grown organically by building a large network of Natural Gas pipelines covering over 11,000 km; two LPG Pipelines covering more than 2,000 km; six Gas Processing plants for production of LPG and other liquid hydrocarbons, with a combined production capacity of around 1.3 MMTPA, and a gas based integrated petrochemical plant of capacity 810,000 TPA. The Company also has 70% equity share in Brahmaputra Cracker and Polymer Limited (BCPL) which has set up 280,000 TPA polymer plant in Assam. Further, GAIL is a co-promoter of ONGC Petro-additions Limited (OPaL) which is implementing a green field petrochemical complex of 1.4 MMTPA polymer capacity at Dahej in the State of Gujarat. The company has integrated upstream into the business of Exploration & Production with participating interests in 11 E&P Blocks, including 2 blocks in Myanmar. GAIL has also integrated downstream into the high growth retail City Gas Distribution business both in India and abroad.
Buy Back Offer Deal:
| Buyback Type: | Tender Offer |
| Buyback Record Date: | Jan 28 2021 |
| Buyback Opening Date: | Feb 25 2021 |
| Buyback Closing Date: | Mar 10 2021 |
| Buyback Offer Amount: | ₹ 1046 Crores |
| Date of Board Meeting approving the proposal: | Jan 15 2021 |
| Date of Public Announcement: | Jan 15 2021 |
| Buyback Offer Size: | 2.50% |
| Buyback Number of Shares: | 6,97,56,641 |
| Price Type: | Tender Offer |
| FV: | 10 |
| Buyback Price: | ₹ 150 Per Equity Share |
Details of Buyback:
Salient financial parameters:
| Particulars (Crores) | Mar-15 | Mar-16 | Mar-17 | Mar-18 | Mar-19 | Mar-20 |
| Sales | 60,557 | 52,053 | 48,552 | 54,496 | 76,190 | 72,508 |
| Expenses | 54,923 | 47,524 | 42,537 | 46,701 | 66,283 | 63,495 |
| Operating Profit | 5,635 | 4,529 | 6,015 | 7,796 | 9,907 | 9,013 |
| OPM % | 9% | 9% | 12% | 14% | 13% | 12% |
| Other Income | 942 | 737 | 1,218 | 954 | 1,751 | 3,805 |
| Interest | 652 | 822 | 509 | 295 | 159 | 309 |
| Depreciation | 1,433 | 1,496 | 1,541 | 1,527 | 1,667 | 2,080 |
| Profit before tax | 4,492 | 2,949 | 5,183 | 6,928 | 9,831 | 10,429 |
| Tax % | 32% | 37% | 35% | 31% | 33% | 9% |
| Net Profit | 3,160 | 1,869 | 3,368 | 4,799 | 6,546 | 9,422 |
| EPS in Rs | 7.01 | 4.14 | 7.47 | 10.64 | 14.51 | 20.89 |
| Dividend Payout % | 24% | 37% | 56% | 43% | 25% | 31% |
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
| Acceptance Ratio | 33% | 50% | 75% | 100% |
| Amount Invested in Buyback | 1,86,666 | 1,86,666 | 1,86,666 | 1,86,666 |
| No. of Shares buyback | 439 | 666 | 999 | 1333 |
| BuyBack Profit | 4390 | 6660 | 9990 | 13330 |
| Profit | 2.3% | 3.5% | 5.3% | 7.14% |
Recommendation:
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100 % Shares accepted in retail category.
Today I have sold the remaining shares @149.95 for instant cash within 30 minutes and I got the credit. (ICICI DIRECT)
What charges taken by icici direct means
Brokerage
AMC
Etc
BBP is less than CMP. I have sold some@Rs.152.65. So please keep a close watch and act.
I have also not received mail of ER so far. Any one has same problem?
http://mcsregistrars.com/gail/buyback.php
Gail buyback entitlement shares link
umeshji where can we check our eligibility as a shareholder as on record date? did they announced on mcs(registrar) web site?
What % of shares are likely to be accepted in retail category? GAIL is up today. Is it better to sell now? Or wait for buyback?
100
*BUY BACK UPDATE*
*GAIL LTD*
Tender Opens On: 25-FEB-2021
Tender Closes On: 10-MAR-2021
Sattlement Date : 19-MAR-2021
Retail Entitlment 9.68%
Forward message
May it be 100% as cmp touching 150
Yes.
sir i want to check my eligibility as share holder as on record date, but i cant find on mcs web site, pls help
Buyback Open from Feb 25 to Mar 10
umeshji when gail buyback date will be announced?
within few days.
Message Regarding Engineers India Ltd buyback
Dear Customer you had tendered 2500 shares in BUYBACK of ENGINERSIN at the offer price of Rs.84 out of which 1596 quantity has accepted by Registrar at the Exit Price of Rs.84 .
I got the contract not from zerodha on the acceptance, but the remaining shares not yet credited or I haven’t received any payment for the accepted shares..
Anyone else got the payment
My money is still not credited in account
I am using sbi smart and my account is in sbi
Will the amount be credited to my trading account or will be credited to my normal saving account
I am seeing message many have got the amount credited in their account
255 out of 400 accepted. That makes acceptance ratio 63.75%.
Any update on GAIL buyback date?
How much time after record date do the buyback window get open.
when will GAIL buyback window open ?
Status At SEBI
Sl.No.Company Name Merchant Banker PA Date DOD received
on
Offer Size
(Rs Cr)
Last communication
issued/received
Processing status
3 GAIL (INDIA) LIMITED IDBI CAPITAL MARKETS &
SECURITIES LIMITED
18/01/2021 25/01/2021 1046 25/01/2021 Reply from MB received on 05/02/2021.
Under Process.
Any update on the acceptance ratio of EIL buyback please?
Expected Retail Acceptance Ratio in EIL is 48% as per bids received on last day.
255 out of 400 accepted. That makes acceptance ratio 63.75%.
I bought 70 at 141. Should I hold now or exit?
Shubham it better u wait for the buyback otherwise if the price goes more up then u can try to reduce ur losses…I have bough myself @ 134….
I bought at 141 😭😭😭😭😭😭
Hi Guys,
New to this & 1st Buyback. I have just 22 Shares @117 of GAIL. What should I do? Also havent they declared any divident this time?
Tender all 22
Whatever gets accepted is good
Rest sell or keep it for long term
It will take quite some time to come again at 150
Sorry Just now Saw corrction is mine are 220 Shares@117. I use Zerodha & will be participating in Buyback 1st Time.
1. What will be the best time to tender between this large timepriod given of 25th Feb – 10th March 2021.
2. Does tendering early or late effects Acceptance Ratio.
3. Since I had 220 Shares on the record date & can tender only these, ifthe price goes above 150, will it be benefical to sell directly.
4. I am actually planning to keep GAIL for longer time frame as Investment so does it benefit if price comes down, I buy more as Investment after tendering.
5. What as per your experience usually buy baack ratio in companies like GAIL.
@IZ team: Good lots of information, especially the rating by IZ, and also expected ER in buyback. It would be nice if you could include, the latest available shareholding pattern, likely AR is even better! Also,
actual AR for retail, after the issue is completed. Thanks in advance!
I have purchased 1333 @ Rs 133 for buyback purpose.
Can I sell after record date or hold. Kindly advise
Can I buy today (27-January) and be eligible for buyback?
No
Purchaswd GAIL on 25 jan and showing delivery 29 jan in icicidirect. Willit be get considered for BUYBACK?
Yes for sure if you don’t sell it till28
How much will be the Acceptance Ratio in gail buyback
Nearly 30 pc if range is in 130-140, above 140 then it is around 60 to 100 pc
Buyback of NALCO shares is likely to be considered in the meeting of the company to be held on January 27th. Please be prepared. Thank you.
In respect of UNIQUOTERS shares buyback, only 46 shares are accepted out of the tendered 500 shares. Thus the AR is even below 10%. The buyback price is Rs.400/-. It will be a Herculean task to dispose the unaccepted shares. Have to face the music. Any members in the forum submitted the shares for buyback?
It is Mayur Uniquoters. Sorry for omission.
Mayur Uniqoters is still profitable. You can sell remaining shares at 300. The price was less than 280 even before the record date.
Yes I have participated in Mayur Uniquoter buyback from two accounts…the AR is around 8-9% .Though my entry price is around 260-270. So as per CMP it is in a comfortable zone for me to exit…which I will do within this week…my target price is around 310-312…
Gaurav ji and Parth G ji, thank you very much for your kind response. I am also planning to dispose the unaccepted shares left after buyback @305/- as my cost price is around Rs.275/-. Yes, it is a profitable one. I agree with you. Thank you very much once again.
The closing price of MAYUR UNIQUOTERS is Rs.293.70 . I request the senior members to analyse the reasonable possibility of reaching the price to Rs.310/- along with the time frame. Thank you.
Exit Kar do Sivaji
Agar market tuti jiske ki chances hai kyoki it’s quite expensive
Then this will crack like hell
So exit
Aashish ji, thank you very much for your kind response. 50% of the unaccepted shares were sold at around Rs295/-. Monday i will watch the situation and act accordingly. Thank you once again.
Attn : Mr Anurag
EIL Buy back
In case of any queries, you may contact the Company (details provided above) or the Manager to the Buyback or Registrar to the Buyback at the details mentioned below:
MANAGER TO THE BUYBACK
REGISTRAR TO THE BUYBACK
IDBI CAPITAL MARKETS & SECURITIES LIMITED
6th Floor, IDBI Tower, WTC Complex, Cuffe Parade,
Mumbai – 400 005, Maharashtra, India
Contact person: Mr. Sumit Singh
Tel: +91 22 2217 1700
Fax: 91 22 2215 1787
Email: eil.buyback2020@idbicapital.com
Website:www.idbicapital.com
SEBI Registration No.: INM000010866
Validity Period: Permanent
CIN: U65990MH1993GOI075578
ALANKIT ASSIGNMENTS LIMITED
205-208, Anarkali Complex, Jhandewalan Extension,
New Delhi – 110055
Tel No: +91-11-4254 1234 / 2354
Fax: +91-11-2355 2001
Contact Person: Mr. Virender Sharma
Email: eilbuyback@alankit.com
Website: http://www.alankit.com
SEBI Registration Number : INR000002532
Validity Period: Permanent
CIN: U74210DL1991PLC042569
Thanks a lot sir
Good evening sir.
I have not got any mail regarding buyback /tender form of engineers India till now. Please help me by sending a link from there I can download the form.
Thanks in advance sir
I got e-mail on 15 Jan
Check ur e-mail and also spam
It should be there the e-mail which shows ER
For me total 2300 shares are there any 330 considered as per ER.
Admin please make page for ENGINEERS INDIA
https://buyback.alankit.com/
goto this link :- https://buyback.alankit.com/
Hi….Why still a page on EIL is not yet created.
Can you moderators or Umrah Saab take the needful action.
Thank you in advance
Ar will be around 30% i guess.
In my opinion, any purchase price more than Rs. 137.5 may not yield reasonable profit. Dividend is also considered while arriving at the above price. The AR may be hopefully around 50% to 60%. The selling rate of unaccepted shares after buyback feared to be a very very low one and we cannot really enjoy the fruits of buyback. Listen to all and take your own decision. Thank you.
50 to 60% Wow am not sure how you arrived at that number. Seems more like a wishlist than the result of a analysis. Even Investorzone is assuming 11% Entitlement and in best case Acceptance would be about 22%. Not sure if you have any insight on Gas sector which is unknown to public.
Sir, I wholeheartedly welcome your response. As govt.’s share is around 51.5%, it may not participate in buyback so as to maintain the minimum obligatory share of 50%. As the buyback price is not that much attractive wrt the market price at the time of my posting, I thought that many retail investors may not participate in buyback due to the fear of possible selling of un accepted shares at around Rs.125/- to Rs. 130/-. I may be wrong in assessing. Thank you very much for your kind words.
It is the government’s requirement to have the buyback. So, government will tender their full entitlement. They did that in NMDC where the buyback price was below market price.
Also, since retail entitlement is much higher than their holding ratio, the government’s shareholding percentage will go up after the buyback.
Buyback is proportional mechanism. As a matter of fact, Govt. holding would increase if they do not participate. In case the Govt participate which they have already indicated that they will participate then the percentage holding does not change much.
Strategies in Gail Buyback:
Strategy 1:
Buy 1333 shares at 135-136 and sell shares on 27.01.2021, one day before Record date.
Buy again before the start of buyback as per exact ER and tender shares.
Strategy 2:
Buy 1333 shares at 135-136 and tender all shares only in Buyback.
But if we sell one day before the record date whether we will be eligible for buy back as Zerodha debits the shares sold on the same day.
True
In strategy 1:
“Buy again before the start of buyback as per exact ER and tender shares.”
—- How can we participate in the buy-back, if we sell shares before the record date ?
I said sell one day before the record date. If you sell one day prior to Record date, then shares will be debited in T+2 days. But always check with brokers, some broker remove the shares in the same day, so in that case you will not be eligible to participate in buyback.
Can someone help explain, how is the ER – 22% as mentioned above ?
Corrected now to 11%.
Total Shares reserved for Retail investors = 10463496
Total shares between 1-5000 (as on 31.03.2020) = 95386643
ER = 11%
Umesh Paliwalji, ER may be higher than 11% if we go by retail investor definition.
Hi Sir,
Thanks for the update.
Is it not worth to participate in buy back as the present rate is Rs.139.2 and after taking into consideration the interim divident of Rs.2.50 per share, the cost price will be Rs.136.70 (approximately) and the buy back price is Rs.150 ? Also it appears with the buy back price announced, many investors are disappointed as the share price has fallen upto 7% compared to the peak level on 15.01.21. So can we assume that there will be lacklustre response to the buy back, and those who participate will have a fair chance of higher AR?
Seniors may please resond. Thank you.
AR may hopefully be around 50% to 60%. The unaccepted shares after buyback are to be sold at least price of Rs 130/-. Other wise, the fruits of buyback cannot be enjoyed. Analyse and take decision accordingly. Thank you.
Not every buyback is profitable. Price of unaccepted shares can crack even much below 130.
Sir, thank you very much for your kind response.
Ar will be very less because of only 1.5% buyback.
As record date is near and market is falling best to wait till around 135-137 levels and take a position in the buyback.
Yes you are correct Sir. I presume that the stock price has fallen to Rs.136-139 on 15.01.2021 because Nifty has lost 1.11%. But from Monday i.e 18.01.2021 investors may show buying interest in the stock to participate in the buy back and the price will rise. Since record date has already been announced at the most it may take one and half month for the buy back to open. So waiting time is less as also the profit percentage margin.
Engineers India ER 14%. Buyback starting on 22 Jan
Any Guess for Acceptance Ratio for EIL buyback?
Around 55% to 65%
Buyback @Rs 150. Divided Rs 2.5. Declared
This is for GAIL
FEW SITES HAVE SPECULATED GAIL BUYBACK PRICE : 150+
sir,
what is the expected buyback price?
When there were talks about buyback the share was trading around 95…now it is 142…almost 50% movement already!
Yes
It was speculated that the buyback price will be around 125
Now it’s already at 142