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Incorporated in 1988, Gandhi Special Tubes Ltd (GST) (BSE: 513108 | NSE: GANDHITUBE) is engaged in the manufacture of small diameter welded and cold drawn seamless steel tubes. The Company is also manufacturing Cold Formed Tube Nuts for Fuel Injection Tube Assemblies , Hydraulic & other Tube Assemblies.
Update Dec 11,2017 - Gandhi Special Tubes Ltd Board is consider a share buyback in board meeting which is planned on Dec 18,2017.
Dec 18,2017 - Gandhi Special Tubes Ltd Board has approved a proposal for buyback of up to 8.8 lakh shares at Rs 500 per share, aggregating Rs 44 crore.Below is the complete details about Gandhi Special Tubes Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 44 Cr |
| Buyback Number of Shares: | 8.8 Lakhs |
| Buyback Price: | Rs 500 |
| Buyback Offer Size (In %): | 5.99% |
| Total Share Capital: | Rs 604.26 Cr |
| Face Value: | 10 Per Equity Share |
Can I Invest today to participate in Gandhi Special Tubes buyback offer? No
YIn this section we have covered all important dates related to Gandhi Special Tubes Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.
| Buyback Activity | Date |
|---|---|
| Board Meeting for Buyback proposal | 18th Dec 2017 |
| Buyback Approval date | 18th Dec 2017 |
| Public Announcement of Buyback | 19th Dec 2017 |
| Record Date | 9th Feb 2018 |
| Buyback opens on/Buyback Opening Date | 6th Mar 2018 |
| Buyback closes on/Buyback Closing Date | 19th Mar 2018 |
| Cut-off date to receive completed tender forms by Registrar | |
| Cut-off date for verification by the Registrar | 21st Feb 2018 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
26th Mar 2018 |
| Last date of settlement of bids on the stock exchange | 27th Mar 2018 |
| Last date to return unaccepted shares by Registrar | 28th Mar 2018 |
| Last date of extinguishment of Equity Shares | 4th Apr 2018 |
Stock Holding table gives a clear picture on retail investor holdings of Gandhi Special Tubes shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.
| Holding Type | In % |
|---|---|
| Promoter-Foreign | 0.0% |
| Promoter-Indian | 73.27% |
| Non-Promoter-Institutions | 4.32% |
| Non-Promoter-Non-Institutions | 22.41% |
The table below will give you a complete dashboard view for all open buyback offer in current market.
| Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
|---|---|---|---|---|---|---|---|
| Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 966.40 (-1.91%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 180.00 (6.48%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 299.20 (1.00%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 460.95 (-0.25%) | 22-04-2024 | 26-04-2024 | 03-05-2024 |
Detail Article on Benefit from buyback offer >> Read
Gandhi Special Tubes Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for Gandhi Special Tubes? How can I apply in Gandhi Special Tubes Buyback offer?For Buy back shares holders are divided in 2 categories:
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 60 Equity Shares out of every 509 Equity Shares | 11.79% |
| General Category | 13 Equity Shares out of every 236 Equity Shares | 5.51% |
For Gandhi Special Tubes Buyback Offer, Report updated by the registrar "Karvy Computershare Private Ltd." -
In Reserved category for Small Shareholders (Retail) - response received only 414.54%, No. of Equity Shares reserved in Buyback was 1,32,000 where valid bid received for retail category was 5,47,198 which is 414.54%. So with this retail investor got 11.79% acceptance of share.
In general category - response received 583.81%, No. of Equity Shares reserved in Buyback was 7,48,000 where valid bid received for retail category was 43,66,936 which is 583.81% oversubscribed.
Last Updated on 2018-06-30T01:53:58+00:00
