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GAIL Limited Buyback Mar 2022


GAIL Limited (BSE:532155, NSE:GAIL) is taking shares from investors via Buyback Offer. Do you wish to tender your shares for GAIL Limited Buyback Mar 2022? The company has announced a buyback price of Rs 190. Buyback Announced on 31-03-2022, the Record Date for the eligible investor is 22-04-2022.

GAIL Limited Buyabck Tender process starts from 25-05-2022 and end on 07-06-2022.

Acceptation Ratio for retail investor (Holding Shares worth of less than Rs 2 Lakhs on Record date) is 8.03%%.

The summary report of GAIL Limited buyback contains overview, record date, tender dates, buyback size, buyback price, approximate entry level for new investors, date of extinguishment of Equity Shares, Entitlement Ratio for retail and general category.

GAIL Limited Buyback

TitleDetail
Company Name:GAIL Limited
Buyback Type:Tender Offer
Total Share Capital:-
Offer Amount:Rs 1082.72 Cr
Offer Size:1.28%
Buyback Number of Shares:5.69 Cr
Buyback Price:190
Approx Entry Price:155
Promoters In:Y
Buyback Approval Date:31-03-2022
Record Date:22-04-2022
Open Date:25-05-2022
Close Date:07-06-2022
Payment Date:16-07-2022
Record Date Price:164.20
Maximum Retail Quantity:1218
Draft Letter of Offer:Draft Letter of Offer
Letter of Offer:Letter of Offer
Acceptance Ratio Retail:2 Equity Share out of every 25 fully paid-up Equity Share held on the Record Date.
Acceptance Ratio Retail %:8.03%
Acceptance Ratio General:2 Equity Share out of every 179 fully paid-up Equity Share held on the Record Date.
Acceptance Ratio General %:1.12%
Final Acceptance Ratio %:24.42%

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FAQs

The Record Date for GAIL Limited Buyback offer is 22nd Apr 2022

Which means you should hold the GAIL Limited share in your demat account by closing session of 22nd Apr 2022. Share purchased on and before (22nd Apr 2022) - 2 business days will be available in your demat account by 22nd Apr 2022.

 

Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have GAIL Limited shares at ₹155 and buyback offer price is ₹190, you can get ₹35 per accepted share. If you hold 1290 shares of GAIL Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 426 to 645 shares with the gain from buyback of ₹14910 to ₹22575.

The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares.

GAIL Limited Buyback Profit Calculation

% Share AcceptedNo of Shared AcceptedGain from Buyback Offer
33%426₹14910
50%645₹22575
75%968₹33880
100%1290₹45150

 

Steps to participate in GAIL Limited buyback:

  1. On Record date (22nd Apr 2022) you must have share of GAIL Limited in your demat account/physical form. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly.
  2. After that company announces buyback open and close window, so you need to tender your share in buyback process. You can do this online or contact your broker to tender your share in buyback, so he can place a request on your behalf.
  3. Next step is with registrar - depend on buyback acceptance ratio, your shares will be sold in buyback process and fund will directly debited in your bank account. Any rejected share will be revert in your demat account which you can sell in open market or hold for long term gain.

 

Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.

 

Buyback opening date for GAIL Limited: 25th May 2022

Buyback closing date for GAIL Limited: 7th Jun 2022

This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .

 

As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar on or before 16th Jul 2022.

 

Buyback opening date for GAIL Limited: 25th May 2022

Buyback closing date for GAIL Limited: 7th Jun 2022

This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .

 


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