Gail India Buyback

Gail India Buyback

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Gail India Buyback will open for subscription on 25 February 2021. The company aims for an issue size of ₹1,046.35 Crores through this buyback Issue.

Gail (India) Limited

Incorporated in 1984 as Gas Authority of India Limited, GAIL (India) Limited (GAIL) is a Maharatna Company. The company is a Central Public Sector Enterprise established under the Ministry of Petroleum & Natural Gas with a mission of ‘ Accelerating and optimizing the effective and economic use of Natural Gas and its fractions for the benefit of the national economy. GAIL covers the entire natural gas value chain comprising of gas transmission & marketing, LPG transmission, gas processing, petrochemical, LNG imports, Exploration & Production, and city gas distribution and has a strong experience and expertise in this business. Apart from the LNG business, GAIL has also diversified into the renewable energy business. 

GAIL owns and operates appx 12,900 Km length of pan-India natural gas pipeline network with a capacity to carry around 206 Million Metric Standard Cubic meters per day (MMSCMD) of natural gas. The company has five gas processing plants with a capacity to produce 1.4 MMTPA of LPG.

GAIL has a strong presence across India with its stake in various gas companies related to petrochemicals complex, LNG business, gas-based combined cycle power plant. GAIL has a strong focus in city gas distribution (CGD) business operating in 61 Geographical Areas throughout India and catering to around 66% of the total 62.05 lakh domestic PNG connections in the country. Out of the 2,207 CNG stations in the country, the company and its group operate 1,385 CNG stations representing 63% share. In FY 19-20, GAIL registered a record addition of 9.52 lakh household PNG connections and 311 CNG stations. Further, GAIL has equity participation in two city gas companies in Egypt and one city gas company in China. GAIL has participating interest in 9 E&P blocks in India apart from 2 blocks in Myanmar and 1 shale gas asset in the USA.

Objectives of the Issue

  • Improve Return on Equity.
  • Optimize the capital structure of the company.
  • Increase in shareholder’s value in the long-term.

Gail India Buyback Issue Timetable

Offer Opens OnFeb 25, 2021
Offer Closes OnMar 10, 2021
Record DateJan 28, 2021
Last Date for receipt of Tender FormsMar 12, 2021
Finalization of Buyback AcceptanceMar 18, 2021
Last Date for settlement of bidsMar 19, 2021
Last Date for Extinguishment of SharesMar 26, 2021

Gail India Buyback Detail

Security NameGail (India) Limited
Issue TypeTender Offer
Issue Size (Shares)6.98 Crores
Issue Size (Amount)₹1,046.35 Crores
Buyback Price₹150 per share
Face Value₹10 per share
Listing AtBSE, NSE

Buyback Ratio

CategoryEntitlement Ratio of Buyback
Reserved Category for Small Shareholders71 Equity Shares out of every 733 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders4 Equity Shares out of every 297 Equity Shares held on the Record Date.

Company Financials

ParticularsFor the year/period ended (Rs. in Crores)
Total Income73,293.1976,671.5754,812.49
Profit After Tax6,620.636,025.674,618.41
Net Worth41,853.9939,202.0635,241.50

Stock Market Data (for preceding 3 months)


MonthHigh PriceLow PriceAverage Price


MonthHigh PriceLow PriceAverage Price
MonthHigh PriceLow PriceAverage Price

Gail India Buyback Registrar

MCS Share Transfer Agent Limited
F-65 1st Floor,
Okhla Industrial Area,
New Delhi – 110020

Phone: (+91 11) 4140 6149

Company Contact Information

Gail (India) Limited
16, Bhikaiji Cama Place,
R. K. Puram, New Delhi-110066

Phone: 011-26170740

Final Thoughts

A buyback occurs when the issuing company pays shareholders the market value per share and re-absorbs that portion of its ownership that was previously distributed among public and private investors. subscribing for a buyback issue is purely a personal choice. make a detailed study before you make a decision on buyback issue subscription.

Happy Investing

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