Gujarat Apollo Industries Buyback will open for subscription from 08 April 2021. the company aims for an issue size of ₹19.13 Crores through this buyback issue.
Gujarat Apollo Industries Limited
The company provides state of the art and technically savvy crushing and screening solutions to industries like quarries, mining, construction, and recycling for over 40 years. The company manufactures equipment like crushers, static, portable, and mobile crushing and screening plants, recycled asphalt processors, mobile bridge inspection units, bucket crushers, etc. Gujarat Apollo is renowned as the pioneer of technology like Asphalt road construction equipment.
Objects of the Issue
- Reduce the fully paid-up, issued and outstanding number of equity shares and consequently increase earnings per share.
- Effectively utilize surplus cash.
- Improve financial ratios like return on net worth and return on capital employed.
Gujarat Apollo Industries Buyback Issue Timetable
| Offer Opens On | 08 April 2021 |
| Offer Closes On | 26 April 2021 |
| Record Date | 26 February 2021 |
| Last Date for receipt of Tender Forms | 28 April 2021 |
| Finalisation of Buyback Acceptance | 04 May 2021 |
| Last Date for settlment of bids | 05 May 2021 |
| Last Date for Extinguishment of Shares | 12 May 2021 |
Gujarat Apollo Industries Buyback Detail
| Security Name | Gujarat Apollo Industries Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 0.09 Crores |
| Issue Size (Amount) | ₹19.13 Crores |
| Buyback Price | ₹222 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
Buyback Ratio
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 23 Equity Shares out of every 168 fully paid-up Equity Shares held on the Record Date |
| General Category for all other Eligible Shareholders | 1 Equity Share out of every 16 fully paid-up Equity Shares held on the Record Date |
Company Financials
| Particulars | For the year/period ended (Rs. in Lakhs) | ||
|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Income | 4,586.77 | 4,623.41 | 9,677.86 |
| Profit After Tax | 1,028.52 | 625.46 | 1,036.82 |
| Net Worth | 25,786.30 | 25,195.93 | 25,325.43 |
Stock Market Data (for preceding 3 months)
BSE
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2021 | 273.9 | 195.6 | 216.9 |
| Dec-2020 | 218.25 | 187.8 | 200.71 |
| Nov-2020 | 225 | 178.9 | 202.98 |
NSE
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Month | High Price | Low Price | Average Price |
| Jan-2021 | 265.55 | 198.05 | 216.89 |
| Dec-2020 | 219.8 | 191.15 | 200.88 |
| Nov-2020 | 219.35 | 180.75 | 202.95 |
Buyback Registrar
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: gujaratapollo.buyback@linkintime
Company Contact Information
Gujarat Apollo Industries Limited
“Parishram”, 5-B, Rashmi Society,
Nr. Mithakhali Circle, Navrangpura,
Ahmedabad – 380009
Phone: +91-7228011811
Email: info@gapollo.net
Website: http://apollo.co.in/
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