Gujarat Apollo Industries Buyback

Gujarat Apollo Industries Buyback

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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 On08 April 2021
Offer Closes On26 April 2021
Record Date26 February 2021
Last Date for receipt of Tender Forms28 April 2021
Finalisation of Buyback Acceptance04 May 2021
Last Date for settlment of bids05 May 2021
Last Date for Extinguishment of Shares12 May 2021

Gujarat Apollo Industries Buyback Detail

Security NameGujarat Apollo Industries Limited
Issue TypeTender Offer
Issue Size (Shares)0.09 Crores
Issue Size (Amount)₹19.13 Crores
Buyback Price₹222 per share
Face Value₹10 per share
Listing AtBSE, NSE

Buyback Ratio

CategoryEntitlement Ratio of Buyback
Reserved Category for Small Shareholders23 Equity Shares out of every 168 fully paid-up Equity Shares held on the Record Date
General Category for all other Eligible Shareholders1 Equity Share out of every 16 fully paid-up Equity Shares held on the Record Date

Company Financials

ParticularsFor the year/period ended (Rs. in Lakhs)
Total Income4,586.774,623.419,677.86
Profit After Tax1,028.52625.461,036.82
Net Worth25,786.3025,195.9325,325.43

Stock Market Data (for preceding 3 months)


MonthHigh PriceLow PriceAverage Price


MonthHigh PriceLow PriceAverage Price
MonthHigh PriceLow PriceAverage Price

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

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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