Gulf Oil Lubricants Buyback 2022 description – Gulf Oil Lubricants Ltd is engaged in the business of manufacturing, marketing and trading of automotive and non-automotive lubricants. It is among the top three lubricant companies in India among private players.
The company’s distribution network includes 70,000+ retailers, 300+ auto retailers, 8,000+ bike stops and 2,000+ car stops across India. Its B2B industrial network includes 200+ direct industries, 50+ industrial distributors and 500+ customers from infrastructure, mining and fleet industries. The company has tie-ups with several OEMs like Ashoka Leyland, Volvo, Mahindra, Swaraj, Bajaj, Tata, Piaggio and others. The company earns ~95% of sales from the domestic market and the rest 5% from exports.
Gulf Oil Lubricants Share Buyback 2022 Details
|Buyback Dates||25 March – 7 April 2022|
|Gulf Oil Lubricants Buyback Price||INR600 per share|
|Buyback Offer Size (Shares)||14,16,667 shares|
|Buyback offer as % of total shares||2.8%|
|Buyback Offer Size (Amount)||INR85 crore|
|Face Value||INR2 per share|
|Listing At||BSE, NSE|
Gulf Oil Lubricants Buyback Dates (Timeline)
|Board Meeting for Buyback Proposal||9 February 2022|
|Buyback Approval Date||9 February 2022|
|Public Announcement of Buyback||14 February 2022|
|Gulf Oil Lubricants Buyback Record Date||21 February 2022|
|Buyback Opening Date||25 March 2022|
|Buyback Closing Date||7 April 2022|
|Cut-off Date to receive completed tender forms by Registrar||19 April 2022|
|Verification Date by the Registrar||20 April 2022|
|Return of unaccepted shares by Registrar||20 April 2022|
|Extinguishment of accepted shares||26 April 2022|
Gulf Oil Lubricants Share Buyback 2022 Documents
Gulf Oil Lubricants Share Buyback Entitlement Ratio
|Shareholder Category||Entitlement Ratio||Entitlement Ratio (in %)|
|Small Shareholders |
(less than INR2 Lakh on record date)
|General category |
(for all other Eligible Shareholders)
Small Shareholder is defined as shareholder who holds shares worth less than INR2,00,000 as on record date.
Gulf Oil Lubricants’ Financial Performance
Working Calculation of Amount Invested in Buyback
|Maximum market value of a share holder as on record date||INR2,00,000|
|Maximum shares for small shareholder (2,00,000/600)||333 shares|
|Closing price of share as on 9 February 2022||INR476.1|
|Maximum amount invested in buyback (476.1 x 333 shares)||INR1,58,541|
Profit from Gulf Oil Lubricants Buyback by Acceptance Ratio
|Acceptance ratio||Amount invested in buyback||No. of shares bought back||Buyback Profit||Profit in %|
Registrar of Gulf Oil Lubricants Stock Buyback 2022
KFin Technologies Private Limited
Selenium Tower B, Plot 31-32, Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: [email protected]
Manager of Gulf Oil Lubricants Share Buyback 2022
Motilal Oswal Investment Advisors Limited
Motilal Oswal Tower,
Rahimtullah Sayani Road,
Opposite Parel ST Depot, Prabhadevi
Mumbai – 400 025, Maharashtra
Phone: +91 022 7193 4380
Email: [email protected]
Necessity of the Buyback
- The buy-back gives an option to the equity shareholders to either participate in the buy-back and receive cash in lieu of Equity Shares accepted under the buy-back.
- The buy-back helps to return surplus cash to its shareholders, in proportion to their shareholding, thereby, enhancing the overall returns to shareholders.
- The buy-back would help in improving Earning per share (EPS), Return on asset (ROA) and Return on equity (ROE) ratios of the Company.
- The buy-back, which is being implemented through the Tender Offer route as prescribed under the Buyback Regulations, would involve a reservation for small shareholders as defined in the Buy-back Regulations.
Process to Participate in Gulf Oil Lubricants Share Buyback
All eligible Shareholders of the Company who own Physical Shares or Demat Shares on the Record Date may participate in the buyback offer through their Stock Broker. The eligible shareholder who holds the shares in Demat form must notify their broker of the details of the Equity shares that they wish to tender in the Buyback Offer.
The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.
The eligible shareholder who owns the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.
Frequently Asked Questions
When does Gulf Oil Lubricants share buyback offer open?
Gulf Oil Lubricants share buyback opens on 25 March and closes on 7 April 2022.
Which type of buyback is Gulf Oil Lubricants buyback offer?
Gulf Oil Lubricants Buyback is a tender offer.
What is the Gulf Oil Lubricants stock buyback price?
Gulf Oil Lubricants stock buyback price is INR600 per share.
What is the Gulf Oil Lubricants stock buyback record date?
The record date is 21 February 2022.