Gulf Oil Lubricants Buyback 2022 Record Date, Buyback Price, Entitlement Ratio

Last updated on March 17, 2022

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.

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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
Offer Type	Tender
Promoter Participation	Yes
Face Value	INR2 per share
Listing At	BSE, NSE

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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

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Gulf Oil Lubricants Share Buyback 2022 Documents

Offer Letter
Draft Letter of Offer
Public Announcement
Upcoming Share Buyback

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Gulf Oil Lubricants Share Buyback Entitlement Ratio

Shareholder Category	Entitlement Ratio	Entitlement Ratio (in %)
Small Shareholders (less than INR2 Lakh on record date)	27/374	7.22
General category (for all other Eligible Shareholders)	9/355	2.54

Small Shareholder is defined as shareholder who holds shares worth less than INR2,00,000 as on record date.

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Gulf Oil Lubricants’ Financial Performance

	FY2019	FY2020	FY2021
Total Income	1,705.80	1,643.50	1,652.21
Total Expenses	1,437.90	1,381.80	1,401.66
Net income	177.78	202.52	200.09

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Working Calculation of Amount Invested in Buyback

Maximum market value of a share holder as on record date	INR2,00,000
Buyback price	INR600
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

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Profit from Gulf Oil Lubricants Buyback by Acceptance Ratio

Acceptance ratio	Amount invested in buyback	No. of shares bought back	Buyback Profit	Profit in %
33%	1,58,541	111	13,753	8.67
50%	1,58,541	166	20,568	12.97
75%	1,58,541	249	30,851	19.46

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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]
Website: www.kfintech.com

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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]
Website: www.motilaloswalgroup.com

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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.

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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.

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Frequently Asked Questions