Gulf Oil Lubricants (NSE: GULFOILLUB, BSE: 538567) buyback was announced on 09 February 2022. Gulf Oil Lubricants buyback record date is 21 February 2022. The investor should buy the Gulf Oil Lubricants shares on or before 19 February to get the eligibility for the buyback.
Gulf Oil Lubricants India Ltd (GOLIL), part of the Hinduja Group, is an established player in the Indian Lubricants Industry. Gulf Oil International (GOI), the parent of GOLIL, owns the Gulf brand globally (except USA, Spain & Portugal). Previously a part of Gulf Oil Corporation Limited, today, GOLIL, as part of the parent company GOI, enjoys a presence in over 100 countries. With operations primarily in the Automotive and Industrial segments, and a leading presence in the open market through a stellar distributor network, we supply directly to OEMs and other B2B customers (Industries, Infrastructure, Mining & Fleet Customers, State Transport and Government Undertakings).
They are the Fastest Growing Lubricant Player by consistently outperforming the industry growth rate YOY. With 11% CAGR volume growth in the last 8 years, GOLIL has recorded 3x-4x times growth of the lube industry. Their Comprehensive Product Portfolio covers Automotive, Industrial, and Marine applications, with approvals from bodies like API, JASO, ACEA, and leading global OEMs. Gulf in India is the pioneer of the ‘long drain interval’ platform and has several industry firsts to its credit, helping us establish strong positions in the commercial vehicles sector (Diesel Engine Oil and 2-Wheeler Motor Oil segments). They collaborated with Top OEMs and B2B customers like Ashok Leyland, Mahindra, Swaraj Volvo Penta, MAN, Bharat Benz Whitmore, Schwing Stetter, and Bajaj. These significant partnerships have helped us adapt and pioneer many go-to-market models in the automotive industry like co-brand oils, genuine oils, and approved oils. The ‘Gulf Oil’ brand enjoys a position among the Top 3 lubricant brands with regards to brand awareness, purchase consideration, and other parameters. Their brand is known for its rich history and association with the world of sports, and we are proud to have the modern legend, Mahendra Singh Dhoni as their Brand Ambassador. Check out Gulf Oil Lubricants Buyback 2022 details below:
Gulf Oil Lubricants Buyback 2022 Time Table
| Buyback Meeting Date: | 09 February 2022 |
| Buyback Announcement Date: | 09 February 2022 |
| Buyback Record Date: | 21 February 2022 |
| Buyback Open Date: | 25 March 022 |
| Buyback Close Date: | 07 April 2022 |
| Finalization of Buyback Acceptance: | 19 April 2022 |
Gulf Oil Lubricants Buyback 2022 Offer Details
| Offer Amount: | ₹85 Crores |
| Number of Shares: | 14,16,667 Shares |
| Face Value: | ₹2 per equity share |
| Buyback Price: | ₹600 per equity share |
| Listing: | BSE & NSE |
| Buyback Type: | Tender offer |
Gulf Oil Lubricants Buyback Acceptance Ratio
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹164,502 | 109 | ₹17,596 |
| 50% | ₹164,502 | 166 | ₹17,596 |
| 75% | ₹164,502 | 249 | ₹26,394 |
| 100% | ₹164,502 | 333 | ₹35,298 |
Gulf Oil Lubricants Financial Report
| ₹ in Crores | |||||
| Year | Revenue | Expense | PAT | ||
| 2019 | ₹1,706 | ₹1,423 | ₹178 | ||
| 2020 | ₹1,644 | ₹1,357 | ₹203 | ||
| 2021 | ₹1,652 | ₹1,387 | ₹200 | ||
Gulf Oil Lubricants Buyback Eligible Share Holders
Gulf Oil Lubricants Buyback Registrar
Gulf Oil Lubricants Buyback Lead Managers
- Motilal Oswal Investment Advisors Pvt Ltd
Gulf Oil Lubricants Company Address
Gulf Oil Lubricants Buyback 2022 FAQs
When is Gulf Oil Lubricants Buyback Record Date?
When is Gulf Oil Lubricants Buyback Announcement Date?
What is Gulf Oil Lubricants Buyback Acceptance Ratio?
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How to apply for Gulf Oil Lubricants Buyback 2022?
Note: If anything you want to know about the buyback offer you can refer to the Gulf Oil Lubricants buyback offer documents.
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