► Upstox (₹20/trade)

Gulf Oil Lubricants Buyback 2022 Record Date, Price, Eligibility, How to Apply & Acceptance Ratio

Table of Contents

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

    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 of 14,16,667 equity shares that are around 85% of all the existing number of equity shares at a price of ₹600 per equity share. The buyback offers not to exceed ₹85 crores of the total buyback offer size.

    Gulf Oil Lubricants Buyback Acceptance Ratio

    The investor should buy around 333 shares at a current market price of ₹494. The calculation will be Rs.2,00,000 / 600 buyback price = 333 shares.
    Acceptance RatioInvestmentShares BuybackProfit
    33%₹164,50210917,596
    50%₹164,50216617,596
    75%₹164,50224926,394
    100%₹164,50233335,298

    Gulf Oil Lubricants Financial Report

      ₹ in Crores
    YearRevenueExpensePAT
    2019₹1,706₹1,423178
    2020₹1,644₹1,357203
    2021₹1,652₹1,387200

    Gulf Oil Lubricants Buyback Eligible Share Holders

    The investors are eligible for the buyback scheme who have Gulf Oil Lubricants shares in their Demat account as the record date is 21 February 2022. Investors can participate in the Gulf Oil Lubricants Buyback 2022 scheme as per the opening form by selling their shares. The payment will be given as per the accepted shares by the company under the Gulf Oil Lubricants buyback scheme.
    Checkout Current Gulf Oil Lubricants Shares market price on NSE and BSE: Gulf Oil Lubricants Share Price Today
     

    Gulf Oil Lubricants Buyback Registrar

    KFintech Private Limited
    KFintech, Tower-B, Plot No 31 & 32,
    Financial District, Nanakramguda, Gachibowli,
    Hyderabad, Telangana India – 500 032.
    Phone: 04067162222, 04079611000
    Website: https://karisma.kfintech.com/

     

    Gulf Oil Lubricants Buyback Lead Managers

    • Motilal Oswal Investment Advisors Pvt Ltd

    Gulf Oil Lubricants Company Address

    Gulf Oil Lubricants India Ltd
    IN Centre, 49/50, 12th Road,
    M.I.D.C Andheri (East) Mumbai, 400093
    Phone: (+91) 22 6648 7777
    Website: http://www.gulfoilindia.com/

    Gulf Oil Lubricants Buyback 2022 FAQs

    When is Gulf Oil Lubricants Buyback Record Date?

    Gulf Oil Lubricants buyback 2022 record date is 21 February 2022.

    When is Gulf Oil Lubricants Buyback Announcement Date?

    Gulf Oil Lubricants buyback 2022 announcement date is 09 February 2022.

    What is Gulf Oil Lubricants Buyback Acceptance Ratio?

    Gulf Oil Lubricants buyback Acceptance ratio will be around 27:374 for Small ShareHolders & 9:355 for General Category Eligible ShareHolders.

    What is Gulf Oil Lubricants Buyback Price?

    The company has fixed the price at ₹600 per share.

    How to apply for Gulf Oil Lubricants Buyback 2022?

    As per the record date you need to have Gulf Oil Lubricants shares in your Demat account. You can participate in buyback after having the stock in your account.

    Note: If anything you want to know about the buyback offer you can refer to the Gulf Oil Lubricants buyback offer documents.

    Follow IPO Watch for the latest IPO news and their reviews, also keep following us on TwitterFacebook, and Instagram. For our latest videos, subscribe to our YouTube channel.

    Share the Post:
    Facebook
    Twitter
    LinkedIn

    Leave a Reply

    Your email address will not be published. Required fields are marked *