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Jan 22, 2021 - Feb 5, 2021

Engineers India Limited Buyback (Engineers India Buyback) Detail

Incorporated in 1965, Engineers India Limited (EIL) is a Government of India undertaking. EIL is a Navratna Company. A Navratna Company is a public sector undertaking that gives a company greater financial and operational autonomy to compete in their drive to become a global giant in the global market. 

EIL is a Total Solutions engineering consultancy company providing design, engineering, procurement, construction (EPC), and integrated project management services, principally focused on the oil and gas, petrochemicals, fertilizer, and LNG industry segments in India and internationally. The other business operations of the organization include non-ferrous mining and metallurgy, wastewater, and infrastructure. EIL is also a primary provider of engineering consultancy services for the GoI's energy security initiative under its Integrated Energy Policy for strategic crude storages.

EIL is a technology-driven company that believes investing in technology is imperative for maintaining its leadership position. EIL's technological excellence is driven by 2409 engineers & professionals in a competent employee base of 2806 employees as of March 31, 2020. With over 55+ years of experience, EIL has an impressive record of executing over 5000 assignments consisting of 400 major projects valued at over US$200 Billion.

EIL has its corporate office in New Delhi and head office in Gurugram with a branch office in Mumbai and three regional engineering offices in Kolkata, Chennai & Vadodara. The company also a global presence with its overseas offices in Abu Dhabi, London, Milan, and Shanghai.

Engineers India Buyback Detail

Issue PeriodJan 22, 2021 - Feb 5, 2021
Security NameEngineers India Limited
Issue TypeTender Offer
Issue Size (Shares)6.99 Crores
Issue Size (Amount)₹586.90 Crores
Buyback Price₹84 per share
Face Value₹5 per share
Listing AtBSE, NSE

Engineers India Buyback Issue Timetable

Offer Opens OnJan 22, 2021
Offer Closes OnFeb 5, 2021
Record DateJan 1, 2021
Last Date for receipt of Tender FormsFeb 8, 2021
Finalisation of Buyback AcceptanceFeb 12, 2021
Last Date for settlment of bidsFeb 15, 2021
Last Date for Extinguishment of SharesFeb 22, 2021

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 119 Equity Shares out of every 828 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 80 Equity Shares out of every 753 fully paid-up Equity Shares held on the Record Date.

Company Financials

Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Crores)
31-Mar-20 31-Mar-19 31-Mar-18
Total Revenue 3,461.09 2,669.42 1,967.05
Profit After Tax 430.24 370.07 377.87
Net Worth 2,345.46 2,275.85 2,267.87

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2020 74.95 63.9 69.75
Oct-2020 69 60.5 64.3
Sep-2020 72.25 63.45 66.25

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2020 74.95 63.8 69.76
Oct-2020 69 60.4 64.29
Sep-2020 72.3 63.5 66.21

Necessity of the Issue

The Buyback offered is undertaken by the Company:
i) To return surplus cash to its members.
ii) To help improve return on equity and thus increase shareholder's value.
iii) To optimize the capital structure.

Engineers India Buyback Documents

Engineers India Buyback Rating

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Company Contact Information

Engineers India Limited
Engineers India House,
Bhikaji Cama Place,
New Delhi - 110066

Phone: 011-26762121
Email: company.secretary@eil.co.in
Website: https://engineersindia.com/

Engineers India Buyback Registrar

  1. Alankit Assignments Ltd
       Alankit House 2E/21,
       Jhandewalan Extension,
       New Delhi - 110055

    Phone: (011) 4254 1234
    Email: eilbuyback@alankit.com
    Website: https://www.alankit.com/

Engineers India Buyback Manager

Lead Manager(s)

  1. IDBI Capital Market Services Limited

Registered Broker

  1. IDBI Capital Markets & Securities Limited
    Email: charushila.parkar@idbicapital.com

Find Engineers India Buyback Latest Update

Engineers India Buyback FAQs

The Engineers India Buyback opens on Jan 22, 2021, and closes on Feb 5, 2021.

The Engineers India Buyback is a Tender Offer.

Engineers India Buyback Schedule

Buyback Opening DateJan 22, 2021
Buyback Closing DateFeb 5, 2021
Last Date for receipt of Tender FormsFeb 8, 2021
Finalisation of Buyback AcceptanceFeb 12, 2021
Last Date for settlment of bidsFeb 15, 2021
Last Date for Extinguishment of SharesFeb 22, 2021

The Engineers India Buyback is being offered at Rs ₹84 per share per equity share.

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 119 Equity Shares out of every 828 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 80 Equity Shares out of every 753 fully paid-up Equity Shares held on the Record Date.

The record date for the Engineers India Buyback is Jan 1, 2021.

The issue size of Engineers India Buyback is of 6.99 Crores equity shares at ₹84 per share aggregating upto ₹586.90 Crores.

The Buyback offered is undertaken by the Company:
i) To return surplus cash to its members.
ii) To help improve return on equity and thus increase shareholder's value.
iii) To optimize the capital structure.

All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.

The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.

The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.

The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.

The Engineers India Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.


21 Comments

21. KAMMA SIVA RAMA KRISHNA  Feb 16, 2021 11:36 I Like It. | Report Abuse Reply
Please intimate whether any one having trading account in ICICI DIRECT got the credit of buyback amount of EIL? If so, details may please be furnished.
21.2. KAMMA SIVA RAMA KRISHNA  Feb 17, 2021 05:58 I Like It. | Report Abuse
Sarita ji, thank you very much for your kind response. Unfortunately, no communication so far from ICICI DIRECT regarding the 2400 shares. They are still found in my trading account. In the order book of buyback, it is clearly mentioned as submitted on 22/01 for buyback. It’s my bad luck. I have mailed to the customer care of the ICICI DIRECT. I will wait for 48 hours and then think of further course of action. What do you suggest?
21.3. Kartik Paul  Mar 10, 2021 13:07 I Like It. | Report Abuse
Hey I have also applied for buyback from my ICICI direct account but it still has been sent any notification or update on the amount. The shares are also not reflecting.
20. Rafid  Feb 17, 2021 18:16 I Like It. | Report Abuse Reply
Gail Buyback will Open from Feb 25 to Mar 10
20.1. amit K singh  Feb 17, 2021 21:40 I Like It. | Report Abuse
Correct, settlement date 19 Mar
19. amit K singh  Feb 17, 2021 20:35 I Like It. 1 | Report Abuse Reply
Nalco buyback, open 25 Feb to 10 Mar, settlement date 17 Mar.
18. Rafid  Feb 16, 2021 09:27 I Like It. | Report Abuse Reply
My money is still not credited in account

I am using sbi smart and my account is in sbi

Will the amount be credited to my trading account or will be credited to my normal saving account

I am seeing message many have got the amount credited in their account
17. Think bigger become a bigger  Feb 15, 2021 18:39 I Like It. | Report Abuse Reply
Icici direct not updated status of buy back even not get any mail from NSDL as well . Any one know about problem of icici direct ?
17.1. KAMMA SIVA RAMA KRISHNA  Feb 16, 2021 09:20 I Like It. | Report Abuse
Sir, what is the position update?
16. KAMMA SIVA RAMA KRISHNA  Feb 13, 2021 18:27 I Like It. 1 | Report Abuse Reply
Aniket ji, there are 2400 shares in one account ( Mine) and 2380 shares in another account ( My wife’s) as on record date. Whether my holdings will be considered under retail investors category or not? Please clarify.
16.5. Rajeev Kk  Feb 13, 2021 21:37 I Like It. | Report Abuse
2400*84 crosses 2 lakhs. Hence this would not be considered under retail. Experts can confirm.
16.6. KAMMA SIVA RAMA KRISHNA  Feb 15, 2021 20:07 I Like It. | Report Abuse
Out of 2380 shares tendered, 1520 shares are accepted for buyback and amount got credited in SBI. Regarding 2400 shares tendered, no information in r/o ICICI DIRECT so far.
15. Ankitkumarv  Feb 15, 2021 18:09 I Like It. | Report Abuse Reply
When buyback money will be credited ? It was my first tender to buyback so no idea regarding the process. And where to track that how many of our share are accepted ? Please share some information about this.
15.1. KAMMA SIVA RAMA KRISHNA  Feb 15, 2021 19:59 I Like It. | Report Abuse
Aniketkumar ji, in case of SBI SMART, I have received the credit. Where is your trading account? Positively, by tomorrow you will get the credit. Don’t worry.
14. KAMMA SIVA RAMA KRISHNA  Feb 13, 2021 17:35 I Like It. 1 | Report Abuse Reply
Aniket ji, I haven’t received any communication regarding acceptance. We are having trading accounts in ICICI DIRECT and SBI SMART. I have checked my mailbox even in trash and spasm. Will you please clarify?
14.1. Think bigger become a bigger  Feb 15, 2021 18:37 I Like It. | Report Abuse
Same problem in icici direct , no email no update from NSDL or icici direct for any acceptance or refund .
13. Rafid  Feb 15, 2021 10:56 I Like It. | Report Abuse Reply
I had tendered 2300 shares and 1469 got accepted.

Today I got message that only 173 shares is credited.

I am confused as I was suppose to get 831 shares credited to my account.

Kindly advise what should I do and if the balance shares will be automatically credited to my account.
12. SARITA S  Feb 13, 2021 13:26 I Like It. | Report Abuse Reply
Dear Admin sir,
Please open Buyback page for Nalco & & NIIT
11. HARI IPO  Feb 6, 2021 08:56 I Like It. | Report Abuse Reply
What is acceptable ratio of engineer india and how many shares out of 2000 will be accepted?
11.3. Aniketiaf  Feb 12, 2021 19:48 I Like It. 3 | Report Abuse
EIL Accepted 447 against 700 shares comes to 64%

Money and unaccepted shares will be credited by 16th February.

Thanks.
11.4. SARITA S  Feb 13, 2021 13:22 I Like It. 2 | Report Abuse
Dear Rafid,
On 11th Feb, i predicted it based on data analysis by me.
However, on 12th EIL declared 64% AR.
Thanks
10. vikasdds  Feb 13, 2021 11:01 I Like It. | Report Abuse Reply
sir 1198 shares per 372 shares acceptance kara hi
9. Rajeev Kk  Feb 13, 2021 06:34 I Like It. | Report Abuse Reply
Received contract note from zerodha for buy back. 562 of 880 shares rendered is accepted. Acceptance ratio comes to 63.86
8. Aniketiaf  Feb 12, 2021 20:33 I Like It. 3 | Report Abuse Reply
EIL Accepted 447 against 700 tendered shares which comes around 64% AR.
Money as well as unaccepted shares will be credited by Tuesday.

Thanks.

8.1. vikasdds  Feb 12, 2021 21:39 I Like It. | Report Abuse
sir kaha cheke kar sakta hi
7. vikasdds  Feb 12, 2021 14:33 I Like It. | Report Abuse Reply
acceptable ratio KAHA CHAQUE KAR SAKTA HAI
6. vikasdds  Feb 5, 2021 18:05 I Like It. | Report Abuse Reply
buyback amount per tds kathata hi kaya
6.1. SARITA S  Feb 5, 2021 19:20 I Like It. 1 | Report Abuse
NO TDS DEDUCTED
5. Amit Thakur  Jan 31, 2021 19:00 I Like It. 1 | Report Abuse Reply
What is the expected acceptance ratio?
5.1. ganesh jaiswal  Feb 5, 2021 18:28 I Like It. 1 | Report Abuse
Till today 15.30 hrs, total 11.54 Crore share tendered in buyback. Chances of more than 50% acceptance ratio.
4. SARITA S  Feb 5, 2021 17:58 I Like It. 1 | Report Abuse Reply
What is the expected acceptance ratio?
3. ganesh jaiswal  Feb 5, 2021 10:21 I Like It. | Report Abuse Reply
out of the total shareholding of retail category, at present around 40% shares have been tendered. hopefully acceptance ratio will be in the range of 40% plus.
2. Rishi D  Feb 4, 2021 20:38 I Like It. | Report Abuse Reply
What happens to the CMP of 74-75 immediately after buyback? Is it expected to go up or down?