Open Market Through Stock Exchange | ₹2,500.00 Crores | Listing at BSE, NSE | Tue, Nov 17, 2020 - Fri, May 14, 2021
Hindustan Petroleum Corporation Ltd. Buyback is a tender offer for the repurchase of up to equity shares at a buyback price of ₹250 per share with a face value of ₹10 per share, aggregating to ₹2,500.00 crores.
The buyback opens on Nov 17, 2020 and closes on May 14, 2021.
ICICI Securities Ltd. is the Manager to the Buyback and MUFG Intime India Pvt.Ltd. is the Registrar and ICICI Securities Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Hindustan Petroleum Corporation Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Tue, Nov 17, 2020
Offer Closing Date
Fri, May 14, 2021
Buyback Price
₹250 per share
Record Date
[.]
| Particulars | For the year/period ended (Rs. in Crores) | ||
|---|---|---|---|
| 30-Sep-20 (Un-audited) | 31-Mar-20 | 31-Mar-19 | |
| Total Revenue | 1,09,089.44 | 2,89,255.10 | 2,98,621.32 |
| Profit After Tax | 5,291.28 | 2,637.26 | 6,028.66 |
| Net-worth | 32,799.18 | 28,962.36 | 28,174.82 |
Incorporated in 1952, Hindustan Petroleum Corporation Ltd. (HPCL) is in the business of refining crude oil and marketing petroleum products. HPCL is a Maharatna Central Public Sector Enterprise (CPSE ) and ranks 55th in the S&P Platts Top 250 Global Energy Company .
HPCL has a strong presence in the Refining & Marketing of petroleum products in the country with a market share of over 18% . The company owns and operates Refineries at Mumbai (west coast) & Visakhapatnam (East coast) with designed capacities of 7.5. MMTPA (Million Metric Tonnes Per Annum) & 8.3 MMTPA, respectively. HPCL also owns the largest Lube Refinery in the country at Mumbai for producing Lube Oil Base Stock. HPCL also conducts business through 19 Joint Venture (JV) & Subsidiary companies operating across the oil & gas value chain. HPCL has the second largest share of product pipelines in India with a pipeline network length of 3,775 kilometres.
HPCL has a vast marketing network with a workforce of over 9,800 employees spread across 14 Zonal offices in major cities and 133 Regional Offices facilitated by a Supply & Distribution infrastructure comprising 43 Terminals/TOPS/ Installations, 44 Aviation Fuel Stations, 50 LPG Bottling Plants, and 68 Inland Relay/Lube Depots. The customer touchpoints constitute 16,868 Retail Outlets, 1,638 SKO/LDO dealers and 6,137 LPG Distributorships, 115 carrying and forwarding agents, 253 Lube distributorships with a customer base of over 8.4 Crore domestic LPG consumers.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Oct-2020 | 190.00 | 163.00 | 174.00 |
| Sep-2020 | 205.00 | 171.00 | 192.00 |
| Aug-2020 | 225.00 | 201.00 | 212.00 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Oct-2020 | 190.00 | 163.00 | 174.00 |
| Sep-2020 | 205.00 | 171.00 | 192.00 |
| Aug-2020 | 223.00 | 201.00 | 212.00 |
The Buyback is undertaken by the Company:
i) Optimize returns to shareholders.
ii) To enhance overall shareholder's value.
Hindustan Petroleum Corporation Ltd.
Petroleum House 17,
Jamshedji Tata Road
Churchgate, Mumbai,400 020
Mumbai, Maharashtra, 400020
The HPCL Buyback opens on November 17, 2020, and closes on May 14, 2021.
The HPCL Buyback is a Open Market Through Stock Exchange.
HPCL Buyback Schedule
| Buyback Opening Date | November 17, 2020 |
| Buyback Closing Date | May 14, 2021 |
| Last date for acceptance of shares | Upon relevant pay-out by the Stock exchange |
The HPCL Buyback is being offered at Rs ₹250 per share.
There is no ratio applicable in case of open market offer through stock exchange mechanism.
The HPCL Buyback has announced a buyback for an aggregate amount of not more than Rs. ₹2,500.00 Crores with pricing of Rs. ₹250 per share.
The Buyback is undertaken by the Company:
i) Optimize returns to shareholders.
ii) To enhance overall shareholder's value.
Any equity shareholder holding the shares in Demat form can participate in the buyback offer through their stockbroker. The physical shareholder can participate only once the shares get converted into a Dematerialized form.
The shareholder needs to inform their broker on the details of the Equity shares they wish to sell. The broker will place a sell order whenever the company places a buy order for the buyback. The trade would get executed at the offer price or lesser only when the price offered by the shareholder matches with the buy order placed by the company.
The HPCL 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.
