Industrial and Prudential Investment Company Limited Buyback (Industrial and Prudential Investment Buyback) Detail

Feb 4, 2021 - Feb 17, 2021

Incorporated in 1913, Industrial and Prudential Investment Company Limited (IPICL) is an NBFC registered with the Reserve Bank of India and engaged in investment and trading of securities and mutual fund units, headquartered in Kolkata.

IPICL is a zero-debt company with an excellent equity investment portfolio. The portfolio is managed conservatively without large scale churning. The portfolio consists of a 20% holding in KSB Pumps and in companies like Infosys, Siemens, TCS, Karur Vysya Bank, and others.

The Company is managed by Swarup Family, who along with other promoter and promoter group companies holds 65.89% of the equity share capital of the Company. The Company operates out of the leased premises owned by the promoter group company and has required infrastructure including information technology hardware and software to run its Investment Business.

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Industrial and Prudential Investment Buyback Detail

Issue PeriodFeb 4, 2021 - Feb 17, 2021
Security NameIndustrial and Prudential Investment Company Limited
Issue TypeTender Offer
Issue Size (Shares)0.01 Crores
Issue Size (Amount)₹8.34 Crores
Buyback Price₹1200 per share
Face Value₹10 per share
Listing AtBSE

Industrial and Prudential Investment Buyback Issue Timetable

Offer Opens OnFeb 4, 2021
Offer Closes OnFeb 17, 2021
Record DateJan 1, 2021
Last Date for receipt of Tender FormsFeb 22, 2021
Finalisation of Buyback AcceptanceFeb 26, 2021
Last Date for settlment of bidsMar 1, 2021
Last Date for Extinguishment of SharesMar 8, 2021

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 13 Equity Shares out of every 86 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 3 Equity Shares out of every 85 Equity Shares held on the Record Date.

Company Financials

Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 121.62 97.70 92.05
Profit After Tax 86.78 86.25 82.38
Net Worth 522.95 463.29 384.75

Stock Market Data (for preceding 3 months)

BSE

Month High Price Low Price Average Price
Nov-2020 1042 813.2 963.79
Oct-2020 900 811 844.77
Sep-2020 911 802.35 876.29

NSE

Month High Price Low Price Average Price
Month High Price Low Price Average Price
Nov-2020
Oct-2020
Sep-2020

Necessity of the Issue

The Buyback is undertaken by the Company after taking into account it's strategic and operational
cash needs to:
i) Return surplus funds to the equity shareholders.
ii) Service the Equity more efficiently.

Industrial and Prudential Investment Buyback Documents

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Company Contact Information

Industrial and Prudential Investment Company Limited
Paharpur House 8/1/B,
Diamond Harbour Road,Kolkata 700027


Phone: 033 40133000
Email: contact@industrialprudential.com
Website: https://www.industrialprudential.com/

Industrial and Prudential Investment Buyback Registrar

  1. Link Intime India Private Ltd
       Link Intime India Private Ltd
       C 101, 247 Park, L.B.S.Marg,
       Vikhroli (West), Mumbai - 400083

    Phone: +91-22-4918 6270
    Email: ipicl.buyback@linkintime.co.in
    Website: http://www.linkintime.co.in

Industrial and Prudential Investment Buyback Manager

Lead Manager(s)

  1. Inga Ventures Pvt Ltd

Registered Broker

  1. ITI Securities Broking Limited
    Email: kvashist@itiorg.com

Industrial and Prudential Investment Buyback FAQs

  1. When is Industrial and Prudential Investment Buyback offer coming?

    The Industrial and Prudential Investment Buyback opens on Feb 4, 2021, and closes on Feb 17, 2021.

  2. Which type of buyback is Industrial and Prudential Investment Buyback offer?

    The Industrial and Prudential Investment Buyback is a Tender Offer.

  3. What is the schedule of activities for Industrial and Prudential Investment Buyback?

    Industrial and Prudential Investment Buyback Schedule

    Buyback Opening DateFeb 4, 2021
    Buyback Closing DateFeb 17, 2021
    Last Date for receipt of Tender FormsFeb 22, 2021
    Finalisation of Buyback AcceptanceFeb 26, 2021
    Last Date for settlment of bidsMar 1, 2021
    Last Date for Extinguishment of SharesMar 8, 2021
  4. What is the offer price for Industrial and Prudential Investment Buyback offer?

    The Industrial and Prudential Investment Buyback is being offered at Rs ₹1200 per share per equity share.

  5. In what ratio is the Industrial and Prudential Investment Buyback offered?

    Category Entitlement Ratio of Buyback
    Reserved Category for Small Shareholders 13 Equity Shares out of every 86 Equity Shares held on the Record Date.
    General Category for all other Eligible Shareholders 3 Equity Shares out of every 85 Equity Shares held on the Record Date.
  6. What is the record date for Industrial and Prudential Investment Buyback offer?

    The record date for the Industrial and Prudential Investment Buyback is Jan 1, 2021.

  7. What is the issue size of Industrial and Prudential Investment Buyback?

    The issue size of Industrial and Prudential Investment Buyback is of 0.01 Crores equity shares at ₹1200 per share aggregating upto ₹8.34 Crores.

  8. What is the necessity for Industrial and Prudential Investment Buyback?

    The Buyback is undertaken by the Company after taking into account it's strategic and operational
    cash needs to:
    i) Return surplus funds to the equity shareholders.
    ii) Service the Equity more efficiently.


2 Comments

traderyn
2. traderyn  Feb 4, 2021 20:06 I Like It. | Report Abuse Reply 0
@admin sir please provide share price too.
Team Chittorgarh.com
2.1. Team Chittorgarh.com  Feb 4, 2021 20:08 I Like It. | Report Abuse 0
Dear Sir,
Sure. We will add this feature soon.
RajBreaks
1. RajBreaks  Feb 4, 2021 10:51 I Like It. | Report Abuse Reply 0
Dear Admin,

A Request To You....

Kindly Add 1 Column As The 4th Column For Buy Back Section Where Kindly Mention The Share Price As Per Your Posting Date.

Thanks


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