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Engineers India Buyback vs Industrial and Prudential Investment Buyback

Comparision between Engineers India Buyback and Industrial and Prudential Investment Buyback.

Buyback Details

Engineers India Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Industrial and Prudential Investment Buyback is a Tender Offer proposed to list at BSE.

  Engineers India Limited Industrial and Prudential Investment Company Limited
Logo Engineers India Buyback Logo Industrial and Prudential Investment Buyback Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE
Face Value ₹5 per share ₹10 per share
Buyback Price ₹84 per share ₹1200 per share
Issue Size 6,98,69,047 shares 69,500 shares
Issue Size (Amount) ₹586.90 Crores ₹8.34 Crores
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.
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.
Registrar Alankit Assignments Ltd Link Intime India Private Ltd
Lead Managers Idbi Capital Market Services Limited Inga Ventures Pvt Ltd
Necessity of the buyback

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.

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.

Buyback Timetable

Engineers India Buyback and Industrial and Prudential Investment Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Engineers India Buyback Buyback record date is Jan 01, 2021. Industrial and Prudential Investment Buyback Buyback record date is Jan 01, 2021.

  Engineers India Limited Industrial and Prudential Investment Company Limited
Record Date Jan 01, 2021 Jan 01, 2021
Offer Open Date Jan 22, 2021 Feb 04, 2021
Offer Closure Date Feb 05, 2021 Feb 17, 2021
Last date for receipt of tender forms Feb 08, 2021 Feb 22, 2021
Finalisation of buyback Feb 12, 2021 Feb 26, 2021
Last Date for settlment of bids Feb 15, 2021 Mar 01, 2021
Last Date for extinguishment of shares Feb 22, 2021 Mar 08, 2021

Financial Details and Other Relevent Information

Comparison of Engineers India Buyback and Industrial and Prudential Investment Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Engineers India Limited Industrial and Prudential Investment Company Limited
Financial
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
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 price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2020 74.95 63.90 69.75
Oct-2020 69.00 60.50 64.30
Sep-2020 72.25 63.45 66.25

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2020 1042.00 813.20 963.79
Oct-2020 900.00 811.00 844.77
Sep-2020 911.00 802.35 876.29
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2020 74.95 63.80 69.76
Oct-2020 69.00 60.40 64.29
Sep-2020 72.30 63.50 66.21

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