Engineers India Buyback vs Freshtrop Fruits Buyback

Comparison between Engineers India Buyback and Freshtrop Fruits Buyback.

Buyback Details

Engineers India Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Freshtrop Fruits Buyback is a Open Market Through Stock Exchange proposed to list at BSE.

 Engineers India Ltd.Freshtrop Fruits Ltd.
LogoEngineers India Buyback LogoFreshtrop Fruits Buyback Logo
Type of BuybackTender OfferOpen Market Through Stock Exchange
Listing AtBSE, NSEBSE
Face Value₹5 per share₹10 per share
Buyback Price₹84 per share₹90 per share
Issue Size6,98,69,047 shares
Issue Size (Amount)₹586.90 Crores₹6.75 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.
RegistrarAlankit Assignments Ltd.Bigshare Services Pvt.Ltd.
Lead ManagersIDBI Capital Markets & Securities Ltd.Chartered Capital & Investment 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 to:
i) Optimize returns to shareholders;
ii) Enhance overall shareholders value; and
iii) Optimize the capital structure.

Buyback Timetable

Engineers India Buyback and Freshtrop Fruits 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. Freshtrop Fruits Buyback Buyback record date is .

 Engineers India Ltd.Freshtrop Fruits Ltd.
Record DateJan 01, 2021
Offer Open DateJan 22, 2021Feb 10, 2021
Offer Closure DateFeb 05, 2021Aug 09, 2021
Last date for receipt of tender formsFeb 08, 2021
Finalisation of buybackFeb 12, 2021
Last Date for settlment of bidsFeb 15, 2021
Last Date for extinguishment of sharesFeb 22, 2021

Financial Details and Other Relevent Information

Comparison of Engineers India Buyback and Freshtrop Fruits 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 Ltd.Freshtrop Fruits Ltd.
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 1,669.80 1,760.50 1,779.59
Profit After Tax 46.19 137.44 83.04
Net Worth 693.54 764.30 626.64
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
Dec-2020 75.00 62.10 67.31
Nov-2020 69.75 50.55 60.70
Oct-2020 62.90 55.00 57.90
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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