HPCL Buyback vs Industrial and Prudential Investment Buyback

Comparison between HPCL Buyback and Industrial and Prudential Investment Buyback.

Buyback Details

HPCL Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Industrial and Prudential Investment Buyback is a Tender Offer proposed to list at BSE.

 Hindustan Petroleum Corporation Ltd.Industrial and Prudential Investment Company Ltd.
LogoHPCL Buyback LogoIndustrial and Prudential Investment Buyback Logo
Type of BuybackOpen Market Through Stock ExchangeTender Offer
Listing AtBSE, NSEBSE
Face Value₹10 per share₹10 per share
Buyback Price₹250 per share₹1200 per share
Issue Size69,500 shares
Issue Size (Amount)₹2,500.00 Crores₹8.34 Crores
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.
RegistrarMUFG Intime India Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Lead ManagersICICI Securities Ltd.Inga Ventures Pvt.Ltd.
Necessity of the buyback

The Buyback is undertaken by the Company:
i) Optimize returns to shareholders.
ii) To enhance overall shareholder's value.

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

HPCL 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. HPCL Buyback Buyback record date is . Industrial and Prudential Investment Buyback Buyback record date is Jan 01, 2021.

 Hindustan Petroleum Corporation Ltd.Industrial and Prudential Investment Company Ltd.
Record DateJan 01, 2021
Offer Open DateNov 17, 2020Feb 04, 2021
Offer Closure DateMay 14, 2021Feb 17, 2021
Last date for receipt of tender formsFeb 22, 2021
Finalisation of buybackFeb 26, 2021
Last Date for settlment of bidsMar 01, 2021
Last Date for extinguishment of sharesMar 08, 2021

Financial Details and Other Relevent Information

Comparison of HPCL 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.

 Hindustan Petroleum Corporation Ltd.Industrial and Prudential Investment Company Ltd.
Financial
Summary of financial Information (Consolidated)
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
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
Oct-2020 190.00 163.00 174.00
Sep-2020 205.00 171.00 192.00
Aug-2020 225.00 201.00 212.00

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
Oct-2020 190.00 163.00 174.00
Sep-2020 205.00 171.00 192.00
Aug-2020 223.00 201.00 212.00

Compare with others

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HPCL Buyback and Industrial and Prudential Investment Buyback