Freshtrop Fruits Buyback vs Industrial and Prudential Investment Buyback

Comparison between Freshtrop Fruits Buyback and Industrial and Prudential Investment Buyback.

Buyback Details

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

 Freshtrop Fruits Ltd.Industrial and Prudential Investment Company Ltd.
LogoFreshtrop Fruits Buyback LogoIndustrial and Prudential Investment Buyback Logo
Type of BuybackOpen Market Through Stock ExchangeTender Offer
Listing AtBSEBSE
Face Value₹10 per share₹10 per share
Buyback Price₹90 per share₹1200 per share
Issue Size69,500 shares
Issue Size (Amount)₹6.75 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.
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Lead ManagersChartered Capital & Investment Ltd.Inga Ventures Pvt.Ltd.
Necessity of the buyback

The Buyback is undertaken by the Company to:
i) Optimize returns to shareholders;
ii) Enhance overall shareholders value; and
iii) 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

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

 Freshtrop Fruits Ltd.Industrial and Prudential Investment Company Ltd.
Record DateJan 01, 2021
Offer Open DateFeb 10, 2021Feb 04, 2021
Offer Closure DateAug 09, 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 Freshtrop Fruits 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.

 Freshtrop Fruits Ltd.Industrial and Prudential Investment Company Ltd.
Financial
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
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
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 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

Compare with others

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Freshtrop Fruits Buyback and Industrial and Prudential Investment Buyback