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HPCL Buyback vs Industrial and Prudential Investment Buyback

Comparision 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 Limited Industrial and Prudential Investment Company Limited
Logo HPCL Buyback Logo Industrial and Prudential Investment Buyback Logo
Type of Buyback Open Market Through Stock Exchange Tender Offer
Listing At BSE, NSE BSE
Face Value ₹10 per share ₹10 per share
Buyback Price ₹250 per share ₹1200 per share
Issue Size 69,500 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.
Registrar Link Intime India Private Ltd Link Intime India Private Ltd
Lead Managers ICICI Securities Limited 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 Limited Industrial and Prudential Investment Company Limited
Record Date Jan 01, 2021
Offer Open Date Nov 17, 2020 Feb 04, 2021
Offer Closure Date May 14, 2021 Feb 17, 2021
Last date for receipt of tender forms Feb 22, 2021
Finalisation of buyback Feb 26, 2021
Last Date for settlment of bids Mar 01, 2021
Last Date for extinguishment of shares Mar 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 Limited Industrial and Prudential Investment Company Limited
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

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