Atul Buyback vs Engineers India Buyback

Comparision between Atul Buyback and Engineers India Buyback.

Buyback Details

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

Atul Limited

Engineers India Limited

Logo

Type of Buyback

Open Market Through Stock Exchange

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

₹5 per share

Buyback Price

₹7250 per share

₹84 per share

Issue Size

6,98,69,047 shares

Issue Size (Amount)

₹50.00 Crores

₹586.90 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.

Registrar

Link Intime India Private Ltd

Alankit Assignments Ltd

Lead Managers

Vivro Financial Services Private Limited

Idbi Capital Market Services Limited

Necessity of the buyback

The Buy-back is undertaken by the Company:
i) To return surplus funds to the equity shareholders.
ii) To improve earnings per share by reducing the equity base and lead to a long-term increase in the value of shareholders.

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.

Buyback Timetable

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

	Atul Limited	Engineers India Limited
Record Date		Jan 01, 2021
Offer Open Date	Feb 10, 2021	Jan 22, 2021
Offer Closure Date	Aug 09, 2021	Feb 05, 2021
Last date for receipt of tender forms		Feb 08, 2021
Finalisation of buyback		Feb 12, 2021
Last Date for settlment of bids		Feb 15, 2021
Last Date for extinguishment of shares		Feb 22, 2021

Financial Details and Other Relevent Information

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

Atul Limited

Engineers India Limited

Financial

Summary of financial Information (standalone)
Particulars	For the year/period ended (Rs. in Crores)
	31-Mar-20	31-Mar-19	31-Mar-19
Total Income	3,983.27	3,947.17	3,186.02
Profit After Tax	640.17	428.64	270.41
Net Worth	3,070.38	2,649.56	2,197.54

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

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jan-2021	6791.90	6219.80	6517.29
Dec-2020	6700.00	5951.10	6222.52
Nov-2020	6660.00	5868.00	6269.60

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 NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jan-2021	6800.00	6222.00	6516.51
Dec-2020	6700.00	5951.00	6223.06
Nov-2020	6600.00	5860.00	6270.86

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

Compare with others

Atul Limited	Engineers India Limited
Gail India Buyback	Atul Buyback
NALCO Buyback	Freshtrop Fruits Buyback
Neelamalai Agro Buyback	Archidply Industries Buyback
VRL Logistics Buyback	Industrial and Prudential Investment Buyback
Anup Engineering Buyback	Jullundur Motor Agency Buyback
Freshtrop Fruits Buyback	IIFL Securities Buyback
Archidply Industries Buyback	Rane Brake Buyback
Industrial and Prudential Investment Buyback	HPCL Buyback
Jullundur Motor Agency Buyback	Sreeleathers Buyback
Engineers India Buyback	Garware Technical Buyback

Comments

Add a public comment...