Engineers India Buyback vs Industrial and Prudential Investment Buyback

Comparision between Engineers India Buyback and Industrial and Prudential Investment Buyback.

Buyback Details

Engineers India Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Industrial and Prudential Investment Buyback is a Tender Offer proposed to list at BSE.

Engineers India Limited

Industrial and Prudential Investment Company Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

BSE

Face Value

₹5 per share

₹10 per share

Buyback Price

₹84 per share

₹1200 per share

Issue Size

6,98,69,047 shares

69,500 shares

Issue Size (Amount)

₹586.90 Crores

₹8.34 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.

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

Alankit Assignments Ltd

Link Intime India Private Ltd

Lead Managers

Idbi Capital Market Services Limited

Inga Ventures Pvt 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 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

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

	Engineers India Limited	Industrial and Prudential Investment Company Limited
Record Date	Jan 01, 2021	Jan 01, 2021
Offer Open Date	Jan 22, 2021	Feb 04, 2021
Offer Closure Date	Feb 05, 2021	Feb 17, 2021
Last date for receipt of tender forms	Feb 08, 2021	Feb 22, 2021
Finalisation of buyback	Feb 12, 2021	Feb 26, 2021
Last Date for settlment of bids	Feb 15, 2021	Mar 01, 2021
Last Date for extinguishment of shares	Feb 22, 2021	Mar 08, 2021

Financial Details and Other Relevent Information

Comparison of Engineers India 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.

Engineers India Limited

Industrial and Prudential Investment Company Limited

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	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
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
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
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

Engineers India Limited	Industrial and Prudential Investment Company Limited
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Industrial and Prudential Investment Buyback	Freshtrop Fruits Buyback
Jullundur Motor Agency Buyback	Archidply Industries Buyback
IIFL Securities Buyback	Jullundur Motor Agency Buyback
Rane Brake Buyback	Engineers India Buyback
HPCL Buyback	IIFL Securities Buyback
Sreeleathers Buyback	Rane Brake Buyback
Garware Technical Buyback	HPCL Buyback

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