Engineers India Buyback vs Freshtrop Fruits Buyback

Comparision between Engineers India Buyback and Freshtrop Fruits Buyback.

Buyback Details

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

Engineers India Limited

Freshtrop Fruits Limited

Logo

Type of Buyback

Tender Offer

Open Market Through Stock Exchange

Listing At

BSE, NSE

BSE

Face Value

₹5 per share

₹10 per share

Buyback Price

₹84 per share

₹90 per share

Issue Size

6,98,69,047 shares

Issue Size (Amount)

₹586.90 Crores

₹6.75 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

Alankit Assignments Ltd

Bigshare Services Pvt Ltd

Lead Managers

Idbi Capital Market Services Limited

Chartered Capital And Investment Limited

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 to:
i) Optimize returns to shareholders;
ii) Enhance overall shareholders value; and
iii) Optimize the capital structure.

Buyback Timetable

Engineers India Buyback and Freshtrop Fruits 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. Freshtrop Fruits Buyback Buyback record date is .

	Engineers India Limited	Freshtrop Fruits Limited
Record Date	Jan 01, 2021
Offer Open Date	Jan 22, 2021	Feb 10, 2021
Offer Closure Date	Feb 05, 2021	Aug 09, 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 Engineers India Buyback and Freshtrop Fruits 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

Freshtrop Fruits 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	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

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
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 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

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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	IIFL Securities Buyback

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