IIFL Securities Buyback vs Industrial and Prudential Investment Buyback

Comparision between IIFL Securities Buyback and Industrial and Prudential Investment Buyback.

Buyback Details

IIFL Securities 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.

IIFL Securities Limited

Industrial and Prudential Investment Company Limited

Logo

Type of Buyback

Open Market Through Stock Exchange

Tender Offer

Listing At

BSE, NSE

BSE

Face Value

₹2 per share

₹10 per share

Buyback Price

₹54 per share

₹1200 per share

Issue Size

69,500 shares

Issue Size (Amount)

₹90.00 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

Lead Managers

Keynote Financial Services Ltd

Inga Ventures Pvt Ltd

Necessity of the buyback

The Buyback is undertaken by the Company:
i) To help effectively utilize its available surplus cash.
ii) To enhance overall long term 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

IIFL Securities 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. IIFL Securities Buyback Buyback record date is . Industrial and Prudential Investment Buyback Buyback record date is Jan 01, 2021.

	IIFL Securities Limited	Industrial and Prudential Investment Company Limited
Record Date		Jan 01, 2021
Offer Open Date	Dec 30, 2020	Feb 04, 2021
Offer Closure Date	Jun 29, 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 IIFL Securities 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.

IIFL Securities Limited

Industrial and Prudential Investment Company Limited

Financial

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (Rs. in Crores)
	31-Mar-20	31-Mar-19	31-Mar-18
Total Revenue	789.94	875.57	947.19
Profit After Tax	233.94	171.43	180.57

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	47.00	37.00	42.00
Oct-2020	44.00	36.00	39.00
Sep-2020	46.00	36.00	39.00

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
Nov-2020	47.00	39.00	42.00
Oct-2020	44.00	37.00	39.00
Sep-2020	46.00	36.00	39.00

Compare with others

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

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