Industrial and Prudential Investment Buyback vs Jullundur Motor Agency Buyback

Comparision between Industrial and Prudential Investment Buyback and Jullundur Motor Agency Buyback.

Buyback Details

Industrial and Prudential Investment Buyback is a Tender Offer buyback proposed to list at BSE while Jullundur Motor Agency Buyback is a Tender Offer proposed to list at NSE.

Industrial and Prudential Investment Company Limited

Jullundur Motor Agency (Delhi) Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE

NSE

Face Value

₹10 per share

₹2 per share

Buyback Price

₹1200 per share

₹36 per share

Issue Size

69,500 shares

74,50,000 shares

Issue Size (Amount)

₹8.34 Crores

₹26.82 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.

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	38 Equity Shares out of every 93 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	386 Equity Shares out of every 945 Equity Shares held on the Record Date.

Registrar

Link Intime India Private Ltd

Mas Services Limited

Lead Managers

Inga Ventures Pvt Ltd

Systematix Corporate Services Limited

Necessity of the buyback

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.

The Buyback is undertaken by the Company to:
i) Return surplus cash to its equity shareholders that are
over and above its ordinary capital requirements and in excess of any current investment plans.
ii) Improve financial ratios like earnings per share (EPS) and return on equity (ROE) by reducing the equity base of the Company

Buyback Timetable

Industrial and Prudential Investment Buyback and Jullundur Motor Agency Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Industrial and Prudential Investment Buyback Buyback record date is Jan 01, 2021. Jullundur Motor Agency Buyback Buyback record date is Dec 24, 2020.

	Industrial and Prudential Investment Company Limited	Jullundur Motor Agency (Delhi) Limited
Record Date	Jan 01, 2021	Dec 24, 2020
Offer Open Date	Feb 04, 2021	Jan 25, 2021
Offer Closure Date	Feb 17, 2021	Feb 08, 2021
Last date for receipt of tender forms	Feb 22, 2021	Feb 10, 2021
Finalisation of buyback	Feb 26, 2021	Feb 15, 2021
Last Date for settlment of bids	Mar 01, 2021	Feb 16, 2021
Last Date for extinguishment of shares	Mar 08, 2021	Feb 23, 2021

Financial Details and Other Relevent Information

Comparison of Industrial and Prudential Investment Buyback and Jullundur Motor Agency Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Industrial and Prudential Investment Company Limited

Jullundur Motor Agency (Delhi) Limited

Financial

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

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	3,095.67	3,322.27	3,260.04
Profit After Tax	127.04	134.41	119.90
Net Worth	1,576.10	1,455.59	1,380.40

Stock price at BSE

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	33.25	25.70	29.65
Oct-2020	30.50	24.20	27.14
Sep-2020	32.80	24.40	27.79

Compare with others

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

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