Engineers India Buyback vs Jullundur Motor Agency Buyback

Comparision between Engineers India Buyback and Jullundur Motor Agency Buyback.

Buyback Details

Engineers India Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Jullundur Motor Agency Buyback is a Tender Offer proposed to list at NSE.

Engineers India Limited

Jullundur Motor Agency (Delhi) Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

NSE

Face Value

₹5 per share

₹2 per share

Buyback Price

₹84 per share

₹36 per share

Issue Size

6,98,69,047 shares

74,50,000 shares

Issue Size (Amount)

₹586.90 Crores

₹26.82 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	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

Alankit Assignments Ltd

Mas Services Limited

Lead Managers

Idbi Capital Market Services Limited

Systematix Corporate Services 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) 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

Engineers India 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. Engineers India Buyback Buyback record date is Jan 01, 2021. Jullundur Motor Agency Buyback Buyback record date is Dec 24, 2020.

	Engineers India Limited	Jullundur Motor Agency (Delhi) Limited
Record Date	Jan 01, 2021	Dec 24, 2020
Offer Open Date	Jan 22, 2021	Jan 25, 2021
Offer Closure Date	Feb 05, 2021	Feb 08, 2021
Last date for receipt of tender forms	Feb 08, 2021	Feb 10, 2021
Finalisation of buyback	Feb 12, 2021	Feb 15, 2021
Last Date for settlment of bids	Feb 15, 2021	Feb 16, 2021
Last Date for extinguishment of shares	Feb 22, 2021	Feb 23, 2021

Financial Details and Other Relevent Information

Comparison of Engineers India 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.

Engineers India Limited

Jullundur Motor Agency (Delhi) 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	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	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
Nov-2020	74.95	63.80	69.76
Oct-2020	69.00	60.40	64.29
Sep-2020	72.30	63.50	66.21

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

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

Comments

Add a public comment...