Industrial and Prudential Investment Buyback vs Rane Brake Buyback

Comparision between Industrial and Prudential Investment Buyback and Rane Brake Buyback.

Buyback Details

Industrial and Prudential Investment Buyback is a Tender Offer buyback proposed to list at BSE while Rane Brake Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

Industrial and Prudential Investment Company Limited

Rane Brake Lining Limited

Logo

Type of Buyback

Tender Offer

Open Market Through Stock Exchange

Listing At

BSE

BSE, NSE

Face Value

₹10 per share

Buyback Price

₹1200 per share

₹825 per share

Issue Size

69,500 shares

Issue Size (Amount)

₹8.34 Crores

₹22.00 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

Integrated Registry Management Services Private Limited

Lead Managers

Inga Ventures Pvt Ltd

Ambit Private 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) Reduce outstanding number of shares and consequently increase EPS assuming same profits are earned.
(ii) Effectively utilize available cash.
(iii) Improve key ratios like Return on Equity Capital.

Buyback Timetable

Industrial and Prudential Investment Buyback and Rane Brake 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. Rane Brake Buyback Buyback record date is .

	Industrial and Prudential Investment Company Limited	Rane Brake Lining Limited
Record Date	Jan 01, 2021
Offer Open Date	Feb 04, 2021	Oct 27, 2020
Offer Closure Date	Feb 17, 2021	Apr 26, 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 Industrial and Prudential Investment Buyback and Rane Brake 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

Rane Brake Lining 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 (Consolidated)
Particulars	For the year/period ended (Rs. in Crores)
	31-Mar-20	31-Mar-19	31-Mar-18
Revenue from operations	470.98	513.89	482.29
Profit After Tax	34.34	36.53	35.75
Net-worth	228.82	209.77	188.21

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 BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Sep-2020	624.00	523.00	574.00
Aug-2020	670.00	514.00	574.00
Jul-2020	605.00	514.00	549.00

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Sep-2020	625.00	521.00	574.00
Aug-2020	670.00	512.00	574.00
Jul-2020	605.00	517.00	549.00

Compare with others

Industrial and Prudential Investment Company Limited	Rane Brake Lining Limited
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Atul Buyback	Jullundur Motor Agency Buyback
Freshtrop Fruits Buyback	Engineers India Buyback
Archidply Industries Buyback	IIFL Securities 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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