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Industrial and Prudential Investment Buyback vs VRL Logistics Buyback

Comparision between Industrial and Prudential Investment Buyback and VRL Logistics Buyback.

Buyback Details

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

  Industrial and Prudential Investment Company Limited VRL Logistics Limited
Logo Industrial and Prudential Investment Buyback Logo VRL Logistics Buyback Logo
Type of Buyback Tender Offer Open Market Through Stock Exchange
Listing At BSE BSE, NSE
Face Value ₹10 per share ₹10 per share
Buyback Price ₹1200 per share ₹300 per share
Issue Size 69,500 shares
Issue Size (Amount) ₹8.34 Crores ₹60.00 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 Kfin Technologies Limited
Lead Managers Inga Ventures Pvt Ltd ICICI Securities 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 will help the Company achieve the following objectives:
i) Optimize returns to shareholders;
ii) Enhance overall shareholders’ value; and
iii) Improve return on equity by reduction in the equity base.

Buyback Timetable

Industrial and Prudential Investment Buyback and VRL Logistics 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. VRL Logistics Buyback Buyback record date is .

  Industrial and Prudential Investment Company Limited VRL Logistics Limited
Record Date Jan 01, 2021
Offer Open Date Feb 04, 2021 Feb 17, 2021
Offer Closure Date Feb 17, 2021 Aug 16, 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 VRL Logistics 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 VRL Logistics 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 21,288.56 21,174.68 19,365.50
Profit After Tax 901.14 919.16 925.64
Net Worth 6,168.69 6,459.38 5,932.19
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
Jan-2021 214.00 165.00 196.03
Dec-2020 214.00 171.80 197.27
Nov-2020 192.60 149.00 166.31
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2021 209.70 179.25 196.00
Dec-2020 214.25 171.75 197.31
Nov-2020 193.05 149.00 166.32

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