Engineers India Limited Buyback Review

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Incorporated in the year 1965, Engineering India Limited is a public sector undertaking of GOI under the Ministry of Petroleum and Natural Gas. The company is a leading global engineering consultancy with a focus on the oil & gas and petrochemical industries. The company has multiple offices in India and abroad with head office in Delhi and other offices at Gurugram, Mumbai, Kolkata, Chennai, Vadodara, and inspection offices at all major equipment manufacturing locations in India. The company’s overseas presence is marked in London, Italy, Abu Dhabi, and Malaysia.

EIL has two wholly-owned subsidiaries Ramagundam Fertilizers & Chemical Limited and Certification Engineers International Ltd. The company is coming up with a buyback of ₹586.90 Cr. The size of the buyback is 6.98 Cr fully paid-up equity shares of ₹5 which represents 11.06% of the total fully paid up shares. The buyback price is set to ₹84 per share, which is 20% higher than the price on the date of the announcement.

What is Engineers India Limited Buyback details?

Below is the complete details about Engineers India Limited Buyback. Record date, buyback open and close dates are announce in below section.

    Buyback Type: Tender Offer
    Buyback Offer Amount: 586.90 Cr
    Buyback Number of Shares: 6.98 Cr
    Buyback Price: Rs 84
    Buyback Offer Size (In %): 11.06%
    Total Share Capital: 4906.79 Cr
    Face Value: 5 Per Equity Share
    Buyback Offer Size (In %): 11.06%

Can I Invest today to participate in Engineers India Limited buyback offer? No

What are Engineers India Limited Buyback Important Dates?

In this section we have covered all important dates related to Engineers India Limited Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.

    Engineers India Limited buyback offer important dates
    Buyback Activity Date
    Board Meeting for Buyback proposal 12th Nov 2020
    Buyback Approval date 12th Nov 2020
    Public Announcement of Buyback 21st Nov 2020
    Record Date 1st Jan 2021
    Buyback opens on/Buyback Opening Date Not Yet Announced
    Buyback closes on/Buyback Closing Date Not Yet Announced
    Cut-off date to receive completed tender forms by Registrar Not Yet Announced
    Cut-off date for verification by the Registrar Not Yet Announced
    Cut-off date to inform Stock Exchange on acceptance or non-acceptance
    of tendered Equity Shares by Registrar
    Not Yet Announced
    Last date of settlement of bids on the stock exchange Not Yet Announced
    Last date to return unaccepted shares by Registrar Not Yet Announced
    Last date of extinguishment of Equity Shares Not Yet Announced

Engineers India Limited Share Holding Pattern as of June 2020

Stock Holding table gives a clear picture on retail investor holdings of Engineers India Limited shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.

    Holding Type In %
    Promoter-Foreign 7.59%
    Promoter-Indian 51.5%
    Non-Promoter-Institutions 28.68%
    Non-Promoter-Non-Institutions 12.22%

Engineers India Limited Public Announcement >>Document

Buyback Calculator - Check your Profit/Loss and Breakeven point for left out shares.

Current and Upcoming Buybacks Key dates

The table below will give you a complete dashboard view for all open buyback offer in current market.

Current and Upcoming Buybacks Key dates
Company NameBuyback TypeOffer AmountBuyback PriceCMPRecord DateBuyback Open DateBuyback End Date
Garware Technical Fibres LimitedTender Offer72.99 Cr23002202.50 (-0.59%)11-12-2020TBDTBD
Jullundur Motor Agency (Delhi) LimitedTender OfferRs 26.82 Cr3634.35 (2.38%)24-12-2020TBDTBD
Engineers India LimitedTender Offer586.90 Cr8479.80 (0.00%)01-01-2021TBDTBD
Industrial & Prudential Investment Co. LtdTender OfferRs 8.34 Cr1,2001128.35 (2.03%)01-01-2021TBDTBD
Indian Toners and Developers LimitedTender Offer36.98 Cr160138.85 (-4.93%)15-01-2021TBDTBD
NIIT LimitedTender OfferRs 237 Cr240202.35 (-0.54%)TBDTBDTBD

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Detail Article on Benefit from buyback offer >> Read

Engineers India Limited Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for Engineers India Limited? How can I apply in Engineers India Limited Buyback offer?

Company Contact Information

Engineers India Limited
Engineers India Bhavan, 1, Bhikaji Cama Place
New Delihi-110066
Phone: 011-26762121
Email: [email protected]

Registrar Contact Information

AUNKIT ASSIGNMENTS LIMITED
205-208, Anarkali Complex,
Jhandewalan Extension, New Delhi -110055
Tel.: +91 11 42541234/2354
Email:[email protected]
Website: www.alankit.com
Request call back from

Last Updated on 2020-12-24T01:19:27+00:00


Buyback FAQs

  1. 1. What is the record date for Engineers India Limited buyback offer?

    The Record Date for Engineers India Limited Buyback offer is 1st Jan 2021

    Which means you should hold the Engineers India Limited share in your demat account by closing session of 1st Jan 2021. Share purchased on and before (1st Jan 2021) - 2 business days will be available in your demat account by 1st Jan 2021.

     

     

  2. 2. How much I can make with Engineers India Limited buyback offer?

    Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Engineers India Limited shares at ₹75 and buyback offer price is ₹84, you can get ₹9 per accepted share. If you hold 2667 shares of Engineers India Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 880 to 1334 shares with the gain from buyback of ₹7920 to ₹12006.

    The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares.

    Engineers India Limited Buyback Profit Calculation

    % Share AcceptedNo of Shared AcceptedGain from Buyback Offer
    33%880₹7920
    50%1334₹12006
    75%2000₹18000
    100%2667₹24003

     

     

  3. 3. How to Participate in Engineers India Limited buyback offer?

    Steps to participate in Engineers India Limited buyback:

    1. On Record date (1st Jan 2021) you must have share of Engineers India Limited in your demat account/physical form. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly.
    2. After that company announces buyback open and close window, so you need to tender your share in buyback process. You can do this online or contact your broker to tender your share in buyback, so he can place a request on your behalf.
    3. Next step is with registrar - depend on buyback acceptance ratio, your shares will be sold in buyback process and fund will directly debited in your bank account. Any rejected share will be revert in your demat account which you can sell in open market or hold for long term gain.

     

     

  4. 4. How many Engineers India Limited share are eligible for buyback?

    Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.

     

     

  5. 5. When I need to tender Engineers India Limited share for buyback?

    Buyback opening date for Engineers India Limited: Not Yet Announced

    Buyback closing date for Engineers India Limited: Not Yet Announced

    This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by Not Yet Announced.

     

     

  6. 6. When I will know how much shares accepted in Engineers India Limited buyback offer?

    As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar on or before Not Yet Announced.

     

     

  7. 7. When I need to tender Engineers India Limited share for buyback?

    Buyback opening date for Engineers India Limited: Not Yet Announced

    Buyback closing date for Engineers India Limited: Not Yet Announced

    This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by Not Yet Announced.

     

     

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